Activist Shareholder Calls for Brookdale to Consider Selling its Real Estate

Stamford, Connecticut-based Land & Buildings Investment Management LLC seems to have changed its tune with respect to Brookdale Senior Living’s (NYSE: BKD) turnaround potential. Specifically, Land & Buildings is optimistic about recent leadership changes that have taken place at Brookdale, though the activist investor still believes the nation’s largest senior housing provider should consider selling its […]

Ventas Restructures Brookdale Leases, Asset Sales Could Follow

Ventas, Inc. (NYSE: VTR) has officially renegotiated its leases with the nation’s largest senior housing provider, which recently turned to new leadership and is focused on a turnaround. The deal could also facilitate additional asset sales. Specifically, the Chicago-based real estate investment trust (REIT) on Friday announced it has entered into definitive agreements with Brookdale Senior […]

Brookdale Pressed by Activist Shareholder to Boost Transparency

Stamford, Connecticut-based Land & Buildings Investment Management LLC is once again pressuring the nation’s largest senior housing provider to act—this time, it says, in the interest of increased transparency. Specifically, the activist shareholder on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration of […]

Brookdale Strikes Deal with Activist Shareholder

The nation’s largest senior living provider has struck a deal with an activist shareholder that’s given the company’s management team a bit of trouble over the last several months. Brookdale Senior Living (NYSE: BKD) on Wednesday announced that it had reached an agreement with Stamford, Connecticut-based Land & Buildings Investment Management LLC and appointed Marcus E. […]

NorthStar Shareholder Fuels Fire Against REIT Merger

Another activist shareholder has come out strongly against the planned merger between Colony Capital Inc. (NYSE: CLNY), NorthStar Realty Finance Corp. (NYSE: NRF) and NorthStar Realty’s current external manager NorthStar Asset Management Group Inc. (NYSE: NSAM), citing concerns about the combined company’s governance and value to shareholders. Real estate investment trust (REIT) NorthStar Realty Finance, a […]

Activist Shareholder Calls Out NorthStar ‘Cronies’ Over REIT Merger

One activist shareholder is slamming the “management cronies” involved in the $17 billion merger of three major real estate companies, saying there is “woefully inadequate” value to shareholders in the transaction.    Jonathan Litt, founder and chief investment officer of New York-based hedge fund Land & Buildings, slammed special committee members of NorthStar Asset Management […]

NorthStar Shareholder Calls Out ‘Farcical’ New Committee

In a move that reflects the ongoing conflict between a major global asset management firm and an activist shareholder, NorthStar Asset Management (NYSE: NSAM) announced it has formed a special committee of independent directors to continue to work on strategic alternatives to recapture shareholder value. However, one shareholder is questioning the independence of the directors. […]