Ventas Gathers Momentum, But Proxy Fight Highlights Gaps Left to Close – Senior Housing News

James Kruml for Senior Housing News

Activist shareholder Land & Buildings has picked another battle with a major senior living company, with the news breaking this week of a proxy fight with Ventas (NYSE: VTR).

This latest battle comes after Land & Buildings in 2019 was at loggerheads with Brookdale (NYSE: BKD), unsuccessfully pushing a board nominee and a real estate spinoff.

Now, Land & Buildings has put forward the firm’s founder and chief investment officer, Jonathan Litt, as a nominee for Ventas’ board, arguing that a shareholder voice is needed in light of the REITs’ underperformance in producing total shareholder returns (TSR).

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Tim Mullaney

If he’s not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination. Recent highlights include Sri Lanka and Iceland.