Ventas Gathers Momentum, But Proxy Fight Highlights Gaps Left to Close

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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).

The post Ventas Gathers Momentum, But Proxy Fight Highlights Gaps Left to Close appeared first on Senior Housing News.

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