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BRIEF-Land & Buildings Sends Open Letter To Brookdale Senior Living Shareholders
REUTERS 9:31 AM ET 7/16/2019
July 16 (Reuters) - Land and Buildings Investment Management LLC:
* LAND & BUILDINGS SENDS OPEN LETTER TO BROOKDALE SENIOR LIVING SHAREHOLDERS
* LAND & BUILDINGS - NOMINATED TWO CANDIDATES, JAY FLAHERTY AND JON LITT, TO BROOKDALE BOARD
* LAND & BUILDINGS - ENGAGED GREEN STREET ADVISORS TO INDEPENDENTLY VALUE BROOKDALE AND ITS REAL ESTATE
* LAND & BUILDINGS - GREEN STREET ADVISORS BELIEVES THERE MAY BE VIABLE OPCO/PROPCO REIT STRUCTURES FOR BROOKDALE
* LAND & BUILDINGS - BELIEVES RECENT GOVERNANCE STEPS TAKEN BY BROOKDALE HAVE BEEN "REACTIONARY AND FALL SHORT OF CHANGE URGENTLY REQUIRED"
* LAND & BUILDINGS - DISAPPOINTED BROOKDALE HAS NOT ENGAGED WITH OUR TWO NOMINEES TO DATE
* LAND & BUILDINGS- BELIEVES BROOKDALE'S INVESTMENT COMMITTEE SHOULD BE TASKED WITH EVALUATING ALL STRATEGIES TO MAXIMIZE VALUE OF COMPANY'S REAL ESTATE
* LAND & BUILDINGS - BELIEVES BROOKDALE'S INVESTMENT COMMITTEE SHOULD BE TASKED WITH EVALUATING ALL STRATEGIES INCLUDING OUTRIGHT ASSET SALES
* LAND & BUILDINGS - BELIEVES BROOKDALE SHOULD EVALUATE SEPARATING REAL ESTATE FROM MANAGEMENT COMPANY INTO TWO SEPARATE PUBLIC COMPANIES
* LAND & BUILDINGS - BELIEVE BROOKDALE'S PRIOR CONCERNS ABOUT REIT STRUCTURE CAN BE STRAIGHTFORWARDLY ADDRESSED WHILE CREATING VALUE FOR SHAREHOLDERS Source text for Eikon:
(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html
All Content and Data provided by Third-Parties — Terms of Use
BRIEF-Land & Buildings Sends Open Letter To Brookdale Senior Living Shareholders
REUTERS 9:31 AM ET 7/16/2019
July 16 (Reuters) - Land and Buildings Investment Management LLC:
* LAND & BUILDINGS SENDS OPEN LETTER TO BROOKDALE SENIOR LIVING SHAREHOLDERS
* LAND & BUILDINGS - NOMINATED TWO CANDIDATES, JAY FLAHERTY AND JON LITT, TO BROOKDALE BOARD
* LAND & BUILDINGS - ENGAGED GREEN STREET ADVISORS TO INDEPENDENTLY VALUE BROOKDALE AND ITS REAL ESTATE
* LAND & BUILDINGS - GREEN STREET ADVISORS BELIEVES THERE MAY BE VIABLE OPCO/PROPCO REIT STRUCTURES FOR BROOKDALE
* LAND & BUILDINGS - BELIEVES RECENT GOVERNANCE STEPS TAKEN BY BROOKDALE HAVE BEEN "REACTIONARY AND FALL SHORT OF CHANGE URGENTLY REQUIRED"
* LAND & BUILDINGS - DISAPPOINTED BROOKDALE HAS NOT ENGAGED WITH OUR TWO NOMINEES TO DATE
* LAND & BUILDINGS- BELIEVES BROOKDALE'S INVESTMENT COMMITTEE SHOULD BE TASKED WITH EVALUATING ALL STRATEGIES TO MAXIMIZE VALUE OF COMPANY'S REAL ESTATE
* LAND & BUILDINGS - BELIEVES BROOKDALE'S INVESTMENT COMMITTEE SHOULD BE TASKED WITH EVALUATING ALL STRATEGIES INCLUDING OUTRIGHT ASSET SALES
* LAND & BUILDINGS - BELIEVES BROOKDALE SHOULD EVALUATE SEPARATING REAL ESTATE FROM MANAGEMENT COMPANY INTO TWO SEPARATE PUBLIC COMPANIES
* LAND & BUILDINGS - BELIEVE BROOKDALE'S PRIOR CONCERNS ABOUT REIT STRUCTURE CAN BE STRAIGHTFORWARDLY ADDRESSED WHILE CREATING VALUE FOR SHAREHOLDERS Source text for Eikon:
(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html
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