Land & Buildings seeks board changes at Ventas again, WSJ reports

Activist investor Jonathan Litt is again seeking board changes at Ventas, the big owner of senior-housing communities, The Wall Street Journal’s Lauren Thomas reports. Litt’s Land & Buildings Investment Management says the changes are needed to help reverse underperformance at the real-estate investment trust, according to a letter it plans to send the company’s shareholders that was viewed by The Wall Street Journal. It sets up what could be Land & Buildings’ second proxy fight at the company after the investor ran a campaign to nominate Litt and another candidate in 2022, an effort that fell short, the author says.