Edition:
United Kingdom

Land & Buildings Urges Brookdale Senior Shareholders To "Press For Substantial Real Estate Monetization"


Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Brookdale Senior Living Inc ::LAND & BUILDINGS SENDS OPEN LETTER TO BROOKDALE SENIOR LIVING SHAREHOLDERS.LAND AND BUILDINGS INVESTMENT MANAGEMENT SAYS URGES BROOKDALE SENIOR SHAREHOLDERS TO "PRESS FOR SUBSTANTIAL REAL ESTATE MONETIZATION".LAND & BUILDINGS SAYS BROOKDALE'S REAL ESTATE IS LIKELY VALUED AT $7-$8 BILLION, $16-$19 PER SHARE NET.LAND & BUILDINGS SAYS BROOKDALE'S BOARD SHOULD "AGGRESSIVELY" SELL ASSETS.LAND & BUILDINGS SAYS BROOKDALE SHOULD "IMMEDIATELY" SELL PORTFOLIOS OF $500 MILLION TO $1 BILLION.LAND & BUILDINGS SAYS URGE BROOKDALE SHAREHOLDERS TO PRESS BOARD FOR ANNUAL MEETING TO INCLUDE &/OR REFLECT MORE SHAREHOLDER-FRIENDLY GOVERNANCE CHANGES.LAND & BUILDINGS SAYS BROOKDALE'S BOARD SHOULD ALSO PURSUE SENIOR HOUSING REIT FOR ITS REAL ESTATE. 

Company Quote

6.24
-0.09 -1.42%
18 Apr 2019