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Activist Litt Pitched a Split Plan to Brookdale

BNN Bloomberg

(Bloomberg) -- Activist investor Jonathan Litt made his case to split Brookdale Senior Living Inc. into a real estate investment trust and senior-housing operator to members of the company’s management, according to people familiar with the matter. Litt’s Land & Buildings Investment Management, which owns a 3.2 percent stake in Brookdale, has been pushing the company to explore ways to unlock the value of its real estate since 2016...

Mentions: Investment Management REIT