Deals
Activist Litt Pitched a Split Plan to Brookdale
- Proposal would see separate senior-housing operator created
- Brookdale Senior Living shares rise as much as 3.1 percent
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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.