Land & Buildings, an activist investor with a penchant for sending open letters to companies it invests in, launched two more.
One went to the Ventas board of directors, "detailing Land & Buildings' continued dissatisfaction with the Company's long-term underperformance and undervaluation," as the firm claimed in a press release.
The other occurred on April 18. A letter to Aimco's board said that Land & Business had "grown increasingly concerned about the Company's continued failure to act with urgency in exploring ways to maximize value for shareholders" and urged the company to consider all possible strategies, including a sale.
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