Activist investor Starboard Value has taken a 5.9% position in Healthcare Realty Trust (HR), according to a filing with the SEC. Now Starboard has negotiated with the REIT for multiple positions on the board of directors — but there are issues to work through.

Effectively immediately through a cooperation agreement with Starboard, the HR board elected current director Tom Bohjalian as independent chair of the board and also appointed three new independent directors “with deep industry and leadership experience," according to HR. That's David Henry, Glenn Rufrano, and Don Wood. Henry and Rufrano will also serve on the committee overseeing a previously announced CEO search committee. Rufrano will serve as committee chair.

“David, Glenn and Don bring meaningful experience and fresh perspectives to the Board, and we look forward to working with them as we continue to take actions that will drive sustainable value and execute on strategic initiatives that further positions Healthcare Realty for long-term growth,” said Bohjalian in prepared remarks.