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Activist investor 'disappointed' with Brookdale board

After months of criticizing Brookdale Senior Living Inc.’s executive management team, activist investor Land and Buildings Investment Management LLC is turning its attention to Brookdale’s board of directors.

In a letter to shareholders issued Monday, Land & Buildings Chief Investment Officer Jonathan Litt laid out seven steps the board should take to maximize shareholder value. Litt said his firm had previously made the recommendations in private but was “disappointed with the lack of urgency”…

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