On April 18, 2024, Land & Buildings Investment Management, LLC announced that it has issued an open letter to National Health Investors, Inc. shareholders where it outlines why it believes shareholders should send a clear message at the Company?s upcoming 2024 Annual Meeting of Stockholders that the status quo is not tolerable by demanding objective and independent decision-making from the Company Board of Directors ahead of the exceptionally important lease renegotiations with one of the Company?s largest tenants, National HealthCare Corporation. Land & Buildings added that it highlights poor corporate governance and serious conflicts of interest among board members. Land & Building stated that it discloses likely substantial upside to lease rental rates if lease is negotiated at arms-length.

Land & Building urged shareholders to vote ?against? incumbent Directors Robert Webb and Charlotte Swafford.