Investor Presentaiton
We Thoroughly Evaluated Mr. Litt and Determined He Did Not
Meet the Standards for Board Service
Relevant Skills
Institutional Investment
Experience
Public Company
Board Service
Healthcare or Public
Policy Experience
Operational REIT
Experience
ESG Expertise
Select Credentials of Ventas Directors
Michael Embler: Oversaw $85B in AUM and 25 investment professionals
Roxanne Martino: Managed $14B+ in AUM; inducted into InvestHedge Hall of Fame and
recognized as one of "50 Leading Women in Hedge Funds"
Matthew Lustig: Oversaw multiple funds, including Lazard Senior Housing Partners, with $2.5B+
of equity capital invested in REITs and real estate operating companies
Average -12 years of service on public company Boards
Melody Barnes: Accomplished governance and public policy expert; advised President Obama
on and negotiated for the Health Care and Education Reconciliation Act
Michael Embler: Director at Kindred Healthcare, a healthcare company specializing in long term
acute care hospitals, inpatient rehabilitation facilities and behavioral health hospitals
⚫ Denny Shelton: Experienced healthcare executive and director with wealth of expertise in
hospitals, medical office buildings and other care settings
Maurice Smith: CEO of 5th largest health insurer in the U.S.; recognized as one of Modern
Healthcare's 100 Most Influential People in Healthcare in 2020 and 2021
Sean Nolan: ~30 years of experience in life sciences industry as public company executive,
operator and serial entrepreneur; CEO of AveXis when sold for $8.7B
Robert Reed: Accomplished hospital system executive and finance professional
Maguerite Nader: 20+-year track record as an accomplished REIT executive; Current Nareit
Chair
Walter Rakowich: Extensive experience as seasoned and accomplished REIT executive and
finance professional; led a dramatic turnaround at Prologis and the $17B merger with AMB
Multiple directors with ESG expertise
A VENTAS®
X Mr. Litt's Credentials
Manages a small hedge fund with a five-person team; no clarity into
fund's return track record
Currently on zero public company Boards
Served for 1 year at Taubman Centers after second proxy fight; asked by
other directors to not stand for re-election
Served for ~2 years at Mack Cali following appointment as part of
settlement agreement
No healthcare industry experience (including senior living)
No public policy experience
Land & Buildings ran a prolonged and unsuccessful campaign at
Brookdale Senior Living; won no board seats and incurred meaningful
loss on its investment
No operational REIT experience
Limited direct experience in leasing, development, acquisitions, capital
markets or other critical aspects of a REIT's operations
None
39
39View entire presentation