Land & Buildings Investment Management, LLC

Land & Buildings Investment Management, LLC is a privately held investment management firm specializing in publicly traded real estate and real estate-related securities. Founded in June 2008 by Jonathan Litt, the firm's core mission is to generate attractive risk-adjusted returns through a proactive, engagement-focused, and research-driven strategy. Headquartered in Stamford, Connecticut, Land & Buildings is recognized for its activist approach within the real estate sector, aiming to unlock and enhance shareholder value in public real estate companies.

The firm provides discretionary investment management services to various pooled investment vehicles, including Land & Buildings Capital Growth Fund LP, L&B Onshore Fund LP, L&B Offshore Fund Ltd, and L&B Real Estate Opportunity Fund LP, as well as separately managed accounts. Its investment strategy primarily focuses on fundamentally driven long/short equity positions within Real Estate Investment Trusts (REITs), Real Estate Operating Companies (REOCs), and other companies with significant real estate holdings, with a global investment scope.

Under the leadership of Founder and Chief Investment Officer Jonathan Litt, an experienced real estate strategist and former Wall Street analyst, Land & Buildings maintains a prominent market position as an activist hedge fund. Recent activities include issuing a letter to shareholders of First Industrial Realty Trust, Inc. (NYSE: FR) to advocate for governance changes and asset divestment, and publishing a white paper on Welltower, Inc. (NYSE: WELL) expressing concerns about its executive compensation program and disclosing a short position. As of March 2024, the firm managed approximately $650.7 million in discretionary assets.