Land & Buildings Investment Management, LLC announced that it has issued an open letter to its fellow National Health Investors, Inc (NHI) investors. In the letter, Land & Buildings outlines why it believes shareholders should send a clear message at NHI?s upcoming 2024 Annual Meeting of Stockholders that the status quo is not tolerable by demanding objective and independent decision-making from the NHI Board of Directors ahead of the exceptionally important lease renegotiations with one of the Company?s largest tenants, National HealthCare Corporation (NHC). Land & Buildings expressed that the Company is significantly undervalued with opportunities to unlock its valuable assets, including upcoming lease renewal with tenant National Healthcare Corporation and highlights poor corporate governance and serious conflicts of interest among board members.

Land & Buildings also expressed serious concerns that the Company Board cannot fairly represent both landlord and tenant in lease renegotiation given substantial economic and personal ties to NHC. Further, Land & Buildings urged the Company shareholders to vote ?against? incumbent directors Robert Webb and Charlotte Swafford at the Company's annual general meeting which is scheduled to be held on May 22, 2024.