On April 18, 2022, Land & Buildings Investment Management, LLC issued a statement in response to a report issued by Institutional Shareholder Services Inc. (ISS) regarding the election of directors to Ventas, Inc.'s Board of Directors at the upcoming 2022 annual meeting of shareholders. In the statement, Land & Buildings expressed its view that ISS reached the wrong conclusion by failing to recommend shareholders vote for change in the Company boardroom. Land & Buildings added that the Company has long suffered from operational underperformance, capital allocation failures, poor communication efforts and poor corporate governance practices that have led the Company to trade a significant discount to peers - and it views a true shareholder representative is immediately needed on the Board to instill accountability and drive improved performance.

Land & Buildings stated that it urges shareholders to vote for the election of its nominee Jonathan Litt on Land & Buildings proxy card.