On April 14, 2022, Ventas, Inc. announced that it has distributed communication to its shareholders in connection with the Company's annual shareholders meeting. The Company stated that Land & Buildings is putting shareholders' investment at risk. The Company added that Land & Buildings has launched a proxy contest seeking to remove James D. Shelton and replace him with Land & Buildings' nominee, Jonathan Litt.

The Company stated that this proposed change to the composition of the Board is neither warranted nor in shareholders' best interests. The Company also urged the shareholders to vote for all of its 11 nominees on the Company's proxy card at the Company's annual shareholders meeting.