Activist investor Jonathan Litt, who in recent years has pushed to turn around struggling retailers, now has a new sector in his sights. Litt’s hedge fund, Land & Buildings Investment Management, is taking short positions in New York City landlords Empire State Realty Trust, SL Green Realty and Vornado Realty Trust, the Wall Street Journal reported. “Numerous headwinds have weighed on New York office landlords in recent years as rent growth has stalled and values
source https://therealdeal.com/2020/05/26/activist-investor-jonathan-litt-is-shorting-nycs-biggest-office-landlords/
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