Adds details and background throughout
Feb 18 (Reuters) - Activist investor Jonathan Litt is launching a proxy fight at National Health Investors (NHI) NHI.N and is seeking to oust two board members, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Litt's Land & Buildings Investment Management has nominated two directors to the board of the medical real-estate investment firm, which focuses on assisted-living and other medical facilities, the report added.
NHI has a market capitalization of about $3.11 billion, according to LSEG data.
Land & Buildings plans to say NHI's board is too closely tied to one of its largest tenants, National Healthcare NHC.A, and could boost profits by getting more favorable lease terms, the report said.
NHC's current lease, which expires at the end of 2026, is significantly below market rates, according to the report.
Last year, the activist firm issued a letter to National Health Investors' shareholders, urging them to vote against Directors Robert Webb And Charlotte Swafford.
NHI and Land & Buildings did not immediately respond to Reuters' request for comment.
(Reporting by Devika Nair in Bengaluru; Editing by Varun H K)
((Devika.MadhusudhananNair@thomsonreuters.com;))
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