Activist investors upped their game in 2022 when it came to real estate companies, making varied demands at a brisk pace, including seats on boards, asset sales, mergers and acquisitions and — in a new wrinkle — reconsideration of ESG positions. And as the economy softens and valuations decline, CRE companies could still be targets for activist campaigns in 2023. 
“There was a ton of pent-up demand as the year began, and we actually saw that pent-up demand unleashed,” Lazard Managing Director of Investment Banking Chris Couvelier said. “I think that sustained momentum in the face of what everyone would acknowledge were deteriorating market conditions really points to the possibility…  Read the full story here. | 
