Ortelius Advisors’ Open Letter to Brookdale Senior Living Inc. Stockholders
March 5, 2025
Dear Fellow Stockholders,
Ortelius Advisors, L.P. (“Ortelius” or “we”)
with approximately 1.3% ownership of the outstanding common stock of Brookdale Senior Living Inc.1 (“Brookdale” or the “Company”)
believes that the Company holds significant upside potential based on its high-quality assets and the growing senior living market.
Brookdale’s High-Quality Assets
Brookdale’s portfolio of senior living communities is one of the largest and most diverse in the industry, featuring a range of property types including independent living, assisted living, and memory care facilities. These assets are strategically located in desirable markets with strong demographic trends, ensuring a steady demand for senior living services.
Moreover, Brookdale’s properties are well-maintained and offer a range of amenities and services that cater to the unique needs of its residents. This focus on quality and resident satisfaction is a key driver of Brookdale’s strong occupancy rates, which have consistently outperformed industry averages.
The Growing Senior Living Market
The senior living market is poised for significant growth in the coming years, driven by demographic trends and a growing recognition of the importance of quality care for seniors. According to the U.S. Census Bureau, the number of Americans aged 65 and older is projected to more than double by 2050, reaching nearly 100 million.
This demographic shift is creating a growing demand for senior living services, with many seniors seeking the comfort and security of a community that can provide the care and support they need as they age. Brookdale is well-positioned to capitalize on this trend, with its large and diverse portfolio of senior living communities.
Ortelius’ Proposal
Ortelius believes that Brookdale can unlock even greater value for its stockholders by implementing several strategic initiatives. These include:
- Improving operational efficiencies and cost savings through technology and process improvements
- Exploring strategic partnerships and acquisitions to expand the Company’s footprint and diversify its offerings
- Focusing on strategic capital investments to enhance the quality of its properties and meet the evolving needs of its residents
Impact on Individual Investors
For individual investors, the potential upside from Brookdale’s high-quality assets and the growing senior living market could translate into significant capital appreciation and dividend income. As a long-term investor in Brookdale, Ortelius is confident that these factors, coupled with the Company’s strategic initiatives, will create value for all stockholders.
Impact on the World
Beyond the financial implications, the growing senior living market also has important social implications. As the population ages, there is a growing need for quality care and support for seniors. Companies like Brookdale, which prioritize resident satisfaction and quality of care, are essential in meeting this need and ensuring that seniors can live comfortably and with dignity.
Conclusion
Ortelius remains committed to working constructively with Brookdale’s management team and Board of Directors to unlock the Company’s full potential and create value for all stockholders. We believe that Brookdale’s high-quality assets and the growing senior living market present a compelling investment opportunity, and we are confident that the Company’s strategic initiatives will position it well for future growth.
We encourage all stockholders to engage with us and the Company as we work together to build a brighter future for Brookdale and its residents.
