Land & Buildings Sends Letter to SmartRent’s Board of Directors Outlining the Need to Explore Strategic Alternatives

  • Details How SmartRent’s Persistent Failure to Execute its Growth Strategy, Inability to Achieve Targets and Massive Destruction of Value Since its Listing in 2021 Have Caused a Crisis of Confidence Among Shareholders
  • Views SmartRent as the Dominant PropTech Company in the Multifamily Industry and with Incredibly Valuable Assets
  • Believes the Company Must Explore a Sale to Maximize Shareholder Value – Which Could Garner a Steep Premium of 150% or More Above Current Share Price Based on Precedent Transactions

Link to letter here