The Next Hot Sector for Activism? Real Estate.

Jeff Pierce’s Snow Park is leading the way, winning ISS and Glass Lewis support for its board nominees at Front Yard.

Illustration by II

Illustration by II

Activism may be off to a slow start in 2019 — but not in the real estate sector.

Proxy season is just beginning, but so far the number of board seats gained by activists is down 25 percent in the U.S. through April of this year, and the number of investors making demands is down to 298 from 366 during the same time period — about 19 percent, according to Activist Insight, which tracks shareholder activism.

That

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