Key Summary: In early 2020, Jonathan Litt of Land & Buildings criticized AMH as undervalued compared to INVH, estimating 35%+ upside, and announced it as one of their largest investments. On March 10, L&B nominated a board candidate citing underperformance and missed potential. However, by March 23, they withdrew the nomination due to COVID-19 but warned of a potential proxy contest in 2021 if progress stalled.