) and office and multifamily property owner Mack-Cali Realty Corp. In 2017, he targeted Saks Fifth Avenue owner Hudson's Bay, arguing the best use of Hudson's Bay's real estate was not as department stores.
During the pandemic, his firm has taken short positions in some of New York City's biggest office owners — Empire State Realty Trust, SL Green Realty and Vornado Realty Trust. And in late September, Litt came out against the real estate company's plans to split into two public entities, saying he would call a special meeting if AIMCO let shareholders vote on the move.
In this interview with CNBC in late September, Litt said: "Real estate touches every part of the economy. And there are sectors which are enjoying the mega-trends ... and dividend earnings are up, stocks are up, you're making a lot of money in them. And then there are the sectors which are struggling. And we talked about regional malls and shopping centers, and they did reduce their dividends, right? So, I think that it's a misnomer to think that this is a homogeneous group.
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