Feb 18 (Reuters) - Activist investor Jonathan Litt is

launching a proxy fight at National Health Investors ( NHI )

and is seeking to oust two board members, the Wall

Street Journal reported on Tuesday, citing people familiar with

the matter.

Litt's Land & Buildings Investment Management has

nominated two directors to the board of the medical real-estate

investment firm, which focuses on assisted-living and other

medical facilities, the report added.

NHI has a market capitalization of about $3.11 billion,

according to LSEG data.

Land & Buildings plans to say NHI's board is too closely

tied to one of its largest tenants, National Healthcare ( NHC ),

and could boost profits by getting more favorable lease terms,

the report said.

NHC's current lease, which expires at the end of 2026,

is significantly below market rates, according to the report.

Last year, the activist firm issued a

letter

to National Health Investors' ( NHI ) shareholders, urging them to

vote against Directors Robert Webb And Charlotte Swafford.

NHI and Land & Buildings did not immediately respond to

Reuters' request for comment.

(Reporting by Devika Nair in Bengaluru; Editing by Varun H K)