The REIT also reported that 96% of its communities are accepting new residents. There are no executives at Welltower getting paid more. As of October 5, 2020, near-term liquidity totaled $5.3 billion. 2020 Public Storage. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. Prior to forming RailField, Mr. Bacon spent 19 years at Fannie Mae, most recently serving as the Executive Vice President of the multifamily mortgage business from July 2005 to March 2012. As of Oct. 23, 94% of Welltowers senior housing communities reported no confirmed coronavirus cases, 5% reported one to two cases, and 1% have three or more cases. In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. webmaster@goodearthhempcompany.themarketgarden.com to inform them of the time this error occurred, misconfiguration and was unable to complete Shankh Mitra, David Neithercut, and Paul Williams Bring Significant Financial, Real Estate Investing, and Corporate Governance Expertise and Leadership Experience. Mr. Mitra is the Chief Executive Officer and Chief Investment Officer of Welltower Inc., and serves on the Companys Board of Directors. Mr. Mitra is primarily responsible for capital allocation decisions at Welltower, and brings over a decade of experience in investments, finance and real estate to the Company. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. Mr. Williams said, It is a privilege to be appointed to Public Storages Board of Trustees, and Im excited by the opportunity to build on the Companys long history of success. Mr. Mitra served as Welltowers Senior Vice President - Investments from January 2018 to August 2018. According to this definition women are the form of shakti and they are playing different roles in a man's life. His vision of reimagining and reinventing the built environment for effective delivery of health care and wellness services has played an instrumental role in transforming Welltower into the world's largest health and wellness real estate platform. "Welltower will continue to strive to be the premier wellness infrastructure company that allocates capital in the path of . In the coming weeks and months, you will see a series of promotions and new roles that will consolidate the leadership of this company not a change per se, just a recognition of the exceptional work that the team is doing, he said. Public Storage and Elliott Associates, L.P. (Elliott) have had constructive discussions in recent weeks. Mr. Neithercut served as Chief Executive Officer of Equity Residential from January 2006 until his retirement in December 2018 and President of the Company from May 2005 to September 2018. With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders. On record we show 3 phone numbers associated . (703) 894-1805. He received his undergraduate degree from Jadavpur University and an MBA from Columbia Business School. No credit card required. Finally, Welltower undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements. We are encouraged by the relative stabilization of our operating performance and incredibly excited about the opportunity to deploy capital in attractive investment opportunities. Shankh Mitra Chief Executive Officer Welltower Inc. New York, New York, United States Found 6 emails: welltower.com gmail.com yahoo.com citadelgroup.com gsb.columbia.edu us.pwc.com Found phones: 6 available on +Phone plans Michael Fachetti Chief Executive Officer - Chief Executive Officer United Commerce Solutions New York, New York, United States Welltower Appoints Shankh Mitra Chief Executive Officer, Healthcare Apprenticeship Expansion Program. Estate. Finally, Welltower undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements. The Company also announced that Kenneth J. Bacon, who has been serving as an Independent Director on the Board since 2016, has been named Chairman. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause Welltower's actual results to differ materially from Welltower's expectations discussed in the forward-looking statements. Lead independent directorJeffrey H. Donahuesaid, Tom and I have known each other for years and he has always been an extremely capable executive. More information about this error may be available For a woman, a religious, devoted wife, wealthy, all comforts of . Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. https://welltower.com/october-business-update, Total SHO portfolio occupancy declined approximately 30 basis points (bps) during September to approximately 78.4% as of, Experienced consecutive occupancy increases during the last two weeks of September, marking the first period of back-to-back occupancy gains since the start of the pandemic, Total SHO portfolio occupancy declined approximately 150 basis points during the third quarter from approximately 79.9% to 78.4%, as compared to our outlook of -125-175bps, Triple-Net portfolio: collected 98% of rent due in third quarter of 2020, Outpatient Medical portfolio: 93.6% portfolio occupancy at, Since previous update, announced seniors housing and outpatient medical dispositions totaling over. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. In this role, Mr. Bacon will lead the Board and partner with Mr. Mitra and the leadership team as they execute the Companys strategy to create long-term shareholder value. Patricia A Antonucci, Colby Wayne Hartke, and eight other persons spent some time in this place. Previously, he was a member of the Board of Directors of Bentall Kennedy L.P. until its acquisition by Sun Life Financial ofCanadain 2015 and Forest City Realty Trust, Inc. until its acquisition byBrookfieldin 2018. Welltower Inc. (NYSE: WELL) has announced that it has named Shankh Mitra as Chief Executive Officer and he also joined the Board of Directors. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Chief Executive Officer & Chief Investment Officer. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. (business & personal). On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. Biography of Shankh Mitra Mr. Shankh Mitra is an Independent Trustee at Public Storage, a Director, Chief Executive & Investment Officer at Welltower, Inc. and a Member-Real Estate & Infrastructure Counsel at The World Economic Forum USA, Inc. in the server error log. Shankh Mitra Biography. Get updates on the latest news impacting senior living through our Argentum Daily newsletter. Mr. Williams received an undergraduate degree, cum laude, from Harvard University and a J.D. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve peoples wellness and overall health care experience. We are encouraged by the relative stabilization of our operating performance and incredibly excited about the opportunity to deploy capital in attractive investment opportunities. error was encountered while trying to use an ErrorDocument to handle the request. The company expects spot occupancy to decline 75 to 125 basis points in the fourth quarter, relative to Sept. 30. He currently serves on the board of trustees of ProMedica Health System as well as ProMedica Senior Care (formerly HCR ManorCare). We have the utmost confidence in Shankh's strategic vision and leadership and believe he is the right person to guide Welltower as it continues to successfully navigate the current environment and pursue the exciting next phase of growth for the Company. He said he expects the other four properties to transition to the new operator by the end of the year. Shankh Mitra is Chief Executive Officer and Chief Investment Officer of Welltower Inc. and leads the Companys investments, structuring, development, predictive analytics, and asset management efforts. The Board is pleased to appoint Shankh as CEO, continued Donahue. Welltower is in a very strong position today and has a bright future., Mr. DeRosa commented, I am proud of our many accomplishments during my time as CEO and thankful to the Board and the entire Welltower team for allowing me to pursue my vision. He was from Morocco and first went to Mecca at the age on 21 in 1335. There is no executive better suited to lead Welltower at this critical juncture. In this role, Mr. Bacon will lead the Board and partner with Mr. Mitra and the leadership team as they execute the Company's strategy to create long-term shareholder value. Mr. Mitra served as Senior Analyst at Citadel Investment Group from April 2012 to June 2013 and Fidelity Investments from June 2009 to March 2012. WELLTOWER INC. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Sunnyvale, CA and San Carlos, CA belong to the nine cities where Shankha has lived. Welltower today also issued a presentation on the Companys operations throughSeptember 30, 2020, which can be found at:https://welltower.com/october-business-updateHighlights of the presentation include: Mr. Mitra joined Welltower in 2016 and has served as the Companys Chief Investment Officer since 2018, adding the roles of Vice Chair and Chief Operating Offer inApril 2020. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve peoples wellness and overall health care experience. We have created something unique at Welltower, and as a result, have become the leading health and wellness real estate platform. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. He received an MBA fromHarvard Business School, a master of science degree from the London School of Economic and Political Science, and a bachelors degree in anthropology fromStanford University. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. Prior to joining Welltower, Mr. Mitra was a Portfolio Manager investing in Real Estate Securities at Millennium Management, where he managed an accomplished team of investment professionals responsible for bottom-up underwriting of commercial real estate companies and portfolios, security selection, quantitative portfolio and risk management. Mr. Bacon has served as RailFields managing partner since his retirement from the Federal National Mortgage Association (Fannie Mae) inMarch 2012. Mr. Bacon received an MBA fromHarvard Business School, a Master of Science (M.Sc.) Matt McQueen. Chief Executive Officer @ Welltower Inc. (NYSE:WELL). shankh mitra wife . The Board is pleased to appoint Shankh as CEO, continued Donahue. Bacon has served as RailFields managing partner since his retirement from the Federal National Mortgage Association (Fannie Mae) inMarch 2012. Previously, he was a member of the Board of Directors of Bentall Kennedy L.P. until its acquisition by Sun Life Financial of Canada in 2015 and Forest City Realty Trust, Inc. until its acquisition by Brookfield in 2018. From July 2013 to December 2015, Mr. Mitra served as Portfolio Manager, Real Estate Securities at Millennium Management. An associated email address for Shankha is l*****@sbcglobal.net. Public Storage Appoints Three New Independent Trustees, https://www.businesswire.com/news/home/20201213005046/en/, Business As Chief Executive Officer & Chief Investment Officer at WELLTOWER INC., Shankh Mitra made $12,753,710 in total compensation. Were seeing what we believe to be a challenge in the marketplace today, and were pouncing on this opportunity as we are on the investment side.. This may be a result of various factors, including, but not limited to: the duration and scope of the COVID-19 pandemic; the impact of the COVID-19 pandemic on occupancy rates and on the operations of Welltower and its operators/tenants; actions governments take in response to the COVID-19 pandemic, including the introduction of public health measures and other regulations affecting Welltower's properties and the operations of Welltower and its operators/tenants; the effects of health and safety measures adopted by Welltower and its operators/tenants related to the COVID-19 pandemic; increased operational costs as a result of health and safety measures related to COVID-19; the impact of the COVID-19 pandemic on the business and financial condition of operators/tenants and their ability to make payments to Welltower; disruptions to Welltower's property acquisition and disposition activity due to economic uncertainty caused by COVID-19; general economic uncertainty in key markets as a result of the COVID-19 pandemic and a worsening of global economic conditions or low levels of economic growth; the status of capital markets, including availability and cost of capital; uncertainty from the expected discontinuance of LIBOR and the transition to any other interest rate benchmark; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies, responding to government investigations and punitive settlements and operators'/tenants' difficulty in cost effectively obtaining and maintaining adequate liability and other insurance; changes in financing terms; competition within the health care and seniors housing industries; negative developments in the operating results or financial condition of operators/tenants,including, but not limited to, their ability to pay rent and repay loans; Welltower's ability to transition or sell properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; natural disasters and other acts of God affecting Welltower's properties; Welltower's ability to re-lease space at similar rates as vacancies occur; Welltower's ability to timely reinvest sale proceeds at similar rates to assets sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the cooperation of joint venture partners; government regulations affecting Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims by or against operators/tenants; unanticipated difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting Welltower's properties; changes in rules or practices governing Welltower's financial reporting; the movement of U.S. and foreign currency exchange rates; Welltower's ability to maintain Welltower's qualification as a REIT; key management personnel recruitment and retention; the impact of our senior leadership transition; and other risks described in Welltower's reports filed from time to time with the SEC. With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders., Bacon added, I am honored to be named Chairman and look forward to working with Shankh and the rest of the highly-experienced leadership team and board to build upon the foundation Tom laid and deliver significant per-share growth to our shareholders. While COVID-19 has presented us with many challenges, the past six months have underscored Welltowers core value proposition: to serve as a strategic, nimble and creative capital allocator by leveraging our operator relationships and data platform. No credit card required. The most active insiders traders include Timothy J Naughton, R Scott Trumbull, and Philip L Hawkins. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Mr. Mitra, who has been serving as Vice Chair, Chief Operating Officer and Chief Investment Officer, succeeds Thomas J. DeRosa, who is stepping down as Chairman and CEO after leading Welltower for more than six years. All of our forward-looking statements, including those in this press release, are qualified in their entirety by this statement. Mr. Williams previously served on the boards of directors of State Auto Financial Corporation, Bob Evans Farms, Inc., and Essendant, Inc. (f/k/a United Stationers Inc.). Prior to forming RailField, Mr. Bacon spent 19 years at Fannie Mae, most recently serving as the Executive Vice President of the multifamily mortgage business fromJuly 2005toMarch 2012. Factors and risks that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the SEC) on February 25, 2020 and in our other filings with the SEC including: general risks associated with the ownership and operation of real estate, including changes in demand, risk related to development, expansion and acquisition of self-storage facilities, potential liability for environmental contamination, natural disasters and adverse changes in laws and regulations governing property tax, real estate and zoning; risks associated with downturns in the national and local economies in the markets in which we operate, including risks related to current economic conditions and the economic health of our customers; risks associated with the COVID Pandemic or similar events, including but not limited to illness or death of our employees or customers, negative impacts to the economic environment and to self-storage customers which could reduce the demand for self-storage or reduce our ability to collect rent, and/or potential regulatory actions to (i) close our facilities if we were determined not to be an essential business or for other reasons, (ii) limit our ability to increase rent or otherwise limit the rent we can charge or (iii) limit our ability to collect rent or evict delinquent tenants; risk that even after the initial restrictions due to the COVID Pandemic ease, they could be reinstituted in case of future waves of infection or if additional pandemics occur; risk that we could experience a change in the move-out patterns of our long-term customers due to economic uncertainty and the significant increase in unemployment in the last 30 days. Shankh Mitra is currently Director, Chief Executive Officer and Chief Investment Officer at Welltower - View - Welltower org chart Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. Shankh Mitra has been associated with twenty-four companies, according to public records. Chief Executive Officer & Chief Investment Officer. Mr. Neithercut is a former Chairman and member of the Advisory Board of Governors of the National Association of Real Estate Investment Trusts (Nareit) and formerly served on the Policy Advisory Board of the Joint Center for Housing Studies at Harvard University. After careful thought and consideration of the companys current position and opportunities ahead, the Board and I have decided that now is the right time for me to hand the reins to Shankh. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Mr. Bacon is a member of the Board of Directors of Comcast Corporation having previously served as Lead Independent Director and Ally Financial Inc. He serves on the MBA Real Estate Program Advisory Board at Columbia University and as a trustee of Americold Realty Trust (NYSE:COLD). This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://welltower.com/october-business-update. All proxy statements are public filings made available to the general public by the SEC. ", Mr. Mitra said, "I am humbled and honored to serve as CEO of Welltower and to lead this remarkable team as we embark on the next chapter of our journey. He was a Senior Analyst at Citadel Investment Group and Fidelity Investments and began his career at PricewaterhouseCoopers where he served several global clients. I would also like to thank Uri, Wayne, and GLENDALE, Calif.--(BUSINESS WIRE)-- 5 free lookups per month. In this role, Bacon will lead the board and partner with Mitra and the leadership team as they execute the companys strategy to create long-term shareholder value. This information is according to proxy statements filed for the 2021 fiscal year. degree from the London School of Economic and Political Science, and a bachelors degree in Anthropology fromStanford University. SHANKH MITRA is Chief Executive Officer, Chief Investment Officer, Director of Welltower. On behalf of the entire board of directors, I want to sincerely thank Tom for his lasting contributions to the company. All statements in this press release, other than statements of historical fact, are forward-looking statements which may be identified by the use of the words expects, believes, anticipates, should, estimates and similar expressions. Executive Vice President - General Counsel & Corporate Secretary . Of this total $1,000,039 was received as a salary, $3,920,000 was received as a bonus, $1,500,088 was received in stock options, $5,999,991 was awarded as stock and $333,592 came from other types of compensation. On average, Shankh trades about 1,651 units every 36 days since 2017. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. Shankh Mitra Chief Executive Officer at Welltower Inc. (NYSE:WELL) New York, New York, United States 3K followers 500+ connections Join to connect Welltower Inc. (NYSE:WELL) Activity It is with. TOLEDO, Ohio Welltower Inc. (NYSE: WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. We will continue to take actions that we believe will enable the successful execution of our strategy to deliver long-term value for our shareholders, customers, and employees., The Board and management team remain focused on our key strategic initiatives, enabling us to build on our strong foundation and drive innovation across our platform, said Joe Russell, President and Chief Executive Officer of Public Storage. The largest trade he's ever made was exercising 25,444 units of Welltower stock on 15 February 2022 worth over $1,714,671. For more information, visitwelltower.com. The full content of this article is only available to paid subscribers. Occupancy in Welltowers total seniors housing operating portfolio declined 150 basis points in the third quarter, or 30 basis points through Oct 23. Mitra will retain his CIO title and continue to lead Welltowers data analytics-driven capital allocation and operator relationships. "While COVID-19 has presented us with many challenges, the past six months have underscored Welltower's core value proposition: to serve as a strategic, nimble and creative capital allocator by leveraging our operator relationships and data platform. All rights reserved. If you are an active subscriber, please log in. Welltower today also issued a presentation on the Company's operations through September 30, 2020, which can be found at: https://welltower.com/october-business-update Highlights of the presentation include: Mr. Mitra joined Welltower in 2016 and has served as the Company's Chief Investment Officer since 2018, adding the roles of Vice Chair and Chief Operating Offer in April 2020. We observed such a trend during the recessionary circumstances of 2009; however, to date we have not seen any material change in the move-out patterns of long-term customers; risk of negative impacts on the cost and availability of debt and equity capital as a result of the COVID Pandemic, which could have a material impact upon our capital and growth plans; the impact of competition from new and existing self-storage and commercial facilities and other storage alternatives; the risk that our existing self-storage facilities may be at a disadvantage in competing with newly developed facilities with more visual and customer appeal; risk related to increased reliance on Google as a customer acquisition channel; difficulties in our ability to successfully evaluate, finance, integrate into our existing operations and manage properties that we acquire directly or through the acquisition of entities that own and operate self-storage facilities; risks associated with international operations including, but not limited to, unfavorable foreign currency rate fluctuations, changes in tax laws and local and global economic uncertainty that could adversely affect our earnings and cash flows; risks related to our participation in joint ventures; the impact of the legal and regulatory environment, as well as national, state and local laws and regulations including, without limitation, those governing environmental issues, taxes, our tenant reinsurance business, and labor, including risks related to the impact of new laws and regulations; risks of increased tax expense associated either with a possible failure by us to qualify as a REIT, or with challenges to the determination of taxable income for our taxable REIT subsidiaries; risks due to a November 2020 California ballot initiative (or other equivalent actions) that could remove the protections of Proposition 13 with respect to our real estate and result in substantial increases in our assessed values and property tax bills in California; changes in United States federal or state tax laws related to the taxation of REITs and other corporations; security breaches or a failure of our networks, systems or technology could adversely impact our operations or our business, customer and employee relationships or result in fraudulent payments; risks associated with the self-insurance of certain business risks, including property and casualty insurance, employee health insurance and workers compensation liabilities; difficulties in raising capital at a reasonable cost; delays and cost overruns on our projects to develop new facilities or expand our existing facilities; ongoing litigation and other legal and regulatory actions which may divert managements time and attention, require us to pay damages and expenses or restrict the operation of our business; and economic uncertainty due to the impact of war or terrorism. 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