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All proxy statements are public filings made available to the general public by the SEC. 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. We have created something unique at Welltower, and as a result, have become the leading health and wellness real estate platform. 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. Mitra, who has been serving as vice chair, COO and chief investment officer, succeeds Thomas J. DeRosa, who is stepping down as chairman and CEO after leading Welltower for more than six years. ", 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. In addition to a strong brand and deep customer loyalty, Public Storage has a demonstrated commitment to empowering its employees and creating a diverse and inclusive workplace. Given these risks and uncertainties, you should not rely on any forward-looking statements in this press release, or which management may make orally or in writing from time to time, neither as predictions of future events nor guarantees of future performance. I am grateful to Tom for his mentorship and partnership and I deeply appreciate the confidence and trust the Board and my colleagues have placed in me," said Mr. Mitra. 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. Mitra began his career at PricewaterhouseCoopers. Close more info about New Welltower CEO remains committed to wellness infrastructure, On the Money (formerly Dealmakers Handbook), McKnights Women of Distinction Awards and Forum content, ACHCA to revive assisted living credentialing program, Insurance company argues against defending senior living operator in wrongful death suit, Former nursing director able to embezzle $420,000 after computer access not cut off when she was fired, What senior living can learn from the Southwest Airlines debacle, Senior living is doing a great and largely unnoticed job, Rockwood, Doyenne JV to invest $100M in senior living communities, Court sets aside parts of NLRB union election rule. 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. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. Executive Vice President - Chief Financial Officer. In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. In April, we elevated Shankh to the roles of vice chair and COO with the intent that he would ultimately succeed Tom as CEO. Although the last seven months have been very challenging for the senior housing triple net operators, the sequential stabilization we saw between the second and third quarter, along with relief funds from [the Department of Health and Human Services] to be received in the fourth quarter, should help our operators find their footing heading into 2021, said Tim McHugh, executive vice president and chief financial officer. 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. On average, Shankh trades about 1,651 units every 36 days since 2017. 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 people's wellness and overall health care experience. Over the last 5 years, insiders at Welltower have traded over $1,876,515 worth of Welltower stock and bought 3,587 units worth $192,115 Shankh Mitra. On behalf of the entire board of directors, I want to sincerely thank Tom for his lasting contributions to the company. Shankha is a resident of 13637 Sheila Lynn Crt, Dade City, FL 33525-4514. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. We expressly disclaim any obligation to update publicly or otherwise revise any forward-looking statements, whether because of new information, new estimates, or other factors, events or circumstances after the date of these forward looking statements, except when expressly required by law. 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. from 8 AM - 9 PM ET. "The answer to that question is an emphatic no," he told analysts. 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. Mr. Bacon has served as RailField's managing partner since his retirement from the Federal National Mortgage Association ("Fannie Mae") in March 2012. On average, Welltower executives and independent directors trade stock every 37 days with the average trade being worth of $584,264. Request an invite to Revere to access this complete profile and connect with 500+ development firms today. WELLTOWER INC. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders. Additionally, a 500 Internal Server Error Regarding sales in the quarter, in September, Welltower sold an 11-property senior housing portfolio in California, Washington and Nevada for $792 million. After the end of the quarter, in October, the company closed in the first tranche, including 11 properties, for $90 million. Shankh Mitra Biography 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. The REIT expects such expenses to remain elevated during the pandemic. This report is not for commercial use. Since the start of the pandemic, Shankh's unyielding focus on portfolio performance and optimization has never been more evident. Mr. Neithercut received an M.B.A. from the Columbia University Graduate School of Business. 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 Welltowers 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 Welltowers 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; Welltowers 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 Welltowers properties; Welltowers ability to re-lease space at similar rates as vacancies occur; Welltowers 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 Welltowers properties; changes in rules or practices governing Welltowers financial reporting; the movement of U.S. and foreign currency exchange rates; Welltowers ability to maintain Welltowers qualification as a REIT; key management personnel recruitment and retention; the impact of our senior leadership transition; and other risks described in Welltowers reports filed from time to time with the SEC. Welltower Appoints Shankh Mitra Chief Executive Officer, Healthcare Apprenticeship Expansion Program. Mr. Mitra received an MBA fromColumbia Business Schoolspecializing in Applied Value Investing and a bachelors degree in Engineering from Jadavpur University. Additional information about Public Storage is available on the Companys website at PublicStorage.com. Mr. Bacon is a member of the Board of Directors of Comcast Corporation having previously served as Lead Independent Director and Ally Financial Inc. Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. Welltower is in a very strong position today and has a bright future. The company also announced thatKenneth J. Bacon, who has been serving as an independent director on the board since 2016, has been named chairman. Todays appointments underscore the Companys commitment to continually enhancing its corporate governance, and Im honored to contribute my skills and experience to furthering Public Storages winning culture as a driver of value creation.. TOLEDO, OhioWelltower Inc. (NYSE:WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. 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. Shankh Mitra is 39, he's been the Chief Executive Officer, Chief Investment Officer, and Director of Welltower since 2020. He also held senior analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. Mr. Mitra will retain his CIO title and continue to lead Welltower's data analytics-driven capital allocation and operator relationships. Bachelor of Engineering (Electronics Engineering), If you're not automatically redirected, please click here. from Yale Law School. Forward-Looking Statements and Risk Factors. degree from the London School of Economic and Political Science, and a bachelor's degree in Anthropology from Stanford University. https://www.businesswire.com/news/home/20201213005046/en/. Eight of the companies are still active while the remaining sixteen are now listed as inactive. View Bio. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. Executive Vice President - General Counsel & Corporate Secretary . I would also like to thank Uri, Wayne, and Matt McQueen. For a woman, a religious, devoted wife, wealthy, all comforts of . There are 14 older and 2 younger executives at Welltower. Estate. in the server error log. No credit card required. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause Welltowers actual results to differ materially from Welltowers expectations discussed in the forward-looking statements. 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 worlds largest health and wellness real estate platform. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mr. Williams received an undergraduate degree, cum laude, from Harvard University and a J.D. View source version on businesswire.com: Shankh Mitra, David Neithercut, and Paul Williams Bring Significant Financial, Real Estate Investing, and Corporate Governance Expertise and Leadership Experience Public Storage (NYSE:PSA) announced today the appointment of three new members to its Board of Trustees, effective January 1, 2021, including: Shankh Mitra, Chief Executive Officer, Chief Investment Officer and director of Welltower . He was a visionary who saw the need of integrating senior housing into the healthcare continuum years before COVID, and now we all know the importance of that today and going forward, he said. I look forward to working with Shankh, David, Paul and the entire Board to achieve these objectives as we continue to create long-term value for Public Storage shareholders., Mr. Mitra said, Public Storage has built a nationally recognized brand and unmatched scale in the self-storage industry. Mr. Mitra earned an MBA in Applied Value Investing with Deans List honors from Columbia Business School (CBS) and holds a bachelors degree in engineering from Jadavpur University. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. Click here to register for our FREE healthcare real estate and/or life sciences real estate e-newsletters. Mitra will retain his CIO title and continue to lead Welltowers data analytics-driven capital allocation and operator relationships. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. DeRosa is stepping down as Chairman and CEO after leading Welltower . The full content of this article is only available to paid subscribers. WELLTOWER INC. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 2020 Public Storage. 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. Shankh is deeply passionate about capital allocation, the mentoring of early career professionals and predictive analytics in the area of statistical learning and machine learning. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. Welltower Appoints Shankh Mitra Chief Executive Officer. He is on the Board of Directors at Public Storage, Welltower, Inc., ProMedica Health Systems, Inc. and HCR ManorCare, Inc. Mr. Mitra was previously employed as a Portfolio Manager by Millennium Management, Inc. and an Analyst by Pyramis Global Advisors LLC. Prior to joining Equity Residential, Mr. Neithercut served as Senior Vice President of Finance for Equity Group Investments. A Date On Wheels - Shankha Mitra - YouTube Raghav Belavadi and Shankha Mitra jump in the car and head out to beat the stress in their new Ferrari 488 GTB. Alexandria, VA 22314 Mr. Williams is a member of the Economic Club of Chicago. 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. Mr. Bacon received an MBA fromHarvard Business School, a Master of Science (M.Sc.) 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. For more information, visitwww.welltower.com. The most active insiders traders include Timothy J Naughton, R Scott Trumbull, and Philip L Hawkins. Dan for their years of service as Trustees of Public Storage. Tim McHugh. The REIT also reported that 96% of its communities are accepting new residents. Mr. Mitra, who has been serving as Vice Chair, Chief Operating Officer and Chief Investment Officer, succeedsThomas J. DeRosa, who is stepping down as Chairman and CEO after leading Welltower for more than six years. Sign up for a free account. Mr. Mitra owns over 1,666 units of Welltower stock worth over $467,943 and over the last 5 years he sold WELL stock worth over $0. Forward-Looking Statements and Risk Factors. Public Storage and Elliott Associates, L.P. (Elliott) have had constructive discussions in recent weeks. Chief Executive Officer & Chief Investment Officer. 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. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. The properties continue to be managed by Northbridge. Possible related people for Shankha Mitra include Rishika Elizabeth Kammerman, Deirdre Durbin Mitra, Devi Mitra, Shomya Graham Mitra, Shyamali Mitra. Occupancy in Welltowers total seniors housing operating portfolio declined 150 basis points in the third quarter, or 30 basis points through Oct 23. Mr. Mitra received an MBA from Columbia Business School specializing in Applied Value Investing and a bachelor's degree in Engineering from Jadavpur University. The experience of accelerated move-ins and the pace of move-ins tells you customers need our product, Mitra said. Mr. Mitra served as Welltowers Senior Vice President - Finance & Investments from January 2016 to January 2018. Chief Executive Officer & Chief Investment Officer. No credit card required. He was Executive Vice PresidentCorporate Strategy of the Company from January 2004 to May 2005, and Executive Vice President and Chief Financial Officer of the Company from February 1995 to August 2004. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. Mr. Mitra served as Welltowers Senior Vice President - Investments from January 2018 to August 2018. Shankh Mitra is currently Director, Chief Executive Officer and Chief Investment Officer at Welltower - View - Welltower org chart Shankh Mitra Biography. Coronavirus Tips Working and Protection. Mr. Bacon received an MBA from Harvard Business School, a Master of Science (M.Sc.) He received his undergraduate degree from Jadavpur University and an MBA from Columbia Business School. Get updates on the latest news impacting senior living through our Argentum Daily newsletter. Over the past five years, Shankhs investing and operational acumen, complemented by the significant efforts ofTim McHugh,Matt McQueenand a deep bench of senior leaders at Welltower, have put the company in a position of strength. Mr. Mitra received an M.B.A. from Columbia Business School specializing in Applied Value Investing and a bachelor's degree in Engineering from Jadavpur University. TOLEDO, Ohio,Oct. 5, 2020/PRNewswire/ Welltower Inc. (NYSE:WELL) today announced that Shankh Mitra has been appointed Chief Executive Officer and will join the Board of Directors, effectiveOctober 5, 2020. More information about this error may be available Welltower Inc. (NYSE: WELL) has announced that it has named Shankh Mitra as Chief Executive Officer and he also joined the Board of Directors. Shankh has made over 9 trades of the Welltower stock since 2018, according to the Form 4 filled with the SEC. He currently serves on the board of trustees of ProMedica Health System as well as ProMedica Senior Care (formerly HCR ManorCare). 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. On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. Mitra who has been serving as Vice Chair, Chief Operating Officer, and Chief Investment Officer is succeeding Thomas J. DeRosa. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. There is no executive better suited to lead Welltower at this critical juncture. As a veteran of the REIT space, I recognize the strength of Public Storages business and financial foundation, as well as the talent of the management team and Board. Shankh Mitra Biography 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. Shankh Mitra Biography 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. This information is according to proxy statements filed for the 2021 fiscal year. There are no executives at Welltower getting paid more. We have created something unique at Welltower, and as a result, have become the leading health and wellness real estate platform. 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. 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. With deep real estate investing experience, corporate governance expertise, and proven track records as public company leaders and board members, they will bring valuable perspectives and skillsets that complement those of our current Trustees. Mr. Bacon has served as RailFields managing partner since his retirement from the Federal National Mortgage Association (Fannie Mae) inMarch 2012. Mr. Mitra will retain his CIO title and continue to lead Welltowers data analytics-driven capital allocation and operator relationships. Bacon has served as RailFields managing partner since his retirement from the Federal National Mortgage Association (Fannie Mae) inMarch 2012. Storage Blog, Commercial Real We have created something unique at Welltower, and as a result, have become the leading health and wellness real estate platform. You can see the complete history of Mr. Mitra stock trades at the bottom of the page. Welltower operators expect to receive about $45 million in CARES Act Provider Relief Funds in the fourth quarter after HHS expanded eligibility of funding to assisted living communities. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. Welltower Inc., an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Mr. Mitra is the Chief Executive Officer and Chief Investment Officer of Welltower Inc., and serves on the Companys Board of Directors. shankh mitra wifethirteen days cast Posted by on December 20, 2021 (In this Subhashita author by the use of a Simile, friendship with . 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. Since joining Welltower in 2016, he has also served as Senior Vice President, Finance, Senior Vice President, Investments, Executive Vice President, Vice Chairman, and Chief Operating Officer before assuming his current role. The company expects spot occupancy to decline 75 to 125 basis points in the fourth quarter, relative to Sept. 30. Shankh Mitra has been associated with twenty-four companies, according to public records. He also held Senior Analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. Shankh Mitra is Chief Executive Officer and Chief Investment Officer of Welltower Inc. and leads the Company's investments, structuring, development, predictive analytics, and asset management efforts. I'm truly excited for Welltower's future and will be cheering for the Company's continued success in the years to come.". (703) 894-1805. error was encountered while trying to use an ErrorDocument to handle the request. webmaster@goodearthhempcompany.themarketgarden.com to inform them of the time this error occurred, Welltower will continue to strive to be the premier wellness infrastructure company that allocates capital in the path of growth of healthcare and wellness trends., Mitra, who was appointed CEO and to the companys board of directors effective Oct. 5, described his predecessor, Thomas J. DeRosa, as a close friend and mentor and a visionary.. During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trusts strategy will not change. Bacon joined Welltowers board of directors in 2016. 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. "Welltower will continue to strive to be the premier wellness infrastructure company that allocates capital in the path of . He is a member of the board of directors of Comcast Corporation, having previously served as lead independent director, and of Ally Financial Inc.
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