Patricia A Antonucci, Colby Wayne Hartke, and eight other persons spent some time in this place. I would like to thank our Nominating/Corporate Governance Committee for its continued work and diligence, and I am confident these new Trustees are the right additions to our Board. 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. 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. Additionally, a 500 Internal Server Error Matt McQueen. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. The estimated Net Worth of Shankh Mitra is at least $6.2 Million dollars as of 26 April 2022. 555 W Middlefield Rd, Mountain View, CA 94043 is Shankha's old address. 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. Welltower is in a very strong position today and has a bright future. TOLEDO, OhioWelltower Inc. (NYSE:WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. For more information, visit www.welltower.com. Chief Executive Officer @ Welltower Inc. (NYSE:WELL). Last updated: 5 January 2023 at 5:03pm EST. 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. You may also find the annual proxy statement by going directly to the company's website. Shankh has made over 9 trades of the Welltower stock since 2018, according to the Form 4 filled with the SEC. The exception right now, he said, is in independent living, where he said people are taking their time to make a decision. There is no executive better suited to lead Welltower at this critical juncture. We have created something unique at Welltower, and as a result, have become the leading health and wellness real estate platform. We wish them all the best in their future endeavors., The Public Storage Board continuously reviews our Board composition to ensure that we are aligned with the interests of our stakeholders, and todays announcement follows engagement and input from our shareholders, added Mr. Havner. Welltowers COVID-19 expenses were about $17 million for the third quarter and $61 million for the year as of Sept. 30. 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, effective October 5, 2020. 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. Prior to joining Welltower, Mr. Mitra was a Portfolio Manager, 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. {{ userNotificationState.getAlertCount('bell') }}. Shankh Mitra Overview. Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. He joined Welltower in 2016 as Senior Vice President, Finance, and served as Senior Vice President, Investments, Executive Vice President, Vice Chairman, and Chief Operating Officer before assuming his current role. Lead Independent DirectorJeffrey H. Donahuesaid, Tom and I have known each other for years and he has always been an extremely capable executive. 2020 Public Storage. Welltower Announces Initial Closing of Real Estate Joint Venture Welltower to Participate in Nareit's REITworld 2022 Annual 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. 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. "Welltower will continue to strive to be the premier wellness infrastructure company that allocates capital in the path of . degree from the London School of Economic and Political Science, and a bachelors degree in Anthropology fromStanford University. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. Request an invite to Revere to access this complete profile and connect with 500+ development firms today. Welltower is in a very strong position today and has a bright future., 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. Executive Vice President - Chief Financial Officer. 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. He also held Senior Analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. ", 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. The only carbon fibre supercar in. ", Mr. 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. On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. The full content of this article is only available to paid subscribers. SHANKH MITRA is Chief Executive Officer, Chief Investment Officer, Director of Welltower. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments . 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. Alexandria, VA 22314 During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trusts strategy will not change. No credit card required. With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders., Mr. 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. After the end of the quarter, in October, the company closed in the first tranche, including 11 properties, for $90 million. Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States. The largest trade he's ever made was exercising 25,444 units of Welltower stock on 15 February 2022 worth over $1,714,671. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Further, these highly-qualified new Trustees bring diverse backgrounds and experiences, and they have a demonstrated focus on sustainable value-creation, which will support the Boards and managements strategy to promote the long-term resilience of our business and enhance shareholder value. shankh mitra wifethirteen days cast Posted by on December 20, 2021 (In this Subhashita author by the use of a Simile, friendship with . 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. Shankh Mitra is 39, he's been the Chief Executive Officer, Chief Investment Officer, and Director of Welltower since 2020. free lookups / month. The company also announced thatKenneth J. Bacon, who has been serving as an independent director on the board since 2016, has been named chairman. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. As Chief Executive Officer & Chief Investment Officer at WELLTOWER INC., Shankh Mitra made $12,753,710 in total compensation. 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. There are no executives at Welltower getting paid more. 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. Executive Vice President - Chief Operating Officer. 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. Williams received an undergraduate degree, cum laude, from Harvard University and a J.D. WELLTOWER INC. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. million verified professionals across 35 million companies. Public Storage Appoints Three New Independent Trustees, https://www.businesswire.com/news/home/20201213005046/en/, Business Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. There is no executive better suited to lead Welltower at this critical juncture. 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. 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. 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. Chief Executive Officer & Chief Investment Officer. Shankha is a resident of 13637 Sheila Lynn Crt, Dade City, FL 33525-4514. Find contact details for 700 million professionals. Mr. Bacon has served as RailField's managing partner since his retirement from the Federal National Mortgage Association ("Fannie Mae") in March 2012. Public Storage and Elliott Associates, L.P. (Elliott) have had constructive discussions in recent weeks. Mr. Williams has served as a member of the board of directors of Compass Minerals International, Inc. (NYSE: CMP) since 2009 and has served on the board of directors of several funds in the American Funds mutual fund family (part of Capital Group) since early 2020. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. Shankh Mitra has been promoted to CEO of Welltower and will join the company's board of directors effective immediately, the real estate investment trust announced late Monday.. 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. Since the start of the pandemic, Shankh's unyielding focus on portfolio performance and optimization has never been more evident. An associated email address for Shankha is l*****@sbcglobal.net. With the addition of Shankh, David, and Paul, the Company has added five independent Trustees in the past 18 months. From July 2013 to December 2015, Mr. Mitra served as Portfolio Manager, Real Estate Securities at Millennium Management. shankh mitra wife. We have the utmost confidence in Shankhs 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.. Mr. Bacon received an MBA from Harvard Business School, a Master of Science (M.Sc.) 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. Shankh Mitra serves as Chief Executive Officer, Chief Investment Officer, Director of the Company. Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. To subscribe, please click here: SUBSCRIBE, Posted in Breaking News, Companies & People, REIT Report. and the actions you performed just before this error. error was encountered while trying to use an ErrorDocument to handle the request. The information shown here is a reporting of information included in the company's proxy statement. This information is according to proxy statements filed for the 2021 fiscal year. Get contact details including emails and phone numbers When Welltower uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "pro forma," "estimate" or similar expressions that do not relate solely to historical matters, Welltower is making forward-looking statements. Welltower executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. This report is not for commercial use. 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. The server encountered an internal error or 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. 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. . 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. Shankh and I have worked shoulder-to-shoulder over the last five years and I have witnessed his strong leadership, relentless focus on organizational efficiency and unparalleled approach to capital allocation. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. We are encouraged by the relative stabilization of our operating performance and incredibly excited about the opportunity to deploy capital in attractive investment opportunities. After careful thought and consideration of the Company's 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. Revere is an invite-only digital network for commercial real estate professionals looking to buy or sell a building, finance a project, and expand their network. TOLEDO, Ohio, Oct. 5, 2020 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today announced that Shankh Mitra has been appointed Chief Executive Office. 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. Mr. Bacon received an MBA fromHarvard Business School, a Master of Science (M.Sc.) Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. 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. in the server error log. 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. Our need-based product will likely see meaningful traction and demand.. 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. He currently serves on the board of trustees of ProMedica Health System as well as ProMedica Senior Care (formerly HCR ManorCare). 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. 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