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. Cision Distribution 888-776-0942 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. 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. "Welltower will continue to strive to be the premier wellness infrastructure company that allocates capital in the path of . Sunnyvale, CA and San Carlos, CA belong to the nine cities where Shankha has lived. 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. 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. Storage Blog, Commercial Real The largest trade he's ever made was exercising 25,444 units of Welltower stock on 15 February 2022 worth over $1,714,671. The oldest executive at Welltower Inc. is JeffreyDonahue, 73, who is the Lead Independent Director. 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. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. WELLTOWER INC. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. "The answer to that question is an emphatic no," he told analysts. million verified professionals across 35 million companies. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Shankh Mitra - Chief Executive Officer John Burkart - Chief Operating Officer Tim McHugh - Chief Financial Officer Conference Call Participants Vikram Malhotra - Mizuho Steve Sakwa - Evercore. Up to 5 Prior to forming RailField, he spent 19 years at Fannie Mae, most recently serving as the executive vice president of the multifamily mortgage business fromJuly 2005toMarch 2012. When typing in this field, a list of search results will appear and be automatically updated as you type. Chief Executive Officer @ Welltower Inc. (NYSE:WELL). 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. Mr. Mitra received an MBA from Columbia Business School specializing in Applied Value Investing and a bachelor's degree in Engineering from Jadavpur University. 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. 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. No credit card required. ", 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. 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. Shankh Mitra is 39, he's been the Chief Executive Officer, Chief Investment Officer, and Director of Welltower since 2020. There are no executives at Welltower getting paid more. 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. 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. On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. Forward-Looking Statements and Risk Factors. Mr. Bacon received an MBA from Harvard Business School, a Master of Science (M.Sc.) You may also find the annual proxy statement by going directly to the company's website. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Chief Executive Officer & Chief Investment Officer. shankh mitra wifethirteen days cast Posted by on December 20, 2021 (In this Subhashita author by the use of a Simile, friendship with . The chart on this page features a breakdown of the total annual pay for Shankh Mitra, Chief Executive Officer & Chief Investment Officer at WELLTOWER INC. as reported in their proxy statements. 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. Your use of this website constitutes acceptance of Haymarket MediasPrivacy PolicyandTerms & Conditions. 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. 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. from 8 AM - 9 PM ET. 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. Mr. Williams is a member of the Economic Club of Chicago. 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. Storage, Public 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. We believe we are making a real impact and anticipate creating exceptional value, Mitra said. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. 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. 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. Find contact details for 700 million professionals. webmaster@goodearthhempcompany.themarketgarden.com to inform them of the time this error occurred, 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. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. These forward-looking statements speak only as of the date of this press release. free lookups / month. Mitra, who has been serving as vice chair, COO and chief investment officer, succeedsThomas J. DeRosa, who is stepping down as chairman and CEO after leading Welltower for more than six years. After the end of the quarter, in October, the company closed in the first tranche, including 11 properties, for $90 million. Mr. Bacon has served as RailField's managing partner since his retirement from the Federal National Mortgage Association ("Fannie Mae") in March 2012. 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. 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. 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.. Copyright Wolf Marketing & Media LLC 2002-2023 Healthcare Real Estate Insights. He was from Morocco and first went to Mecca at the age on 21 in 1335. For more information, visitwww.welltower.com. 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.. 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