Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. 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. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. Regarding sales in the quarter, in September, Welltower sold an 11-property senior housing portfolio in California, Washington and Nevada for $792 million. The Company also announced thatKenneth J. Bacon, who has been serving as an Independent Director on the Board since 2016, has been named Chairman. https://www.businesswire.com/news/home/20201213005046/en/. and the actions you performed just before this error. 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. 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. Mitra said Welltower has more than $1 billion of acquisitions in its pipeline and that they represent a wide range of transactions. 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. 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. 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. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. 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. View source version on businesswire.com: 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. There is no executive better suited to lead Welltower at this critical juncture. 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 was from Morocco and first went to Mecca at the age on 21 in 1335. TOLEDO, OhioWelltower Inc. (NYSE:WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. He is the retired Vice President, Chief Legal Officer and Corporate Secretary of Cardinal Health, Inc. and served as Managing Director of Allegis Partners and as a Partner and Managing Director of Major, Lindsey & Africa, LLC, an executive recruiting firm, from 2005 until his retirement in 2018. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Executive Vice President - General Counsel & Corporate Secretary . Mr. Williams is a seasoned public and private company director with extensive corporate governance expertise and currently serves as President of the National Association of Corporate Directors (NACD) Chicago Chapter. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. 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 Board is pleased to appoint Shankh as CEO, continued Donahue. Shankh Mitra joined Welltower in 2016. After the end of the quarter, in October, the company closed in the first tranche, including 11 properties, for $90 million. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Salary: $1,000,039: Bonus: $0: Value of Stock Awards: $5,999,991: Value of Option Awards: $1,500,088: Non-Equity Incentive Plan Compensation: $3,920,000: Change in . "Welltower will continue to strive to be the premier wellness infrastructure company that allocates capital in the path of . As Chief Executive Officer & Chief Investment Officer at WELLTOWER INC., Shankh Mitra made $12,753,710 in total compensation. 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. In todays environment, innovation and efficiency are more important than ever, and I strongly believe Public Storage is well-positioned to leverage these competitive advantages to capture the opportunities ahead. These forward-looking statements speak only as of the date of this press release. These forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results and performance to be materially different from those expressed or implied 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. 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. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. 555 W Middlefield Rd, Mountain View, CA 94043 is Shankha's old address. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trusts strategy will not change. The company expects spot occupancy to decline 75 to 125 basis points in the fourth quarter, relative to Sept. 30. The exception right now, he said, is in independent living, where he said people are taking their time to make a decision. Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States. Shankh Mitra serves as Chief Executive Officer, Chief Investment Officer, Director of the Company. Mr. Neithercut received an M.B.A. from the Columbia University Graduate School of Business. 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. Mr. Mitra began his career at PricewaterhouseCoopers. 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. Possible related people for Shankha Mitra include Rishika Elizabeth Kammerman, Deirdre Durbin Mitra, Devi Mitra, Shomya Graham Mitra, Shyamali Mitra. In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. He was a Senior Analyst at Citadel Investment Group and Fidelity Investments and began his career at PricewaterhouseCoopers where he served several global clients. We have created something unique at Welltower, and as a result, have become the leading health and wellness real estate platform. Eight of the companies are still active while the remaining sixteen are now listed as inactive. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. shankh mitra wifethirteen days cast Posted by on December 20, 2021 (In this Subhashita author by the use of a Simile, friendship with . 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. 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. The only carbon fibre supercar in. Mr. Bacon joined Welltowers Board of Directors in 2016. 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. 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. from Yale Law School. 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. The information shown here is a reporting of information included in the company's proxy statement. As of October 5, 2020, near-term liquidity totaled $5.3 billion. 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. 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. For more information, visitwelltower.com. On average, Welltower executives and independent directors trade stock every 37 days with the average trade being worth of $584,264. I look forward to bringing my expertise to the Board to help advance Public Storages strategic initiatives and drive value for its shareholders, employees and loyal customers.. GLENDALE, Calif.--(BUSINESS WIRE)-- Request an invite to Revere to access this complete profile and connect with 500+ development firms today. Public Storage Appoints Three New Independent Trustees, https://www.businesswire.com/news/home/20201213005046/en/, Business 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. degree from the London School of Economic and Political Science, and a bachelor's degree in Anthropology from Stanford University. Mr. Mitra owns over 1,666 units of Welltower stock worth over $485,747 and over the last 5 years he sold WELL stock worth over $0. He currently serves on the board of trustees of ProMedica Health System as well as ProMedica Senior Care (formerly HCR ManorCare). This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. 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. He is a member of the board of directors of Comcast Corporation, having previously served as lead independent director, and of Ally Financial Inc. He also held senior analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. On average, Shankh trades about 1,651 units every 36 days since 2017. Get contact details including emails and phone numbers 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. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. 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. Mr. Mitra will retain his CIO title and continue to lead Welltowers data analytics-driven capital allocation and operator relationships. An associated email address for Shankha is l*****@sbcglobal.net. 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. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. . Storage Blog, Commercial Real Welltower is in a very strong position today and has a bright future. During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trust's strategy will not change. Shankha Mitra is 55 years old, and lives in NM. He also served as a Senior Analyst at Citadel Investment Group and Fidelity Investments. your request. Get updates on the latest news impacting senior living through our Argentum Daily newsletter. misconfiguration and was unable to complete I'm truly excited for Welltower's future and will be cheering for the Company's continued success in the years to come.". 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. to register for our FREE healthcare real estate and/or life sciences real estate e-newsletters. 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. Since the start of the pandemic, Shankh's unyielding focus on portfolio performance and optimization has never been more evident. "The answer to that question is an emphatic no," he told analysts. Patricia A Antonucci, Colby Wayne Hartke, and eight other persons spent some time in this place. Occupancy in Welltowers total seniors housing operating portfolio declined 150 basis points in the third quarter, or 30 basis points through Oct 23. 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. , shankh mitra wife 30 basis points in the third quarter, or 30 basis through... 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