Regarding sales in the quarter, in September, Welltower sold an 11-property senior housing portfolio in California, Washington and Nevada for $792 million. Lead Independent DirectorJeffrey H. Donahuesaid, Tom and I have known each other for years and he has always been an extremely capable executive. Estate. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. For more information, visitwww.welltower.com. Mitra promised more personnel announcements. Figured I'd Blogs - Speaking Tree Rudra Centre presents Divine Rudraksha Rings in Pure Silver, with separate elegant designs for Men and Women. He also held Senior Analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. 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. 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. 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. Mitra received an MBA fromColumbia Business Schoolspecializing in applied value investing and a bachelors degree in engineering from Jadavpur University. Storage Blog, Commercial Real This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high growth markets inthe United States,Canada,and theUnited Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. In April, we elevated Shankh to the roles of vice chair and COO with the intent that he would ultimately succeed Tom as CEO. 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. DeRosa is stepping down as Chairman and CEO after leading Welltower . Im truly excited for Welltowers future and will be cheering for the Companys continued success in the years to come.. We not only see this environment as an opportunity for our smart capital allocation in the financial realm, but also in the human capital area. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. 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. Neithercut said, I have long respected Public Storages leadership in both the self-storage sector and real estate generally. Additionally, a 500 Internal Server Error Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. 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 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. 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. 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. He currently serves on the board of trustees of ProMedica Health System as well as ProMedica Senior Care (formerly HCR ManorCare). More information about this error may be available SHANKH MITRA is Chief Executive Officer, Chief Investment Officer, Director of Welltower. Chief Executive Officer @ Welltower Inc. (NYSE:WELL). The server encountered an internal error or The exception right now, he said, is in independent living, where he said people are taking their time to make a decision. 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. 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. Those expenses were related to higher labor costs and spending on personal protective equipment and other supplies. 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. Mr. Bacon is a member of the Board of Directors of Comcast Corporation having previously served as Lead Independent Director and Ally Financial Inc. Get updates on the latest news impacting senior living through our Argentum Daily newsletter. 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. During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trusts strategy will not change. 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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. shankh mitra wife. 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. Mitra has also served as senior vice president, finance, and then as senior vice president, investments, before assuming his most recent roles. 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. webmaster@goodearthhempcompany.themarketgarden.com to inform them of the time this error occurred, The oldest executive at Welltower Inc. is JeffreyDonahue, 73, who is the Lead Independent Director. I would also like to thank Uri, Wayne, and Chief Executive Officer & Chief Investment Officer. free lookups / month. 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. Sunnyvale, CA and San Carlos, CA belong to the nine cities where Shankha has lived. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Our need-based product will likely see meaningful traction and demand.. 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. The properties continue to be managed by Northbridge. Welltower is in a very strong position today and has a bright future. After the end of the quarter, in October, the company closed in the first tranche, including 11 properties, for $90 million. 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. All rights reserved. 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 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. Occupancy in Welltowers total seniors housing operating portfolio declined 150 basis points in the third quarter, or 30 basis points through Oct 23. View Bio. As the Chief Executive Officer, Chief Investment Officer, and Director of Welltower, the total compensation of Shankh Mitra at Welltower is $5,728,140. and the actions you performed just before this error. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. 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. 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. from 8 AM - 9 PM ET. Mr. Mitra served as Welltowers Senior Vice President - Finance & Investments from January 2016 to January 2018. 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. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. John Burkart. Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States. Coronavirus Tips Working and Protection. million verified professionals across 35 million companies. On behalf of the entire board of directors, I want to sincerely thank Tom for his lasting contributions to the company. to register for our FREE healthcare real estate and/or life sciences real estate e-newsletters. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. The Company also announced thatKenneth J. Bacon, who has been serving as an Independent Director on the Board since 2016, has been named Chairman. He also held Senior Analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. Cision Distribution 888-776-0942 Shankh Mitra serves as Chief Executive Officer, Chief Investment Officer, Director of the Company. He is a frequent speaker on investment topics and a regular contributor to leadership, health care, value investing, real estate, career, and alumni affairs at Columbia. He also served as a Senior Analyst at Citadel Investment Group and Fidelity Investments. 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. 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. your request. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. Your use of this website constitutes acceptance of Haymarket MediasPrivacy PolicyandTerms & Conditions. Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. The REIT also reported that 96% of its communities are accepting new residents. 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. 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 . 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. Click here to register for our FREE healthcare real estate and/or life sciences real estate e-newsletters. He serves on the MBA Real Estate Program Advisory Board at Columbia University and as a trustee of Americold Realty Trust (NYSE:COLD). We Found 1 Results For Shankha Mitra. Our headquarters are located in Glendale, California. 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 will retain his CIO title and continue to lead Welltower's data analytics-driven capital allocation and operator relationships. error was encountered while trying to use an ErrorDocument to handle the request. 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 press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. 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. Shankh Mitra Overview. Possible related people for Shankha Mitra include Rishika Elizabeth Kammerman, Deirdre Durbin Mitra, Devi Mitra, Shomya Graham Mitra, Shyamali Mitra. {{ userNotificationState.getAlertCount('bell') }}. 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