In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. Storage Blog, Commercial Real 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. 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. 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. 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. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Eight of the companies are still active while the remaining sixteen are now listed as inactive. 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 From July 2013 to December 2015, Mr. Mitra served as Portfolio Manager, Real Estate Securities at Millennium Management. Mr. Mitra is the Chief Executive Officer and Chief Investment Officer of Welltower Inc., and serves on the Companys Board of Directors. Mr. Williams previously served on the boards of directors of State Auto Financial Corporation, Bob Evans Farms, Inc., and Essendant, Inc. (f/k/a United Stationers Inc.). The information shown here is a reporting of information included in the company's proxy statement. Public Storage and Elliott Associates, L.P. (Elliott) have had constructive discussions in recent weeks. On record we show 3 phone numbers associated . This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. ", 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. 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. 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. 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. He also held senior analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. Mitra said Welltower has more than $1 billion of acquisitions in its pipeline and that they represent a wide range of transactions. Shankh Mitra joined Welltower in 2016. 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. Im truly excited for Welltowers future and will be cheering for the Companys continued success in the years to come.. Please contact the server administrator at Copyright Wolf Marketing & Media LLC 2002-2023 Healthcare Real Estate Insights. 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. 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. 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. 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. Public Storage Appoints Three New Independent Trustees, https://www.businesswire.com/news/home/20201213005046/en/, Business 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. shankh mitra wife. free lookups / month. Prior to joining Welltower, Mr. Mitra served as 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. With the addition of Shankh, David, and Paul, the Company has added five independent Trustees in the past 18 months. 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. The estimated Net Worth of Shankh Mitra is at least $6.21 Million dollars as of 26 April 2022. Mitra promised more personnel announcements. 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.. Shankh Mitra - Chief Executive Officer John Burkart - Chief Operating Officer Tim McHugh - Chief Financial Officer Conference Call Participants Vikram Malhotra - Mizuho Steve Sakwa - Evercore. "The Board is pleased to appoint Shankh as CEO," continued Donahue. For more information, visitwww.welltower.com. The properties continue to be managed by Northbridge. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Shankha is a resident of 13637 Sheila Lynn Crt, Dade City, FL 33525-4514. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. "While COVID-19 has presented us with many challenges, the past six months have underscored Welltower's core value proposition: to serve as a strategic, nimble and creative capital allocator by leveraging our operator relationships and data platform. in the server error log. Shankh has made over 9 trades of the Welltower stock since 2018, according to the Form 4 filled with the SEC. Possible related people for Shankha Mitra include Rishika Elizabeth Kammerman, Deirdre Durbin Mitra, Devi Mitra, Shomya Graham Mitra, Shyamali Mitra. shankh mitra wifethirteen days cast Posted by on December 20, 2021 (In this Subhashita author by the use of a Simile, friendship with . 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. Or to subscribe to the monthly HREI magazine for even more comprehensive news and analysis, please click here. 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. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. Shankha Mitra is 55 years old, and lives in NM. Shankh Mitra Biography. The estimated Net Worth of Shankh Mitra is at least $6.2 Million dollars as of 26 April 2022. The oldest executive at Welltower Inc. is JeffreyDonahue, 73, who is the Lead Independent Director. More information about this error may be available 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 of Forest City Realty Trust, Inc., until its acquisition byBrookfieldin 2018. Shankh Mitra is Chief Executive Officer and Chief Investment Officer of Welltower Inc. and leads the Companys investments, structuring, development, predictive analytics, and asset management efforts. The most active insiders traders include Timothy J Naughton, R Scott Trumbull, and Philip L Hawkins. Welltowers COVID-19 expenses were about $17 million for the third quarter and $61 million for the year as of Sept. 30. Tim McHugh. The server encountered an internal error or Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States. 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. Our need-based product will likely see meaningful traction and demand.. 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.. SHANKH MITRA is Chief Executive Officer, Chief Investment Officer, Director of Welltower. Matt McQueen. Bachelor of Engineering (Electronics Engineering), If you're not automatically redirected, please click here. 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. 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. As Chief Executive Officer & Chief Investment Officer at WELLTOWER INC., Shankh Mitra made $12,753,710 in total compensation. Mr. Mitra began his career at PricewaterhouseCoopers. Lead Independent Director Jeffrey H. Donahue said, "Tom and I have known each other for years and he has always been an extremely capable executive. document.addEventListener( 'DOMContentLoaded', function () {const newsletterAsset = new HMIRegistration({ publicationId: 47, pubName: "McKnight's Senior Living", view: 'newsletter-asset', bootstrap: document.getElementById('newsletter-asset'), formType : "user-initiated",pubType: "business"});newsletterAsset.mount();}); Please login or register first to view this content. Since the start of the pandemic, Shankh's unyielding focus on portfolio performance and optimization has never been more evident. 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. Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. Executive Vice President - General Counsel & Corporate Secretary . 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. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. . 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. Mitra who has been serving as Vice Chair, Chief Operating Officer, and Chief Investment Officer is succeeding Thomas J. DeRosa. WELLTOWER INC. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Factors and risks that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the SEC) on February 25, 2020 and in our other filings with the SEC including: general risks associated with the ownership and operation of real estate, including changes in demand, risk related to development, expansion and acquisition of self-storage facilities, potential liability for environmental contamination, natural disasters and adverse changes in laws and regulations governing property tax, real estate and zoning; risks associated with downturns in the national and local economies in the markets in which we operate, including risks related to current economic conditions and the economic health of our customers; risks associated with the COVID Pandemic or similar events, including but not limited to illness or death of our employees or customers, negative impacts to the economic environment and to self-storage customers which could reduce the demand for self-storage or reduce our ability to collect rent, and/or potential regulatory actions to (i) close our facilities if we were determined not to be an essential business or for other reasons, (ii) limit our ability to increase rent or otherwise limit the rent we can charge or (iii) limit our ability to collect rent or evict delinquent tenants; risk that even after the initial restrictions due to the COVID Pandemic ease, they could be reinstituted in case of future waves of infection or if additional pandemics occur; risk that we could experience a change in the move-out patterns of our long-term customers due to economic uncertainty and the significant increase in unemployment in the last 30 days. Up to 5 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 also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. 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. Your use of this website constitutes acceptance of Haymarket MediasPrivacy PolicyandTerms & Conditions. 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. Mitra will retain his CIO title and continue to lead Welltowers data analytics-driven capital allocation and operator relationships. John Burkart. 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. In connection with those discussions, Elliott confidentially submitted, before the nomination deadline of December 12, 2020, the names of six nominees for election to the Public Storage Board of Trustees. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. 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. 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. Forward-Looking Statements and Risk Factors. degree from the London School of Economic and Political Science, and a bachelors degree in Anthropology fromStanford University. 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. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. 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. 1650 King Street, Suite 602 He was from Morocco and first went to Mecca at the age on 21 in 1335. Cision Distribution 888-776-0942 The REIT also reported that 96% of its communities are accepting new residents. Mr. Williams is a member of the Economic Club of Chicago. shankh mitra wife . 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. "Over the past five years, Shankh's investing and operational acumen, complemented by the significant efforts of Tim McHugh, Matt McQueen and a deep bench of senior leaders at Welltower, have put the Company in a position of strength. Mr. Bacon received an MBA from Harvard Business School, a Master of Science (M.Sc.) With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders. 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. Lead Independent DirectorJeffrey H. Donahuesaid, Tom and I have known each other for years and he has always been an extremely capable executive. 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. The communities will be operated by StoryPoint Senior Living under a new triple-net master lease. 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. Shankh has made over 9 trades of the Welltower stock since 2018, according to the Form 4 filled with the SEC. According to this definition women are the form of shakti and they are playing different roles in a man's life. Shankh Mitra is 39, he's been the Chief Executive Officer, Chief Investment Officer, and Director of Welltower since 2020. He is a member of the board of directors of Comcast Corporation, having previously served as lead independent director, and of Ally Financial Inc. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. "The answer to that question is an emphatic no," he told analysts. 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. 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. 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. Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. After the end of the quarter, in October, the company closed in the first tranche, including 11 properties, for $90 million. 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. In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. On behalf of the entire board of directors, I want to sincerely thank Tom for his lasting contributions to the company. Over the past two decades, these retiring Trustees have helped shepherd Public Storage to truly extraordinary growth while maintaining financial discipline and an incredibly strong balance sheet. 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. To subscribe, please click here: SUBSCRIBE, Posted in Breaking News, Companies & People, REIT Report. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. McHugh mentioned the transition of five of the planned nine properties from Capital Senior Living to StoryPoint Senior Living as part of the first phase of an agreement with Capital Senior Living. WELLTOWER INC. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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.
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