From July 2013 to December 2015, Mr. Mitra served as Portfolio Manager, Real Estate Securities at Millennium Management. Earlier this month, it sold a portfolio of senior housing properties operated by Northbridge Companies for $200 million, rationing a 20% investment in the portfolio. Those expenses were related to higher labor costs and spending on personal protective equipment and other supplies. degree from the London School of Economic and Political Science, and a bachelors degree in Anthropology fromStanford University. Matt McQueen. from Yale Law School. Mitra who has been serving as Vice Chair, Chief Operating Officer, and Chief Investment Officer is succeeding Thomas J. DeRosa. 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. Last updated: 5 January 2023 at 5:03pm EST. We are encouraged by the relative stabilization of our operating performance and incredibly excited about the opportunity to deploy capital in attractive investment opportunities. 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. in the server error log. 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. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For more information, visitwelltower.com. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Mr. Bacon has served as RailField's managing partner since his retirement from the Federal National Mortgage Association ("Fannie Mae") in March 2012. As the Chief Executive Officer, Chief Investment Officer, and Director of Welltower, the total compensation of Shankh Mitra at Welltower is $5,728,140. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. webmaster@goodearthhempcompany.themarketgarden.com to inform them of the time this error occurred, The full content of this article is only available to paid subscribers. Shankh served as Executive Vice President and Chief Investments Officer and Chief Investment Officer, Chief Operating Officer and Vice Chair for Welltower. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. He also held Senior Analyst positions at Citadel Investment Group and Fidelity Investments after beginning his career at PricewaterhouseCoopers. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. 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. WELLTOWER INC. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. Mr. Bacon is a member of the Board of Directors of Comcast Corporation having previously served as Lead Independent Director and Ally Financial Inc. Shankh Mitra. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. 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. 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 - Chief Executive Officer John Burkart - Chief Operating Officer Tim McHugh - Chief Financial Officer Conference Call Participants Vikram Malhotra - Mizuho Steve Sakwa - Evercore. Mitra said Welltower has more than $1 billion of acquisitions in its pipeline and that they represent a wide range of transactions. We believe we are making a real impact and anticipate creating exceptional value, Mitra said. Bachelor of Engineering (Electronics Engineering), If you're not automatically redirected, please click here. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. On behalf of the entire board of directors, I want to sincerely thank Tom for his lasting contributions to the company. TOLEDO, Ohio, Oct. 5, 2020 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today announced that Shankh Mitra has been appointed Chief Executive Office. 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. TOLEDO, Ohio Welltower Inc. (NYSE: WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. The company also announced thatKenneth J. Bacon, who has been serving as an independent director on the board since 2016, has been named chairman. and the actions you performed just before this error. Public Storage Appoints Three New Independent Trustees, https://www.businesswire.com/news/home/20201213005046/en/, Business On average, Welltower executives and independent directors trade stock every 37 days with the average trade being worth of $584,264. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. . Welltower operators expect to receive about $45 million in CARES Act Provider Relief Funds in the fourth quarter after HHS expanded eligibility of funding to assisted living communities. 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. 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. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. 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 Mr. Mitra served as Welltowers Senior Vice President - Investments from January 2018 to August 2018. All of our forward-looking statements, including those in this press release, are qualified in their entirety by this statement. Public Storage and Elliott Associates, L.P. (Elliott) have had constructive discussions in recent weeks. 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. 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. The largest trade he's ever made was exercising 25,444 units of Welltower stock on 15 February 2022 worth over $1,714,671. 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. Please contact the server administrator at With the addition of Shankh, David, and Paul, the Company has added five independent Trustees in the past 18 months. 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. 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. Sign up for a free account. We are pleased to welcome Shankh, David, and Paul to the Board, said Ronald L. Havner, Jr., Chairman of the Board of Public Storage. For more information, visitwww.welltower.com. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Shankh has made over 9 trades of the Welltower stock since 2018, according to the Form 4 filled with the SEC. Mr. Bacon received an MBA fromHarvard Business School, a Master of Science (M.Sc.) 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. Mr. Mitra will retain his CIO title and continue to lead Welltower's data analytics-driven capital allocation and operator relationships. 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. Mr. Mitra, who has been serving as Vice Chair, Chief Operating Officer and Chief Investment Officer, succeedsThomas J. DeRosa, who is stepping down as Chairman and CEO after leading Welltower for more than six years. Mr. Williams received an undergraduate degree, cum laude, from Harvard University and a J.D. 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.). shankh mitra wife. ", 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. Cision Distribution 888-776-0942 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. Mitra has also served as senior vice president, finance, and then as senior vice president, investments, before assuming his most recent roles. On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. 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. 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. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. There is no executive better suited to lead Welltower at this critical juncture. 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