Additional information about Public Storage is available on the Companys website at PublicStorage.com. 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. Chief Executive Officer & Chief Investment Officer. Executive Vice President - Chief Operating Officer. If you are an active subscriber, please log in. 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. 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. 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. Eight of the companies are still active while the remaining sixteen are now listed as inactive. Our need-based product will likely see meaningful traction and demand.. Shankh Mitra serves as Chief Executive Officer, Chief Investment Officer, Director of the Company. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 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. from 8 AM - 9 PM ET. Mr. Neithercut said, I have long respected Public Storages leadership in both the self-storage sector and real estate generally. In April, we elevated Shankh to the roles of vice chair and COO with the intent that he would ultimately succeed Tom as CEO. 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. Welltower is in a very strong position today and has a bright future., Mr. DeRosa commented, I am proud of our many accomplishments during my time as CEO and thankful to the Board and the entire Welltower team for allowing me to pursue my vision. Shankh Mitra. Bacon has served as RailFields managing partner since his retirement from the Federal National Mortgage Association (Fannie Mae) inMarch 2012. 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.. 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. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Welltower Appoints Shankh Mitra Chief Executive Officer. Request an invite to Revere to access this complete profile and connect with 500+ development firms today. In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. in the server error log. When typing in this field, a list of search results will appear and be automatically updated as you type. Mr. Mitra served as Senior Analyst at Citadel Investment Group from April 2012 to June 2013 and Fidelity Investments from June 2009 to March 2012. He received his undergraduate degree from Jadavpur University and an MBA from Columbia Business School. 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. 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. 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. There is no executive better suited to lead Welltower at this critical juncture. 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. 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.. Sign up for a free account. 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. Get updates on the latest news impacting senior living through our Argentum Daily newsletter. Mr. Mitra received an MBA fromColumbia Business Schoolspecializing in Applied Value Investing and a bachelors degree in Engineering from Jadavpur University. Those expenses were related to higher labor costs and spending on personal protective equipment and other supplies. 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. According to this definition women are the form of shakti and they are playing different roles in a man's life. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Forward-Looking Statements and Risk Factors. We are encouraged by the relative stabilization of our operating performance and incredibly excited about the opportunity to deploy capital in attractive investment opportunities. For more information, visit www.welltower.com. The most active insiders traders include Timothy J Naughton, R Scott Trumbull, and Philip L Hawkins. TOLEDO, Ohio Welltower Inc. (NYSE: WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. 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. We are pleased to welcome Shankh, David, and Paul to the Board, said Ronald L. Havner, Jr., Chairman of the Board of Public Storage. Mr. Shankh Mitra is an Independent Trustee at Public Storage, a Director, Chief Executive & Investment Officer at Welltower, Inc. and a . We observed such a trend during the recessionary circumstances of 2009; however, to date we have not seen any material change in the move-out patterns of long-term customers; risk of negative impacts on the cost and availability of debt and equity capital as a result of the COVID Pandemic, which could have a material impact upon our capital and growth plans; the impact of competition from new and existing self-storage and commercial facilities and other storage alternatives; the risk that our existing self-storage facilities may be at a disadvantage in competing with newly developed facilities with more visual and customer appeal; risk related to increased reliance on Google as a customer acquisition channel; difficulties in our ability to successfully evaluate, finance, integrate into our existing operations and manage properties that we acquire directly or through the acquisition of entities that own and operate self-storage facilities; risks associated with international operations including, but not limited to, unfavorable foreign currency rate fluctuations, changes in tax laws and local and global economic uncertainty that could adversely affect our earnings and cash flows; risks related to our participation in joint ventures; the impact of the legal and regulatory environment, as well as national, state and local laws and regulations including, without limitation, those governing environmental issues, taxes, our tenant reinsurance business, and labor, including risks related to the impact of new laws and regulations; risks of increased tax expense associated either with a possible failure by us to qualify as a REIT, or with challenges to the determination of taxable income for our taxable REIT subsidiaries; risks due to a November 2020 California ballot initiative (or other equivalent actions) that could remove the protections of Proposition 13 with respect to our real estate and result in substantial increases in our assessed values and property tax bills in California; changes in United States federal or state tax laws related to the taxation of REITs and other corporations; security breaches or a failure of our networks, systems or technology could adversely impact our operations or our business, customer and employee relationships or result in fraudulent payments; risks associated with the self-insurance of certain business risks, including property and casualty insurance, employee health insurance and workers compensation liabilities; difficulties in raising capital at a reasonable cost; delays and cost overruns on our projects to develop new facilities or expand our existing facilities; ongoing litigation and other legal and regulatory actions which may divert managements time and attention, require us to pay damages and expenses or restrict the operation of our business; and economic uncertainty due to the impact of war or terrorism. 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. 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. Other recent leadership moves at the REIT included Kenneth Bacon, executive chairman of Link Logistic Real Estate, being named chairman of the board, succeeding DeRosa in that role, and Philip Hawkins appointment to the board. In addition, he makes $5,728,140 as Chief Executive Officer, Chief Investment Officer, and Director at Welltower. 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. 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. 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. The estimated Net Worth of Shankh Mitra is at least $6.21 Million dollars as of 26 April 2022. degree from the London School of Economic and Political Science, and a bachelors degree in Anthropology fromStanford University. Shankh Mitra Net Worth The estimated Net Worth of Shankh Mitra is at least Welltower stock worth over $568,495 and over the last 5 years he sold . You may also find the annual proxy statement by going directly to the company's website. DeRosa is stepping down as Chairman and CEO after leading Welltower . 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. Speaking of the pandemic, Mitra said that as communities have resumed visitation, a significant improvement in move-ins has occurred. Naughton, R Scott Trumbull, and Philip L Hawkins Public Storages leadership both. Alongside Jeff and Ken this complete profile and connect with 500+ development firms.!, R Scott Trumbull, and Director at Welltower the latest news impacting senior living through Argentum. If you are an active subscriber, please log in his retirement from Federal. 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