John F. Burkart to Join Welltower as Executive Vice President, Chief Operating Officer

Rhea-AI Summary

Welltower Inc. (NYSE: WELL) announced the appointment of John F. Burkart as Executive Vice President, Chief Operating Officer, effective July 19, 2021. Burkart, who has 25 years of experience at Essex Property Trust (NYSE: ESS), will oversee operations, asset management, and technological innovation at Welltower. His previous role at Essex involved significant operational leadership and success in driving growth in net operating income. CEO Shankh Mitra expressed confidence in Burkart’s ability to enhance Welltower's growth opportunities through data-driven strategies.

Positive

• Appointment of John F. Burkart as COO expected to drive operational efficiencies and growth.
• Burkart's extensive experience at Essex Property Trust indicates strong potential for enhancing Welltower's operational strategies.
• Welltower's focus on data-driven decision-making aligns with Burkart's expertise.

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• None.

TOLEDO, Ohio, June 8, 2021 /PRNewswire/ -- Welltower^® Inc. (NYSE: WELL) today announced that it has appointed John F. Burkart as Executive Vice President, Chief Operating Officer. Upon joining Welltower on July 19, 2021, Mr. Burkart will assume leadership responsibilities across the organization, including platform-wide operations, asset and portfolio management, data analytics, research, and joint venture partnerships. Mr. Burkart brings significant operational expertise to Welltower and will utilize a data-driven approach to drive platform efficiencies, capital allocation decisions, and technological innovation across the Company. He will serve on the Company's executive team and investment committee, and will report to Shankh Mitra, CEO and CIO.

Prior to joining Welltower, Mr. Burkart spent 25 years at Essex Property Trust (NYSE: ESS), a best-in-class multifamily REIT, most recently serving as Senior Executive Vice President and Chief Operating Officer. As COO, Mr. Burkart held critical and wide-ranging responsibilities, including the oversight of operations, redevelopment and capital maintenance, research, and information technology. Mr. Burkart is widely-respected for his many accomplishments at Essex, including the development of its revenue management platform and the implementation of numerous technology and optimization initiatives. He was also keenly involved in the execution of Essex's capital deployment strategy. Under his leadership, Essex consistently generated industry leading growth in net operating income.

"We are extremely fortunate to welcome someone of John's caliber to the Welltower team," stated Shankh Mitra, Welltower's CEO. "I have known John for over a decade and have witnessed the tremendous value he and his team have created for shareholders through operational innovation and astute capital allocation. As with Welltower, John shares a passion for data-driven decision-making in all facets of an organization. His expertise, leadership, and strategic vision will be invaluable as we embark on a number of growth opportunities in the coming years."

"It is with great excitement that I join the extraordinary team at Welltower," said Mr. Burkart. "I am confident that my nearly three decades of operational experience will allow me to quickly contribute to the company's numerous internal and external opportunities. Welltower is positioned to drive exceptional long-term growth and I am humbled to play a role in executing the company's strategy."

Mr. Burkart holds a BS in Finance from San Jose State University and an MBA in Real Estate from Golden Gate University.

About Welltower
Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. 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. 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. More information is available at www.welltower.com.

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SOURCE Welltower Inc.

FAQ

Who is John F. Burkart and what will he do at Welltower?

John F. Burkart is the newly appointed Executive Vice President, Chief Operating Officer of Welltower, starting July 19, 2021. He will lead operations, asset management, and technological innovation.

What experience does John F. Burkart bring to Welltower?

Burkart brings 25 years of experience from Essex Property Trust, where he served as COO, overseeing operations and driving revenue growth.

How does Burkart's appointment affect Welltower's future?

His appointment is expected to enhance operational efficiencies and growth opportunities through data-driven strategies.

What is Welltower's focus as a company?

Welltower focuses on transforming health care infrastructure, investing in seniors housing, post-acute communities, and outpatient medical properties.