TOLEDO, Ohio, March 4, 2019 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) announced today that Ryan Rothacker has been named Vice President of Operations, Outpatient Medical ("OM") and Nicholas Rumanes has been named Head of Development.
Ryan Rothacker joins the Company from MBRE Healthcare ("MBRE"), where he served as Senior Vice President, Asset Management. At MBRE, Mr. Rothacker oversaw five joint venture funds with a market value of over $6 billion. Prior to his time at MBRE, Mr. Rothacker held several positions at Duke Realty Corporation ("Duke Realty"), including Vice President, Healthcare Operations and Vice President, Asset Management. During his fifteen-year tenure at Duke Realty, he worked directly with Keith Konkoli, head of Welltower's Outpatient Medical business. In his new role, Mr. Rothacker will oversee operations of the Company's OM portfolio, reporting directly to Keith Konkoli.
Nicholas Rumanes joins the Company from Unibail-Rodamko-Westfield ("URW"), where he served as Senior Vice President, U.S. Development. At URW, Mr. Rumanes was responsible for the development of Westfield's U.S. portfolio, which included oversight of a $6 billion development pipeline. Prior to his tenure at URW, Mr. Rumanes served as Senior Vice President, Real Estate Development Design & Construction at Oasis West Realty. In his new role, Mr. Rumanes will manage the Company's development efforts across the health care continuum, including seniors housing, post-acute care, and outpatient medical projects. He reports to Shankh Mitra, Executive Vice President and Chief Investment Officer.
"We are thrilled to welcome Ryan and Nicholas to Welltower," commented Shankh Mitra. "Keith's leadership has launched substantial growth of the Company's Outpatient Medical business in the last 18 months. Ryan's significant operating experience will help us capture greater value from our expanded OM business." Mr. Mitra added, "Nicholas' successful track record of large scale, complex development projects will be crucial for this next stage of growth at the Company. He brings extensive knowledge and expertise, and his ability to attract top-level development talent will be valuable as we expand our full suite of development and re-development capabilities to transform the next generation of health care infrastructure."
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.
This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the Company's actual results to differ materially from the Company's expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to, those factors discussed in the Company's annual report on Form 10-K and in the Company's reports filed from time to time with the SEC. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.
SOURCE Welltower Inc.