Seth Burke

Seth Burke inquired about the trajectory of Welltower's funds business, including the recently announced debt funds and deployed equity funds, and whether it is expected to become a larger part of the company's story over time, particularly regarding the monetization of WBS and the data science platform.

Answer

Co-President and CIO Nikhil Chaudhri stated that the funds business is opportunistic and tactical, not focused on asset gathering. They will pursue opportunities that are compelling and complementary to their balance sheet. CEO Shankh Mitra reiterated that they avoid being 'asset gatherers' and only take capital if they believe they can generate significant returns, noting that demand for their fund significantly outpaced their target size.

Seth Burke asked about the trajectory of Welltower's funds business, including the recently announced debt funds and deployed equity funds, and whether it is expected to become a larger part of the company's story over time.

Answer

Nikhil Chaudhri (Co-President and CIO, Welltower) emphasized an opportunistic and tactical approach, stating they are not 'asset gatherers' and will only pursue opportunities that are compelling and complementary to their balance sheet. Shankh Mitra (CEO, Welltower) reiterated that they only take capital if they believe they can generate significant returns, avoiding becoming a 'capital-raising place' rather than a money-making business.