This document discusses Welltower's corporate presentation from September 2018. It provides an overview of Welltower as the largest healthcare REIT, highlights powerful demographic trends driving healthcare spending and the need for senior housing, and describes Welltower's joint venture with ProMedica Health System to create a large integrated healthcare delivery network spanning the full continuum of care. The partnership is positioned to benefit from the shift to value-based care models.
The Physician’s Sunshine Act will impose changes in the way that healthcare meeting planners manage data and reporting. Disclosure of payments for Transfer of Value (TOV) will soon be required and violations for non-compliance can lead to stiff penalties and other ramifications for you and your organization. Find out from meeting experts what they are doing to prepare for the new regulations for transparency and accountability.
Sunshine Act Compliance Analysis by WorldDataOnline. Comprehensive, individual, and highly specific company reports will be available shortly. https://worlddata.online/Product/Subscription/LATEST---2015---Sunshine-Act-Compliance-Analyzer
Across the United States, a legislative movement to mandate paid sick leave time for all employees has picked up significant momentum over the past couple of years. With a number of states, municipalities and even the President advocating for these new mandates, it is important that employers know how these changes impact them.
At a recent Disability Management Employer Coalition event, Spring partner Teri Weber gave the presentation below on paid sick leave laws with fellow industry experts Geoffrey Simpson from Presagia and Mike Soltis from jackson lewis.
We hope you find this deck helpful and please don’t hesitate to reach out to Teri using the form below with any questions about paid sick leave laws or anything related to leave management.
Medicare Bad Debt Checklist and Recent ClarificationsPYA, P.C.
PYA Senior Consultant Holly Bizic presented “Medicare Bad Debt Checklist and Recent Clarifications.” The presentation reviews:
Key facts and expectations.
Progression of Medicare bad debt policy.
Recommendations for compiling and defending bad debt listings.
Audit and desk review clarifications.
Benchmarking.
The Physician’s Sunshine Act will impose changes in the way that healthcare meeting planners manage data and reporting. Disclosure of payments for Transfer of Value (TOV) will soon be required and violations for non-compliance can lead to stiff penalties and other ramifications for you and your organization. Find out from meeting experts what they are doing to prepare for the new regulations for transparency and accountability.
Sunshine Act Compliance Analysis by WorldDataOnline. Comprehensive, individual, and highly specific company reports will be available shortly. https://worlddata.online/Product/Subscription/LATEST---2015---Sunshine-Act-Compliance-Analyzer
Across the United States, a legislative movement to mandate paid sick leave time for all employees has picked up significant momentum over the past couple of years. With a number of states, municipalities and even the President advocating for these new mandates, it is important that employers know how these changes impact them.
At a recent Disability Management Employer Coalition event, Spring partner Teri Weber gave the presentation below on paid sick leave laws with fellow industry experts Geoffrey Simpson from Presagia and Mike Soltis from jackson lewis.
We hope you find this deck helpful and please don’t hesitate to reach out to Teri using the form below with any questions about paid sick leave laws or anything related to leave management.
Medicare Bad Debt Checklist and Recent ClarificationsPYA, P.C.
PYA Senior Consultant Holly Bizic presented “Medicare Bad Debt Checklist and Recent Clarifications.” The presentation reviews:
Key facts and expectations.
Progression of Medicare bad debt policy.
Recommendations for compiling and defending bad debt listings.
Audit and desk review clarifications.
Benchmarking.
Presentation: Implications of the Affordable Care Act to the Pharmaceutical Industry
Presented by: Kirsten Axelsen, Vice President, Worldwide Policy, Pfizer
Overview of what the coverage expansion and payment reforms in the Affordable Care Act mean for access to medicine and for new treatments and cures. Issues for patients and policy makers to consider as the healthcare system increasingly relies on medicine to manage conditions, avoid disease and save on healthcare system costs.
BridgestoneHRS Denials Management Software Will help any organization to collect a larger percentage of their denied charges.
Leading Denials Management Tools is useful for medical billing denial management, patient payment estimator, underpayment analyzer, claim status, claim status verification.
So keep visiting our websites to get update on regular basis. Call now.
ACA Healthcare legislation and attempts at increasing regulation of self-funding and stop loss coverage are driving more employers toward stop loss captives.
This session focuses on Ed Health, a medical stop loss group captive consisting of 11 Boston-area colleges that Spring assisted in the development of. It details Ed Health’s success to date and lessons learned through the development and ongoing management of a medical stop loss group captive.
ISCEBS 2014 Presentation: Health Care Reform’s Impact on Disability ManagementSpring Consulting Group
Recently, Spring Consultants Karen English and Kimberly Mashburn presented at the annual ISCEBS conference. They explore how Disability Management has been impacted by recent US health care changes brought on by the implementation of the Affordable Care Act (ACA)
American International Holdings (AMIH) is an investor, developer and asset manager of diversified, synergistic health and wellness businesses. Today, the AMIH portfolio encompasses telemedicine and other virtual health platforms, affordable subscriber-based primary care and concierge medicine plans, preventative care solutions and wellness related assets such as mental & behavioral health services, as well as its own proprietary life coaching platform. AMIH markets its various services through direct-to-consumer and business-to-business distribution channels. AMIH’s focus is on bringing to market technologies and solutions that advance the quality of life for the global community.
Apollo Medical Holdings (ApolloMed) is a leading integrated healthcare company providing solutions to hospitals, health plans, physicians, and other health providers to provide cost-effective, quality healthcare. We work with providers and hospitals to coordinate care with local primary care physicians to reduce preventable hospital admissions and re-admissions, best in class patient centric care, and avoidable emergency room visits.
Insurance M&A activity in the US rose to unprecedented levels in 2015, surpassing what had been a banner year in 2014. There were 476 announced deals in the insurance sector, 79 of which had disclosed deal values with a total announced value of $53.3 billion. This was a significant increase from the 352 announced deals in 2014, of which 73 had disclosed deal values with a total announced value of $13.5 billion. Furthermore, unlike prior years where US insurance deal activity was isolated to specific subsectors, 2015 saw a significant increase in deal activity in all industry subsectors.
Presentation: Implications of the Affordable Care Act to the Pharmaceutical Industry
Presented by: Kirsten Axelsen, Vice President, Worldwide Policy, Pfizer
Overview of what the coverage expansion and payment reforms in the Affordable Care Act mean for access to medicine and for new treatments and cures. Issues for patients and policy makers to consider as the healthcare system increasingly relies on medicine to manage conditions, avoid disease and save on healthcare system costs.
BridgestoneHRS Denials Management Software Will help any organization to collect a larger percentage of their denied charges.
Leading Denials Management Tools is useful for medical billing denial management, patient payment estimator, underpayment analyzer, claim status, claim status verification.
So keep visiting our websites to get update on regular basis. Call now.
ACA Healthcare legislation and attempts at increasing regulation of self-funding and stop loss coverage are driving more employers toward stop loss captives.
This session focuses on Ed Health, a medical stop loss group captive consisting of 11 Boston-area colleges that Spring assisted in the development of. It details Ed Health’s success to date and lessons learned through the development and ongoing management of a medical stop loss group captive.
ISCEBS 2014 Presentation: Health Care Reform’s Impact on Disability ManagementSpring Consulting Group
Recently, Spring Consultants Karen English and Kimberly Mashburn presented at the annual ISCEBS conference. They explore how Disability Management has been impacted by recent US health care changes brought on by the implementation of the Affordable Care Act (ACA)
American International Holdings (AMIH) is an investor, developer and asset manager of diversified, synergistic health and wellness businesses. Today, the AMIH portfolio encompasses telemedicine and other virtual health platforms, affordable subscriber-based primary care and concierge medicine plans, preventative care solutions and wellness related assets such as mental & behavioral health services, as well as its own proprietary life coaching platform. AMIH markets its various services through direct-to-consumer and business-to-business distribution channels. AMIH’s focus is on bringing to market technologies and solutions that advance the quality of life for the global community.
Apollo Medical Holdings (ApolloMed) is a leading integrated healthcare company providing solutions to hospitals, health plans, physicians, and other health providers to provide cost-effective, quality healthcare. We work with providers and hospitals to coordinate care with local primary care physicians to reduce preventable hospital admissions and re-admissions, best in class patient centric care, and avoidable emergency room visits.
Insurance M&A activity in the US rose to unprecedented levels in 2015, surpassing what had been a banner year in 2014. There were 476 announced deals in the insurance sector, 79 of which had disclosed deal values with a total announced value of $53.3 billion. This was a significant increase from the 352 announced deals in 2014, of which 73 had disclosed deal values with a total announced value of $13.5 billion. Furthermore, unlike prior years where US insurance deal activity was isolated to specific subsectors, 2015 saw a significant increase in deal activity in all industry subsectors.
Ethema Health Corporation (OTCQB: GRST), together with its subsidiaries, operates in the behavioral healthcare space specifically in the treatment of substance use disorders. With a seasoned management team, Ethema strives to develop world-class “centers of excellence” in addiction treatment for adults. The Company currently operates in West Palm Beach, Florida.
Pathway Health is one of the largest providers of out-of-hospital pain management services in . The Company owns and operates 9 community-based clinics across 4 provinces where its team of health professionals work together to help patients through a variety of evidence-based approaches. Pathway Health's patient care programs utilize an interdisciplinary approach that is guided by trained pain specialists, physical and occupational therapists, psychologists, nurses, and other healthcare providers. Pathway Health has also developed an expertise in harm reduction where medicinal cannabis is being used as an alternative to traditional opioids.
Based in Ann Arbor, Michigan, Zomedica is a veterinary health company creating diagnostic and therapeutic products for horses, dogs, and cats by focusing on the unmet needs of clinical veterinarians. With modest cash burn and a strong balance sheet, including $142.4 million cash and cash equivalents as of June 30, 2023, Zomedica is well-positioned to fund both organic growth and acquisitions.
Marpai is an AI tech company revolutionizing the self-funded health plan
market representing over $1 trillion in health claims, $20 billion in
administrative fees, and 95 million Americans. Just as Netflix, Amazon,
Uber, and Tesla use artificial intelligence to transform and lead industry
sectors, Marpai (pronounced Mar-pay) is using deep learning, the most
advanced artificial intelligence, to transform health plan administration
for companies who self-fund their health plans. As a next-generation
TPA (Third Party Administrator) using SMART technology (deeplearning powered), Marpai’s mission is to save lives, improve lives, and
radically reduce the costs of healthcare for employers and plan
members.
Catasys, Inc. harnesses proprietary big data predictive analytics, artificial intelligence and telehealth, combined with human intervention, to deliver improved member health and cost savings to health plans through integrated technology enabled treatment solutions. It is our mission to provide access to affordable and effective care, thereby improving health and reducing cost of care for people who suffer from the medical consequences of behavioral health conditions; helping these people and their families achieve and maintain better lives
Pathway Health is an integrated healthcare company that provides advanced products and services to patients suffering from chronic pain and related conditions. The Company owns and operates nine community-based clinics across four provinces where its team of health professionals work together to help patients through a variety of evidence-based approaches and products, including medical cannabis. Pathway's patient care programs utilize an interdisciplinary approach that is guided by trained pain specialists, physical and occupational therapists, psychologists, nurses, and other healthcare providers. Pathway is also the leading provider of medical cannabis services in Canada and has established itself as the collaboration partner with national and regional pharmacy companies for the delivery of medical cannabis services to their customers. The Company is working with several pharmacy companies on the development of Cannabis Health Products (CHPs) for OTC distribution through retail pharmacy locations across the country following anticipated changes to the Cannabis Act.
Pathway Health is one of the largest providers of out-of-hospital pain management services in Canada. We own and operate nine community-based clinics across four provinces where our team of health professionals work together to help patients by using a variety of evidence-based approaches.
Marpai is an AI tech company revolutionizing the self-funded health plan
market representing over $1 trillion in health claims, $20 billion in
administrative fees, and 95 million Americans. Just as Netflix, Amazon,
Uber, and Tesla use artificial intelligence to transform and lead industry
sectors, Marpai (pronounced Mar-pay) is using deep learning, the most
advanced artificial intelligence, to transform health plan administration
for companies who self-fund their health plans. As a next-generation
TPA (Third Party Administrator) using SMART technology (deeplearning powered), Marpai’s mission is to save lives, improve lives, and
radically reduce the costs of healthcare for employers and plan
members.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
1. Driving the Future of Health
Care Real Estate
Corporate Presentation│September 2018
2. Forward Looking Statements
This document contains “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. When we use words such as “may,” “will,”
“intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “pro forma,” “estimate” or similar expressions that do not relate solely to historical matters, we are making
forward-looking statements. In particular, these forward-looking statements include, but are not limited to, those relating our company’s opportunities to acquire, develop or
sell properties; our ability to close anticipated acquisitions, investments or dispositions on currently anticipated terms, or within currently anticipated timeframes; the expected
performance of our operators/tenants and properties; our expected occupancy rates; our ability to declare and to make distributions to stockholders; our investment and
financing opportunities and plans; our continued qualification as a real estate investment trust (“REIT”); our ability to access capital markets or other sources of funds; and
our ability to meet our earnings guidance.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause our actual results to differ materially from our
expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the status of the economy; the status of capital
markets, including availability and cost of capital; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies,
responding to government investigations and punitive settlements and operators’/tenants’ difficulty in cost-effectively obtaining and maintaining adequate liability and other
insurance; changes in financing terms; competition within the health care and seniors housing industries; negative developments in the operating results or financial condition
of operators/tenants, including, but not limited to, their ability to pay rent and repay loans; our ability to transition or sell properties with profitable results; the failure to make
new investments or acquisitions as and when anticipated; natural disasters and other acts of God affecting our properties; our ability to re-lease space at similar rates as
vacancies occur; our ability to timely reinvest sale proceeds at similar rates to assets sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the
cooperation of joint venture partners; government regulations affecting Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims
by or against operators/tenants; unanticipated difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting our properties;
changes in rules or practices governing our financial reporting; the movement of U.S. and foreign currency exchange rates; our ability to maintain its qualification as a REIT;
key management personnel recruitment and retention; and other risks described in our reports filed from time to time with the Securities and Exchange Commission. Finally,
we assume no obligation to update or revise 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.
2
3. Welltower At A Glance
3
1. Source: Bloomberg as of 6/30/2018.
2. Based on internal estimates derived from trailing twelve-month facility level data as of 7/31/2018.
3. Total health care properties excludes land parcels, loans, developments and properties held for sale.
Moody’s
Baa1
Stable
Fitch
BBB+
Stable
$36.1B
Enterprise Value(1)
S&P
500
NYSE
Symbol:
WELL
S&P
BBB+
Stable
1,502
TOTAL HEALTH CARE
PROPERTIES (3)
~321,000
RESIDENTS(2)
15,350,000
OUTPATIENT
MEDICAL VISITS(2)
Dow Jones
Sustainability
Index
4. Real Estate Investment Trust (REIT) Overview
41. Includes RMZ real estate companies. Source: Bloomberg as of 6/30/2018.
LARGEST U.S. PUBLIC REAL ESTATE COMPANIES By ENTERPRISE VALUE(1)
RANK COMPANY
COMPANY
Rank Company Sector $ (mm’s)
1 Simon Property Group Regional Malls $76,757
2 Prologis Inc. Industrial $47,015
3 Public Storage Self-Storage $44,655
4 Equinix Industrial $43,211
5 Health Care $36,075
5. Health Care Real Estate Landscape
5
HIGHER AVERAGE COST
LOWER AVERAGE COST
Hospital Memory
Care
Assisted
Living
Independent
Living
SENIOR HOUSINGACUTE CARE POST-ACUTE CARE CONTINUUM
Skilled Nursing
(LTC)
Inpatient
Rehab Facility
Long-Term
Care Hospital
HOME
OUTPATIENT / MEDICAL OFFICE BUILDING
$$
6. Powerful Demographic Tailwinds
6Source: US Census Bureau National Population Projections, vintage 2017
-10%
10%
30%
50%
70%
90%
110%
2018 2023 2028 2033 2038
85+ Age Group % Growth 25-34 Age Group
7. Aging Population Drives Health Care Spending
7Source: National Health Expenditure, CMS. Data as of 9/30/2015.
8. Dementia / Alzheimer’s: Residential Memory Care is the Answer
8Source: Alzheimer’s Disease International The World Alzheimer Report 2015, The Global Impact of Dementia: An analysis of prevalence, incidence, cost and trends updates.
▪ Alzheimer’s Disease is the only
“Top 10 Cause of Death” in the
U.S. that cannot be prevented,
slowed or cured
▪ Number of people with dementia
globally will almost double every
20 years
▪ Total estimated worldwide cost
of dementia care will be $1 trillion
by 2018
2015 2030 2050
46.8
million
74.7
million
131.5
million
10. Significant Opportunity to Increase Care Coordination in
Post-Acute Settings
10
Mostly
coordinated
Fully
coordinated
7%
Not coordinatedSomewhat
coordinated
30%
10%
53%
DEGREE OF CARE COORDINATION BETWEEN IP, POST-ACUTE, HOME SETTINGS
% health system survey respondents (N=375)
77%
55%
health system leaders
recognize decreased
readmissions is a benefit of a
preferred post-acute network
health system leaders see poor
integration with acute care
providers as the greatest post-
acute care industry challenge
New England Journal of Medicine Catalyst Survey Findings
11. Shift to Value-Based Care will Increase the Role of Post-
Acute Solutions
11SOURCE: Premier APM Survey, Centers for Medicare and Medicaid Services
73
27
14
14
9
Acute
Diagnostic tests
Rx drugs
Procedures
Post-acute
85%
73%
20%
projected annual growth of lives
under fully capitated risk models,
increasing from 9M lives to up to
17M lives from 2017-20
of variation in Medicare FFS
spending is attributed to post-acute
care, while only 27% is attributed
to acute-care
healthcare leaders plan to expand
post-acute care partnerships in
order to maximize alternative
payment model reimbursement
VARIATION IN MEDICARE FFS SPEND
% attributable by segment per beneficiary
12. Providers are Investing in and Engaging in Post-Acute
Ventures
Direct ownership | Expanding regional / national footprint
▪ Brought together a network of 44 hospitals, 1,400+ physicians and
200+ post-acute facilities into a national network
▪ Invested in a network of 5.5K+ senior care beds, 725K enrollees in
PACE programs, with a joint-venture with Evolution to expand services
SOURCE: Press Releases (Representative, not exhaustive)
▪ Acquired a network of 70 post-acute assets across 9 states to form
CHI Health at Home
▪ Propels ProMedica into the top 15 largest U.S. nonprofit health systems
and scales its presence across full spectrum of care and 30 states
Joint venture | Partnering to create post-acute solutions
▪ Created second largest provider of home care and hospice
services in Western Pennsylvania
▪ Jointly launched Homespire, a private-duty home care model for
Utah’s aging population
▪ Developed a network of 70+ facilities with OP, IP and home health
rehabilitation service, recently expanding into Central TX
▪ Formed new post-acute care operations to serve San Diego and
surrounding communities
12
13. Welltower and ProMedica Health System Joint Venture
13
Welltower and ProMedica to enter into a 15-year absolute triple-net master lease with ProMedica as tenant to real estate joint
venture
First of its kind partnership between a REIT and health system which spans the full spectrum of care, including wellness,
captive insurer, post-acute, assisted living, memory care, hospice and home health
Propels ProMedica to top 15 U.S. health system with over ~$7B pro forma revenues and health network with 70,000
employees across 700 locations in 30 states
Links Welltower’s “Class A” health care portfolio to ProMedica’s health care network
14. About ProMedica Health System
14Source: Moody’s and ProMedica pro forma
About ProMedica Health System
• Nationally recognized not-for-profit health care network headquartered in Toledo,
Ohio. Led by CEO Randy Oostra and a seasoned management team with over 30
years average experience in the health care sector. ProMedica has a successful track
record of growth, integration, and financial stability with ~$2 billion in balance sheet
cash and A credit.
• ProMedica is one of two health systems in the US with three five-star rated
hospitals (Mayo Clinic is the other).
• Focused on being a leader in addressing social determinants of health and wellness,
providing community based solutions and enabling healthy neighborhoods and
families.
Transaction to establish ProMedica Health System as Top 15 U.S. not-for-profit health system with $7B+ in revenue
Top 25 U.S. Health Systems (By Revenue)
$B
13 Acute care hospitals
6 Ambulatory surgery centers
300 Other facilities
198,000 Home care visits
400,000+ Rehabilitation therapy encounters
500+ ProMedica Continuum services beds
590k+ Total lives covered by captive insurer
45k+ Providers in network
29 Yrs Managing risk & population health
$6
$6
$6
$6
$6
$6
$6
$6
$6
$6
~$7
$7
$8
$9
$10
$10
$11
$11
$12
$13
$14
$16
$18
$19
$22
$0 $5 $10 $15 $20 $25
Charlotte-Mecklenburg Hospital
Henry Ford Health System
Spectrum Health
Johns Hopkins
Health Partners
St. Joseph Health System
IHC Health Services
UPenn Health System
Indiana University
Geisinger Health System
NY Presbyterian Hospital
Cleveland Clinic HS
Baylor Scott & White Health
Adventist Health System
Northwell Health
Mayo Clinic
Sutter Health
Dignity Health
Partners Healthcare
UPitt Medical Center
Catholic Health Initiatives
Trinity Health
Providence Health
Ascension Health
15. Innovative Strategic Partnership
15Represents information provided by ProMedica
Partnership to facilitate and redefine the care delivery value paradigm and continuum of care through a nationally integrated health system
Real estate partnership will benefit from a well-covered lease (1.8x coverage) backed by a solid A-rated investment grade
health system
ProMedica to invest ~$400 million1 in capex over the next 5 years in a well-located portfolio with an attractive cost basis
Reinvents and revitalizes post-acute and long-term care delivery as part of an integrated health system
ProMedica’s acquisition of HCR ManorCare (“HCRMC”) will generate meaningful synergies and further enhance a leading
operator in the post-acute, assisted living, memory care, and hospice and home health sectors
Partnership creates new avenues for growth between ProMedica and Welltower across multiple property types and
geographies
17. 1Q10
Private Pay: 69%(3)
2Q18
Private Pay: 95%(3)
SENIORS
HOUSING(2)
72%
OUTPATIENT
MEDICAL
17%
LONG-TERM/
POST-ACUTE CARE
11%LONG-TERM/
POST-ACUTE CARE
31%
OUTPATIENT
MEDICAL
19%
SENIORS
HOUSING(2)
40%
LIFE SCIENCE
2%
HOSPITALS
8%
Portfolio Transformation(1)
17
1. Based on In-Place NOI. Please see non-GAAP financial measures and reconciliations at the end of this presentation. Pro forma reconciliation can be found on page 55 at the end of this presentation
2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties.
3. Based on Facility Revenue Mix.
In-Place
NOI
In-Place
NOI
Pro Forma
SENIORS
HOUSING(2)
67%
OUTPATIENT
MEDICAL
16%
LONG-TERM/
POST-ACUTE CARE
10%
Private Pay: 93%(3)
In-Place
NOI
Health System
7%
18. 34%
11%
9%
7%
6%
SHO Partner Diversification(1)
181. Based on 2Q18 SHO annualized In-Place NOI. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
In-Place
NOI
Pro Forma SHO Portfolio
TOP 5
PARTNERS
66%
OTHER
34%
19. The Definition of a “Class A” Health Care Portfolio
19
Active Portfolio
Management
Best-In-Class
Operating
Partners
High Barrier to Entry Premier
Markets
Midtown Manhattan Development
Sunrise Connecticut Avenue,
Washington, D.C.
Welltower Outpatient Center,
Beverly Hills, CA
Merrill Gardens at the University, Seattle, WA
Chartwell Toronto Development
21. U.S. Seniors Housing Portfolio: Major Urban Market Focus
21
1. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties.
2. Data as of 6/30/2018. NOI data based on In-Place US SH Operating NOI. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
TOP US MARKETS(2)
(% OF SH OPERATING NOI)
Los Angeles 15.5%
Boston 9.7%
New York 8.2%
San Francisco 5.3%
Washington, D.C. 4.9%
San Diego 3.8%
Dallas 3.6%
Chicago 3.4%
Seattle 2.9%
San Jose 2.3%
611(1)
Seniors Housing
Facilities
62,398 units
$17.1B(1)
Gross Real Estate
Investments
95%(2)
SH Operating NOI
in Top 31 MSAs +
Coastal States
22. Strategic Focus: Urban, High Barrier to Entry Markets
22
Source: NIC MAP® Data Service data as of 6/30/2018
1. Data as of 6/30/2018. NOI data based on In-Place US SH Operating NOI. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
TOP US MARKETS(1)
(% OF SH OPERATING NOI)
Los Angeles 15.5%
Boston 9.7%
New York 8.2%
San Francisco 5.3%
Washington, D.C. 4.9%
San Diego 3.8%
Dallas 3.6%
Chicago 3.4%
Seattle 2.9%
San Jose 2.3%
Seniors Housing Construction: All Markets
23. UK Portfolio | Urban, High Barrier to Entry Markets
23
1. Source: Office for National Statistics.
2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties as of 6/30/2018.
3. Data as of 6/30/2018. NOI data based on In-Place UK SH Operating NOI. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
POPULATION
(inmillions)
5.6
7.7
9.6
0
5
10
15
2018 2028 2038
75+ POPULATION
(1)
106
(2)
Facilities
$2.9B
(2)
Gross Real Estate
Investments
88%(3)
SH Operating NOI in
Greater London &
Southern England
UK
Manchester
Birmingham
London
24. Canadian Portfolio | Urban, High Barrier to Entry Markets
24
1. Canadian data, source: Statistics Canada.
2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties as of 6/30/2018.
3. Data as of 6/30/2018. NOI data based on In-Place Canadian SH Operating NOI. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
Population
(inmillions)
2.7
4.0
5.5
0
1
2
3
4
5
6
2018 2028 2038
75+ POPULATION (1)
149 (2)
Facilities
$2.9B(2)
Gross Real Estate
Investments
CN
78%(3)
SH Operating NOI in
Top 10 Canadian
MSAs
25. Urban Market Focus: Aging in Cities Survey
25
Welltower-commissioned survey reaffirms current city dwellers desire to age in place.
Source: Agingincities.com; Whereyoulivematters.org as of 9/25/2017.
Seniors Wanting to Stay
in Their City
Boston 69%
Chicago 69%
Houston 66%
Los Angeles 67%
Miami 70%
New York City 65%
San Francisco 71%
Seattle 68%
Toronto 73%
Washington D.C. 68%
26. Urban Market Focus: Midtown Manhattan Development
26
D E M A N D FACTORS
• Manhattan has a vast, highly under-served population of aging New Yorkers
• Current availability of assisted living is 5x less than national average
• Currently, only 70 fully licensed memory care beds in Manhattan
• >30,000 geriatric patients discharged annually to health care facilities
• Demographic trends point to significant elderly population growth
• Anticipated delivery: 2020; Anticipated opening: 2020
27. Urban Market Focus: The Sumach by Chartwell, Toronto
27
D E M AN D FACTORS
• New independent living community located in Regent
Park neighborhood -- the “gold standard” for urban
revitalization
• 12-story building with 332 units; 5,500 square feet of retail
space
• Bistro-style restaurant for tenants and open to the public
• Services (e.g., medication management and
administration) to be offered on an a la carte basis
• Anticipated delivery: Q2 2019
28. Urban Market Focus: The Wandsworth
28
D E M A N D FACTORS
• Urban development to meet significant and growing demand in London market
• Assisted living & memory care community located in Wandsworth, London, UK
• 6 story building with 98 units; c. 70,000 square feet
• High end facilities offered onsite such as bistro restaurant, activities lounges,
emporium and library
• Fully registered nursing community providing suite of care services
• Anticipated delivery: Q1 2020
29. Outpatient Medical Growth Opportunity
29Source: Revista; Outlook for Medical Real Estate as of February, 2018
51%
Health Systems
19%
Investor/Private
14%
Physician/
Provider
11%
REIT
Health Systems & Physicians Currently Own ~65%
of Outpatient Medical Real Estate
Properties Total
Value
Total
Sq. Feet
Hospital 5,529 $626B 1.6B
Outpatient 33,927 $394B 1.4B
TOTALS 39,456 $1.0T 3.0B
5%
Government/Other
31. Welltower’s Full Service Outpatient Medical Group
31
Strategic Health Care Alliances & Innovative Care Delivery Models
1. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
2. Includes only multi-tenant properties.
16.3M
OUTPATIENT MEDICAL
SQUARE FEET
$5.7B
INVESTED IN 249
PROPERTIES
99%IN-HOUSE MANAGED
PROPERTIES AS % OF SF(2)
95%
HEALTH SYSTEM
AFFILIATED AS %
OF CORE NOI(1)
Welltower proudly serves
many of the nation’s top
health systems
33. Welltower & Johns Hopkins Strategic Alliance
331. Based on internal estimates derived from trailing twelve-month facility level data
Welltower Footprint in JHM Markets Today
Strategic alliance supports modern, efficient health care
infrastructure and innovative care
• Measure quality of care outcomes in Assisted Living and Memory Care
• Educational programs for patients and care givers
• Evaluate market opportunities
• Deliver better care at a lower cost
104
PROPERTIES
• 50 Seniors Housing Communities
• 42 Post Acute Care Facilities
• 12 Outpatient Medical Buildings8,214
RESIDENTS
(1)
35. Balanced and Manageable Debt Maturity Profile
35Data as of 6/30/2018 in USD. Represents pro rata principal amounts due and excluding unamortized premiums/discounts or other fair value adjustments as reflected on the balance sheet.
2018 2019 2020 2021 2022 2023 2024 2025 2026 Thereafter
Pro Rata Secured Debt Senior Notes Lines of Credit
in millions 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Thereafter
Unsecured
Debt
$0 $600 $686 1,140 $600 $500 $400 $1,250 $700 $0 $2,585
Pro Rata
Secured Debt
$197 $446 $160 $250 $206 $205 $242 $467 $45 $162 $252
Line of Credit
-- -- -- $540 -- -- -- -- -- -- --
Total ($mm) $197 $1,046 $846 $1,930 $806 $705 $642 $1,717 $745 $162 $2,837
Weighted average maturity of 7.2 years
36. Consistently Outperforming Peers
361. Data as of 6/30//2018, adjusted for stock splits. Total return assumes reinvestment of dividends.
2. Data as of 6/30/18. The 2018 dividend represents the approved dividend rate for 2018, subject to quarterly review by the Board of Directors.
+20%
14.7% Average Annual Return
Since Inception (1)
Total Returns(1)
+15%
5.6% Dividend Yield (2)
-15.00%
-5.00%
5.00%
15.00%
25.00%
35.00%
45.00%
Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18
Welltower
FNHEA Index
37. Performance Driven Strategy
37
Investment in the
“Silver Economy” &
Aging
Best-in-Class
Real Estate &
Operating
Partners
Superior Internal
& External Growth
Investment Grade
Balance Sheet &
Outstanding Access to
Capital
Significant and
Stable Dividend
Income
39. Recognized For Sustainable Business Practices
39
Listed to the 2018 RobecoSam
Sustainability Yearbook:
Industry Mover Designation
LEED: 14 Energy Star: 62 BREEAM: 7
Recognized by ISS for leading
environmental and social
transparency and disclosure
with the highest rating
Building
Certifications
IREM CSP: 11
40. Strong Growth in Projected Demand for Seniors Housing
40
Projected Annual Demand Growth For Seniors Housing Units
Source: American Seniors Housing Association: A Projection of U.S. Seniors Housing Demand 2015-2040. Summer 2016 Brief.
8,500 12,000
25,000
43,500 45,500
9,500
13,000
28,000
48,500 50,500
2010-2015 2015 - 2020 2020 - 2025 2025 - 2030 2030 - 2035
Assisted Living and Memory Care Independent Living
53,000
25,000
92,000
96,000
18,000
41. Growth Platform Driving the Future of Health Care Delivery
41
1. Based on In-Place NOI for 2Q18. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties.
3. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
Portfolio Mix(1)
72% Seniors Housing(2)
(Independent Living, Assisted Living & Memory Care)
• Invest in top metro markets with high barriers to entry, concentrated along U.S.
coastlines
• Strategic partnerships with best-in-class, privately held operators
• Scale that drives efficiencies across assisted living and memory care platforms
• Increased NOI and operational upside from partnership management philosophy
11% Long-Term, Post-Acute Care
17% Outpatient Medical
• Selective investments in higher acuity/higher impact skilled nursing facilities
(e.g., Powerback model)
• Right size exposure to NOI and balance sheet
• Full service outpatient medical group overseeing 16.3M square feet of space
• 94.8%(3) affiliated with health systems as a percentage of NOI
• Growing MOB portfolio at the forefront of evolving care delivery
Capital-efficient,
sustainable
growth supporting
long-term stable
income.
42. Outpatient Will Continue to Dominate Care Delivery
42Source: American Hospital Association 2018 Hospital Statistics Report; data represents the change in inpatient admissions and outpatient visits for Community Hospitals.
0%
10%
20%
30%
40%
50%
60%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Outpatient visits Inpatient admissions
51% increase in outpatient visits since 1999,
compared with a 3% increase in inpatient admissions
43. Superior Assets Lead to Superior Operating Results
43
1. Data as of 6/30/2018. Please see non-GAAP financial measures and reconciliations at the end of this presentation.
2. Data obtained from publicly available documents for the following peers: HCP, HR, HTA, VTR. Peer data is as of 3/31/2018.
3. Welltower percentage based on NOI. Peers based on square feet.
4. Based on occupied square feet.
5. As a percentage of square feet. Includes only multi-tenant properties.
Welltower (1)
Outpatient
Medical Peers (2)
Occupancy 94% 91%
Average Property Size
Square Feet
65,406 64,803
Health System Affiliation(3) 95% 95%
NOI Margin 69% 65%
NOI per Square Foot
Annualized
$23.06 $18.31
Lease Expirations(4)
Through 2021
31% 51%
In-house Managed(5) 99% Data Not Available
Outpatient Medical
44. Superior Assets Lead to Superior Operating Results
44
1. Welltower data as of 6/30/2018 for stable portfolio. EBITDARM Coverage and EBITDARM per bed figures represent trailing twelve months results. EBITDARM represents earnings before interest, taxes, depreciation, amortization, rent
and management fees. The company uses unaudited, periodic financial information provided solely by tenants/borrowers to calculate EBITDARM and has not independently verified the information.
2. Average TTM 2Q18 results obtained from publicly available documents for the following peers: OHI, VTR (SNF only), QCP, LTC and SBRA. Quality mix excludes SBRA.
3. Average TTM 2Q18 results obtained from publicly available documents for the following publicly traded skilled nursing operators: GEN, DVCR, ENSG, and NHC. Quality mix excludes NHC.
4. Property age per 2Q18 NIC MAP for Majority NC Properties in the primary and secondary markets; occupancy and quality mix per NIC Skilled Nursing Data Report, March 2018 and reported in days. Quality Mix derived by Weight of
Revenue per Patient Day [1-(Medicaid PPD Mix * Revenue PPD)] per NIC Skilled Nursing Data report as of March, 2018.
5. Per page 1 and 8 of 2Q18 Supplement.
WELLTOWER
PAC/LTC (1)
HC REIT
Peers (2)
Public
Operators (3)
Industry
Benchmarks (4)
Property Age
Years
19 36 32 39
Occupancy 83% 81% 82% 82%
Quality Mix
Private & Medicare Revenue %
67%(5) 44% 51% 46%
EBITDARM Coverage 1.77x(5) 1.53x
Data
Not Available
Data
Not Available
EBITDARM per Bed
Annual
$22,201(5) $15,067 $13,961
Data
Not Available
Post-Acute and Long-Term Care
45. Superior Assets Lead to Superior Operating Results
45See following page for all footnotes.
Welltower US
RIDEA(1)
HC REIT
Peers(2)
Public
Operators(3)
Industry
Benchmarks
Welltower UK
RIDEA(1)
Industry
Benchmarks
Property Age
Years
16 19(4) 20(4) 21(5) 10 21(9)
Housing Value
Median
$536,727 $244,284(4) $216,911(4) $209,770(6) £475,423 £289,612(10)
Household Income
Median
$92,172 $64,663(4) $61,049(4) $61,045(6) Data Not
Available
Data Not
Available
REVPOR
Monthly
$7,151 $4,082(7) $4,304(7) $4,707(5) £6,463 £3,720 (11)
SSREVPOR Growth
Year-over-year
3.5% 2.4%(7) 1.7%(7) 2.6%(5) 2.9% 3.3%(11)
SSNOI per Unit
Annual
$23,724 $11,890(7) $12,087(7) $17,827(8) £18,917 £9,544 (11)
SSNOI Growth
Year-over-year
0.0% (2.7%)(7) (4.4%)(7) Data Not
Available
0.3%
Data Not
Available
US Seniors Housing UK Seniors Housing
46. Detailed Footnotes
1. Data as of 6/30/2018 for properties included in the seniors housing operating segment. Property age, housing value and household income are NOI-weighted as of June 30, 2018. The
median housing value and household income is used for the US, and the average housing value and household income is used for the UK. Housing value, household income and population
growth are based on a 3-mile radius. Growth figures represent average performance of Welltower's same store portfolio. REVPOR is based on total 2Q18 results. Please see non-GAAP
financial measures and reconciliations at the end of this presentation.
2. Average Trailing 4 quarters as of 3/31//2018 results for the following peers: HCP, SNR, SNH, SBRA, and VTR. Housing value and household income are based on 5-mile radius median
data.
3. Average Trailing 4 quarters as of 3/31/2018 results for the following publicly traded seniors housing operators: BKD, CSU and FVE. Housing value and household income are based on 5-
mile radius median data.
4. Derived or obtained from BofAML research reports, NIC, Claritas, and/or publicly available documents.
5. Per NIC 2Q18 Majority AL properties in primary and secondary markets.
6. US Median per Claritas 2018.
7. Derived or obtained from publicly available documents as of 2Q18.
8. The State of Seniors Housing 2017. Represents 2016 results.
9. Property age per LaingBuisson, Care of Older People 29th Edition.
10. UK Average, CACI 2017 CI.
11. REVPOR, SS REVPOR growth and SS NOI per Unit derived from LaingBuisson, Care of Older People UK Market Report 29th Edition.
46
48. Non-GAAP Financial Measures
Welltower Inc. believes that revenues, net income and net income attributable to common stockholders (NICS), as defined by U.S. generally
accepted accounting principles (U.S. GAAP), are the most appropriate earnings measurements. However, the company considers Net Operating
Income (NOI), In-Place NOI (IPNOI), Same Store NOI (SSNOI), Revenues per Occupied Room (REVPOR), and Same Store REVPOR (SS
REVPOR) to be useful supplemental measures of its operating performance. These supplemental measures are disclosed on a Welltower pro
rata ownership basis.
Pro rata amounts are derived by reducing consolidated amounts for minority partners’ noncontrolling ownership interests and adding Welltower’s
minority ownership share of unconsolidated amounts. Welltower does not control unconsolidated investments. While the company considers pro
rata disclosures useful, they may not accurately depict the legal and economic implications of Welltower’s joint venture arrangements and should
be used with caution.
Welltower’s supplemental reporting measures and similarly entitled financial measures are widely used by investors, equity and debt analysts
and rating agencies in the valuation, comparison, rating and investment recommendations of companies. Welltower’s management uses these
financial measures to facilitate internal and external comparisons to historical operating results and in making operating decisions. Additionally,
these measures are utilized by the Board of Directors to evaluate management.
None of the supplemental reporting measures represent net income or cash flow provided from operating activities as determined in accordance
with U.S. GAAP and should not be considered as alternative measures of profitability or liquidity. Finally, the supplemental reporting measures,
as defined by Welltower, may not be comparable to similarly entitled items reported by other real estate investment trusts or other companies.
Multi-period amounts may not equal the sum of the individual quarterly amounts due to rounding.
48
49. NOI, IPNOI, SSNOI, REVPOR and SS REVPOR
Net operating income (NOI) is used to evaluate the operating performance of our properties. We define NOI as total revenues, including tenant
reimbursements, less property operating expenses. Property operating expenses represent costs associated with managing, maintaining and servicing
tenants for our seniors housing operating and outpatient medical properties. These expenses include, but are not limited to, property-related payroll and
benefits, property management fees paid to operators, marketing, housekeeping, food service, maintenance, utilities, property taxes and insurance. General
and administrative expenses represent costs unrelated to property operations. These expenses include, but are not limited to, payroll and benefits,
professional services, office expenses and depreciation of corporate fixed assets.
In-Place NOI (IPNOI) represents NOI excluding interest income, other income and non-IPNOI and adjusted for timing of current quarter portfolio changes
such as acquisitions, development conversions, segment transitions, dispositions and investments held for sale.
SSNOI is used to evaluate the operating performance of our properties under a consistent population which eliminates changes in the composition of our
portfolio. As used herein, same store is generally defined as those revenue-generating properties in the portfolio for the relevant year-over-year reporting
periods. Land parcels, loans, and sub-leases as well as any properties acquired, developed/redeveloped (including major refurbishments where 20% or more
of units are simultaneously taken out of commission for 30 days or more), sold or classified as held for sale during that period are excluded from the same
store amounts. Properties undergoing operator transitions and/or segment transitions (except triple-net to seniors housing operating with the same operator)
are also excluded from the same store amounts. Normalizers include adjustments that in management’s opinion are appropriate in considering SSNOI, a
supplemental, non-GAAP performance measure. None of these adjustments, which may increase or decrease SSNOI, are reflected in our financial
statements prepared in accordance with U.S. GAAP. Significant normalizers (defined as any that individually exceed 0.50% of SSNOI growth per property
type) are separately disclosed and explained.
REVPOR represents the average revenues generated per occupied room per month at our seniors housing operating properties. It is calculated as our pro
rata version of total resident fees and services revenues from the income statement divided by average monthly occupied room days. SS REVPOR is used to
evaluate the REVPOR performance of our properties under a consistent population which eliminates changes in the composition of our portfolio. It is based
on the same pool of properties used for SSNOI and includes any revenue normalizations used for SSNOI. The company uses REVPOR and SS REVPOR to
evaluate the revenue-generating capacity and profit potential of its seniors housing operating portfolio independent of fluctuating occupancy rates. They are
also used in comparison against industry and competitor statistics, if known, to evaluate the quality of our seniors housing operating portfolio.
We believe NOI, IPNOI, SSNOI, REVPOR and SS REVPOR provide investors relevant and useful information because they measure the operating
performance of our properties at the property level on an unleveraged basis. We use these metrics to make decisions about resource allocations and to
assess the property level performance of our properties.
49
50. Historical In-Place NOI Reconciliations
50
Thre e months Thre e months
$s in thousa nds e nde d 6/30/18 $s in thousa nds e nde d 3/31/10
Ne t inc ome 167,273$ Ne t inc ome 31,694$
Loss (ga in) on re a l e sta te dispositions, ne t (10,755) Loss (ga in) on re a l e sta te dispositions, ne t (6,718)
Loss (inc ome ) from unc onsolida te d e ntitie s (1,249) Loss (inc ome ) from unc onsolida te d e ntitie s (768)
Inc ome ta x e xpe nse (be ne fit) 3,841 Inc ome ta x e xpe nse (be ne fit) 84
O the r e xpe nse s 10,058 O the r e xpe nse s -
Impa irme nt of a sse ts 4,632 Loss (inc ome ) from disc ontinue d ope ra tions, ne t 203
Loss (ga in) on e xtinguishme nt of de bt, ne t 299 Loss (ga in) on e xtinguishme nt of de bt, ne t 18,038
Loss (ga in) on de riva tive s a nd fina nc ia l instrume nts, ne t (7,460) Tra nsa c tion c osts 7,714
G e ne ra l a nd a dministra tive e xpe nse s 32,831 G e ne ra l a nd a dministra tive e xpe nse s 16,821
De pre c ia tion a nd a mortiza tion 236,275 De pre c ia tion a nd a mortiza tion 43,387
Inte re st e xpe nse 121,416 Inte re st e xpe nse 29,791
Consolida te d ne t ope ra ting inc ome 557,161$ Consolida te d ne t ope ra ting inc ome 140,246$
NO I a ttributa ble to unc onsolida te d inve stme nts
(1)
21,725 NO I a ttributa ble to unc onsolida te d inve stme nts 2,624
NO I a ttributa ble to nonc ontrolling inte re sts (2)
(30,962) NO I a ttributa ble to nonc ontrolling inte re sts -
P ro ra ta ne t ope ra ting inc ome (NO I) 547,924$ P ro ra ta ne t ope ra ting inc ome (NO I) 142,870$
Inte re st inc ome (13,462) Inte re st inc ome (9,048)
O the r inc ome (15,383) O the r inc ome (996)
He ld for sa le & dispositions (13,851) He ld for sa le & dispositions -
De ve lopme nts & la nd 262 De ve lopme nts & la nd -
Non IP NO I(3)
(10,402) Non IP NO I (5,346)
Timing a djustme nts
(4)
1,567 Timing a djustme nts -
In-P la c e NO I 496,655$ In-P la c e NO I 127,480$
Annua lize d In-P la c e NO I 1,986,620$ Annua lize d In-P la c e NO I 509,920$
In-P la c e NO I by c ountry In-P la c e NO I by c ountry
Unite d S ta te s 1,628,939$ 82.0% Unite d S ta te s 509,920$ 100.0%
Unite d Kingdom 179,422 9.0% Unite d Kingdom - 0.0%
Ca na da 178,259 9.0% Ca na da - 0.0%
Tota l In-P la c e NO I 1,986,620$ 100.0% Tota l In-P la c e NO I 509,920$ 100.0%
In-P la c e NO I by prope rty type In-P la c e NO I by prope rty type
Long-Te rm/P ost-Ac ute 208,868$ 10.5% Long-Te rm/P ost-Ac ute 158,552$ 31.1%
S e niors Housing Triple -Ne t 530,360 26.7% S e niors Housing Triple -Ne t 201,732 39.6%
O utpa tie nt Me dic a l 339,900 17.1% O utpa tie nt Me dic a l 98,640 19.3%
S e niors Housing O pe ra ting 907,492 45.7% S e niors Housing O pe ra ting - 0.0%
Hospita l - 0.0% Hospita l 41,824 8.2%
Life S c ie nc e - 0.0% Life S c ie nc e 9,172 1.8%
Tota l In-P la c e NO I 1,986,620$ 100.0% Tota l In-P la c e NO I 509,920$ 100.0%
Note s:
(1)
(2)
(3)
(4) Re pre se nts timing a djustme nts for c urre nt qua rte r a c quisitions, c onstruc tion c onve rsions
a nd se gme nt tra nsitions. Exc lude s most re c e ntly a nnounc e d Brookda le tra nsa c tion.
P rima rily re pre se nts non-c a sh NO I
Re pre se nts We lltowe r's inte re sts in joint ve nture s whe re We lltowe r is the minority pa rtne r.
Re pre se nts minority pa rtne rs' inte re st in joint ve nture s whe re We lltowe r is the ma jority
pa rtne r.
51. In-Place NOI Concentration Reconciliations
51
$s in thousa nds a t We lltowe r pro ra ta
owne rship
% of
S HO by
Country
% of
S HO
S e niors
housing
ope ra ting
S e niors
housing
triple -ne t
Long-te rm/
post-a c ute
Outpa tie nt
me dic a l Tota l
% of
Tota l
% of
Country
Annua lize d thre e months e nde d June 30, 2018
Ne w York 8.2% 6.0% 54,155$ 71,367$ 13,196$ 8,580$ 147,298$ 7.4% 9.0%
Los Ange le s 15.5% 11.3% 102,780 2,723 - 25,614 131,117 6.6% 8.0%
P hila de lphia 1.4% 1.0% 9,229 20,368 28,840 22,350 80,787 4.1% 5.0%
Da lla s 3.6% 2.6% 23,951 17,379 3,758 28,688 73,776 3.7% 4.5%
Boston 9.7% 7.1% 64,349 1,757 1,411 1,172 68,689 3.5% 4.2%
S e a ttle 2.9% 2.1% 19,480 16,173 - 14,033 49,686 2.5% 3.1%
S a n Fra nc isc o 5.3% 3.9% 35,156 12,326 - - 47,482 2.4% 2.9%
Wa shington DC 4.9% 3.5% 32,139 7,819 5,822 - 45,780 2.3% 2.8%
Houston 1.9% 1.4% 12,510 4,174 - 24,838 41,522 2.1% 2.5%
Chic a go 3.4% 2.5% 22,496 11,711 1,449 2,139 37,795 1.9% 2.3%
S a n Die go 3.8% 2.7% 24,833 - 2,825 1,500 29,158 1.5% 1.8%
S a n Jose 2.3% 1.7% 15,144 - - 1,716 16,860 0.8% 1.0%
Othe r Top 31US MS As a nd Coa sta l S ta te s 31.7% 23.0% 208,933 159,539 75,753 130,928 575,153 29.0% 35.3%
Othe r Unite d S ta te s 5.4% 4.1% 36,004 121,388 69,061 57,385 283,838 14.2% 17.6%
Tota l Unite d S ta te s 100.0% 72.9% 661,157 446,724 202,115 318,943 1,628,939 82.0% 100.0%
London 67.3% 5.8% 52,660 35,616 - 20,957 109,233 5.5% 60.9%
Othe r S outhe rn Engla nd 20.5% 1.8% 16,010 30,040 - - 46,050 2.3% 25.7%
Othe r Unite d Kingdom 12.2% 1.0% 9,615 14,524 - - 24,139 1.2% 13.4%
Tota l Unite d Kingdom 100.0% 8.6% 78,285 80,180 - 20,957 179,422 9.0% 100.0%
Toronto 25.0% 4.6% 41,960 - - - 41,960 2.1% 23.5%
Montre a l 16.7% 3.1% 28,134 - - - 28,134 1.4% 15.8%
Otta wa 10.9% 2.0% 18,243 - - - 18,243 0.9% 10.2%
Ca lga ry 5.4% 1.0% 9,132 - 6,753 - 15,885 0.8% 8.9%
Va nc ouve r 6.8% 1.3% 11,432 1,441 - - 12,873 0.6% 7.2%
Othe r Top 10 Ca na dia n MS As 13.7% 2.5% 22,958 - - - 22,958 1.2% 12.9%
Re ma ining Ca na da 21.5% 4.0% 36,191 2,013 - - 38,204 2.0% 21.5%
Tota l Ca na da 100.0% 18.5% 168,050 3,456 6,753 - 178,259 9.0% 100.0%
Tota l In-P la c e NOI
(1)
100.0% 907,492$ 530,360$ 208,868$ 339,900$ 1,986,620$ 100.0%
% of Tota l 45.7% 26.7% 10.5% 17.1% 100.0%
Note s:
(1) P le a se re fe r to "Historic a l In-P la c e NOI Re c onc ilia tions" for a re c onc ilia tion of In-P la c e NOI to ne t inc ome .
55. Pro Forma Annualized NOI Reconciliations
55
$s in thousa nds
2Q'18 Annua lize d
IP NOI(1) % of Tota l Brookda le Bra ndywine QCP
P ro Forma
Annua lize d
IP NOI(2) % of Tota l
530,360$ 26.7% (52,819)$ (74,357)$ -$ 403,185$ 19.0%
208,868 10.5% - - 12,114 220,982 10.4%
S e niors Housing Ope ra ting 907,492 45.7% 45,732 61,839 - 1,015,063 47.8%
339,900 17.1% - - 1,686 341,586 16.1%
- 0.0% - - 143,200 143,200 6.7%
1,986,620$ 100.0% (7,087)$ (12,518)$ 157,000$ 2,124,016$ 100.0%
341,008$ 37.6% -$ -$ -$ 341,008$ 33.6%
115,799 12.8% - - - 115,799 11.4%
Be nc hma rk S e nior Living 79,371 8.7% - - - 79,371 7.8%
71,201 7.8% - - - 71,201 7.0%
64,720 7.1% - - - 64,720 6.4%
235,393 25.9% 45,732 61,839 - 342,964 33.8%
Tota l 907,492$ 100.0% 45,732$ 61,839$ -$ 1,015,063$ 100.0%
Note s:
(1)
(2)
P ro Forma Adjustme nts
S e niors Housing Triple -Ne t
Long-Te rm/P ost-Ac ute
Outpa tie nt Me dic a l
He a lth S yste m
Be lmont Villa ge
Othe r
P le a se re fe r to tra nsa c tions de sc ribe d in the July 27, 2018 pre ss
Re ve ra
P le a se se e c a lc ula tion of IP NOI on pa ge 50.
S unrise S e nior Living
S e nior Re sourc e Group