The Billion Dollar Gamble on Senior Housing Shankh Mitra's unlikely success in transforming Welltower into a $160 billion behemoth has left many scratching their heads.
His feat is astonishing, but what does it say about our societal priorities that senior housing, long considered stodgy and unglamorous, has become the playground of billionaires?
Mitra's willingness to take risks when others hesitate was key to his success. As the pandemic ravaged the world, he saw an opportunity to purchase senior living facilities at fire sale prices.