yearinreview.welltower.comFrom Our Leadership - WellTower Year In Review

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Corporate Sustainability Leading the Conversation Well Connected Powerful Platform From Our Leadership Cypress at Golden Gate, San Francisco, CA Aston Gardens at Tampa Bay, Tampa, FL  Belmont Village Senior Living of Westwood, Los Angeles, CA Brandywine Living at Voorhees, Voorhees Twp., NJ 2016 Welltower Year in Review From Our Leadership Thomas J. DeRosa, CEO, Welltower Inc. 2016 was a year of significant accomplishments and important transitions. We repositioned our portfolio to strengthen our focus on premium, private-pay health care real estate, continued to invest in the best markets with the best operating partners, and reinforced the strength of our balance sheet. The power of our unique operating platform continues to allow us to identify and capture significant efficiencies and high-quality growth opportunities as health care delivery transitions from a fee-for-service to a value-based model. Read more Jeffrey H. Donahue, Chairman, Welltower Inc. I am pleased to report to you that Welltower had an especially successful and productive 2016. The Company is evermore at the forefront of innovative partnerships and investments in health care infrastructure. The assets held, and being created or acquired, encompass the physical and social environments necessary to promote wellness while driving the transition to value-based care. Investing in the best assets, in the best markets and with the best partners, has enabled us to build a unique platform for driving both near-term performance and long-term value. We are convinced that now, more than ever, our very talented team is well positioned to help transform health care infrastructure and drive health care delivery costs to new, lower levels. Read more The above letter from the CEO contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. When Welltower 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. In particular, these forward-looking statements include, but are not limited to, those relating to Welltower’s opportunities to acquire, develop, or sell properties; Welltower’s ability to close our anticipated acquisitions, investments, or dispositions on currently anticipated terms, or within currently anticipated timeframes; and Welltower’s ability to access capital markets or other sources of funds. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause Welltower’s actual results to differ materially from its 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; Welltower’s ability to transition or sell properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; unanticipated difficulties and/or expenditures relating to future investments, acquisitions, or dispositions; Welltower's ability to maintain its qualification as a REIT; and other risks described in Welltower’s Annual Report on Form 10-K and in its other reports filed from time to time with the Securities and Exchange Commission. Finally, Welltower 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. About Us Partners Responsibility Newsroom Investors Careers Contact Welltower Inc. © 2017 All Rights Reserved | TERMS OF USE | PRIVACY POLICY Powerful Platform ')...

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