With equity market capital growing from $1 billion to $24 billion in the space of one decade, Welltower Inc., a leading healthcare real estate investment trust (REIT), is no stranger to extended periods of growth. Likewise, chief financial officer Scott Estes has developed a familiarity with the leadership needs of such a booming company.
“If you’re going to be successful during a period of rapid growth, to me it’s all about letting go and allowing key people to lead their respective parts of the organization in the context of the greater strategic objectives,” Estes says.
As those corporate goals and strategies evolve, so do the day-to-day demands of the employees. Empowerment is key to that evolution, Estes says, as are well-built teams and something he calls “appropriate redundancy.” He keeps team members informed and apprised of strategy; their job is to pass it on, keeping everyone on the same proverbial page in regards to what matters most . . .