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Public Storage, Welltower Forge Data Science Partnership
Public Storage and Welltower have formed a strategic data science partnership bringing together Welltower’s data science-driven capital allocation expertise and Public Storage’s scaled operational, pricing, and customer analytics capabilities.
As part of the partnership, Public Storage will license bespoke models from Welltower to deploy capital with greater velocity and precision on granular acquisitions to ultimately achieve stronger risk-adjusted returns. Additionally, Public Storage will share its proven operational data science capabilities to further drive Welltower’s operating performance and analytics-driven decision-making.
“By integrating Welltower’s data science-driven capital allocation capabilities into our PS4.0 platform, we expect to further sharpen how we deploy capital and accelerate value creation,” said Tom Boyle, Public Storage’s incoming CEO. “.Over time, our operational analytics capabilities will help enhance Welltower’s operating platform, as well.”
Added Welltower’s CEO, Shankh Mitra, “While real estate is the world’s largest asset class, it has historically been characterized as a local, ‘gut-feel’ industry that has proven to be one of the most unscalable businesses. While some have attempted to scale the business through service models, we believe that the only way to truly scale this business is through the data generated by the assets.”
- ◦Development
- ◦Financing
