Free Republic

Shankh Mitra, the Indian-origin CEO of Welltower, has been named the world’s second-highest paid chief executive. Mitra is behind only Elon Musk, the Tesla CEO with a staggering $158 billion pay package. Mitra’s compensation package from Welltower, a real estate investment trust specialising in senior housing and healthcare, places him among the highest-paid public company CEOs of the past decade, according to data from MyLogIQ quoted by The Wall Street Journal. How much does Shankh Mitra earn? In his role as CEO of Welltower, Shankh Mitra earned $821 million in 2025.

Further, 17% of all owned homes are occupied by single or married seniors with two or more spare bedrooms. “The surge of spare bedrooms speaks to a mismatch in the housing market, at a time when so many feel there are too few options available,” Salviati said. Seniors aging in place are keeping a significant share of single-family homes unavailable to younger generations, according to Salviati. It’s why, in part, it’s hard for millennials to break into homeownership.

Naomi Phillips, 85, sat in the shade outside Village Crossroads II watching the community’s formal dedication May 19. She moved to the new Catholic Charities affordable senior housing community in March after living most of her adult life in Latrobe Homes, subsidized city housing in East Baltimore. Village Crossroads, she said, is “real nice” and reminds her of her childhood home in North Carolina. “I love it because I was born in the country,” she said. “There’s nice country air and peace and quiet.” The 180-unit community includes two buildings, Village Crossroads I and II, near the intersection of Belair...

A 75-year-old resident of a New Jersey senior citizen housing complex is suspected of running a prostitution ring that employed some elderly residents as sex workers, NBC 4 New York has learned.