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  "authorName": "Jonathan Litt",
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  "notes": "Uses Alexandria as a cautionary precedent for Welltower's current strategy.",
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      "text": "1. The visionary CEO narrative... 2. Aggressive growth as the performance metric... 3. Sector concentration as a bet dressed up as strategy... 4. The 'best-in-class' narrative... 5. Dividend growth masking underlying risk... 6. The speed of value destruction...",
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      "text": "\"the first, preeminent, longest-tenured and pioneering owner, operator and developer\" — Alexandria Real Estate Equities proxy filing",
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      "text": "The Parallels to Welltower Are Troubling",
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