People Not Properties: Real Estate vs. Operations Paradigm Starts to Shift in Senior Living

The Citizen

2 years ago

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The senior housing industry historically has placed a lot of emphasis on real estate to drive value. And today, that is still occurring — but the paradigm might be changing.

A “tectonic shift” has occurred that has made management companies and the people who work for them a new “gold standard” for industry quality, Aegis Founder and CEO Dwayne Clark told me this week. In other words, there is a growing recognition that management companies cannot be commodified, are key to driving long-term value, and a key differentiator lies in the quality of talent they can attract and retain.

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