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.