"Institutional investors are coming out of the woodwork. Everyone is setting up some sort of vehicle to get access to this particular asset type," Americas Nuveen Real Estate's Shawn Lese said.
"We're assembling our bathrooms, kitchens, HVAC closet, the washer and drying closet off-site," said one developer. "We're still having to pay more, plan, do better at what we do and trying to get ahead."