Who’s investing in new build apartments?

[Colton T.]

I see a lot of talk on every RE investment site about buying underperforming apartment complexes and adding value. Laundry, rent raises, storage, parking, etc.

Obviously everyone enjoys an undervalued asset. Isn’t there plenty of value in building an already value-added complex from scratch on good urban land. Why is there less talk about pooling for new builds? How’s your experience with it? Who’s investing in new builds besides REITs?