Trey Korhn and Vince Chillura of Valley Bank are seeing challenges to tight deadlines every day.

"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.

The multifamily and industrial sectors were primary drivers of growth in the smaller property sector.

The firm is offering $12 per share.