The firm aims to raise billions as it seeks to merge institutional and retail capital in a $1.3 trillion infrastructure race.

Short-term financing with flexible solutions has worked for the firm in the multifamily space.

"If insurance costs are going upward and landlords aren't able to increase rent, that continues to suck the cash flow out of deals and it affects NOI," says Danielle Lombardo, vice chair at insurance giant Howden.