Private Equity Giant Starts a Vacation-Rental Side Hustle
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A giant private equity firm is aiming for Superhost status in the short-term rental marketplace.
TPG, a San Francisco-based investment firm that manages more than $200 billion in assets, has begun purchasing single-family homes in Florida tourist destinations with the sole purpose of renting them via sites like Airbnb, The Wall Street Journal reported.
Source Fool.com
