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Airbnb and Niido partner to develop Airbnb-branded rentals

Airbnb gearing up to operate 14 new buildings by 2020

Brian Chesky (Credit: Michael Lewis / Fortune Magazine)

Back in December… Brookfield Property Partners invested around $200 million in a JV with Niido (Airbnb’s development partner), according to Bloomberg. The funds are being used to build communities where tenants can legally sublet their units through Airbnb for less than half of the year.

It’s happening… Niido acquired an existing 328-unit building in downtown Nashville last week, which will be the partnership’s second building. 

Targeting Millennials: 49 percent of renters under the age of 25 are interested in generating extra income through home-sharing.

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