If you’ve rented a house in Florida via Airbnb in the past two years, you might have stayed in a home owned by one of the world’s biggest private-equity firms and been none the wiser.
In a pilot project launched about two years ago, Texas-based TPG—listed as the world’s sixth largest private-equity firm by Private Equity International—has purchased homes in Florida vacation markets, including Fort Lauderdale and Pompano Beach, and rented them out on Airbnb and similar platforms on a per-night basis. Its partner, Kasa, manages the properties.
