00:00 Florida Airbnbs are being rented out by one of the world's biggest private equity firms.
00:04 TPG has purchased homes in Florida vacation markets like Fort Lauderdale and Pompano Beach
00:08 and rented them out on Airbnb and other platforms.
00:11 The private equity firm is focused on business leisure travelers or executives who tack vacation days onto business trips.
00:16 A spokesperson for TPG told Fortune that they started this pilot project almost two years ago.
00:21 TPG purchased a $1.3 million home in Fort Lauderdale earlier this year and recently listed it on Airbnb for $275 a night.
00:29 The property has a pool and backyard grill and TPG says they do not currently aim to expand their project which consists of about a dozen homes.
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