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Why Brookfield Embraces Airbnb: It Wants $1 of Every $4 in Rent Tenants Earn

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The Olmsted apartments in Nashville, Tennessee, purchased by Newgard Development Group last month and rebranded as an Airbnb rental building. Some landlords across the U.S. and Canada may discourage tenants from subletting on Airbnb. But not Toronto-based Brookfield Asset Management, which figures it can reap as much as an extra 3 percentage points in return, taking a share of the extra cash tenants earn. Jonathan Moore, managing director...

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