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Airbnb co-founder and CEO Brian Chesky. Photo: Jeff Chiu / AP

Brookfield Property Partners, one of the largest commercial real estate companies, has agreed to invest up to $200 million into Airbnb's home-sharing real estate venture, Airbnb announced Monday.

Why it matters: Even though multi-family housing makes up to half of Airbnb's listings in some major cities, apartment landlords have complained that their tenants' short-term rental activities have caused them to lose control over who is staying in their properties. Airbnb is trying to resolve some of that tension by enlisting Brookfield, which will get a 25% cut of the revenue from each apartment subleased on Airbnb.

Details: Niido, which is partnering with Airbnb to develop the multi-family housing, will build as many as six apartment complexes in Florida cities where tenants can rent their units through Airbnb for nearly half the year. Silverpeak Real Estate Partners is also committing $20 million to the project.

Millennial factor: Millennials make up a large share of renters, and they are more likely to embrace home-sharing than other cohorts. A survey by the National Multifamily Housing Council and Kingsley Associates found that 49% of renters under the age of 25 are interested in generating extra income through home-sharing.

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The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.