we partner with developers and 26 cities and build properties for sonder and the majority of the time >> cushman says short-term rentals could be the next hot real estate investment, is it a short-term rental? is that how you would characterize it? >> in some instances yes, or more modern approach to operating hotel and with the flexible d of having small seven room hotel and much greater proportion than her actual apartments or suites. >> what will you do with the latest money raids, how to use that money to grow? >> over the last five and half years it works from a business perspective, hundreds of thousands of guest in which we operate. we really love it and it's really about scaling to more countries and cities and have more inventory within the market in which we currently operate. >> you can do hotels or apartments, because you also work with hotels. tell me how that works. >> the business started off with operating exclusively apartments but the last six month we started renovating and working with hotel owners to make the assets far more beautiful and we plug in the technology