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Short-term rental company Sonder Holdings will leave 80 properties across the country and has negotiated reduced rents at another 25 locations, the company said in regulatory filings Tuesday.

The company has also received a $10M infusion of capital from a group of investors, according to a release.

Of the 80 locations that will no longer operate as Sonder outposts, 60 properties representing 2,300 units have already shuttered, the company said. The remaining sites are expected to close by the end of the year for a total of 3,200 units.
Termination fee