Housed in private peerless portable accommodation (5)

I believe the answer is:

tepee

I'm a little stuck... Click here to teach me more about this clue!

'portable accommodation' is the definition.
The answer and definition can be both man-made objects as well as being singular nouns.
Maybe there's a link between them I don't understand?

'housed in private peerless' is the wordplay.
'TEPEE' is hidden within the letters.
But, I'm not sure how this is indicated.

Can you help me to learn more?

(Other definitions for tepee that I've seen before include "North American Indian tent" , "Wigwam" , "Conical tent" , "Home of the brave!" , "Native American dwelling" .)

I've seen this clue in The Globe and Mail.

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