Appreciate SPAC Presentation Deck

COMPANY OVERVIEW Vast $145 Billion Total Addressable Market Marketplace ~$95B" TAM in 2021 $20B SFR Brokerage Fees(3) $37B Total Serviceable SFR Market in 2021 (1) The Iceberg Report, Freddie Mac, John Burns Real Estate Consulting, Company Estimates (2) IBISWorld (3) National Association of Realtors, CoreLogic Management ~$50BⓇ TAM in 2021 $17B SFR Property Management Fees(4) 4 ww IBISWorld, U.S. Census Bureau, John Burns Real Estate Consulting (5) The Iceberg Report, Freddie Mac, John Burns Real Estate Consulting, Company Estimates Appreciate No Marketplace or Manager has >1% market share(5) Private & Confidential 13

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