Appreciate SPAC Presentation Deck

GROWTH STRATEGY 3 New Products and Services Opportunity Appreciate Value Proposition Benefit to Appreciate DIY Offering 70% of total current SFR market managed by DIY investors(1) Less cost & higher automation than standard package Drives more efficient customer acquisition with potential to up- sell DIY customers to full- service package Asset Management SFR entrants lack asset management capabilities (2) For a market fee (~1% of SFR portfolio value), provide full- service asset management Increases retention of existing customers and provides additional monetization opportunity with no incremental marketing The Iceberg Report (2) Asset management refers to portfolio-level decision-making and activities above the individual property level, including rebalancing, strategic capital expenditures, budgeting, and lender reporting 4 ww Appreciate Referral & Data Monetization Leverage data and demand from Appreciate platform into new ancillary verticals Services for investors (mortgage referrals, home warranties, insurance) and residents (deposit alternatives, TV/cable, maintenance) Provides additional monetization opportunity with no incremental marketing Private & Confidential 31

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