Appreciate SPAC Presentation Deck

EXECUTIVE SUMMARY Business Combination Summary Business Combination Structure Valuation PropTech Investment Corporation II intends to complete a business combination (the "Business Combination") with Appreciate, a leading end-to-end SFR marketplace and management services platform The Business Combination is targeted to close in Q3 2022, subject to the satisfaction of customary closing conditions The Business Combination implies a pro forma combined enterprise value of approximately $416 million(¹) ■ Existing Appreciate shareholders would roll over 100% of their equity as part of the Business Combination (2) (3) Capital Structure 4 ww Appreciate The Business Combination would be funded by a combination of PTIC cash held in a trust account and common stock to be received by Appreciate shareholders (1) See slide 41 See slide 41 for key assumptions and additional details. Assumes no redemptions by PTIC's existing public shareholders. (3) Existing Appreciate shareholders will have the option to receive three tranches of secondary consideration once three separate net cash hurdles are achieved (in respect to all hurdles, after fees & expenses): (i) first, up to $12.0M of secondary consideration from excess net cash proceeds above approximately $61.6M; (ii) second, up to $11.3M of secondary consideration from excess net cash proceeds above approximately $73.6M; and (iii) third, up to $1.6M of secondary consideration from excess net cash proceeds above $193.4M. These tranches will be fully available only in the event of no redemptions by PTIC's existing public shareholders. (4) PropTech Investment Corporation II obtained a $100 million committed equity facility with an affiliate of Cantor Fitzgerald, subject to certain conditions precedent. The Business Combination is expected to result in zero debt and approximately $159 million net cash on the balance sheet to fuel growth(¹) Appreciate will be supported by a $100 million committed equity facility with an affiliate of Cantor Fitzgerald (4) Private & Confidential 10

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