Appreciate SPAC Presentation Deck

BUSINESS COMBINATION OVERVIEW Positioning ■ Real Estate Rental Marketplaces ■ Residential rental platforms ▪ Network effects/ flywheel scaling Fee-based transaction revenue models airbnb Hemnet CoStar Group™ 2 Zillow REA Group SCOUT 24 rightmove 4 Selina coinbase Appreciate бетого In vacasa InteractiveBrokers Sonder Robinhood ■ 4 ww Online Investment Marketplaces Appreciate Marketplace software platforms Exposure to institutional and retail investors Tech-Enabled Property Management Recurring / re-occurring management revenue ▪ Fee-based transaction revenue models ▪ Future of property management ▪ No asset ownership Private & Confidential 38

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