PropTech Investment Corporation II to Combine with Appreciate, Bringing Single Family Rental Marketplace & Management Platform, Renters Warehouse, to the Public Markets
Appreciate Facilitates Investment in the Massive and Highly Fragmented Single Family Rental MarketEstimated Post-Transaction Enterprise Value of $416 Million with up to an Additional $159 Million in Net Cash1 to Fund GrowthNo Minimum Cash Condition and a Committed Equity Facility of $100 Million from CF Principal Investments LLC, an affiliate of Cantor FitzgeraldAppreciate Management and Existing Equity Holders Will Roll 96% to 100% of Their Existing Equity into Equity of the Combined Company, Subject to PTIC Trust Redemptions2 NEW YORK and MINNETONKA, Minn., May 17, 2022 (GLOBE NEWSWIRE) -- PropTech Investment Corporation II (NASDAQ:PTIC) ("PropTech II" or "PTIC"), a special purpose acq
