Renters Warehouse to go public via a SPAC merger with PropTech Investment II in a $416m deal.

Renters Warehouse, a full-service property management and investment services company, agreed to go public via a SPAC merger with PropTech Investment II, a blank cheque company, in a $416m deal. “SFR technology is one of our highest conviction investment themes at PropTech II. We believe that Appreciate, with its end-to-end solution, is the category winner in this massive but fragmented TAM. The company has an accomplished leadership team, a proven revenue model, and highly scalable unit economics. We are thrilled to partner with Appreciate and look forward to their public debut,” Tom Hennessy, PropTech II Chairman, co-CEO and President.