SPAC Deal Tests Investors’ Zeal for Single-Family Rentals
(Bloomberg)—A property management and acquisition platform for single-family landlords is going public through a blank-check merger in a bet that investor appetite for rental houses will outlast waning enthusiasm for real estate technology stocks. PropTech Investment Corporation II, a special-purpose acquisition company led by chairman Tom Hennessy, is merging with Appreciate, which helps investors buy, …
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