Appreciate Holdings, Inc. announced the Company's expansion into the Memphis, Tennessee market. Appreciate's entrance into the Memphis market follows the strategic plan of the Company to support its clients with operations in lucrative geographic locations across the country. Appreciate launched the market with one of the Company's institutional clients, as investors remain focused on the higher yielding southeastern markets.

Similar to other newly launched Company markets, Memphis offers an attractive entry point with more than 25% of one to four unit properties renter-occupied.