Private company

Appreciate Holdings, Inc.

Appreciate Holdings, Inc. is an American real estate agents and managers company based in Minnetonka.¹

Last updated Oct 21, 2026.

Overview

$11.0MNet income, fiscal 2021²

IndustryReal Estate Agents & Managers (For Others)¹
HeadquartersMinnetonka, Minnesota¹
Incorporated inDE³
Business address6101 Baker Road, Suite 200, Minnetonka, Mn 55345³
Filer category, Emerging growth company³
Legal formCorporation
Kind of organizationResidential real estate vehicle¹

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year	2020	2021
Operating income		-$1.2M²
Net income		$11.0M²

Total assets²$231.1M in 2021−0% since 2020

Total liabilities²$15.7M in 2021−43% since 2020

Shareholders’ equity²-$14.6M in 2021−43% since 2020

Cash²$947.5K in 2021−48% since 2020

Fiscal year	2020	2021
Cash	$1.8M²	$947.5K²
Current assets	$2.2M²	$1.1M²
Total assets	$232.2M²	$231.1M²
Accounts payable		$1.3K²
Current liabilities	$173.7K²	$267.3K²
Total liabilities	$27.8M²	$15.7M²
Retained earnings		-$14.6M²
Shareholders’ equity	-$25.7M²	-$14.6M²

Fiscal year	2020	2021
Cash from operations		-$919.4K²
Cash from investing		$32.1K²

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Corporate structure

Appreciate Holdings, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Appreciate Holdings, Inc.

CITADEL ADVISORS LLC Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 14, 2024 (3 filings since Feb 14, 2022)
Cantor Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 12, 2024 (2 filings since Jan 31, 2023)
Polar Asset Management Partners Inc. Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 9, 2024 (5 filings since Feb 10, 2022)
METEORA CAPITAL, LLC Filed SC 13G/A on Appreciate Holdings, Inc., latest Jun 12, 2023 (3 filings since Jan 10, 2023)
Vellar Opportunities Fund Master, Ltd. Filed SC 13G/A on Appreciate Holdings, Inc., latest Jun 12, 2023 (3 filings since Dec 2, 2022)
Daniel J. Hennessy Filed SC 13G/A on Appreciate Holdings, Inc., latest May 4, 2023
Milton Joseph Beck Filed SC 13G/A on Appreciate Holdings, Inc., latest May 4, 2023
Thomas D. Hennessy Filed SC 13G/A on Appreciate Holdings, Inc., latest May 4, 2023
Anson Funds Management LP Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 14, 2023 (2 filings since Feb 11, 2022)
ARISTEIA CAPITAL, L.L.C. Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 10, 2023 (2 filings since Feb 14, 2022)
Beryl Capital Management LLC Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 10, 2023
Linden Capital L.P. Filed SC 13G/A on Appreciate Holdings, Inc., latest Feb 3, 2023 (2 filings since Jan 31, 2022)

Appreciate Holdings, Inc. Minnetonka, Minnesota

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Appreciate Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$947.5K² Dec 31, 2021	$1.8M² Dec 31, 2020	−48.4%

Leadership

Who has led Appreciate Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

Todd Jable2022

2025

Chief executive officerChristopher Laurence Dec 9, 2022 to May 10, 2023⁷
Chief executive officerMilton Joseph Beck Dec 3, 2020 to Dec 3, 2020⁸
Chief executive officerThomas D. Hennessy Dec 3, 2020 to Dec 3, 2020⁹
PresidentKevin Ortner Dec 9, 2022 to Dec 9, 2022¹⁰
PresidentThomas D. Hennessy Dec 3, 2020 to Dec 3, 2020⁹
Chief financial officerNolan Jacobson Dec 9, 2022 to Dec 9, 2022¹¹
Chief financial officerMilton Joseph Beck Dec 3, 2020 to Dec 3, 2020⁸
Chief operating officerTodd Jable Dec 9, 2022 to Dec 9, 2022¹²

Board members and other officers (13)

Board memberChristopher Laurence Dec 9, 2022 to May 10, 2023⁷
Board memberDouglas Bergeron Dec 9, 2022 to Dec 9, 2022¹³
Board memberLaurie A. Hawkes Dec 9, 2022 to May 10, 2023¹⁴
Board memberMarcy Haymaker Dec 9, 2022 to May 3, 2023¹⁵
Board memberScott Honour Dec 9, 2022 to May 3, 2023¹⁶
Board memberWilliam John Bush Dec 9, 2022 to Dec 9, 2022¹⁷
Board memberAdam Blake Dec 3, 2020 to Dec 3, 2020¹⁸
Board memberCourtney A. Robinson Dec 3, 2020 to Dec 3, 2020¹⁹
Board memberGloria Fu Dec 3, 2020 to May 3, 2023²⁰
Board memberJack Leeney Dec 3, 2020 to Dec 3, 2020²¹
Board memberMargaret M. Whelan Dec 3, 2020 to Dec 3, 2020²²
Board memberMilton Joseph Beck Dec 3, 2020 to May 3, 2023⁸
Board memberThomas D. Hennessy Dec 3, 2020 to Dec 3, 2020⁹

Former names

PROPTECH INVESTMENT CORP. IISep 3, 2020 to Nov 29, 2022³

Timeline

Nov 24, 20238-K New debt or obligation; Regulation FD disclosure²³
Nov 20, 20238-K New debt or obligation²⁴
Oct 25, 20238-K Entered a material agreement; New debt or obligation²⁵
Sep 28, 20238-K Regulation FD disclosure²⁶
Sep 11, 20238-K Debt or obligation accelerated; Regulation FD disclosure²⁷
Aug 30, 20238-K Debt or obligation accelerated²⁸
Aug 16, 20238-K Regulation FD disclosure²⁹
Jul 6, 20238-K New debt or obligation³⁰
Jun 20, 20238-K Listing notice or transfer³¹
Jun 15, 20238-K Regulation FD disclosure³²
Jun 2, 20238-K New debt or obligation; Regulation FD disclosure³³
May 19, 20238-K Listing notice or transfer; Other events³⁴
Dec 9, 2022New chief executive Christopher Laurence becomes CEO⁷
Dec 3, 2020New chief executive Thomas D. Hennessy becomes CEO⁹
Dec 3, 2020New chief executive Milton Joseph Beck becomes CEO⁸

Calendar

When it reported results

Apr 27, 2023Reported quarterly or annual results³⁵

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

144 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 36 major events, 23 insider forms, 31 large holders, 1 private raises, 46 other. The latest 20:

Feb 14, 2024SC 13G/A EDGAR
Feb 12, 2024SC 13G/A AMENDMENT NO. 1 TO SCHEDULE 13G EDGAR
Feb 9, 2024SC 13G/A 13GA APPRECIATE HOLDINGS EDGAR
Jan 2, 202415-12G EDGAR
Dec 18, 2023RW WITHDRAWAL REQUEST EDGAR
Dec 18, 2023RW WITHDRAWAL REQUEST EDGAR
Dec 18, 2023RW WITHDRAWAL REQUEST EDGAR
Nov 24, 20238-K CURRENT REPORT EDGAR
Nov 20, 20238-K CURRENT REPORT EDGAR
Nov 15, 20234 PRIMARY DOCUMENT EDGAR
Nov 14, 2023NT 10-Q NOTIFICATION OF LATE FILING EDGAR
Oct 25, 20238-K EDGAR
Sep 28, 20238-K EDGAR
Sep 11, 20238-K CURRENT REPORT EDGAR
Aug 30, 20238-K CURRENT REPORT EDGAR
Aug 16, 20238-K CURRENT REPORT EDGAR
Aug 15, 2023NT 10-Q FORM 10-Q EXTENSION EDGAR
Jul 6, 20238-K CURRENT REPORT EDGAR
Jun 20, 20238-K CURRENT REPORT EDGAR
Jun 15, 20238-K CURRENT REPORT EDGAR

The 144 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

CITADEL ADVISORS LLCSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 2024³⁶
CantorSC 13G/A, 2 filings Jan 31, 2023 to Feb 12, 2024³⁷
Polar Asset Management Partners Inc.SC 13G/A, 5 filings Feb 10, 2022 to Feb 9, 2024³⁸
METEORA CAPITAL, LLCSC 13G/A, 3 filings Jan 10, 2023 to Jun 12, 2023³⁹
Vellar Opportunities Fund Master, Ltd.SC 13G/A, 3 filings Dec 2, 2022 to Jun 12, 2023⁴⁰
Daniel J. HennessySC 13G/A, 1 filing May 4, 2023⁴¹
Milton Joseph BeckSC 13G/A, 1 filing May 4, 2023⁴²
Thomas D. HennessySC 13G/A, 1 filing May 4, 2023⁴³
Anson Funds Management LPSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 2023⁴⁴
ARISTEIA CAPITAL, L.L.C.SC 13G/A, 2 filings Feb 14, 2022 to Feb 10, 2023⁴⁵
Beryl Capital Management LLCSC 13G/A, 1 filing Feb 10, 2023⁴⁶
Linden Capital L.P.SC 13G/A, 2 filings Jan 31, 2022 to Feb 3, 2023⁴⁷
Magnetar Financial LLCSC 13G/A, 2 filings Jan 21, 2022 to Jan 24, 2023⁴⁸
Lake Street Landlords, LLCSC 13D, 1 filing Dec 12, 2022⁴⁹
HC PROPTECH PARTNERS II LLCSC 13G/A, 1 filing Dec 9, 2022⁵⁰
HGC Investment Management Inc.SC 13G, 1 filing Feb 14, 2022⁵¹

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.2M 2023–2023

Private raises (Form D) $1.2M

Figures by year

Year	Private raises (Form D)	Total
2023	$1.2M	$1.2M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

Mar 22, 2023Raised $1.2 million in a private offering of debt⁵² Form D: $2.5 million offered in all Form D

SEC filer profile

How Appreciate Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARAppreciate Holdings, Inc.¹
CIK0001821075
Employer ID (EIN)85-2426917¹
Filer status<br>emerging growth company¹
Incorporated inDelaware¹
Fiscal year endsDecember 31¹
Industry code (SIC)6531 Real Estate Agents & Managers (For Others)¹
SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance¹
Business address6101 Baker Road, Suite 200, Minnetonka, MN 55345¹
Phone9524708888¹
Public float$224.0M as of Jun 30, 2021²
On EDGAR sinceSep 3, 2020¹
Filings184 in all: 8-K (35), SC 13G/A (28), 3 (20), SC 13G (13), 4 (12), DEFA14A (10), S-1/A (7), 10-Q (6)¹
All 33 form types
8-K/A (5), CORRESP (5), UPLOAD (5), NT 10-Q (4), PRER14A (4), S-1 (4), EFFECT (3), RW (3), 10-K (2), 10-K/A (2), 25-NSE (2), 10-Q/A (1), 15-12G (1), 424B3 (1), 424B4 (1), 425 (1), 8-A12B (1), CERT (1), D (1), DEFM14A (1), DRS (1), NT 10-K (1), PREM14A (1), S-1MEF (1), SC 13D (1)
Latest filingsAnnual report (10-K) Mar 9, 2022
Quarterly report (10-Q) Nov 8, 2022
Latest 8-K (8-K) Nov 24, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARAppreciate Holdings, Inc. filings on SEC EDGAR
2
SEC EDGARAppreciate Holdings, Inc. 10-K for fiscal 2021
3
SEC EDGARAppreciate Holdings, Inc. filings on SEC EDGAR
4
SEC EDGARAppreciate Holdings, Inc. 10-Q for fiscal 2022
5
SEC EDGARAppreciate Holdings, Inc. 10-Q for fiscal 2022
6
SEC EDGARAppreciate Holdings, Inc. 10-Q for fiscal 2022
7
SEC EDGARChristopher Laurence, Chief executive officer
8
SEC EDGARMilton Joseph Beck, Chief executive officer
9
SEC EDGARThomas D. Hennessy, Chief executive officer
10
SEC EDGARKevin Ortner, President
11
SEC EDGARNolan Jacobson, Chief financial officer
12
SEC EDGARTodd Jable, Chief operating officer
13
SEC EDGARDouglas Bergeron, Board member
14
SEC EDGARLaurie A. Hawkes, Board member
15
SEC EDGARMarcy Haymaker, Board member
16
SEC EDGARScott Honour, Board member
17
SEC EDGARWilliam John Bush, Board member
18
SEC EDGARAdam Blake, Board member
19
SEC EDGARCourtney A. Robinson, Board member
20
SEC EDGARGloria Fu, Board member
21
SEC EDGARJack Leeney, Board member
22
SEC EDGARMargaret M. Whelan, Board member
23
SEC EDGARNew debt or obligation; Regulation FD disclosure
24
SEC EDGARNew debt or obligation
25
SEC EDGAREntered a material agreement; New debt or obligation
26
SEC EDGARRegulation FD disclosure
27
SEC EDGARDebt or obligation accelerated; Regulation FD disclosure
28
SEC EDGARDebt or obligation accelerated
29
SEC EDGARRegulation FD disclosure
30
SEC EDGARNew debt or obligation
31
SEC EDGARListing notice or transfer
32
SEC EDGARRegulation FD disclosure
33
SEC EDGARNew debt or obligation; Regulation FD disclosure
34
SEC EDGARListing notice or transfer; Other events
35
SEC EDGARAppreciate Holdings, Inc. 8-K, Item 2.02 (results of operations)
36
SEC EDGARCITADEL ADVISORS LLC SC 13G/A on Appreciate Holdings, Inc.
37
SEC EDGARCantor SC 13G/A on Appreciate Holdings, Inc.
38
SEC EDGARPolar Asset Management Partners Inc. SC 13G/A on Appreciate Holdings, Inc.
39
SEC EDGARMETEORA CAPITAL, LLC SC 13G/A on Appreciate Holdings, Inc.
40
SEC EDGARVellar Opportunities Fund Master, Ltd. SC 13G/A on Appreciate Holdings, Inc.
41
SEC EDGARDaniel J. Hennessy SC 13G/A on Appreciate Holdings, Inc.
42
SEC EDGARMilton Joseph Beck SC 13G/A on Appreciate Holdings, Inc.
43
SEC EDGARThomas D. Hennessy SC 13G/A on Appreciate Holdings, Inc.
44
SEC EDGARAnson Funds Management LP SC 13G/A on Appreciate Holdings, Inc.
45
SEC EDGARARISTEIA CAPITAL, L.L.C. SC 13G/A on Appreciate Holdings, Inc.
46
SEC EDGARBeryl Capital Management LLC SC 13G/A on Appreciate Holdings, Inc.
47
SEC EDGARLinden Capital L.P. SC 13G/A on Appreciate Holdings, Inc.
48
SEC EDGARMagnetar Financial LLC SC 13G/A on Appreciate Holdings, Inc.
49
SEC EDGARLake Street Landlords, LLC SC 13D on Appreciate Holdings, Inc.
50
SEC EDGARHC PROPTECH PARTNERS II LLC SC 13G/A on Appreciate Holdings, Inc.
51
SEC EDGARHGC Investment Management Inc. SC 13G on Appreciate Holdings, Inc.
52
SEC EDGARForm D: Raised $1.2 million in a private offering of debt