No securities are beneficially owned.
Lake Street Landlords, LLC ("Lake Street") is the record holder of 20,132,807 shares of Class B Common Stock in Appreciate Holdings, Inc. ("Appreciate Class B Common Stock"). Through Mr. Bergeron's investment vehicle where he is the sole shareholder (DGB Investment), Mr. Bergeron indirectly holds shares of Appreciate Class B Common Stock as a result of his (i) beneficial ownership of 3,577,770 units in Lake Street (which equates to 2,039,288 shares of Appreciate Class B Common Stock) and (ii) ownership of 77,598 of Lake Street units (which equates to 47,364 shares of Appreciate Class B Common Stock) through his investment in NPG Fund I. Mr. Bergeron disclaims beneficial ownership of Appreciate Class B Common Stock. Exhibit 24.1 - Power of Attorney (attached as an Exhibit)