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Faraday Future (Property Solutions Acquisition) Priced, Nasdaq: FFIE

Blank check company formed by Benchmark Real Estate Group targeting the real estate industry (completed 7/22/2021).

Industry: SPAC

First Day Return: +0.3%

Industry: SPAC

We are a newly organized blank check company. We will seek to acquire businesses that service the real estate industry. Our target companies will range from real estate service companies to property technology, or “PropTech,” companies. Real estate service companies include property management companies, real estate service providers, mortgage brokerage companies, real estate investments sales companies, title agencies and any other company that has its core business servicing the real estate industry. PropTech companies include companies that offer innovative software, hardware, products, operations or services that are technologically equipped to improve property ownership, financing, valuation, operations, management, leasing, property insurance, asset and investment management, design, construction and development. Our management team is led by co-CEOs Jordan Vogel and Aaron Feldman, who have served as the Co-Managing Partners of Benchmark Real Estate Group, a vertically integrated Real Estate Private Equity investment firm, since its founding in 2009. The firm focuses on the acquisition and management of multifamily and commercial office assets, primarily in New York City.
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Faraday Future (Property Solutions Acquisition) (FFIE) Performance