Chera family fails to raise cash for Brivo proptech merger – Robert Khodadadian

One of New York City’s biggest retail landlords has come up short in an effort to invest in protech company Brivo, a maker of card-swipe and other keyless-entry technology. The Chera family had targeted the Nevada-based firm to combine with its own special purpose acquisition company, or SPAC, but missed a July 9 deadline to consummate the merger. Crown Proptech Acquisitions, led by CEO Richard Chera, failed to drum up the necessary cash, according to

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, crown acquisitions, Proptech, Retail Real Estate, Technology The Real Deal New York Read More