Chera’s proptech SPAC blames startup for breaching deal – Robert Khodadadian

In the wake of a failed merger, a proptech SPAC led by one of New York’s most prominent retail landlords says its intended acquisition target violated the terms of the deal. In November, Crown Proptech Acquisitions, led by Richard Chera, struck a deal to take smart-building technology startup Brivo public through a SPAC merger. The deal, the companies announced at the time, would create a company with an enterprise value of over $800 million. Lender

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. Home Page, crown acquisitions, Proptech, SPACs The Real Deal New York Read More

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