Chera’s career in real estate began when he began buying the commercial buildings that housed the family’s chain of specialty children’s stores, which became Crown acquisitions, according to the company’s website. The company eventually disposed of the retail stores to focus on real estate. Crown’s holdings include several iconic New York properties, such as the St. Regis New York and Cartier Mansion.
Chera has also been friends with President Donald Trump.
From 2016 to 2019, Chera donated a total of $402,800 to Donald J. Trump for President Inc. and Trump Victory, organizations dedicated to supporting Trump’s presidency, according to Federal Election Commission records.
Chera’s Crown acquisitions reached an agreement in 2008 with Trump’s son-in-law and senior White House adviser Jared Kushner, The Kushner Companies and private equity firm The Carlyle Group. Crown Acquisitions and The Carlyle Group acquired an interest in the commercial portion of the building located at 666 Fifth Avenue in New York City, which was owned by The Kushner Companies. The Fifth Avenue skyscraper ended up being a distressed property that weighed on the Kushner Companies’ portfolio for years until the property was sold to Brookfield Properties in 2018.
Chera introduced Trump at the Veterans Day parade in New York City last November, calling the president “my dear friend.
Trump called Chera at a 2019 rally in Grand Rapids, Michigan, describing him as “one of the world’s greatest builders and real estate agents.
“And he’s a great guy and he’s been with me from the beginning,” Trump said of Chera.
It is now believed that Chera was the specific person Trump described. The facts of Chera’s illness match what Trump described.
“We thought they were going to have a mild stay, and in one case he’s unconscious, in a coma,” Trump also said. “And you say, how did this happen? »
Three people familiar with the case told the New York Times that Trump described Chera in his comments about the person in question. The Times reported that two of the sources said that Chera was in a medically induced coma at the time.
Trump went on to say that he had “friends who are incredibly sick. It is not known which other friends Trump was referring to.
The White House has not responded to requests for comment on Trump’s description of the friend, his friendship with Chera, or Chera’s death.
Chera’s family has not publicly discussed the friendship with the President or Chera’s death.
While Chera was known in New York City as a real estate and business titan, he was also a philanthropist who funded causes such as soup kitchens, the source who confirmed Chera’s death told CNN. His ultimate philanthropic passion was helping children with special needs, the source said.
Chera was a co-founder of the non-profit Sephardic Community Center in Brooklyn.
He “was a very special man, loved by all,” the community centre said in a news release. “His dedication to so many of our community institutions is unparalleled. »