RMC ASSETS (formally Allied Property Group) is a commercial real estate investment company owned by Raymond M. Chera.
RMC focuses on value-add commercial assets in the New York metro area. Their strategy is to acquire and reposition undervalued office and retail properties in high traffic locations. RMC’s roots date back to the late 1970s when the late Raymond Chera Sr. purchased Wertheimer’s department store. During the 1980s, as retail rents started to increase, Mr. Chera saw an opportunity to buy the buildings in which his stores were located-ultimately leading to the Chera real estate legacy.