Ted_Lerner

Ted Lerner

Ted Lerner

American businessman (1925–2023)

Theodore Nathan Lerner (October 15, 1925 – February 12, 2023) was an American real estate developer and managing principal owner of the Washington Nationals baseball team.[1] He was the founder of the real estate company Lerner Enterprises, the largest private landowner in the Washington metropolitan area, which owns commercial, retail, residential, and hotel properties, as well as Chelsea Piers in New York City.[2] In 2015, Forbes magazine named him the richest person in Maryland.[3]

Quick Facts Born, Died ...

Early life and education

Lerner was raised in an Orthodox Jewish family in Northwest Washington D.C.,[4][5] the eldest of three children born to Mayer, a 1921 emigrant from British Mandatory Palestine (modern day Israel), and Ethel, who immigrated from Lithuania.[4] He attended Raymond Elementary School, MacFarland Junior High, and graduated from Roosevelt High School in 1944.[4]

Lerner served with the U.S. Army as a typist during the latter part of World War II.[4] Using the G.I. Bill, he attended George Washington University, where he received first an Associate of Arts and then an L.L.B. from the George Washington University Law School in 1949.[4] While in law school, he sold homes on the weekends, which piqued his interest in real estate.[4]

Career

In 1952, Lerner borrowed $250 from his wife and founded the real estate company Lerner Enterprises in Rockville, Maryland.[6] Among the Lerner Enterprises ventures is a partnership in Chelsea Piers, a 30-acre (12 ha) sports and entertainment complex on the Hudson River in New York City; the Tysons II commercial development; shopping centers including White Flint and Dulles Town Center; and thousands of homes and apartments, along with numerous office buildings. Lerner also played a role in developing other shopping centers in the Washington area, including Tysons Corner Center and Wheaton Plaza.[7][8]

The headquarters of Lerner Enterprises in Rockville was the first Leadership in Energy and Environmental Design (LEED) platinum certified multi-tenant commercial building in the D.C. area and has been the recipient of multiple design and environmental awards.[9]

Washington Nationals

The Washington Nationals franchise (then known as the Montreal Expos) was formerly owned and operated by Major League Baseball from February 15, 2002, until the official transfer of ownership to Lerner on July 24, 2006.[10] The Lerner family is the majority owner of the franchise, controlling over 90% of the shares. Lerner retired as managing principal owner in 2018, ceding the role to his son, Mark Lerner.[1] Under Lerner's ownership, the Nationals won four National League East division championships and appeared in the postseason five times.[11] Lerner won a World Series ring when the Nationals defeated the Houston Astros in the 2019 World Series.[12]

The Lerner family is also a partner in Monumental Sports & Entertainment, which owns the Washington Capitals of the National Hockey League, the Washington Mystics of the Women's National Basketball Association, the Washington Wizards of the National Basketball Association, and Capital One Arena.[13]

Philanthropy and accolades

The Annette M. and Theodore N. Lerner Family Foundation provides support to many organizations, including: Food & Friends; The Hebrew University of Jerusalem; Shady Grove Adventist Hospital; Hadley's Park; the Weizmann Institute of Science; the Scleroderma Foundation of Greater Washington; YouthAids; Junior Achievement of the Greater Washington Area; the Charles E. Smith Jewish Day School; and the Jewish Community Center of Greater Washington, among many others. Ted and his wife Annette are founding members of the United States Holocaust Memorial Museum in Washington, D.C. The American Academy of Achievement awarded Ted Lerner the Golden Plate Award of Excellence in 1990.[14][15]

The campus of the Charles E. Smith Jewish Day School in Rockville is named in his and his wife's honor after a multimillion-dollar donation to the school. The lunch room in the Melvin J. Berman Hebrew Academy was donated by the Lerner Family. The family has also donated the Lerner Family Health and Wellness Center and Theodore Lerner Hall at George Washington University in Washington, D.C. along with the Lerner Center at Hebrew University in Israel. The family donated the theater at Imagination Stage in Bethesda, Maryland.[16]

Notable achievements include:

  • 1990 American Academy of Achievement's Golden Plate Award of Excellence[17]
  • Elected to the Washington Business Hall of Fame by Junior Achievement of the National Capital Area in 2003[18]
  • Elected to the Jewish Community Center of Greater Washington Sports Hall of Fame in 2007[18]
  • Elected to the Washington DC Sports Hall of Fame in 2015[18]

Personal life and death

On June 17, 1951, he married Annette M. Lerner. They had three children: Mark D. Lerner (married to Judy Lenkin Lerner), Debra Lerner Cohen (married to Edward L. Cohen) and Marla Lerner Tanenbaum (married to Robert K. Tanenbaum).[19] Ted Lerner had nine grandchildren and 11 great-grandchildren.[20]

His daughter, Marla Lerner Tanenbaum, is chair of The Annette M. and Theodore N. Lerner Family Foundation and chair of the Washington Nationals Philanthropies and the Washington Nationals Youth Baseball Academy. The family are the sole owners and heirs of Lerner Enterprises.[21]

Lerner died from pneumonia at his home in Chevy Chase, Maryland, on February 12, 2023, at age 97.[20]

References

  1. [1]
    Svrluga, Barry (June 14, 2018). "Nationals owner Ted Lerner, 92, to cede control of club to his son, Mark". The Washington Post.
  2. [2]
    Paul Toscano. "The 10 Richest MLB Owners". CNBC. Archived from the original on January 10, 2015. Retrieved April 7, 2014.
  3. [3]
    "The Richest Americans By State: Maryland", Forbes, 2015, retrieved December 4, 2015
  4. [4]
    The Washingtonian: "Ted Lerner Plays Ball – The dealmaker and family man has realized a dream: He owns Washington's baseball team. Here's how he got to where he is—and where the team goes from here" By Harry Jaffe June 1, 2007
  5. [5]
    Jerusalem Post: "Ted Lerner buys the Nationals: A leading Washington Jewish community member is at the head of a group which has bought the city's baseball team" by Nathan Guttman July 29, 2012
  6. [6]
    "The World's Billionaires – Ted Lerner", Forbes, January 2014
  7. [7]
    "Bloomberg Billionaires Index – Ted Lerner". Bloomberg. Bloomberg.com. Retrieved February 13, 2023.
  8. [8]
    "The 30-Year Legal Battle Between the Owner of the Washington Nationals and His Estranged Brother". Washingtonian. April 11, 2016. Retrieved February 13, 2023.
  9. [9]
    "The Tower Companies". Nbm.org. Archived from the original on April 8, 2014. Retrieved April 7, 2014.
  10. [10]
    ""Lerner Group finalizes purchase of Washington Nationals," Washington Nationals press release, Monday, July 24, 2006". Washington.nationals.mlb.com. Archived from the original on October 8, 2012. Retrieved April 7, 2014.
  11. [11]
    Svrluga, Barry. "The Lerner family will explore selling the Washington Nationals". Washington Post. Retrieved August 28, 2022.
  12. [12]
    Svrluga, Barry. "For owner Ted Lerner, Nationals' World Series berth is a family celebration". washingtonpost.com. WP, LLC. Retrieved August 19, 2022.
  13. [13]
    Goldstein, Richard (February 13, 2023). "Ted Lerner, Developer Who Bought and Built the Washington Nationals, Dies at 97 – The New York Times". The New York Times. Retrieved February 13, 2023.
  14. [14]
    "About the Academy". www.achievement.org. American Academy of Achievement.
  15. [15]
    "Lerner Enterprises". Lerner.com. Archived from the original on September 25, 2014. Retrieved April 7, 2014.
  16. [16]
    Jessica Camerato (February 13, 2023). "Nationals owner Ted Lerner dies at 97". MLB. Retrieved February 13, 2023.
  17. [17]
    "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  18. [18]
    "Washington Nationals owner Ted Lerner dead at 97". wusa9.com. January 13, 2023. Retrieved February 13, 2023.
  19. [19]
    Washington Post: "After 17 Months, Baseball Introduces Nats' Owners" By Thomas Heath and David Nakamura May 4, 2006
  20. [20]
    "Ted Lerner, real estate magnate and Nationals owner, dies at 97". The Washington Post. February 13, 2023. Retrieved February 13, 2023.
  21. [21]
    "Who owns Washington Nationals? Daughter reflects on team success". wusa9.com. October 30, 2019. Retrieved February 13, 2023.
Share this article:

This article uses material from the Wikipedia article Ted_Lerner, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.