Theodore N. "Ted" Lerner (born October 15, 1925 in Washington, DC) is an American real estate developer and managing principal owner of the Washington Nationals baseball team. His family business, Lerner Enterprises, is the largest private landowner in the Washington, D.C. region. He has an estimated worth of US$3.5 billion as of 2011, though due to the family's secrecy that number cannot be confirmed.[1]
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After graduating high school in 1943, Lerner served with the U.S. Army through the end of World War II. He then went on to attend The George Washington University, where he received first an Associate of Arts and later an LLB from The George Washington University Law School. Lerner and his wife, Annette M. Lerner, married on June 17, 1951.
Theodore N. and Annette M. Lerner have three children: Mark D. Lerner, Debra Lerner Cohen and Marla Lerner Tanenbaum, they married Judy Lenkin Lerner, Edward L. Cohen, and Robert K. Tanenbaum respectively. Ted Lerner has nine grandchildren.
His daughter, Marla Lerner Tanenbaum, is president of The Annette M. and Theodore N. Lerner Family Foundation and chair of the Washington Nationals Dream Foundation. The family are the sole owners and heirs of both Lerner Enterprises and of the Washington Nationals.
Lerner Enterprises is a real estate business founded in 1952 by Ted Lerner in Rockville, Maryland, United States, and operates primarily throughout the Washington, D.C. metropolis. The company was started from a $212 loan from his wife. Lerner Enterprises is the largest private landowner in the Washington, D.C. region. Among the Lerner Enterprises ventures is a partnership in Chelsea Piers, a 30-acre (120,000 m2) 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. Their headquarters is LEED Platinum Certified and has been the recipient of multiple design and environmental awards.
The Washington Nationals franchise was formerly owned and operated by Major League Baseball from February 15, 2002 until the official transfer of ownership on July 24, 2006.[2] The Lerner Family is the majority owner of the franchise, controlling over 90% of the shares.
The Lerner Family is also a partner in Monumental Sports & Entertainment, which owns the NHL Washington Capitals WNBA, Washington Mystics, NBA Washington Wizards and Verizon Center.
The campus of the Charles E. Smith Jewish Day School in Rockville, MD is named in his and wife's honor after a multi-million dollar donation to the school. The lunch room in the Melvin J. Berman Hebrew Academy was donated 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, MD.
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