In 1952, at age 26, Lerner borrowed $250 from his wife and founded
Lerner Enterprises, a real estate development company, in
Rockville, Maryland. In the late 1950s, he developed
Wheaton Plaza in partnership with Isadore Gudelsky. In 1968, he developed
Tysons Corner Center on land that had in the recent past featured apple orchards and cow pastures. He developed 22,000 homes and 6,000 apartments, along with numerous office buildings as well as
Chelsea Piers, Tysons II, and
Dulles Town Center.
Washington Nationals The
Washington Nationals franchise (then known as the
Montreal Expos) was owned and operated by
Major League Baseball from February 15, 2002. In 2006,
Bud Selig chose Lerner and his family as the buyer of the team, for which he paid $450 million; the official transfer of ownership to Lerner occurred on July 24, 2006. 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. Lerner won a
World Series ring when the Nationals defeated the
Houston Astros in the
2019 World Series. He was 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. ==Philanthropy and accolades==