Annette Lerner & Family: A Legacy of Real Estate, Baseball, and Philanthropy

Annette Lerner and her family have played a crucial role in shaping the landscape of Washington, D.C.’s real estate market and beyond. Annette’s journey alongside her late husband, Ted Lerner, is a testament to vision, hard work, and a partnership that built an empire from the ground up. Their story began in 1952 when Annette lent $250 to Ted, a modest sum that sparked a career in real estate. At the time, Ted was only 26 years old, but his ambition and Annette’s support set the foundation for what would become a multibillion-dollar enterprise. Together, they founded Lerner Enterprises, which today stands as one of the largest real estate firms in the Washington, D.C. area. The company’s portfolio includes office buildings, shopping centers, hotels, and residential properties, making it a dominant force in the region.

The success of Lerner Enterprises can largely be attributed to Ted’s sharp business acumen and Annette’s unwavering support. While Ted took the lead in the business, Annette was always a behind-the-scenes partner, helping him navigate the challenges of expanding their real estate holdings. Over the years, the company grew exponentially, eventually becoming a cornerstone of D.C.’s real estate industry. As Ted’s health began to decline, Annette, alongside their children, continued to oversee the family’s growing fortune. When Ted passed away in February 2023, Annette and her children inherited the immense wealth that had been created from years of hard work.

One of the family’s most high-profile investments is the Washington Nationals, a Major League Baseball team they have owned since 2006. The Lerners’ acquisition of the team was a significant moment in both their business and personal lives. The family had long been passionate baseball fans, and owning a team was a dream come true. Under Ted’s leadership, the Lerners transformed the Nationals into a beloved institution in the city, bringing a sense of pride and excitement to the D.C. area. In 2018, Ted passed control of the team to his son Mark, who had been groomed to take over the family’s business empire. Mark’s leadership has continued to build on his father’s legacy, maintaining the Nationals as a significant part of the family’s portfolio.

In addition to their business achievements, the Lerners are known for their philanthropic endeavors. Over the years, the family has donated millions of dollars to causes close to their hearts, including children’s health, education, and the arts. One of their most notable contributions has been to Children’s National Hospital in D.C., which has received substantial support from the family to fund medical research, improve facilities, and support families in need. The Lerners have also made generous donations to George Washington University, helping to fund scholarships, research initiatives, and other programs that benefit students and faculty. Their charitable giving extends internationally as well, with contributions to Hebrew University in Jerusalem, where they have supported educational and research initiatives aimed at fostering cross-cultural understanding and innovation.

Annette and Ted’s children have played an integral role in continuing the family legacy. Their son, Mark, as mentioned, has taken control of the Washington Nationals and is responsible for the team’s operations and success. His leadership has been marked by efforts to engage with the community and maintain the Nationals’ presence in the hearts of D.C. fans. Ted and Annette’s daughters have also remained active in the family’s charitable work, overseeing initiatives that promote education and healthcare. The family’s commitment to giving back has only grown in recent years, with a focus on ensuring that the wealth they have accumulated is used to make a positive impact on the world around them.

The story of Annette and Ted Lerner’s rise to success is one of resilience, entrepreneurship, and family. What began with a small loan in 1952 grew into one of the largest real estate empires in the United States, with investments that have shaped Washington, D.C.’s skyline and culture. The Lerners’ ownership of the Washington Nationals has cemented their place in the city’s history, and their philanthropic efforts continue to touch countless lives. Annette Lerner’s leadership and vision, alongside her family’s continued dedication to giving back, ensure that their legacy will endure for generations to come.

Annette’s journey, marked by perseverance and an unwavering commitment to her family’s values, showcases the power of hard work and vision in creating lasting success. Her story is a reminder that success is not just about business achievements but about the positive impact one can have on the community and the world. As the family continues to lead Lerner Enterprises, support the Washington Nationals, and contribute to various charitable causes, their influence will undoubtedly be felt for years to come.