Lerner Family Considering Sale Of Washington Nationals
Mark Lerner, the son of Lerner Enterprises founder Ted Lerner and the current managing principal owner of the franchise, described it as an "exploratory process" and told the Post he has no set timeline or expected outcome. A team spokesperson told the Post that no options have been eliminated and that a full transfer of ownership is possible.
The Lerners bought the franchise for $450M in 2006, shortly after the MLB brought it to D.C., ending a 33-year professional baseball drought in the city. The family negotiated a deal to bring the franchise to what is now Nationals Park in Navy Yard, opening the ballpark in 2008.
Lerner Enterprises has developed office and residential properties in the vicinity of the ballpark, including the 190K SF office building at 20 M St. SE and the 244-unit 1000 South Capitol Street apartments.
Lerner has also developed a huge amount of real estate in Northern Virginia, including Tysons Corner Center, Tysons II and the Dulles Town Center mall.
Ted Lerner's estimated net worth has declined recently, from its peak at $5.5B in 2016 to $3.7B in 2020. It's now estimated at roughly $4.5B, all according to Forbes.