Ted Lerner, a titan of real estate in Greater Washington who later became the principal owner of the Washington Nationals, died Sunday. He was 97.
The cause of death was complications from pneumonia, according to Jennifer Mastin Giglio, chief communications officer of the Nationals.
Lerner founded his real estate business in 1952, starting it with a $250 loan from his wife, Annette, and grew it to one of the largest and most diversified private developers in the country. Today, the 500-plus-person company works on everything from development and construction to property management, with a portfolio that spans the region, having developed more than 20 million square feet and built more than 22,000 houses and 6,000 apartments.
“Ted Lerner was a legend in our business,” said Doug Firstenberg, founding principal of Stonebridge, a Bethesda development firm. “From pioneering developments throughout the region and their diversity of developments — it is breathtaking to see what he…
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