the Washington Nationals — something his son Mark vowed never to do — it’s unclear what Lerner sees around the corner this time, and what it says about the family’s current financial standing. But it comes at a time of great uncertainty for the industry in which Lerner made his fortune.
The reasons for the Lerners’ decision to consider selling the team remain murky. The family has hired an investment bank to manage the process and says it is open to selling all or part of its stake. The team issued a statement to The Post on Monday saying the family real estate empire “continues to thrive.”
Clower isn’t suggesting that the Lerner family is hard up for cash, or even that it’s operating from a position of weakness. Lerner’s success in Washington real estate is unparalleled. He has developed more than 20 million square feet of malls, office parks and apartment buildings from Annapolis to Prince William County — delivering him more than $4 billion in wealth,While it might not be a moment to panic, it could be a moment that requires more attention, Clower said.
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