Portfolio

Cherner Properties

Cherner Properties owns and operates varied commercial real estate interests and land holdings across the Mid-Atlantic. Property types include multifamily, office, automotive, retail, and hospitality.

The View at Tysons

In 2020, Cherner sold +/- 7.5 acres of land in Vienna, VA, capitalizing on a lengthy zoning and entitlement process. The site, now known as The View at Tysons, is a planned mixed-use development project with direct access to the Spring Hill Metro. The development will comprise of 3+ million square feet of mixed-use space including a performing arts center, 110,000 square feet of retail, a 300,000 square foot hotel, 1.14 million square feet of residential, and 1.43 square feet of office.

The View at Tysons photo

The Cosmopolitan

In 2020, Cherner added The Cosmopolitan at Reston Town Center to its holdings, a 289-unit luxury apartment building located in the heart of Reston, Virginia.

Cosmopolitan photo

The Lofts at Brentwood

In 2021, Cherner acquired The Lofts at Brentwood, a 2020-built, 70-unit multifamily property located in Nashville, TN. Lofts at Brentwood is a mid-rise community with a mix of 36 studio units, 17 one-bedroom/one-bathroom units and 17 two-bedroom/two-bathroom units. The units feature ten-foot ceilings, washers & dryers, stainless steel appliances, custom granite countertops, and walk-in closets. The Property is ideally positioned in the epicenter of the I-24 business corridor, surrounded by thousands of jobs and numerous large-scale mixed-use projects on the horizon, validating the submarket’s viability. The Property benefits from excellent connectivity within the Southeast submarket and the greater Nashville MSA, and has almost immediate access to the Nashville International Airport.

The Lofts at Brentwood photo

Walnut Commons

In 2021, Cherner acquired Walnut Commons, a 100 unit multifamily property located in the heart of downtown Chattanooga, TN. Positioned in Chattanooga’s rapidly expanding urban core, residents of Walnut Commons are within walking distance of the area’s finest dining, nightlife, and cultural amenities as well as notable national employers and the University of Tennessee Chattanooga campus. Downtown Chattanooga is evolving with millions of dollars in mixed-use, lifestyle and destinations proposed or underway – Walnut Commons has a front row seat to it all.

Walnut Commons photo

Bread Factory Lofts

In 2021, Cherner acquired The Bread Factory Lofts, a 26 unit multifamily property located in the trendy and dynamic Southside neighborhood of downtown Chattanooga, TN. The Bread Factory Lofts were originally built in the 1920's as the Holsom Bread Factory. In 2003, the building was transformed into uniquely designed apartment homes. A new contemporary way of living intertwined with the historical aspects of the building, provide an exceptional and fresh lifestyle. The original elements of the factory along with exposed bricks, beams, and duct work, create the unique characteristics of the Bread Factory Lofts. A blend of these historical aspects and the addition of modern accents adds to the individuality of each apartment home.

Bread Factory photo

Artemis

In 2021, Cherner acquired Artemis Midtown, a 146 unit multifamily property located in the heart of Nashville’s massive Medical District. Midtown Medical District includes three nationally-ranked hospitals as well as 250+ clinics, doctors’ offices, and healthcare companies. Midtown is experiencing a massive surge in commercial development. Less than one mile from Downtown and the Gulch, Artemis is walkable to Nashville Yards, home to Amazon’s Campus and AEG’s Nashville Live, boasting over 7M SF of office space and over 150,000 jobs, including 5,000 new high-paying Amazon jobs. Artemis was built in 2015 and has experienced recent renovations – the property’s tenant lounge, fitness center, and pool are state-of-the-art allowing residents to enjoy the highest-end amenities in the marketplace.

Artemis photo

The Hillson

In 2021, Cherner acquired The Hillson, a Class A, 248-unit garden style community located in the dynamic Southeast Submarket of Nashville, TN. Delivered in September 2021, the 9 residential buildings feature a thoughtfully designed clubhouse with “work from home” office space, a state-of-the-art fitness center, a game room and outdoor bocce ball court, a community market, a resort style infinity edge pool with cabanas, fire pits, and a pet spa. The units feature private balconies, large closets, stainless steel appliances, designer backsplashes, and granite countertops. Hillson is ideally positioned in the epicenter of the I-24 business corridor, surrounded by thousands of jobs and numerous large-scale mixed-use projects on the horizon, validating the submarket’s viability.

Hillson photo
Deerbrook Logo

Deerbrook Marketplace

In 2021, Cherner’s lending platform closed on the mezzanine financing of Deerbrook Marketplace, a 360,250 RSF institutionally owned and operated regional power center strategically positioned in the heart of Humble, Texas Northeast of Houston. Placed at the intersection of two of Houston’s major thoroughfares, U.S. Highway 59 and FM 1960, Deerbrook Marketplace, is located within the epicenter of one of Houston’s strongest retail submarkets. Surrounded by a strong demographic base, the center has attracted a dedicated base of nationally recognized tenants. Deerbrook Marketplace benefits from being one of only three Power Centers in the Humble/Kingwood area, enhancing its presence in the submarket with an extremely diverse and sticky tenant base.

Deerbrook photo

Evergreen at Werthan

In 2021, Cherner acquired Evergreen at Werthan, a 92-unit, two and three story Class A apartment community located in Nashville, Tennessee. Built in 2013, Evergreen at Werthan is a mid-rise community with a mix of 82 one-bedroom/one-bathroom units, 3 three-bedroom/two-bathroom units and 7 three-bedroom townhome units. The property features nine-foot ceilings, a resort style pool and expansive floorplans with select attached private garages. Evergreen at Werthan is centrally located in the Germantown submarket which offers unrivaled walkability to restaurants and unique attractions including the Cumberland River Greenway, First Horizon Baseball Park and the Nashville Farmers Market.

Evergreen photo

1577 Spring Hill Road

In 2021, Cherner added 1577 Spring Hill Road to its holdings. 1577 is located on the southeast quadrant of the intersection of Spring Hill Road and Leesburg Pike in Tysons Corner (Vienna, VA). The existing improvements include a 118,800 RSF office building with six stories and 412 surface parking spaces (3.5 per 1,000 SF). The property is steps away from the Spring Hill Metro Station (Silver Line) and approximately a quarter mile from the Dulles Toll Road. The location is unmatched, with what is likely the closest front door to a Metro stop within Tysons Corner providing for easy access to downtown Washington, DC.

1577 Spring Hill photo

The View at Muriel

In 2021, Cherner completed The View at Muriel, a boutique townhome project at 1122 Muriel Street in Pittsburgh, PA. The townhomes feature high end finishes, sky courts, and private balconies with gas fireplaces and spectacular views of downtown Pittsburgh.

The View at Muriel photo

Caliber Collision

Caliber Collision is the largest collision repair company in the United States. Following Caliber’s acquisition of Cherner Collision Centers in 2015, Cherner joined Caliber as a Development and Acquisition Partner, and began acquiring real estate leased to Caliber. In 2021, Cherner sold the majority of its Caliber portfolio to Realty Income, one of the largest Net Lease REITs in the country.

Cherner Development Group is currently building its second portfolio of locations leased to Caliber Collision.

Go! Wash

In 2019, Cherner launched its first GO! Wash location, a state-of-the-art express car wash in Cambridge, Maryland. In 2021, Cherner opened two additional locations in Easton, Maryland. Several more locations are planned to open in 2022.

Go! Wash photo

Capital Automotive REIT

Cherner is a founding member of Capital Automotive REIT (CARS). In 1997, Cherner joined three additional families to take the real estate investment trust public. The Company invests in real property and the improvements used by operators of multi-site, multi-franchised motor vehicle dealerships, and motor vehicle related businesses. Capital Automotive provides trust services in major metropolitan areas throughout the United States. Brookfield Properties acquired Capital Automotive in 2014.

Rapid Finance

In 2006 Cherner founded Rapid Advance (now Rapid Finance), and in 2013 Cherner successfully sold the company to Rockbridge Growth Equity. Rapid Finance is a technology-powered financial services company that provides working capital to small and medium-sized businesses in the United States. As a sister company of Quicken Loans, the company offers small and medium business loan programs to business owners across a wide variety of industries. Cherner remains a minority shareholder in the company.

Elevate Funding

In 2013, Cherner founded Elevate Funding, a small business funding company based out of Northern Florida. Elevate’s mission is to help merchants get back on their feet, catch up with expenses, and continue to run successful businesses.

Holistic Industries

Cherner owns a minority stake in Holistic Industries – the largest private vertically-integrated multi- state operators in the cannabis industry. With an industry-recognized reputation for deeply caring about the people who work and shop with Holistic and for consistently delivering significant growth since its inception, the company is considered the Best Place to Work, Shop and Invest in Cannabis. Led by Founder and CEO Josh Genderson, Holistic will continue to win licenses, grow its substantial footprint and broad capabilities, and be responsible stewards of capital.