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

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. Cherner owns and operates 40+ locations, and has sold several locations. Cherner holds a minority ownership stake in Caliber.

Cherner Development Group currently owns 40+ locations leased to Caliber Collision across the Mid-Atlantic

Go! Wash

In 2019, Cherner launched its first GO! Wash location, a state-of-the-art express car wash in Cambridge, Maryland, with two additional locations that opened in 2020 and several more planned to open in 2021.

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.