Portfolio

In 2020, Cherner sold +/- 7.5 acres of land in Vienna, VA, capitalizing on a lengthy zoning and entitlement process. The site 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.

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.

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.

In 2022, Cherner acquired The Eastland, a 2017-built, 49-unit multifamily property with 3,500 SF of retail located in Nashville, TN. The Eastland is a luxury apartment community situated in the heart of the thriving East Nashville neighborhood, a short walk from Oracle’s upcoming multi-billion-dollar HQ2 campus. The Property is a close walk to some of the most popular restaurants, bars, and music venues in Nashville and offers residents a one-of-a-kind living experience that blends seamlessly into East Nashville’s dynamic culture.

In 2022, Cherner acquired 511 Queens, a 64-unit Class A multifamily property located in Charlotte, NC. Built in 2018, 511 Queens is prominently located along the picturesque, tree canopied Queens Road in Myers Park, Charlotte’s most exclusive infill neighborhood. 511 Queens is a top-tier boutique asset featuring custom home-level finishes, large floor plans averaging 1,121 SF, and an appealing amenity set including a fitness center, business center and resident lounge. The property was crafted to offer Myers Park’s elite resident base a best-in-class, single family alternative within a low maintenance, condo-quality community. 511 Queens is ideally situated in the north end of Myers Park offering residents a quiet neighborhood living experience while being just 5 minutes from Charlotte’s bustling Uptown. The property is surrounded by single family homes ranging from $1M-$5M with no new multifamily supply.

In 2022, Cherner's lending platform closed on the mezzanine financing of Lake Pleasant Pavilion, a 178,403 RSF institutionally owned and operated power shopping center located in Peoria, Arizona. The property sits on 19.57 acres of land and is ideally positioned at Peoria's “Four Corners”, home to several complimentary retailers and in the heart of significant residential development with a total of 31,572 new homes within a 5-mile radius of the property. Lake Pleasant Pavilion benefits from attractive demographics with a population of ~160,000 earning an average household income of ~$110,000 within a 5-mile radius. The property is currently occupied by an optimal, mostly national tenant roster led by Super Target (shadow anchor), Marshall's, Downeast Home & Clothing, and BevMo.

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.

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.

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.

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.

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.

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.

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.

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.

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. In 2022, Cherner added Waves Car Wash in Lewes, Delaware and began construction on the second Waves location in Milford, Delaware with two additional Waves locations planned for 2023.