Land Trust

The first time Yolanda Del Valle came to work at Sherry’s Restaurant, she was a teen covering a friend’s shift at the popular local diner, located for 50-plus years at the corner of Kensington and Ontario Avenues in Philadelphia. Eleven years ago, Del Valle returned to Sherry’s as an employee, doing everything from serving to dishwashing to minding the griddle. This past November, she became the owner. And Sherry’s got a new landlord: its community. The diner’s building, which includes three apartments above the restaurant, was acquired a little over a year ago by the Kensington Corridor Trust, a community-controlled commercial real estate entity that recently celebrated its fifth birthday.