The Baton Rouge Area Foundation has taken the leadership role in master planning a world-class Water Campus to be built just south of the Mississippi River Bridge in downtown Baton Rouge, Louisiana.
For over twenty five years The Foundation has embarked on even bigger projects. In North Carolina, CPRT is developing Kannapolis Crossing, a 318 acre master-planned community. In Downtown Baton Rouge CPRT constructed a multi-use complex that consist of an office building for IBM's Global Delivery Center and 525 Lafayette, an ten-story residential tower consisting of 85 luxury apartments. And most recently, the Baton Rouge Area Foundation and CPRT have taken the leadership role in developing and managing the Water Campus, a 35 acre complex that will promote an environment of shared resources and relationships dedicated to creating a new knowledge economy based on the study of water and the critical issues we face regarding coastal protection and restoration.
Today, CPRT is led by Carolyn Martin. She brings more than three decades of real estate management and expertise to the firm. Under her leadership, CPRT has become a nationally recognized real estate investment trust that is developing new and leading-edge real estate developments across the American Southeast. She continues to ensure that the firm holds true to its heritage and continues to make significant financial and quality-of-life contributions back to the communities that CPRT serves.
Commercial Properties Realty Trust was born from an era of strip centers and Mr. Marvin's dream of seeing his company become something more philanthropic after he was gone. Today, it has become a company that prides itself on the redevelopment of real estate properties that have real purpose. The company has a new look, the projects are bigger, but we will always seek out projects that make a difference and contribute to the overall vision and mission of the Baton Rouge Area Foundation and the philanthropic intentions of Wilbur Marvin.
CPRT has sought out, found or created development projects that define Real Estate with a Real Purpose. In every project we undertake, CPRT looks to establish long-term value and impact for not only its properties but the community as well. Bringing economic health to a community development requires a great deal of expertise and a dedication to partnership and collaboration with all aspects of that community. These partnerships have brought forth the successful re-development of historic downtown Baton Rouge with the development of The Shaw Center for the Arts, the complete renovation of the Hilton Capitol Center and the re-purposing of abandoned old city dock area for The Water Campus, a research center dedicated to studying the effects - and creating solutions – for the critical issues of coastal protection and restoration. As a result of an innovative partnership between Baton Rouge Area Foundation, CPRT, the State of Louisiana, and the City of Baton Rouge, IBM now has opened a new Service Delivery Center, bringing 800 new jobs to downtown Baton Rouge. This collaboration has resulted in expanded higher-education computer science programs at LSU, as well as a major new riverfront development that has accelerated the revitalization of downtown Baton Rouge. In every case, CPRT has developed far more than just the physical structure of the real estate development. CPRT has contributed to the economic development and overall growth of the communities we have invested in.
Commercial Properties Development Corporation was founded in 1951 by Baton Rouge businessman, Wilbur Marvin. The company acquired, developed, and leased neighborhood and community shopping centers. In 1992, after forty successful years, Mr. Marvin established the Wilbur Marvin Foundation –a supporting organization of the Baton Rouge Area Foundation, and structured what would become Commercial Properties Realty Trust as the foundation's real estate entity in order to generate funds for civic and charitable causes. This was a defining moment for the Marvin family legacy and an even greater moment for the future of Baton Rouge. Mr. Marvin certainly realized that his foundation would impact this community, but even he would never have imagined the significant contributions his foundation would make.
To seek out development opportunities that add to the greater good, and operate a commercial real estate company that ensures profitability while making a difference in the communities where we invest.
To use our experience, expertise, creativity and exceptional reputation to provide operational excellence as a trusted commercial real estate company with extraordinary assets for long-term value and impact.
The Baton Rouge Area Foundation is a community foundation with over $600 million in assets. The Foundation connects philanthropists with nonprofits to make sure the needs of communities are met.
CPRT works in partnership with BRAF as its real estate investment trust, managing and developing the property holdings of the Baton Rouge Area Foundation. Because of this relationship with a community foundation, a portion of the profits are shared for improving the quality of life in areas where CPRT operates. By combining operational property management expertise with CPRT's reputation as a trusted and unique commercial real estate developer, CPRT looks to establish long-term value and impact for not only its properties but the community as well.
After decades of providing the vision and the resources necessary to enhance the quality of life throughout south Louisiana, the Baton Rouge Area Foundation is celebrating its 55th anniversary this year.
To learn more about the Baton Rouge Area Foundation visit www.BRAF.org
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