The Baton Rouge Area Foundation’s real estate company has sustained significant financial losses over the past decade. Here’s a look at its new investment strategy.

On Aug. 15, attorneys for a northeastern-based investment trust bought back the nearly 800,000-square-foot Bon Carré Business Center for $10,000 in a foreclosure sale on the steps of the federal courthouse downtown. The auction lasted just minutes, an anticlimactic end to a lawsuit filed months earlier, when Bon Carré’s owner—the Baton Rouge Area Foundation’s real