Jordan Schnitzer, president of Schnitzer Properties.

Commercial real estate investment, development and management company Harsch Investment Properties announced Jan. 3 that the company’s new name is Schnitzer Properties. A statement from the Portland-based company said the name change honors the past and carries forward the company’s connection with the philanthropic endeavors by the Schnitzer family.

Jordan Schnitzer is the president of Schnitzer properties. The company’s former name, Harsch, comes from the first three letters of the original founder’s first and last names, Harold Schnitzer.

“My father, Harold Schnitzer, founded this company in 1951 and instilled a powerful connection between who we are as a business and what we have done to make our communities better and brighter,” said Jordan Schnitzer in a statement. “At Schnitzer Properties, we will continue to do what we have always done: grow as a dynamic real estate investment company while giving back to the community to help improve the lives of others.”

Schnitzer Properties currently owns and manages 28 million square feet of office, retail, multifamily, and industrial properties across six western states, and employs a team of more than 300 people.

Giving back to the community is a big priority for Schnitzer Properties, asserting that the name change will honor and reaffirm its connection with the nonprofits and philanthropic foundations the company supports. Jordan Schnitzer also serves as the president of the Jordan Schnitzer Family Foundation and The Harold & Arlene Schnitzer CARE foundation.

“Over the years, because of the success of the business, the Schnitzer family has donated over $200,000,000 to hundreds of nonprofits,” Jordan Schnitzer said in a statement. “On behalf of our dedicated staff of Schnitzer Properties, and my family, I hope we continue to help make all of our communities better.”