Founded in 1987 by Michael V. Prentiss, Prentiss Properties, Inc. (PPL) began operation as a full-service real estate company specializing in the management, leasing, acquisition, development and operation of office buildoings, mixed-use complexes, suburban business parks and industrial facilities in major markets throughout the United States. The initial portfolio of owned properties was acquired in one of the most complex real estate transactions in US history, from Cadillac Fairview Urban Development, the US unit of a former Canadian company, of which Michael Prentiss and other principals were senior officers.

Prentiss Properties Trust is a self-administered and self-managed real estate investment trust ("REIT"). It owns interests in 143 operating properties with 18.0 million square feet and 3 development projects containing 445,000 square feet. The Company, through various management subsidiaries, is one of the 20 largest managers of office and industrial properties in the US, managing approximately 37.1 million square feet of office and industrial properties owned by Prentiss, its affiliates and third parties.

With its headquarters in Dallas, Prentiss Properties focuses on the ownership of office properties in Metropolitan Washington, DC, Chicago, Dallas, Austin, Northern California and Southern California. It is a full service real estate company with in-house expertise in areas such as acquisitions, development, facilities management, property management and leasing.