Michael V. Prentiss

MICHAEL V. PRENTISS serves as Chairman and Chief Executive Officer of
the Company and has served in such capacity since its formation in
October 1996. Mr. Prentiss, the founder of PPL, has over 25 years
experience in real estate development, acquisitions and investment
management and has acquired or developed properties with an aggregate
value in excess of $2 billion. From 1987 to 1992 he served as President
and CEO of PPL, and since 1992, he has served as its Chairman and CEO.
From 1978 to 1987, Mr. Prentiss served as President of Cadillac Fairview
Urban Development, Inc. (‘Cadillac Urban’), Executive Vice President and
member of the Board of Trustees of Cadillac Fairview Corporation Limited
(‘Cadillac Fairview’), and a member of Cadillac Fairview’s Executive
Committee. Cadillac Urban was the largest business unit of Cadillac
Fairview, responsible for all of its office, mixed-use and suburban
office park development activity in the U.S. and Canada. Prior to 1978,
Mr. Prentiss was President of Ackerman Development Company. Mr. Prentiss
is a Baker Scholar of the Harvard Graduate School of Business
Administration. He holds a Bachelor of Science degree in Civil
Engineering and a B.A. degree in Business Administration from Washington
State University.