For more than 50 years Pitcairn Properties has built a reputation for promises made and well kept. On behalf of our strategic partners and investors, we develop and manage real estate assets that consistently outperform market expectations. On behalf of our tenants, we offer high-rise offices, residences, and suburban office centers that are distinctive, efficient, and accommodating.
We have developed more than 25 million square feet of Class A Property since our founding in 1968. We have also emerged as the strategic partner of choice - providing asset management and property management services for our institutional partners while also serving as the preferred joint-venture operating partner for renowned institutional partners, publicly traded foreign open-end funds, private foreign funds, and domestic real estate investment trusts. We have aligned ourselves with such distinctive partners as GE Real Estate, SEB Investment GmbH, Claret Capital, GMAC, and Lexington Realty Trust to name a few.
Today, the company's Board of Directors is controlled by PPH Investment LLC. Pitcairn Properties has some $800 million assets under management. This portfolio consists of 2.2 million square feet of office and retail properties. Our development pipeline consists of 65-acres yielding a potential 1.0 million square feet of new residential and office projects in the mid-Atlantic region.