AMB PROPERTY CORPORATION, a Maryland corporation, is one of the leading owners and operators of industrial real estate nationwide. The Company’s investment strategy is to become a leading provider of High Throughput Distribution (HTD) properties located near key passenger and air cargo airports, key interstate highways and ports in major metropolitan areas (such as Atlanta, Chicago, Dallas/Fort Worth, Northern New Jersey, the San Francisco Bay Area and Southern California).

Within each of the markets, the Company focuses its investments in in-fill submarkets. In-fill submarkets are characterized by supply constraints on the availability of land for competing projects. High Throughput Distribution facilities are designed to serve the high-speed, high-volume freight handling needs of today's supply chain, as opposed to functioning as long-term storage facilities.

Through a subsidiary, AMB Property, L.P., a Delaware limited partnership, the Company is engaged in the acquisition, ownership, operation, management, renovation, expansion and development of primarily industrial properties in target industrial markets nationwide.

The Company is self-administered and self-managed. As a self-administered and self-managed real estate investment trust, the Company’s own employees perform administrative and management functions, rather than relying on an outside manager for these services.

The principal executive office of AMB Property Corporation and the operating partnership is located at 505 Montgomery Street, San Francisco, California 94111, and the telephone number is (415) 394-9000. The Company also maintains a regional office in Boston, Massachusetts. As of December 31, 1999, the Company employed 145 individuals ¾ 109 at the San Francisco headquarters and 36 in the Boston office.