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PROSPECTUS DATED DECEMBER 17, 1998 PRICING SUPPLEMENT NO. 2
PROSPECTUS SUPPLEMENT DATED SEPTEMBER 8, 2000 TO
DATED AUGUST 15, 2000 REGISTRATION STATEMENT NO. 333-68283 AND
REGISTRATION STATEMENT NO. 333-68283-01
RULE 424(b)(3)
AMB PROPERTY, L.P.
MEDIUM-TERM NOTE
(FIXED RATE)
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PRINCIPAL AMOUNT: $25,000,000 (The principal amount of these notes is in
addition to, will be combined with, and, except as set forth below, will
have the same terms as, the $30,000,000 aggregate principal amount of
medium-term notes issued by us on August 18, 2000.)
PRICE TO PUBLIC: 100%
AGENT'S DISCOUNT OR COMMISSION: 0.600% ($150,000)
NET PROCEEDS TO US: 099.4% plus accrued interest from August 18, 2000 to the
date of delivery of $137,586.81 ($24,987,586.81)
INTEREST RATE: 7.925%
MATURITY DATE: August 20, 2007
ORIGINAL ISSUE DATE: August 18, 2000
TRADE DATE: September 8, 2000
SETTLEMENT DATE: September 13, 2000
EXCHANGE RATE AGENT:
|X| State Street Bank and Trust Company of California, N.A.
|_| Other
INTEREST PAYMENT DATES: August 20 and February 20, commencing February 20, 2001
REGULAR RECORD DATES: August 5 and February 5, commencing February 5, 2001
SPECIFIED CURRENCY:
|X| United States Dollars
|_| EURO
|_| Composite Currency:
|_| Other: Principal Financial Center:
AUTHORIZED DENOMINATION:
|X| $1,000 or integral multiples thereof
|_| Other
REDEMPTION:
|X| The Note cannot be redeemed prior to maturity
|_| The Note may be redeemed at the option of the Operating
Partnership prior to maturity Redemption Commencement Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction:
REPAYMENT:
|X| The Note cannot be repaid prior to maturity
|_| The Note may be repaid prior to maturity at the option of the
Holder of the Note
Optional Repayment Date(s):
Repayment Price:
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DISCOUNT NOTES: |_| Yes |X| No
Issue Price:
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
FORM: |X| Book-Entry |_| Certificated
AGENT:
|X| Morgan Stanley Dean Witter
|_| Banc of America Securities LLC
|_| Banc One Capital Markets, Inc.
|_| Chase Securities Inc.
|_| Merrill Lynch & Co.
|_| J.P. Morgan Securities Inc.
|_| Salomon Smith Barney
AGENT'S CAPACITY: |_| Agent |X| Principal
ADDENDUM ATTACHED: |_| Yes |X| No
OTHER/ADDITIONAL PROVISIONS: We may create and issue additional notes with the
same terms as the notes issued hereunder so that the additional notes will
be combined with the initial issuance and this issuance of notes.
