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PROSPECTUS DATED DECEMBER 17, 1998 PRICING SUPPLEMENT NO. 1
PROSPECTUS SUPPLEMENT DATED AUGUST 15, 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: $30,000,000
AGENT'S DISCOUNT OR COMMISSION: 0.600% ($180,000)
NET PROCEEDS TO US: 099.4% ($29,820,000)
INTEREST RATE: 7.925%
MATURITY DATE: August 20, 2007
ORIGINAL ISSUE DATE: August 18, 2000
TRADE DATE: August 15, 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:
DISCOUNT NOTES: |_| Yes |X| No
Issue Price:
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
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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: The notes will initially be limited to $30,000,000
in aggregate principal amount. 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 this initial issuance of notes.
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