UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 17, 2007
AMB PROPERTY, L.P.
(Exact Name of Registrant as Specified in Charter)
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| Delaware | | 001-14245 | | 94-3285362 |
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(State or Other Jurisdiction of
Incorporation) | | (Commission
File Number) | | (I.R.S. Employer
Identification Number) |
Pier 1, Bay 1, San Francisco, California 94111
(Address of Principal Executive Offices) (Zip Code)
415-394-9000
(Registrant���s telephone number, including area code)
n/a
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
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| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On April 17, 2007, we redeemed all 800,000 of our outstanding 7.95% Series J Cumulative Redeemable Preferred Limited Partnership Units from a single institutional investor and all 800,000 of our outstanding 7.95% Series K Cumulative Redeemable Preferred Limited Partnership Units from another single institutional investor. We redeemed the Series J Cumulative Redeemable Preferred Limited Partnership Units for $40.0 million, plus an additional $8,888.89, representing payment in full of the amount of accrued and unpaid distributions on the Series J Cumulative Redeemable Preferred Limited Partnership Units. We redeemed the Series K Cumulative Redeemable Preferred Limited Partnership Units for $40.0 million, plus an additional $8,888.89, representing payment in full of the amount of accrued and unpaid distributions on the Series K Cumulative Redeemable Preferred Limited Partnership Units.
On April 17, 2007, one of our subsidiaries, AMB Property II, L.P., a Delaware limited partnership, repurchased all 510,000 of its outstanding 8.00% Series I Cumulative Redeemable Preferred Limited Partnership Units from a single institutional investor. AMB Property II, L.P. repurchased the units for $25.5 million, plus an additional $124,318.69, representing payment in full of the amount of accrued and unpaid distributions, less applicable withholding, on the Series I Cumulative Redeemable Preferred Limited Partnership Units.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | AMB Property, L.P.
(Registrant)
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| | By: AMB Property Corporation,
its General Partner
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| Date: April 23, 2007 | By: | /s/ Tamra D. Browne | |
| | | Tamra D. Browne | |
| | | Senior Vice President, General
Counsel and Secretary | |
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