Company Overview
Highlights
Subsidiary AMB Capital Partners manages investors’ industrial and retail properties.
Operates as a Real Estate Investment Trust (REIT).
In 1997, it became the first company of its kind to successfully go public.
AMB is a real estate investment trust specializing in the management of commercial properties in major metropolitan markets. The company controls just under 1,000 buildings totaling about 115 million square feet in some 40 major metropolitan areas as of 2006. AMB specifically targets properties in highly developed, supply-constrained locations (those possessing natural or governmental obstacles to additional industrial development, generating a higher demand), adjacent to airports, seaports, and interstate highways to expedite inventory flow for its customers. For example, FedEx is one of AMB’s most prominent customers (as are Deutsche Post and the U.S. Government). Most of AMB’s holdings are located in Southern California, the San Francisco Bay Area, Chicago, the New York Metropolitan Area, and Seattle. The company made moves to expand internationally by opening an office in Amsterdam in 2002 and hopes overseas markets will account for 15 percent of its portfolio by 2007. AMB says it plans to target markets in Mexico, Europe, and East Asia; in 2005 it acquired a 41 percent interest in the Mexican real estate giant G. Acción, creating a $700 million joint venture south of the border.