AMB Property, L.P. engages in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. Its industrial properties principally include logistics facilities, centers, or warehouses; distribution facilities, centers, or warehouses; and high throughput distribution facilities. The company, through its subsidiaries, also provides real estate investment services; and develops projects for sale or contribution to third parties. As of March 31, 2007, it owned or had investments in properties and development projects of approximately 128.2 million rentable square feet; and 1,101 buildings in 40 markets within 13 countries. The company also managed approximately 1.5 million rentable square feet. AMB Property Corporation serves as the general partner of the company. The company is headquartered in San Francisco, California. AMB Property LP was formerly a subsidiary of Prologis, Inc.