EXHIBIT 99.7

                        [MOORS & CABOT, INC. LETTERHEAD]



Dear Prospective Investor:

As you requested, enclosed is a copy of the AMB Property Corporation Dividend
Reinvestment and Direct Purchase Plan Prospectus and related enrollment
materials. To comply with the securities laws and regulations of certain
states, the Plan materials have been sent to you by Moors & Cabot, Inc., a
registered broker/dealer. Please review the Prospectus for complete details
regarding the Plan.

Enrollment materials relating to the Plan should be addressed to BankBoston
N.A., the Plan Agent, at the address and telephone number set forth in the
Prospectus.

Moors & Cabot, Inc. is forwarding these materials to you on behalf of AMB
Property Corporation. We make no recommendations on this offer nor do we assume
any responsibility for the accuracy of the statements made in the enclosed
materials.

Very truly yours,
Moors & Cabot, Inc.