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): February 5, 2001
AmeriVest Properties Inc.
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(Exact name of registrant as specified in its charter)
Maryland 1-14462 84-1240264
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1800 Glenarm Place, Suite 500, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 297-1800
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Item 9. Regulation FD Disclosure.
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The following information may be presented during meetings with investors
or others to be held at any time after the date of this report:
One of our initiatives for 2001 is an even more focused communications
effort with our shareholders and the general investment community. In that
spirit, enclosed for your review is a chart we've prepared showing AMV's
total return to stockholders over the past four years compared to that of
the S & P 500 and the real estate industry. This data is as reported by
Morningstar, Inc. As you will see, AmeriVest's stock has outperformed the
industry's return by a wide margin and has also exceeded the S & P's return
over the four-year period. We are pleased with this performance and hope
that it compares favorably to the rest of your portfolio.
AMV underwent many significant changes during 2000. Our stock listing
moved from the NASDAQ small cap market to the American Stock Exchange,
which notably improved the stability of our stock price. We raised a
significant amount of additional equity capital by means of a new share
offering in the summer of 2000. We began a systematic effort in the area of
investor relations which, as noted above, we intend to continue and expand
in 2001. We sold all the company's non-office building assets and
reinvested the proceeds in two attractive multi-tenant office properties in
Denver. Our intense focus on, and proven expertise in, the segment of the
office market serving small and medium-sized tenants distinguishes us from
our competitors and, we believe, represents an excellent opportunity for
superior performance going forward. Most importantly to you and to us, the
cumulative impact of these various actions has resulted in a rising share
price; AMV shares have increased from $ 4.375/share at 12/31/99 to well
above $5.00/share today. We believe that the current price is still well
below the fair value for our stock.
Our investor relations effort is taking us on the road to meet with
our major shareholders and potential new shareholders during the next
several months. We plan to visit Phoenix, Atlanta, New York City, San
Francisco, Southern California and Chicago, and hope that you will have the
opportunity to attend one of our presentations in those locations. We would
be delighted to see you in person. Please call Connie Werth in our office
for more details regarding these meetings. We also strongly encourage you
to telephone either of us at any time with any questions regarding your
company and its prospects.
AmeriVest Properties Inc.
Total Return* to Shareholders
AmeriVest% Industry % S & P 500%
1 Year 18.1 12.2 -9.1
2 Year Avg. 21.6 4.2 6.0
3 Year Avg. 14.4 -2.2 13.5
4 Year Avg. 21.7 4.8 18.5
Source: Morningstar, Inc. (Morningstar.com) as of 12/31/00
*Total return based on stock price appreciation and reinvestment of all
dividends.
In accordance with General instruction B.2. of Form 8-K, the information in
this report shall not be deemed "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934, nor shall it be deemed incorporated by
reference in any filing. This report does not constitute a determination of
whether any information included in this report is material.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERIVEST PROPERTIES INC.
Date: February 5, 2001 By: /s/ Charles K. Knight
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Charles K. Knight, President