Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AmeriVest Properties, Inc.
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(Name of Issuer)
Common Stock, Par Value $.001
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(Title of Class of Securities)
03071L101
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(CUSIP Number)
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William T. Atkins, et al.
1780 S. Bellaire Street, Suite 515
Denver, CO 80222
303-297-1800
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 28, 2001
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. / /
NOTE: Schedules filed in paper format shall include a signed original and
five copies of this schedule, including all exhibits. See ss. 240.13d-7
for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN
THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A
CURRENTLY VALID OMB CONTROL NUMBER.
SEC 1746 (03-00)
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
William T. Atkins
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
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NUMBER OF 7 SOLE VOTING POWER
SHARES 41,673
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,365,901
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 41,673
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,365,901
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,407,574
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.4%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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2
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Alexander S. Hewitt
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
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NUMBER OF 7 SOLE VOTING POWER
SHARES 59,794
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,365,901
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 59,794
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,365,901
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,425,695
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.9%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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3
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Investments, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) | |
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,057,346
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,057,346
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,057,346
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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4
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Development, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) | |
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,057,346
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,057,346
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,057,346
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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5
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Realty Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) | |
(b) | |
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 205,221
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 205,221
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,221
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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6
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Realty Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) | |
(b) | |
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 205,221
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 205,221
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,221
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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7
Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, $0.001 par value of AmeriVest
Properties, Inc., a Maryland corporation, having its executive offices at 1780
S. Bellaire Street, Suite 515, Denver, CO 80222.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement are:
(a) William T. Atkins, a United States citizen, whose business address is 1780
S. Bellaire Street, Suite 515, Denver, CO 80222. Mr. Atkins is the
President of Sheridan Realty Corp., 1780 S. Bellaire Street, Suite 515,
Denver, CO 80222. The principal business of Sheridan Realty Corp. is real
estate investment, development and management. Mr. Atkins is also Chairman
and CEO of the Issuer.
(b) Alexander S. Hewitt, a United States citizen, whose business address is
1780 S. Bellaire Street, Suite 515, Denver, CO 80222. Mr. Hewitt is an
Executive Vice President of Sheridan Realty Corp., 1780 S. Bellaire Street,
Suite 515, Denver, CO 80222. The principal business of Sheridan Realty
Corp. is real estate investment, development and management. Mr. Hewitt is
a Vice Chairman and a Vice President of the Issuer.
(c) Sheridan Investments, LLC, a Delaware limited liability company ("SI"),
whose business address is 1780 S. Bellaire Street, Suite 515, Denver, CO
80222. The principal business of SI is real estate investment,
development, and management.
(d) Sheridan Development, LLC, a Delaware limited liability company ("SD"),
whose business address is 1780 S. Bellaire Street, Suite 515, Denver, CO
80222. The principal business of SD is real estate investment,
development, and management. SD is the manager of SI. Mr. Atkins and Mr.
Hewitt are co-managers of SD.
(e) Sheridan Realty Partners, L.P., a Delaware limited partnership ("SRP"),
whose business address is 1780 S. Bellaire Street, Suite 515, Denver,
CO 80222. The principal business of SRP is real estate investment,
development, and management.
(f) Sheridan Realty Corporation, a Delaware corporation ("SRC"), whose
business address is 1780 S. Bellaire Street, Suite 515, Denver, CO 80222.
The principal business of SRC is real estate investment, development, and
management. SRC is the general partner of SRP.
During the last five years, neither Mr. Atkins, Mr. Hewitt, SI, SD, SRP, nor SRC
has (i) been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction making either one of them
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
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Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The transactions covered by this statement include:
(a) the receipt of common stock from Issuer on December 26, 2000, as
consideration in exchange for the purchase of a key man insurance policy
issued with respect to Mr. Atkins to SI.
(b) the receipt of common stock from Issuer on June 25, 2001, as
consideration in exchange for the interest in an office building from SI.
(c) the receipt of common stock under the Issuer's dividend reinvestment plan
with respect to some or all of these transactions and other previously
disclosed transactions.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of this transaction is for investment. Item 3 is incorporated herein
by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Items 3 and 4 are incorporated herein by reference.
(a) Mr. Atkins beneficially owns and has the sole power to vote and dispose of
(A) 33,469 shares of Issuer common stock held by him, (B) 204 shares of
Issuer common stock held by his minor children, and (C) options to acquire
an additional 12,000 shares of Issuer common stock (of which options with
respect to 8,000 shares of Issuer common stock are reportable at this
time).
(b) Mr. Hewitt beneficially owns and has the sole power to vote and dispose of
59,249 shares of Issuer common stock and warrants to acquire an additional
545 shares of Issuer common stock.
(c) Mr. Atkins and Mr. Hewitt are each one of five directors of Rock River
Trust Company ("RRTC"), which beneficially owns 87,029 shares of Issuer
common stock, as Trustee of various trusts. RRTC is an Illinois chartered
trust company with a principal business address at 4709 44th Street, Suite
5, Rock Island, IL 61201. RRTC has not, during the last five years, been
convicted in a criminal proceeding nor been party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws. Neither Mr. Atkins nor Mr. Hewitt vote on any matters
before the RRTC board of directors regarding the acquisition, voting, or
disposition of such stock. Mr. Atkins and Mr. Hewitt disclaim beneficial
ownership in such shares.
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Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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(d) Mr. Atkins and Mr. Hewitt are each one of five directors of and a
shareholder in SRC, that is the general partner of SRP. SRP owns 205,221
shares of Issuer common stock. Mr. Atkins and Mr. Hewitt each disclaim
beneficial ownership in such shares.
(e) Mr. Atkins and Mr. Hewitt are each co-manager of SD, the manager of SI. SI
owns 1,073,651 shares of Issuer common stock.
(f) Mr. Atkins, therefore, has sole voting power and sole investment power over
41,673 shares of common stock and shared voting power and shared investment
power over 1,365,901 shares of common stock, representing 32.4% of the sum
of, pursuant to Rule 13d-3(d)(I)(i), (A) 4,329,688 outstanding shares of
the Issuer, (B) options to acquire 8,000 shares of Issuer common stock.
(g) Mr. Hewitt, therefore, has sole voting power and sole investment power over
41,673 shares of common stock and shared voting power and shared investment
power over 1,365,901 shares of common stock, representing 32.9% of the sum
of, pursuant to Rule 13d-3(d)(I)(i), (A) 4,329,688 outstanding shares of
the Issuer, (B) warrants to acquire 545 shares of Issuer common stock.
(h) SI, therefore, has sole voting power and sole investment power over
1,365,901 shares of common stock, representing 24.2% of 4,329,688
outstanding shares of the Issuer.
(i) SD, therefore, has sole voting power and sole investment power over
1,365,901 shares of common stock, representing 24.2% of 4,329,688
outstanding shares of the Issuer.
(j) SRP, therefore, has sole voting power and investment power over 205,221
shares of common stock, representing 4.7% of 4,329,688 outstanding shares
of the Issuer.
(j) SRC, therefore, has sole voting power and investment power over 205,221
shares of common stock, representing 4.7% of 4,329,688 outstanding shares
of the Issuer.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
(a) Mr. Atkins and Mr. Hewitt are business associates. Because their
acquisition, voting, and disposition activities could cause them to be
deemed to be a "group" (as defined in Section 13 of the Securities Exchange
Act of 1934, as amended), Mr. Atkins and Mr. Hewitt have entered into an
agreement evidencing that, unless and until either person decides
otherwise, each will conduct his activities with respect to the Issuer's
securities as if the two of them are a "group" (as defined in Section 13 of
the Securities Exchange Act of 1934, as amended).
(b) Mr. Atkins and Mr. Hewitt each have also entered into a Subscription and
Registration Rights Agreement between himself and the Issuer.
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Schedule 13D
CUSIP NO. 03071L101 AMERIVEST PROPERTIES, INC.
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(c) Mr. Atkins is a member, chairman, and co-manager of, and Mr. Hewitt is a
member of, Sheridan Realty Advisers, LLC, a Colorado limited liability
company ("SRA"), that holds warrants to acquire 750,000 shares of Issuer
common stock, exercisable January 1, 2003, acquired pursuant to an
investment advisory agreement entered into effective January 1, 2000.
(d) Other than these three agreements, there are no contracts, arrangements,
understandings or relationships between the filing persons and any other
party with respect to any of the Issuer common stock owned by Mr. Atkins,
Mr. Hewitt, RRTC, SI, SD, SRC, SRP, SRA, or any other party.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1: Power of Attorney (Sheridan Investments, LLC)
Exhibit 99.2: Power of Attorney (Sheridan Development, LLC)
Exhibit 99.3: Joint Filing Statement
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
JUNE 28, 2001
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Date
/s/ Deborah J. Friedman
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Signature
DEBORAH J. FRIEDMAN, ATTORNEY-IN-FACT
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Name/Title
Power of Attorney for Mr. Atkins and
Mr. Hewitt each filed September 29, 2000
Power of Attorney for Sheridan Investments,
LLC and Sheridan Development, LLC, each
filed as Exhibits to this filing
Power of Attorney for Sheridan Realty
Partners, L.P. and Sheridan Realty
Corporation, each filed September 29, 2000
11