AmeriVest to Purchase Shares for Its DRIP in Open Market

Apr 17, 2001, 01:00 ET from AmeriVest Properties Inc.

    DENVER, April 17 /PRNewswire/ -- AmeriVest Properties Inc. (Amex:   AMV), a
 real estate investment trust which owns 22 office properties serving small to
 mid-sized tenants, announced today that the company will purchase shares of
 AmeriVest common stock for its dividend reinvestment plan (DRIP) in the open
 market for its first-quarter dividend of $0.125 per share, payable today to
 shareholders of record on March 30, 2001.  The purchases will commence today
 and continue until completed.  As of March 30, 2001 approximately 740,625
 shares were enrolled in the DRIP.
 
     About AmeriVest Properties Inc.
     AmeriVest Properties Inc., with its principal office in Denver, Colorado,
 owns 22 office properties, and is a real estate investment trust focused on
 serving small- to mid-sized office tenants in selected markets.
 
     Certain matters discussed in this release are forward-looking statements
 that are subject to risks and uncertainties that could cause actual results to
 differ materially from those projected, including the risks and uncertainties
 of acquiring, owning, operating and disposing of real estate.  Such risks and
 uncertainties are disclosed in the Company's past and current filings with the
 U.S. Securities and Exchange Commission.
 
 

SOURCE AmeriVest Properties Inc.
    DENVER, April 17 /PRNewswire/ -- AmeriVest Properties Inc. (Amex:   AMV), a
 real estate investment trust which owns 22 office properties serving small to
 mid-sized tenants, announced today that the company will purchase shares of
 AmeriVest common stock for its dividend reinvestment plan (DRIP) in the open
 market for its first-quarter dividend of $0.125 per share, payable today to
 shareholders of record on March 30, 2001.  The purchases will commence today
 and continue until completed.  As of March 30, 2001 approximately 740,625
 shares were enrolled in the DRIP.
 
     About AmeriVest Properties Inc.
     AmeriVest Properties Inc., with its principal office in Denver, Colorado,
 owns 22 office properties, and is a real estate investment trust focused on
 serving small- to mid-sized office tenants in selected markets.
 
     Certain matters discussed in this release are forward-looking statements
 that are subject to risks and uncertainties that could cause actual results to
 differ materially from those projected, including the risks and uncertainties
 of acquiring, owning, operating and disposing of real estate.  Such risks and
 uncertainties are disclosed in the Company's past and current filings with the
 U.S. Securities and Exchange Commission.
 
 SOURCE  AmeriVest Properties Inc.