EXHIBIT 99.1
AmeriVest Properties Inc. - Logo
AMEX listed with AMV ticker symbol
AmeriVest Properties Inc.
Forward-looking statement disclaimer
This presentation includes forward-looking statements that include
risks and uncertainties. In the opinion of AmeriVest Properties Inc.,
such statements are believed to be reasonable, but there can be no
assurances that such expectations will prove to be correct. For a
discussion of factors that could affect the outcome, please refer to
the company filings with the Securities and Exchange Commission.
Chart
Source: NAREIT
Equity Market Capitalization
1971 - December 2000 (from $9 billion in 1990 to $138 billion in
2000)
Chart
Source: NAREIT
Performance - REITs Measure Up
The Compounded Annual Total Return 1972 2000
Bonds - 9.10%
Equity REITs - 12.50%
S & P 500 - 13.50%
US Small Stock - 14.70%
Table
AmeriVest Stock Profile
Symbol - AMV
Exchange - AMEX
Shares Outstanding - 2,976,939
Estimated Float - 1,800,000
Annual Dividend Rate - $.50/share
DRIP Enrollment - 669,544/ 23%
Recent Price- $5.25
52 Week Range - $3.31 to $5.50
Market Capitalization - $15,628,929
Fiscal Year End - December 31
Insider Ownership - 25%
Chart
Source: AmeriVest
Dividends Paid Per Share
1997 - $0.45
1998 - $0.465
1999 - $0.48
2000 - $0.49
Chart
Source:http://finance.yahoo.com
AmeriVest Stock Price Graph as of 3-Feb-2001
2 year period April 1999 to February 2001
200 day moving avg.
50 day moving avg.
Graph
Source: Morningstar.com
Total Return to Shareholders Graph(cumulative return from 1/1/97
through 12/31/00 comparing:
AmeriVest Properties Inc.
Industry (Morningstar select real estate companies)
S & P 500
Footnote: Total return based on stock price appreciation and
reinvestment of all dividends.
Table
AmeriVest Properties Inc. Total Return to Shareholders Table
AMV
1 year avg.- 18.1%, 2 year avg.- 21.6%, 3 year avg.- 14.4%,
4 year avg.-21.7%, BETA- 0.32
Industry
1 year avg.- 12.2%, 2 year avg.- 4.2%, 3 year avg. (2.2)%,
4 year avg.- 4.8%, BETA- N/A
S & P 500
1 year avg.- -9.1%, 2 year avg.- 6.0%, 3 year avg.- 13.5%,
4 year avg.- 18.5%, BETA- N/A
Footnote: Total return based on stock price appreciation and
reinvestment of all dividends.
Beta as reported by Blomberg.com as of 2/6/01. (Beta is a
measure of a stock's volatility in relation to market
volatility).
Chart/Table
AmeriVest Management
Organizational Chart
William Atkins - Chairman/CEO
Charles K. Knight - President
John B. Greenman - Vice President
Alexander S. Hewitt -Vice President/ Secretary
D. Scott Ikenberry - CFO
AmeriVest Management
Table
Age
William Atkins - 51
Charles K. Knight - 43
John B. Greenman - 46
Alexander S. Hewitt - 43
D. Scott Ikenberry - 50
Years with Company/Affiliates
William Atkins - 10
Charles K. Knight - 3
John B. Greenman - 6
Alexander S. Hewitt - 10
D. Scott Ikenberry - 7
Years in Industry
William Atkins - 22
Charles K. Knight - 7
John B. Greenman - 11
Alexander S. Hewitt - 10
D. Scott Ikenberry - 22
Chart
Source: AmeriVest
Total Assets
1997 - $12 mm
1998 - $24 mm
1999 - $30 mm
2000 - $42.3mm for 9 months
Charts
Source: AmeriVest
Annual Revenues
1997 - $2.5 mm
1998 - $3.8 mm
1999 - $5.99 mm
9 Month Comparison - Revenues
1999 - $4.312 mm
2000 - $5.271 mm
Charts
Source: AmeriVest
Operating Cash Flow (FFO)
1997 - $450,000
1998 - $755,000
1999 - $1,330,000
9 Month Comparison - FFO
1999 - $915,000
2000 - $1,222,000
Chart
Source: AmeriVest
Earnings Per Share
1997 - $-0.09
1998 - $-0.21
1999 - $0.50
2000 - $1.13 for 9 months
Photo
Sheridan Plaza at Inverness, 383 Inverness Drive South
Photo
1777 S. Bellaire Street, Denver, CO before renovation
Photo
1780 S. Bellaire Street, Denver, CO before renovation
Photo
1805 S. Bellaire Street, Denver, CO before renovation
Rendering
Guy Thornton Architect
1777 S. Bellaire Street, Denver, CO after renovation
Rendering
Guy Thornton Architect
1805 S. Bellaire Street, Denver, CO after renovation
Rendering
Guy Thornton Architect
1780 S. Bellaire Street, Denver, CO after renovation
Rendering
Guy Thornton Architect
South Bellaire Street, Denver, CO
Streetscape/Parking Lot Study
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Sheridan Center Renovation Pro-forma
Total Investment: $10,000,000 at acquisition; $14,000,000 after
renovation
Gross Income: $1,700,000 at acquisition; $2,600,000 after renovation
Expenses: $700,000 at acquisition; $900,000 after renovation
Net Income: $1,000,000 at acquisition; $1,700,000 after renovation
Return on Investment: 10% at acquisition; 12% after renovation
Table
Source: SNL Securities as of 9/30/00
AmeriVest Valuation Matrix
Office Industry Median
FFO - 9.2 X
Dividend Yield - 8.0%
Net Asset Valuation - N/A
Indicated Valuation of AMV
FFO - $6.57
Dividend Yield - $6.25
Net Asset Valuation - $6.00 ^ *
o Management's opinion of Net Asset Value per share based
on recent Appraisals, September 30 Balance Sheet and
Capitalized Value of Annual Net Operating Income
AmeriVest Properties Inc. - Mission Statement
The future of America's economic growth is clearly within its small and
mid-sized businesses. AmeriVest Properties acquires, develops and operates
multi-tenant office properties in select high growth markets that serve
these businesses. Our target properties provide efficient physical design
with current generation technology, and our management responds quickly and
creatively to tenant needs. In this manner we build customer loyalty,
outperform our competition, and generate superior returns to our
shareholders.
AmeriVest Properties Inc. - Logo