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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
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)
September 5, 2002
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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 ss.ss. 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)
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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
--------------------------------------------------------------------------------
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 40,552
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,677,519
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 40,552
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,677,519
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,718,071
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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)
15.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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2
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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
--------------------------------------------------------------------------------
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 66,483
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,588,119
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 66,483
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,588,119
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,654,602
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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)
15.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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3
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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
--------------------------------------------------------------------------------
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 1,231,464
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,231,464
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,231,464
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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4
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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
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,231,464
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,231,464
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,231,464
--------------------------------------------------------------------------------
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)
11.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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5
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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
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
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 259,685
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 259,685
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,685
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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6
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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
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 259,685
------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 259,685
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,685
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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7
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Realty Advisors, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 89,400
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 89,400
------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
89,400
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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8
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 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 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. Mr. Atkins is President of
SRC and Mr. Hewitt is Executive Vice President of SRC.
(g) Sheridan Realty Advisors, LLC, a Delaware limited liability company
("SRA"), whose business address is 1780 S. Bellaire Street, Suite 515,
Denver, CO 80222. The principal business of SRA is real estate investment
redevelopment, and management. Mr. Atkins is a co-manager of SRA.
During the last five years, neither Mr. Atkins, Mr. Hewitt, SI, SD, SRP, SRC,
nor SRA 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.
9
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
------ -------------------------------------------------
The transactions covered by this statement include:
(a) the purchase of common stock by SRP from Issuer on September 5, 2002, in
connection with the sale of certain real estate to the Issuer.
(b) 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) 28,325 shares of Issuer common stock held by him, (B) 227 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 all 12,000 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
65,938 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 96,970 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.
(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 259,685
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 1,231,464 shares of Issuer common stock.
10
(f) Mr. Atkins is a co-manager of SRA. SRA owns 89,400 shares of Issuer common
stock.
(g) Mr. Atkins, therefore, has sole voting power and sole investment power over
40,552 shares of common stock and shared voting power and shared investment
power over 1,677,519 shares of common stock, representing 15.7% of the sum
of, pursuant to Rule 13d-3(d)(I)(i), (A) 10,906,753 outstanding shares of
the Issuer, and (B) options to acquire 12,000 shares of Issuer common
stock.
(h) Mr. Hewitt, therefore, has sole voting power and sole investment power over
66,483 shares of common stock and shared voting power and shared investment
power over 1,588,119 shares of common stock, representing 15.2% of the sum
of, pursuant to Rule 13d-3(d)(I)(i), (A) 10,906,753 outstanding shares of
the Issuer, and (B) warrants to acquire 545 shares of Issuer common stock.
(i) SI, therefore, has sole voting power and sole investment power over
1,231,464 shares of common stock, representing 11.3% of 10,906,753
outstanding shares of the Issuer.
(j) SD, therefore, has sole voting power and sole investment power over
1,231,464 shares of common stock, representing 11.3% of 10,906,753
outstanding shares of the Issuer.
(k) SRP, therefore, has sole voting power and investment power over 259,685
shares of common stock, representing 2.4% of 10,906,753 outstanding shares
of the Issuer.
(l) SRC, therefore, has sole voting power and investment power over 259,685
shares of common stock, representing 2.4% of 10,906,753 outstanding shares
of the Issuer.
(m) SRA, therefore, has sole voting and investment power over 89,400 shares of
common stock, representing 0.1% of 10,906,753 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.
11
(c) SRA 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.
None.
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.
OCTOBER 4, 2002
------------------------------------------
Date
------------------------------------------
Signature
DEBORAH J. FRIEDMAN, ATTORNEY-IN-FACT
------------------------------------------
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 June 28, 2001
Power of Attorney for Sheridan Realty
Partners, L.P. and Sheridan Realty
Corporation, each filed September 29, 2000
Power of Attorney for Sheridan Realty
Advisors, LLC filed August 24, 2001
12