A national real-estate investment company wants to buy the assets of Denver-based AmeriVest Properties Inc., according to documents filed Tuesday.
AmeriVest announced this month that it wanted to liquidate its office buildings in Arizona, Texas and Colorado. The company said it received a letter of interest for the 12-building portfolio from Dallas-based Lincoln Property Co.
The letter states that Lincoln would consider investing up to $150 million for the properties, according to AmeriVest’s filing with the Securities and Exchange Commission. Ameri Vest has about $127.5 million in outstanding debt.
Interest in the portfolio has been high, even though it is not officially on the market, said Steve Suechting, senior vice president at the Denver office of Trammell Crow Co.
“We’re getting three or four calls a day,” Suechting said. “Lots of people are interested. … They’re well-leased, well-located buildings.”
Colorado buildings in the company’s 1.7 million-square- foot portfolio include the Centerra Building, 1873 S. Bellaire St. in Denver; the Kellogg Building, 26 W. Dry Creek Circle in Littleton; and Sheridan Center, at Interstate 25 and Colorado Boulevard in Denver.
Lincoln recently purchased another building at I-25 and Colorado. The company, in conjunction with ASB Capital Management, paid $93 million for Colorado Center.
AmeriVest likely will need 60 days to receive shareholder approval to liquidate its real-estate assets so the official marketing process can begin.
Staff writer Margaret Jackson can be reached at 303-820-1473 or mjackson@denverpost.com.
