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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 JvEXOC4H3b2u9QYocZcejg==

<SEC-DOCUMENT>0000932384-04-000051.txt : 20040116
<SEC-HEADER>0000932384-04-000051.hdr.sgml : 20040116
<ACCEPTANCE-DATETIME>20040116162029
ACCESSION NUMBER:		0000932384-04-000051
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040114
FILED AS OF DATE:		20040116

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERIVEST PROPERTIES INC
		CENTRAL INDEX KEY:			0000927102
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				841240264
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1780 S BELLAIRE ST
		STREET 2:		SUITE 515
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222
		BUSINESS PHONE:		3032971800

	MAIL ADDRESS:	
		STREET 1:		1780 S. BELLAIRE ST.
		STREET 2:		SUITE 515
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ATKINS WILLIAM T
		CENTRAL INDEX KEY:			0001093678

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14462
		FILM NUMBER:		04529967

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE SHERIDAN GROUP
		STREET 2:		1780 S. BELLAIRE STREET, SUITE 515
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222
		BUSINESS PHONE:		303-297-1800

	MAIL ADDRESS:	
		STREET 1:		C/O THE SHERIDAN GROUP
		STREET 2:		1780 S. BELLAIRE STREET, SUITE 515
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>zatkins546133_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2004-01-14</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000927102</issuerCik>
        <issuerName>AMERIVEST PROPERTIES INC</issuerName>
        <issuerTradingSymbol>AMV</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001093678</rptOwnerCik>
            <rptOwnerName>ATKINS WILLIAM T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1780 SOUTH BELLAIRE STREET, SUITE 100</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DENVER</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80222</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>CEO</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2004-01-14</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>246000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>5.00</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>989549</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See footnote</value>
            <footnoteId id="F2"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2004-01-14</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>170360</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>7.22</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>819189</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See footnote</value>
            <footnoteId id="F2"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Common Stock Options</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>5.00</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2004-01-14</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>246000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-01-01</value>
      </exerciseDate>
      <expirationDate>
         <value>2005-12-31</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>246000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>See footnote</value>
            <footnoteId id="F2"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Company withheld shares of common stock to pay option exercise price, withholding is treated as a &quot;sale&quot; for the purposes of section 16.</footnote>

      <footnote id="F2"> 40,325 shares are held directly.  352,294 shares are held by Sheridan Realty Advisors, LLC; 166,826 shares are held by Sheridan Management Corp.; 75,828 shares are held by Sheridan Realty Corp.; and 224,241 shares of common stock are held by Atkins LTD. Partnership, each an entity with respect to which the filing person may be deemed to have beneficial ownership.  Reporting person disclaims beneficial ownership over an aggregate of 313,616 such shares of common stock.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Deborah J. Friedman as attorney-in-fact</signatureName>
      <signatureDate>2004-01-16</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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