AmeriVest officials are now evaluating and clarifying the offers received and expect to complete a best and final bidding round within the next two to four weeks, at which time negotiation of a definitive purchase and sale agreement or agreements with the successful bidder or bidders will begin. The company says it will not make another announcement until one or more material definitive agreements have been completed.

AmeriVest's portfolio consists of 12 multi-tenant office buildings in the markets of Denver, Dallas and Phoenix. Earlier this month, the company reported that portfolio occupancy at the end of May was 90.3%, up from 90.0% at the end of March but down from 91.2% at the start of the year. The average rent at the end of the year was $20.26 per sf and the range was $17.36 to $23.78, according to its most recent annual report.

The company completed 21 lease transactions in April and May involving more than 90,500 sf, including eight leases with new tenants involving more than 33,400 sf and 11,100 sf of expansions by existing tenants. The average transaction size was 4,310 sf; the range was 343 sf to 16,083 sf.