Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): November 19, 2001

                            AmeriVest Properties Inc.
             (Exact name of registrant as specified in its charter)

         Maryland                     1-14462                     84-1240264
         --------                     -------                     ----------
(State or other jurisdiction     (Commission File               (IRS Employer
  of incorporation)                   Number)                Identification No.)

          1780 South Bellaire Street, Suite 515, Denver, Colorado 80222
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (303) 297-1800

Item 2. Acquisition or Disposition of Assets

Purchase of Metropolitan Phoenix Office Building. On November 19, 2001, we
completed the acquisition of the Arrowhead Fountains Office Building (the
"Acquired Building"). The Acquired Building is located in suburban Phoenix,
Arizona and contains approximately 96,000 net rentable square feet and is
located on approximately 5 acres of land. The aggregate purchase price for the
Acquired Building was $12,750,000, which was paid by the assumption of the
mortgage loan from Nationwide Life Insurance Company (the "Nationwide Life
Insurance Company Loan") with a principal balance of $9,300,000 and the balance
from a portion of the proceeds of our late July 2001 public offering.

The Acquired Building was purchased from Arrowhead Fountains Partners, LLC (the
"Seller"), an unrelated third party. The purchase price of the Acquired Building
was determined through negotiations between the Seller and us.

The Nationwide Life Insurance Company Loan bears interest at 1-month LIBOR plus
190 basis points and matures on December 5, 2003.

The Acquired Building will be managed by Sheridan Realty Advisors, LLC under the
terms of the Advisory Agreement between Sheridan Realty Advisors, LLC and us
dated December 22, 1999 and revised and restated as of March 12, 2001.

Additional information concerning this transaction and the Acquired Building is
contained in our press release dated November 20, 2001, a copy of which is
attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 7. Financial Statements And Exhibits.

(a) Financial Statements of Real Estate Properties Acquired:

     The financial statements required by this Item will be filed pursuant to an
     amendment to this Form 8-K.

(b) Unaudited Pro Forma Financial Information:

     The pro forma financial information required by this Item will be filed
     pursuant to an amendment to this Form 8-K.

(c) Exhibits

     Exhibit Number                 Exhibit Title
     --------------                 -------------
         99.1                       Press Release dated November 20, 2001


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                            AMERIVEST PROPERTIES INC.

November 20, 2001
                                            By: /s/ D. Scott Ikenberry
                                            D. Scott Ikenberry
                                            Chief Financial Officer