Bids were due in June for the company's remaining portfolio, which consists of 17 multi-tenant office buildings in 12 properties in Denver, Dallas and Phoenix. More than 200 interested parties took a serious look at the 1.73-million-sf portfolio.
In July, AmeriVest announced that Koll/Per, a venture of the Koll Co. and the Public Employee Retirement System of Idaho, had signed a definitive agreement to acquire the portfolio for $273 million. The transaction closed in phases, the last of which was concluded on Nov. 30.
Prior to the dissolution, stockholders received a cash distribution of $3.50 per share on Nov. 10, and an additional $1.75 per share on Dec. 11. Cloyses is expected to distribute an additional $0.40 per share ($9.65 million) on or before March 14.
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