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DENVER-Locally-based AmeriVest Properties is hoping to raise nearly $14 million by selling as many as an additional 2.3 million shares, according to Securities and Exchange Commission documents obtained by GlobeSt.com. The 2.3 million shares includes 300,00 shares to cover any over-allotment.

The SEC filing shows a proposed offering price of $6 per share, which would raise $13.8 million before expenses. However, the actual price hasn’t yet been determined by Washington, DC-based Ferris Baker Watts Inc., which will underwrite the offer. The stock, which trades under the symbol AMV, recently has traded from about $5.75 to $6.20 a share.

Money raised from the offering could be used to purchase additional properties or to reduce short-term debt, according to the SEC document.

The company is the only real estate investment trust that focuses on owning office buildings that cater exclusively to small and medium-sized tenants. AMC currently owns 22 office buildings with a total of 717,00 sf. Its target tenant leases 2,500 sf to 3,000 sf.

Company officials declined comment, saying they were in a quiet period.

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