Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here.)

DENVER-The board of AmeriVest voted to continue the suspension of its common dividend for the second quarter. This allows the company to conserve cash, while it charts its future.

Since December, the company has been actively exploring and evaluating various strategic options for the company. Possibilities include identifying an institutional capital partner or partners to assist in the company’s growth, a sale or recapitalization of all or a portion of the company’s properties, and the potential sale or merger of the company.

The company has met with a number of potential investors and has received proposals for a broad range of possible transactions. The board is actively evaluating these proposals with a view towards completing the process in the near term, according to a statement released this week. The board reiterated that the company will consider all of its options, and there can be no assurance of any particular outcome from this review.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.