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 12, 2002

                            AmeriVest Properties Inc.
        (Exact name of small business issuer as specified in its charter)

            Maryland                     1-14462                 84-1240264
            --------                     -------                 ----------
(State or other jurisdiction of    (Commission File No.)      (I.R.S. Employer
 incorporation or organization)                              Identification No.)

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

                                 (303) 297-1800
                         (Registrant's telephone number)

Item 2. Acquisition or Disposition of Assets

Purchase of Denver Office Building. On November 12, 2002, we completed the
acquisition of the Centerra office building (the "Property"). The Property is
located in Denver, Colorado and contains approximately 186,000 rentable square
feet and is located on 1.15 acres of land. The aggregate purchase price for the
Property was $18,658,300, which was paid with $13,057,660 from the proceeds of a
loan from Fleet National Bank (the "Fleet Loan") and the balance paid in cash
from a portion of the proceeds of our May 2002 public offering.

The Property was purchased from WHMAB Real Estate L.P. (the "Seller"), an
unrelated party. The purchase price of the Property was determined through
negotiations between the Seller and us.

The Fleet Loan represents the initial draw on a $30,000,000 revolving credit
facility from Fleet National Bank. The Fleet Loan bears interest at LIBOR plus
275 basis points, due in monthly installments of interest only, with the
principal balance and accrued interest due on November 12, 2005. This loan may
be prepaid at any time without penalty and is secured by a mortgage on the

For a more complete description of this transaction, please see the Agreement of
Purchase and Sale between us and the Seller dated August 12, 2002 (the "Purchase
Agreement"), a copy of which is attached hereto as Exhibit 2.1, and our press
release dated November 12, 2002, a copy of which is attached to this Form 8-K as
Exhibit 99.1.

The schedules and exhibits to the Purchase Agreement, a listing of which are
included therein, have not been filed herewith. The schedules and exhibits will
be furnished supplementally to the Securities and Exchange Commission upon

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
--------------      -------------
2.1                 Agreement of Purchase and Sale between AmeriVest Properties
                    Inc. and WHMAB Real Estate L.P. dated August 12, 2002

99.1                Press Release dated November 12, 2002


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 27, 2002
                                          By: /s/ D. Scott Ikenberry
                                          D. Scott Ikenberry
                                          Chief Financial Officer