| Ticker: | AMVP | 7100 Grandview Avenue, Suite 1 | |
| Exchange: | NASDAQ-Small Cap Market | Arvada, Colorado 80002 | |
| Industry: | Financial | (303) 421-1224 |
| Type of Shares: | Common Shares | Filing Date: | 6/26/96 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 11/8/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.35 | |
| Offering Amount: | $8,000,000 | Selling: | ||
| Expenses: | $294,000 | Reallowance: | ||
| Shares Out After: | 1,884,000 |
| Manager | Tier | Phone |
| I.A. Rabinowitz & Co. | Lead Manager | (212) 425-0037 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $2.37 | $0.58 | $0.58 | Assets: | $11.53 |
| Net Income: | -$0.11 | -$0.03 | $0.02 | Liabilities: | $8.09 |
| EPS: | -$0.10 | -$0.03 | $0.02 | Equity: | $3.44 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was formed with the intent of acquiring real estate properties and of qualifying as a self-administered and self-managed real estate investment trust (REIT). The company also had the intent to have specific focus of its investment and acquisition activities in the office/industrial and self-storage sectors. The company has had limited historical operations. Effective July 1, 1995, it issued 84,000 shares of its common stock to acquire an industrial office and showroom building located in Adams County, Colorado. The Broadway Property is owned by AmeriVest Broadway Properties Inc., a wholly-owned subsidiary of the company. The company also has entered into a contract to purchase the stock of one corporation that owns four self-storage properties and of another corporation that owns a small office building. Upon the completion of this Offering and the concurrent acquisition of the real estate properties described, the company, through its wholly-owned subsidiaries, will own a total of six properties: (i) an industrial office and showroom building, (ii) four self-storage buildings and (iii) an office building. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay outstanding indebtedness, to pay unpaid expenses of the offering, and to increase working capital. |
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