AmeriVest Properties Teleconference Alert: Third-Quarter 2003 Earnings Investor Conference Call.

Business Editors

DENVER--(BUSINESS WIRE)--Oct. 16, 2003

AmeriVest Properties Inc. (AMEX: AMV), a real estate investment trust serving small to medium size office tenants, will be hosting a conference call on Wednesday, November 5, 2003, at 2:00 p.m. Mountain Standard Time (4:00 p.m. Eastern, 3:00 p.m. Central, 1:00 p.m. Pacific) to discuss its third-quarter financial results. A press release announcing the Company's results will be issued before market opens on the day of the call. The company's remarks will be followed by a question and answer period.

To participate in the conference call, please dial [phone] approximately ten minutes before the scheduled start of the call. If you are calling from outside North America, please call [phone].

A digital replay will be available two hours after the completion of the conference call until November 10, 2003, by calling [phone] and enter conference ID# 21162893 or for participants outside North America, please call [phone] and enter conference ID# 21162893. A live webcast of the conference call will be available at www.amvproperties.com. You must have Windows Media Player installed on your computer in order to listen to the webcast, which may be downloaded for free at the website listed above.

About AmeriVest Properties Inc.

AmeriVest Properties Inc., with its principal office in Denver, Colorado, owns 29 office properties and provides Smart Space for Small Business(SM) in select markets. To receive AmeriVest's latest news and information, visit our website at www.amvproperties.com.