UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 AmeriVest Properties Inc. (Name of Issuer) REIT (Title of Class of Securities) 03071L101 (Cusip Number) 12/31/00 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule id filed: { X } Rule 13d-1( b ) { } Rule 13d-1( c ) { } Rule 13d-1( d ) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the act (however, see the Notes). (Continued on the following page(s)) Page 1 of 5 CUSIP No. 03071L101 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person KeyCorp I.R.S. Employer Identification No. 34-6542451 2 Check the Appropriate Box if a Member of a Group* (a) Not Applicable (b) 3 SEC Use Only 4 Citizenship or Place of Organization State of Ohio 5 Sole Voting Power 73,500 Number of Shares 6 Shared Voting Beneficially Power 73,500 Owned By Each Reporting 7 Sole Dispositive Person With Power 0 8 Shared Dispositive Power 73,500 9 Aggregate Amount Beneficially Owned by Each Reporting Person 147,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* Not Applicable 11 Percent of Class Represented by Amount in Row 9 5.90% 12 Type of Reporting Person* HC SEC 1745 (6-80) *SEE INSTRUCTIONS BEFORE FILLING OUT 2 of 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G Under the Securities and Exchange Act of 1934 Item 1 (a). Name of Issuer: AmeriVest Properties Inc. Item 1 (b). Address of Issuer's principal executive offices: 1800 Glenarm Place Suite 500 Denver, CO 80202 Item 2 (a). Name of person filing: KeyCorp Item 2 (b). Address of principal business office: 127 Public Square Cleveland, Ohio 44114-1306 Item 2 (c). Place of organization: State of Ohio Item 2 (d). Title of class of securities: REIT Item 2 (e). CUSIP Number: 03071L101 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d - 2 (b), indicate type of person filing: Person filing is a Parent Holding Company, in accordance with 240.13d - 1(b)(ii)(G) 3 of 5 Item 4. Ownership: (a) Amount of beneficially owned: 147,000 (b) Percent of class: 5.90% (c) Number of shares as to which such person has: (i)Sole power to vote or to direct the vote 73,500 (ii)Shared power to vote or to direct the vote 73,500 (iii)Sole power to dispose or to direct the disposition of 0 (iv)Shared power to dispose or to direct the disposition of 73,500 Item 5. Ownership of five percent or less of a class: Not Applicable Item 6. Ownership of more than five percent on behalf of another person: Other persons are known to have the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of these securities. Those persons whose interest relates to more than five percent of the class are: Item 7. Identification and classification of the subsidiaries which acquired the security being reported on by the parent holding company: Identification: KeyBank National Association Classification: (B) Banks as defined by Section 3 (A) (6) of the act. Identification: Key Asset Management; Spears, Benzak, Salomon and Farrell Classification: Registered investment advisor Item 8. Identification and classification of members of the group: Not Applicable Item 9. Notice of dissolution of group: Not Applicable 4 of 5 Item 10. Certification The undersigned expressly declares that the filing of the Schedule 13G shall not be construed as an admission that the undersigned is, for purposes of Section 13(d) and 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any securities covered by this Schedule 13G. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 15, 2001 KeyBank National Association By: Diane L. Wozniak Assistant Vice President 5 of 5