UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)
AmeriVest Properties, Inc.
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(Name of Issuer)
Common Stock, Par Value $.001
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(Title of Class of Securities)
03071L101
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(CUSIP Number)
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William T. Atkins, et al.
1780 S. Bellaire Street, Suite 515
Denver, CO 80222
303-297-1800
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 6, 2004
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and
five copies of this schedule, including all exhibits. See ss. 240.13d-7
for other parties to whom copies are to be sent.
*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 disclosures provided in a prior cover page.
The information required on 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).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN
THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A
CURRENTLY VALID OMB CONTROL NUMBER.
SEC 1746 (03-00)
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
William T. Atkins
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
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7 SOLE VOTING POWER
NUMBER OF 264,818
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 637,846
WITH
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9 SOLE DISPOSITIVE POWER
264,818
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10 SHARED DISPOSITIVE POWER
637,846
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
902,664
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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2
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Alexander S. Hewitt
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 587,649
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 637,846
WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
587,649
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10 SHARED DISPOSITIVE POWER
637,846
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,225,495
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------
3
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Realty Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 46,279
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
46,279
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,279
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
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4
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Realty Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
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7 SOLE VOTING POWER
NUMBER OF 352,294
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
352,294
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
352,294
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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5
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sheridan Management Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 166,826
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
166,826
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,826
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
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6
This Amendment No. 7 (this "Amendment") to the Schedule 13D originally filed,
pursuant to a joint filing statement under Rule 13d-1(k), with the Securities
Exchange Commission (the "SEC") on June 25, 2001, as amended (the "Schedule
13D"), relates to common stock, $0.001 par value per share (the "Common Stock"),
issued by AmeriVest Properties, Inc., a Maryland corporation (the "Issuer") and
is being filed to disclose (i) the exercise of certain warrants held by Sheridan
Realty Advisors, LLC, a Colorado limited liability company ("SRA") and (ii) the
redemption of certain unaffiliated stockholders of Sheridan Management Corp. a
Delaware corporation ("SM") and the pro rata in-kind distribution of Issuer
Common Stock to those redeemed stockholders. For convenience of reference, this
Amendment amends and restates the Schedule 13D in its entirety, with the
exception of Item 3.
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, $0.001 par value of AmeriVest
Properties, Inc., a Maryland corporation, having its executive offices at 1780
S. Bellaire Street, Suite 100, Denver, CO 80222.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement (collectively, the "Reporting Persons") are:
(a) William T. Atkins, a United States citizen, whose business address is 1780
S. Bellaire Street, Suite 100, Denver, CO 80222, Mr. Atkins is Chairman,
CEO, and a director of the Issuer.
(b) Alexander S. Hewitt, a United States citizen, whose business address is
1780 S. Bellaire Street, Suite 100, Denver, CO 80222, Mr. Hewitt is a Vice
President and Secretary of the Issuer.
(c) Sheridan Realty Corp., a Delaware corporation ("SRC"), whose business
address is 1780 S. Bellaire Street, Suite 100, Denver, CO 80222. The
principal business of SRC is real estate investment, development, and
management. SRC is the general partner of SRP. Mr. Atkins is President and
a Director of SRC and Mr. Hewitt is Executive Vice President and a
Director of SRC.
(d) SRA, whose business address is 1780 S. Bellaire Street, Suite 100, Denver,
CO 80222. The principal business of SRA is real estate investment,
development, and management. Mr. Atkins is Co-manager of SRA and Mr.
Hewitt is Vice Chairman and Co-manager of SRA.
(e) SM, whose business address is 1780 S. Bellaire St., Suite 100, Denver, CO
80222. The principal business of SM is real estate investment,
development, and management. Mr. Atkins is the President and a Director
and Mr. Hewitt is the Executive Vice President and a Director of SM.
During the last five years, no Reporting Person has (i) been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction making either one of them subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
7
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The transactions covered by Item 3 of Amendment No. 6 relating to the Reporting
Persons are incorporated by reference. In addition, the following transactions
are covered by this statement:
(a) net exercise of warrants owned by SRA relating to 246,000 shares of
Issuer Common Stock, resulting in receipt of 75,640 shares of Issuer
Common Stock; and
(b) redemption of certain unaffiliated stockholders of SM and the pro rata
in-kind distribution of 29,549 shares of Issuer Common Stock to those
redeemed stockholders.
ITEM 4. PURPOSE OF TRANSACTION.
Subject to and depending upon the availability of prices deemed favorable by any
Reporting Person, such Reporting Person may choose to purchase additional shares
of common stock from time to time in the open market, in privately negotiated
transactions with third parties, by exercising options or warrants, or
otherwise. In addition, depending upon prevailing conditions, such Reporting
Person may determine to dispose of shares of common stock held by them in the
open market, in privately negotiated transactions with third parties, or
otherwise.
As Chairman, CEO, and a director of the Issuer, Mr. Atkins considers plans and
proposals submitted by management with respect to business combinations aimed at
improving the operating efficiencies of the Issuer, acquiring complementary
properties, and/or entering new market regions. These business combinations may
include mergers and acquisitions, asset purchases and sales, as well as
strategic ventures and marketing alliances. Depending on the facts and
circumstances, Mr. Hewitt may also consider such plans or proposals in his
capacity as Vice President and Secretary of the Issuer. As a director, Mr.
Atkins also may, depending on the facts and circumstances, consider any plans
and proposals with respect to other transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
No Reporting Person has any independent present plans or proposals which relate
to or would result in any of the transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Items 3 and 4 are incorporated herein by reference.
(a) Mr. Atkins beneficially owns and has the sole power to vote and dispose
of (A) 40,325 shares of Issuer Common Stock held by him, (B) 252 shares
of Issuer Common Stock held by his minor children, and (c) 224,241
shares of Issuer Common Stock held by a limited partnership of which
Mr. Atkins is the general partner.
(b) Mr. Hewitt beneficially owns and has the sole power to vote and dispose
of 587,649 shares of Issuer Common Stock.
(c) Mr. Atkins and Mr. Hewitt are each one of five directors of RRTC
which beneficially owns 72,447 shares of Issuer Common Stock, as
trustee of various Hewitt family
8
trusts. RRTC is an Illinois chartered trust company with a principal
business address at 4709 44th Street, Suite 5, Rock Island, IL 61201.
RRTC has not, during the last five years, been convicted in a criminal
proceeding nor been party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation
with respect to such laws. Neither Mr. Atkins nor Mr. Hewitt vote on
any matters before the RRTC board of directors regarding the
acquisition, voting, or disposition of such stock. Mr. Atkins and Mr.
Hewitt disclaim beneficial ownership in such shares.
(d) Mr. Atkins and Mr. Hewitt are each one of four directors of and a
shareholder in SRC. SRC owns 46,279 shares of Issuer Common Stock. Mr.
Atkins and Mr. Hewitt disclaim beneficial ownership in such shares.
(e) Mr. Atkins and Mr. Hewitt are each a co-manager of SRA. SRA owns
352,294 shares of Issuer common stock.
(f) Mr. Atkins is the President and Mr. Hewitt is the Vice President of SM.
SM owns 166,826 shares of Issuer Common Stock.
(g) Mr. Atkins, therefore, has sole voting power and sole investment power
over 264,818 shares of Issuer common stock and shared voting power and
shared investment power over 637,846 shares of common stock,
representing in the aggregate 5.2% of 17,380,387 outstanding shares of
the Issuer.
(h) Mr. Hewitt, therefore, has sole voting power and sole investment power
over 587,649 shares of Issuer common stock and shared voting power and
shared investment power over 637,846 shares of common stock,
representing in the aggregate 7.1% of 17,380,387 outstanding shares of
the Issuer.
(i) SRC, therefore, has sole voting power and investment power over 46,279
shares of Issuer common stock, representing approximately 0.0% of
17,380,387 outstanding shares of the Issuer.
(j) SRA, therefore, has sole voting and investment power over 352,294
shares of Issuer common stock, representing 2.0% of 17,380,387
outstanding shares of the Issuer.
(m) SM, therefore, has sole voting and investment power over 166,826 shares
of Issuer common stock, representing approximately 0.0% of 17,380,387
outstanding shares of the Issuer.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
(a) Mr. Atkins and Mr. Hewitt are business associates. Because their
acquisition, voting, and disposition activities could cause them to
be deemed to be a "group" (as defined in Section 13 of the
Securities Exchange Act of 1934, as amended), Mr. Atkins and
Mr. Hewitt have entered into an agreement evidencing that, unless
and until either person decides otherwise, each will conduct his
activities with respect to the Issuer's
9
securities as if the two of them are a "group" (as defined in Section
13 of the Securities Exchange Act of 1934, as amended).
(b) Other than these agreements, there are no contracts, arrangements,
understandings or relationships between the Reporting Persons and any
other party with respect to any of the Issuer common stock owned by a
Reporting Person.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibits are incorporated by reference:
Exhibit 1 Joint Filing Agreement, dated November 13, 2003
(filed November 20, 2003 on Schedule 13/A by
William T. Atkins et al., Exhibit 99.1)
Exhibit 2 Power of Attorney, William T. Atkins, dated December
22, 2000 (filed December 28, 2000 on Schedule 13D/A by
William T. Atkins, Exhibit 99.2).
Exhibit 3 Power of Attorney, Alexander S. Hewitt, dated
December 28, 2000 (filed December 28, 2000 on Schedule
13D/A by Alexander S. Hewitt, Exhibit 99.2).
Exhibit 4 Power of Attorney, Sheridan Realty Corp., dated
December 22, 2000 (filed December 28, 2000 on Schedule
13D/A by Sheridan Realty Partners, L.P., Exhibit 99.2).
Exhibit 5 Power of Attorney, Sheridan Realty Advisors, LLC,
dated August 24, 2001 (filed August 24, 2001 on
Schedule 13D/A by William T. Atkins et al., Exhibit
99.1).
Exhibit 6 Power of Attorney, Sheridan Management Corp., dated
November 19, 2003 (filed November 20, 2003 on
Schedule 13D/A by William T. Atkins et al.,
Exhibit 99.2).
10
SIGNATURE
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.
February 9, 2004
-------------------------------------------
Date
Signature
Deborah J. Friedman, Attorney-in-Fact
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Name/Title
Power of Attorney for Mr. Atkins,
Mr. Hewitt, and Sheridan Realty Corporation,
each filed December 28, 2000
Power of Attorney for Sheridan Realty
Advisors, LLC, filed August 24, 2001
Power of Attorney for Sheridan Management
Corp., filed November 20, 2003
11