AMERIVEST PROPERTIES INC
S-3, EX-99.3, 2000-08-21
REAL ESTATE INVESTMENT TRUSTS
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                                                                    Exhibit 99.3
                            AMERIVEST PROPERTIES INC.
                           DIVIDEND REINVESTMENT PLAN
                          ENROLLMENT AUTHORIZATION FORM

Account Number:
                 -------------------


RETURN TO:
                          UMB Bank, n.a.
                          Securities Transfer Division
                          P.O. Box 410064
                          Kansas City, Missouri 64141-0064

     I hereby appoint the UMB Bank, n.a. (the "Plan Administrator") as my agent
subject to the Terms and Conditions set forth in the accompanying prospectus or
brochure to invest my dividends received from the Company as indicated by the
option chosen on this form. I further acknowledge and agree that my
participation in the Plan will be subject to the Terms and Conditions of
Participation as set forth in the prospectus or brochure, or as amended by the
Company. Participation in the Plan will continue until I notify the Plan
Administrator in writing of my desire to terminate participation, and is subject
to the terms of participant withdrawal as agreed upon in the Company's
prospectus or brochure.

If you do not sign and return this form, you will continue to receive dividend
checks.

PLEASE REFER TO THE PLAN PROSPECTUS OR BROCHURE BEFORE MAKING A CHOICE.

[  ]     FOR FULL REINVESTMENT OF DIVIDENDS: Reinvest the dividends on all of my
         shares of Common Stock toward the purchase of additional shares of
         Common stock.

[  ]     FOR PARTIAL  REINVESTMENT  OF  DIVIDENDS:  Reinvest the  dividends on
         _______  [insert  number of shares] of my whole shares of Common Stock,
         which are held by me,  toward  the  purchase  of  additional  shares of
         Common  stock and send me the cash  dividends on any  remaining  shares
         held by me.


SIGNATURE OF REGISTERED OWNERS




Signature

Date:
       ----------------------------------------------

Daytime Telephone:
                    ---------------------------------

Authorization is not valid unless this form is signed by all registered
shareholders.

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