Associated Estates Realty Corporation Announces 2007 Tax Allocations of Common and Preferred Share Dividends

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Associated Estates Realty Corporation Announces 2007 Tax Allocations of Common and Preferred Share Dividends

    CLEVELAND, Jan. 22 /PRNewswire-FirstCall/ -- Associated Estates Realty
Corporation (NYSE: AEC) announced today the 2007 tax allocations of the
dividends paid by Associated Estates Realty Corporation on the Company's
common and preferred shares.

    The schedules below are provided for informational purposes and should
only be used by shareholders of Associated Estates Realty Corporation to
clarify the Form 1099-DIV.



    Common Shares (NYSE: AEC)
    Cusip: 045604 10 5
                                    Nontaxable
                                      Return
                         Ordinary       of        Total  Unrecaptured
    Record     Payable   Taxable      Capital    Capital Section 1250  Total
     Date       Date     Dividends Distributions  Gain       Gain    Dividends

    1/12/07    2/1/07   $0.00000    $0.170000   $0.00000   $0.00000  $0.170000

    4/13/07    5/1/07    0.00000     0.170000    0.00000    0.00000   0.170000

    7/13/07    8/1/07    0.00000     0.170000    0.00000    0.00000   0.170000

    10/15/07   11/1/07   0.00000     0.170000    0.00000    0.00000   0.170000

                        $0.00000    $0.680000   $0.00000   $0.00000  $0.680000



    Preferred B Shares (NYSE: AECPRB)
    Cusip: 045604 40 2
                                    Nontaxable
                                      Return
                         Ordinary       of        Total  Unrecaptured
    Record     Payable   Taxable      Capital    Capital Section 1250  Total
     Date       Date     Dividends Distributions  Gain       Gain    Dividends

    3/1/07     3/15/07   $0.000000  $0.543750   $0.000000 $0.000000  $0.543750

    6/1/07     6/15/07    0.000000   0.543750    0.000000  0.000000   0.543750

    8/31/07    9/14/07    0.000000   0.543750    0.000000  0.000000   0.543750

    11/30/07   12/14/07   0.000000   0.543750    0.000000  0.000000   0.543750

                         $0.000000  $2.175000   $0.000000 $0.000000  $2.175000

    Associated Estates Realty Corporation is a real estate investment trust
("REIT") and is a member of the Russell 2000 Index. The Company,
headquartered in Richmond Heights, Ohio, directly or indirectly owns,
manages or is a joint venture partner in 67 properties containing a total
of 15,066 units located in 9 states. For more information about the
Company, please visit its website at http://www.aecrealty.com.



    For more information, please contact:
    Michael K. Lawson
    Vice President of Investor Relations and Corporate Communications
    216-797-8798
    mlawson@aecrealty.com

SOURCE Associated Estates Realty Corporation

http://www.aecrealty.com/
CONTACT:
Michael K. Lawson, Vice President of Investor
Relations and Corporate Communications of Associated Estates
Realty Corporation, +1-216-797-8798, mlawson@aecrealty.com