Associated Estates Realty Corporation Declares Common Share Dividend

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Associated Estates Realty Corporation Declares Common Share Dividend

    CLEVELAND, March 19 /PRNewswire-FirstCall/ -- Associated Estates Realty
Corporation (NYSE: AEC) announced today that a quarterly dividend of $0.17
per share has been declared on the Company's common shares, payable May 1,
2008 to shareholders of record on April 11, 2008.

    Associates 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 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 Lawson, Vice President of Investor
Relations and Corporate Communications, +1-216-797-8798,
mlawson@aecrealty.com