CLEVELAND, March 21 /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 on May 1, 2006
to shareholders of record on April 13, 2006.
Associated Estates Realty Corporation, one of the largest multifamily
property owners in the United States, is a real estate investment trust
("REIT"), headquartered in Richmond Heights, Ohio, a suburb of Cleveland. The
Company directly or indirectly owns, manages, or is a joint venture partner in
110 apartment communities containing a total of 23,511 units located in 11
states.
For more information, please contact: Barbara E. Hasenstab, Vice President
of Investor Relations and Corporate Communications, by telephone at
216-797-8798 or e-mail at IR@aecrealty.com. This press release and other
corporate information are available through the Company's web site on the
Internet at http://www.aecrealty.com. AEC's web site is linked to
Sharebuilder, an online service that allows investments in shares of AEC
common stock directly on a recurring basis. For more information, access the
Investor Relations "News" section of http://www.aecrealty.com.
SOURCE Associated Estates Realty Corporation
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Related links:
http://www.aecrealty.com
CONTACT:
Barbara E. Hasenstab, Vice President of
Investor Relations and Corporate Communications of Associated
Estates Realty Corporation, +1-216-797-8798, or IR@aecrealty.com
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