CLEVELAND, June 14 /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
August 1, 2006 to shareholders of record on July 14, 2006.
Associated Estates Realty Corporation, one of the largest multifamily
property managers 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 107 apartment communities containing a total of 22,213 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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