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Associated Estates Realty Corporation Declares Common Share Dividend
 

CLEVELAND, March 17 /PRNewswire-FirstCall/ -- Associated Estates Realty Corporation (NYSE, Nasdaq: AEC) announced today that a quarterly dividend of $0.17 per share has been declared on the Company's common shares, payable May 1, 2009 to shareholders of record on April 15, 2009.

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 52 properties containing a total of 13,192 units located in 9 states. For more information about the Company, please visit its website at www.aecrealty.com.

    For more information, please contact:

    Kimberly Kanary
    Vice President of Corporate Communications
    216-797-8718
    kkanary@aecrealty.com


SOURCE Associated Estates Realty Corporation