Associated Estates Declares Common Share Dividend

Jun 15, 2010, 10:50 ET from Associated Estates Realty Corporation

CLEVELAND, June 15 /PRNewswire-FirstCall/ -- Associated Estates Realty Corporation (NYSE: AEC) (Nasdaq: AEC) announced today that a quarterly dividend of $0.17 per share has been declared on the Company's common shares, payable August 2, 2010 to shareholders of record on July 15, 2010.

Associated Estates is a real estate investment trust ("REIT") and is a member of the Russell 2000. The Company is headquartered in Richmond Heights, Ohio. Associated Estates' owned and non-owned portfolio consists of 50 properties containing 12,670 units located in eight states. For more information about the Company, please visit its website at

For more information, please contact:

Media Contact:

Kimberly Kanary

(216) 797-8718

Investor Contact:

Jeremy Goldberg

(216) 797-8715

SOURCE Associated Estates Realty Corporation