Associated Estates Realty Corporation Declares Common Share Dividend - PrimeZone - Sep 15 2008 11:08AM

Monday, September 15, 2008 10:57 AM

CLEVELAND, Sept. 15, 2008 (GLOBE NEWSWIRE) -- 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 November 3, 2008 to shareholders of record on October 17, 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 54 properties containing a total of 13,396 units located in 9 states. For more information about the Company, please visit its website at www.aecrealty.com.

The Associated Estates Realty Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5181

CONTACT:  Associated Estates Realty Corporation
          Kimberly Kanary, Vice President of Corporate Communications
          216-797-8718
          kkanary@aecrealty.com

(Source: PrimeZone )

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