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CLEVELAND, June 13, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- 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, 2007 to shareholders of record on July 13, 2007.
Associated Estates Realty Corporation is a real estate investment trust ("REIT") and is a member of the Russell Micro-Cap Index. The Company, headquartered in Richmond Heights, Ohio, directly or indirectly owns, manages or is in a joint venture partner in 99 properties containing a total of 19,969 units located in 10 states. For more information about the Company, please visit its website at www.aecrealty.com.
For more information, please contact:
Michael Lawson
Vice President of Investor Relations
216-797-8798
mlawson@aecrealty.com
Kimberly Kanary
Manager of Corporate Communications
216-797-8752
kkanary@aecrealty.com
SOURCE Associated Estates Realty Corporation
Michael Lawson, Vice President of Investor Relations, +1-216-797-8798, mlawson@aecrealty.com, or Kimberly Kanary, Manager of Corporate Communications, +1-216-797-8752, kkanary@aecrealty.com, both of Associated Estates Realty Corporation
http://www.aecrealty.com
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