Associated Estates Realty Corporation Declares Common Share Dividend

• Press Release
• Source: Associated Estates Realty Corporation
• On 10:53 am EDT, Monday June 15, 2009

CLEVELAND, June 15, 2009 (GLOBE NEWSWIRE) -- Associated Estates Realty Corporation (Nasdaq:AEC - News; NYSE:AEC - News) announced today that a quarterly dividend of $0.17 per share has been declared on the Company's common shares, payable August 3, 2009 to shareholders of record on July 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 nine states. For more information about the Company, please visit its website at www.associatedestates.com.

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

Associated Estates Realty Corporation
Investor Contact:
Swarup Katuri, Senior Director of Corporate Finance
and Investor Relations
(216) 797-8743
skaturi@aecrealty.com
Media Contact:
Kimberly Kanary, Director of Corporate Communications
(216) 797-8718
kkanary@aecrealty.com