CLEVELAND, March 15, 2012 /PRNewswire/ -- Associated
Estates Realty Corporation (NYSE, NASDAQ: AEC) announced today that
a quarterly dividend of $0.18 per
share has been declared on the Company's common shares, payable
May 1, 2012 to shareholders of record
on April 11, 2012. The dividend
represents a 5.9% increase over the prior $0.17 per quarter dividend, in keeping with the
Company's revised dividend policy announced on February 6, 2012.
Associated Estates is a real estate investment trust ("REIT")
and is a member of the Russell 2000 and the MSCI US REIT Indices.
The Company is headquartered in Richmond
Heights, Ohio. Associated Estates' portfolio consists of 53
properties containing 13,908 units located in eight states. For
more information about the Company, please visit its website at
AssociatedEstates.com.
For more information, please contact:
Jeremy Goldberg
(216) 797-8715
SOURCE Associated Estates Realty Corporation