Associated Estates Announces Appointment of Vice President of Acquisitions

CLEVELAND, Sept. 9 /PRNewswire-FirstCall/ -- Associated Estates Realty Corporation (NYSE: AEC) (Nasdaq: AEC) announced today that John Hinkle has joined the company in the capacity of Vice President of Acquisitions.  

In this newly created role reporting to John T. Shannon, SVP of Operations, Hinkle will be directly responsible for identifying and generating acquisition opportunities that are aligned with the Company's investment objectives.  Working as a member of the existing acquisition team, Hinkle will specifically drive the transaction activity from initial underwriting, through negotiation and contract finalization.  

"We are excited to add John to our team," said John Shannon. "Our strong balance sheet enables us to significantly increase our acquisition activity," Shannon continued.  

Hinkle joins Associated Estates with over 13 years of experience in the acquisition, development, management and valuation of investment properties.  Most recently, he served as a Consultant for Federal Capital Partners.  His previous acquisitions experience also includes Fairfield Residential, Van Metre Companies and Archstone-Smith Trust.  Hinkle is a member of the Urban Land Institute.  He received his Bachelor of Science in Finance from Lehigh University.  

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' portfolio consists of 50 properties containing 12,730 units located in eight states. For more information about the Company, please visit its website at www.AssociatedEstates.com.

SOURCE Associated Estates Realty Corporation

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