Associated Estates Declares Common Share Dividend

CLEVELAND, March 22, 2011 /PRNewswire/ -- Associated Estates Realty Corporation (NYSE, Nasdaq: AEC) announced today that a quarterly dividend of $0.17 per share has been declared on the Company's common shares, payable May 2, 2011 to shareholders of record on April 15, 2011.

Associated Estates is a real estate investment trust ("REIT") and is a member of the Russell 2000 and the MSCI US REIT Index. The Company is headquartered in Richmond Heights, Ohio. Associated Estates' portfolio consists of 52 properties containing 13,662 units located in eight states. For more information about the Company, please visit its website at www.AssociatedEstates.com.

For more information, please contact:

Jeremy Goldberg
(216) 797-8715

SOURCE Associated Estates Realty Corporation

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