CLEVELAND, Sept. 15, 2008 (GLOBE NEWSWIRE) -- Associated Estates Realty Corporation (NYSE:AEC) (Nasdaq:AEC) announced today that a quarterly dividend of $0.17 per share has been declared on the Company's common shares, payable November 3, 2008 to shareholders of record on October 17, 2008.
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 54 properties containing a total of 13,396 units located in 9 states. For more information about the Company, please visit its website at www.aecrealty.com.
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