CLEVELAND, June 15, 2009 (GLOBE NEWSWIRE) -- Associated Estates Realty Corporation (Nasdaq:AEC) (NYSE:AEC) 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.
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