Associated Estates Declares Common Share Dividend

CLEVELAND, March 6, 2015 /PRNewswire/ -- Associated Estates Realty Corporation (NYSE, NASDAQ: AEC) announced today that a quarterly dividend of $0.21 per share has been declared on the Company's common shares, payable May 1, 2015 to shareholders of record on April 15, 2015. The May 1, 2015 dividend will represent the 86^th consecutive quarterly dividend paid by the Company.

Associated Estates is a real estate investment trust and a member of the S&P 600, Russell 2000, and MSCI US REIT Indices. The Company is headquartered in Richmond Heights, Ohio. Associated Estates' portfolio consists of 57 apartment communities containing 15,206 units located in 10 states, which include two committed acquisitions with 681 units that are being managed during lease-up and five apartment communities with 1,446 units in various stages of active development. For more information about the Company, please visit its website at AssociatedEstates.com.

For more information, please contact:

Jeremy Goldberg
(216) 797-8715

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SOURCE Associated Estates Realty Corporation