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  6. ASSOCIATED ESTATES REALTY CORPORATION

ASSOCIATED ESTATES REALTY CORPORATION

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1 AEC PKWY RICHMOND HEIGHTS, OH 44143 Get Directions

(216) 261-5000

www.aecrealty.com

Business Info

  • Founded 1993
  • Incorporated OH
  • Annual Revenue $130,419,000.00
  • Employee Count 380
  • Industries Real Estate Investment Trusts
  • Contacts JEFFREY I FRIEDMAN

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Company Summary

Associated Estates Realty Corporation (NYSE, NASDAQ: AEC) is a real estate investment trust (REIT), headquartered in Richmond Heights, Ohio, a suburb of Cleveland. The Company specializes in the ownership and management of apartment communities in high barrier-to-entry submarkets in the Midwest, Mid-Atlantic and Southeast regions of the country. Associated Estates' portfolio consists of 52 properties containing 13,662 units located in eight states.

Over the last several years, Associated Estates has delivered sector-leading performance. This performance is driven by diligently investing in the components of our simple performance equation = people + process + portfolio.

* People: We provide our associates with the training, tools and incentives to be competitive, while providing top-notch customer service. Our culture is based on principles and values wherein our associates go the extra mile in every interaction.
* Processes: We continually look to leverage the latest technology in order to improve efficiencies and cut costs. This enables our teams to focus on resident satisfaction.
* Portfolio: We have significantly repositioned our portfolio by divesting older properties and acquiring newer, Class A and B properties in attractive submarkets. We now have one of the youngest portfolios among the 12 publicly held multifamily real estate investment trusts (REITS).
* Performance:
o We achieved the highest total return among the 12 multifamily REITs for the three- and five-year periods ending December 31, 2009 (according to KeyBank Capital Markets Leaderboard, 12/31/09).
o We outperformed the Russell 3000 and the NAREIT All Equity REIT indices for the one- and five-year periods ending December 31, 2009 (according to SNL).

So, whether you're an employee, resident or investor, you can rest assured that at Associated Estates, great living is what we do!

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