April 24 2007

Associated Estates Realty Corporation Announces Details Regarding First Quarter Conference Call

CLEVELAND, April 5, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Associated Estates Realty Corporation (NYSE: AEC) announced today that the Company's first quarter 2007 earnings are scheduled for release on Thursday, April 26, 2007, before the market opens. Promptly following the news wire release, the earnings announcement and supplemental fact booklet will be posted on http://ir.aecrealty.com/results.cfm. Visit the Company's Investor Relations page and select Quarterly Results to access the documents.

A conference call to discuss the results will be held on Thursday, April 26 at 2:00 p.m. Eastern. To participate in the call:

Via Telephone: The dial in number is 800-909-5202, and the passcode is "Estates."

Via the Internet (listen only): Access the Company's Investor Relations page at http://ir.aecrealty.com//. Please log on at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. Select the "Webcast" link at the top of the page and follow the brief instructions to register for the event. The webcast will be archived through May 10, 2007.

Associated Estates Realty Corporation is a real estate investment trust ("REIT"), headquartered in Richmond Heights, Ohio, a suburb of Cleveland. The Company directly or indirectly owns, manages or is a joint venture partner in 99 multifamily properties containing a total of 20,650 units located in nine states. For more information about the Company, please visit its website at: http://www.aecrealty.com/.

    For more information, please contact:

    Michael Lawson
    Vice President of Investor Relations
    216-797-8798
    mlawson@aecrealty.com

    Kimberly Kanary
    Manager of Corporate Communications
    216-797-8752
    kkanary@aecrealty.com

SOURCE Associated Estates Realty Corporation

Michael Lawson, Vice President of Investor Relations, +1-216-797-8798,
mlawson@aecrealty.com, or Kimberly Kanary, Manager of Corporate Communications,
+1-216-797-8752, kkanary@aecrealty.com, both of Associated Estates Realty Corporation
http://www.aecrealty.com/

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Associated Estates Realty Corp
1 AEC Parkway , Richmond Heights, OH 44143-1500
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