Real Estate Central

CLEVELAND, Oct. 8 /PRNewswire-FirstCall/ — Associated Estates Realty
Corporation (NYSE: AEC) (Nasdaq: AEC) announced today that the Company’s
third quarter 2008 earnings are scheduled for release on Monday, October
27, 2008, after the market closes. 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
Investors section of the website and select Quarterly Results to access the
documents.

A conference call to discuss the results will be held on Tuesday,
October 28 at 2:00 p.m. Eastern. To participate in the call:

Via Telephone: The dial-in number is 800-860-2442, and the passcode is
“Estates.”

Via the Internet (listen only): Access the Company’s website at
http://www.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 “Register for AEC’s Conference Call” link on the left.
The webcast will be archived through November 11, 2008.

Associated Estates Realty Corporation (AEC) is a real estate investment
trust (”REIT”) and is a member of the Russell 2000. The Company is
headquartered in Richmond Heights, Ohio. AEC’s portfolio consists of 54
properties containing 13,396 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:

Kimberly Kanary
Vice President of Corporate Communications
216-797-8718
kkanary@aecrealty.com

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[Via Real Estate Newswire]