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Associated Estates Realty no longer prefers to associate itself with affordable housing. The self-administered real estate investment trust (REIT) is in the process of exiting that market to focus on multifamily apartment properties, which it acquires, develops, and operates in eight states. Ohio, Michigan, Georgia, and Florida represent its largest markets. The REIT's portfolio consists of about 70 apartment communities (including more than 15,000 units) that it either wholly owns, manages for third parties, or asset manages. Subsidiary MIG Realty Advisors provides real estate investment and management services to both its parent and other companies.
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| | | Contact Information | |
Address: |
1 AEC Pkwy.
Richmond Heights, OH 44143-1467
| | Phone: | 216-261-5000 | | Fax: | 216-289-9600 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 134.90 M | | Revenue Growth (1 yr): | (-10.90%) | | Employees (2008): | 380 | | Employee Growth (1 yr): | (-15.20%) |
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Key People
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Chairman, President, and CEO:
Jeffrey I. Friedman
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SVP Operations:
John T. Shannon
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VP, Treasurer, and CFO:
Lou Fatica
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