CLEVELAND, OH (REIT Media) January 7, 2008 - Associated Estates Realty Corporation (NYSE: AEC) announced today that the Company's fourth quarter 2007 earnings are scheduled for release on Thursday, February 7, 2008, 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, February 7 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 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 February 21, 2008.

Associates Estates Realty Corporation is a real estate investment trust ("REIT") and is a member of the Russell 2000 Index. The Company, headquartered in Richmond Heights, Ohio, directly or indirectly owns, manages or is a joint venture partner in 67 properties containing a total of 15,066 units located in 9 states. For more information about the Company, please visit its website at www.aecrealty.com.

    For more information, please contact:

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