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Associated Estates Realty Corp. (AEC)

On Feb 9: 11.01 USD  Down 0.29 (2.57%)  
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Associated Estates Realty Corp.
1 AEC Parkway
Richmond Heights, OH 44143-1467
Phone: 216-261-5000
Fax: 216-289-9600
Web Site: http://www.aecrealty.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: REIT - Residential
Employees (last reported count): 380

BUSINESS SUMMARY
Associated Estates Realty Corporation operates as a self-administered and self-managed equity real estate investment trust in the United States. It engages in property acquisition, advisory, development, management, disposition, operation, and ownership of multifamily residential units. As of June 30, 2005, it owned or property managed 113 apartment communities in 11 states consisting of 24,203 units. The company has elected to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code. The company would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. Associated Estates Realty Corp. was founded in 1993 and is headquartered in Richmond Heights, Ohio.
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    OFFICERS
      Pay Exercised
    Mr. Jeffrey I. Friedman , 58
    Exec. Chairman, Chief Exec. Officer, Pres, Chairman of the Pricing Committee, Chairman of the Exec. Committee and Member of the Fin. & Planning Committee
    $ 1.27M $ 2.02M
    Mr. Lou Fatica , 43
    Chief Financial Officer, Principal Accounting Officer, VP and Treasurer
    $ 501.00K $ 0
    Mr. John T. Shannon , 48
    Sr. VP of Operations
    $ 482.00K $ 0
    Mr. Martin A. Fishman , 68
    VP, Sec. and Gen. Counsel
    $ 393.00K $ 397.00K
    Ms. Kimberly Kanary ,
    VP of Corp. Communications
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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