Associated Estates Realty Corporation (AEC) is a self-administered and self-managed equity real estate investment trust (REIT) founded in 1964. The company's portfolio comprises 52 properties with a total of 13,950 units across 10 states. AEC specializes in multifamily properties and is involved in ownership, operation, acquisition, development, construction, disposition, and property management within this sector. In 2012, multifamily properties contributed approximately 99.4% of AEC's consolidated revenue.
During that year, AEC acquired four new properties, including three in the Raleigh/Durham submarket totaling 760 units, and one 396-unit property in Dallas, Texas. Additionally, the company procured land in Los Angeles, California, for developing an apartment community, featuring a building with approximately 78,800 square feet of office and retail space.
Integrated in Analytics, Real Estate, and Construction industries, AEC presents an investment opportunity in the multifamily real estate sector, with diversified assets across 10 states. The company's strategic focus on multifamily properties positions it for potential growth opportunities in the real estate market. However, further details about the headquarters, last investment, and investors are currently unavailable.
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