associated estates realty cp (AEC) Key Developments
John S. Gates to Stand for Election to Associated Estates Realty Corporation's Board of Directors
Mar 9 15
Associated Estates Realty Corporation announced that John S. Gates, Jr. will stand for election to the company's board of directors at the company's 2015 annual meeting of shareholders. Mr. Gates, co-founder and former co-chairman and chief executive officer of CenterPoint Properties Trust. He has a demonstrated track record of success in real estate development, financing, investment, strategic planning, mergers and acquisitions, and public company management.
Associated Estates Realty Corporation Declares Quarterly Dividend Payable May 1, 2015
Mar 6 15
Associated Estates Realty Corporation announced that a quarterly dividend of $0.21 per share has been declared on the Company's common shares, payable May 1, 2015 to shareholders of record on April 15, 2015.
Associated Estates Realty Corporation Announces Acquisition of 1160 Hammond Located in Perimeter Submarket of Atlanta
Mar 3 15
Associated Estates Realty Corporation announced the acquisition of 1160 Hammond, a luxury apartment community located in the Perimeter submarket of Atlanta. Comprising 345 units with 16,000 square feet of amenity space, 1160 Hammond offers convenient access to approximately 29 million square feet of nearby offices, restaurants, entertainment venues and shopping options, including Perimeter Mall. Residents are also within walking distance of the Sandy Springs MARTA station, which offers direct access into Downtown Atlanta. The brand new apartment community offers various floor plans that include 10' ceilings, kitchen islands, granite countertops, tiled backsplashes, upscale cabinets and plank-style flooring. Additionally, 1160 Hammond opens with another feature that will separate it from its competition—a smoke-free policy for its apartment homes. The newly-constructed property is in lease up and is currently 44.6% leased with average rents of approximately $1,550 per month. The company now owns three properties comprising a total of 699 units in the Atlanta market.
Associated Estates Realty Corporation Appoints Jon A. Fosheim to its Board of Directors
Feb 20 15
Associated Estates Realty Corporation announced that it has appointed Jon A. Fosheim to its board of directors where he will serve as a member of the finance and planning committee. The appointment is effective immediately. Fosheim brings significant real estate investment, financial and strategic planning experience to the board. He was a principal and co-founder of Green Street Advisors and previously served as CEO of Oak Hill REIT Management.
Associated Estates Realty Corporation Announces to Increase its Quarterly Dividend During the Year 2015
Feb 19 15
Associated Estates Realty Corporation's board announced to increase its quarterly dividend twice during the year 2015, raising its annualized distribution by 10.5%.