| Market Capitalization (Millions $) |
58 |
| Shares
Outstanding (Millions) |
15 |
| Employees |
900 |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
0 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Associated Estates Realty Corp was a real estate investment trust (REIT) that was headquartered in Richmond Heights, Ohio. The company was established in 1964 and had a history of more than 50 years in the real estate industry.
The company's primary focus was on the acquisition, development, ownership, and operation of multifamily apartment communities. It was primarily engaged in acquiring and managing high-quality apartment properties in strategic growth markets across the United States.
At its peak, Associated Estates Realty Corp owned and managed more than 50 apartment communities, consisting of more than 13,000 units located across 10 states. The properties had a diverse range of unit types, including studio, one-bedroom, two-bedroom, and three-bedroom apartments.
The company's primary objective was to generate passive income by leasing its properties. Its business model was designed to provide a steady stream of robust revenue and strong cash flow growth. Associated Estates Realty Corp was committed to providing high-quality customer service to its tenants to ensure long-term satisfaction and retention.
Associated Estates Realty Corp was an important player in the multifamily housing market. It had a reputation for being a well-managed, well-operated company that offered a superior living experience for its residents. The company's success was due, in part, to its commitment to operational efficiency and a culture of integrity, excellence, and innovation.
However, in October 2015, Associated Estates Realty Corp was acquired by Brookfield Asset Management. The acquisition resulted in the company's delisting from the New York Stock Exchange, and it ceased to be a publicly-traded REIT. Today, Associated Estates Realty Corp no longer operates as an independent entity, but its legacy lives on as a testament to the importance of sound management practices and a customer-centric approach in the real estate industry.
Company Address: 2005-4390 Grange Street British Columbia 0 DE
Company Phone Number: 669-5762 Stock Exchange / Ticker: NASDAQ AEC
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