Associated Estates Realty To Sell 5.5 Mln Shares

Associated Estates Realty Corp. Q1 FFO Rises - Quick Facts

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6/21/2012 4:19 PM ET

Associated Estates Realty Corp. (AEC: Quote) Thursday said it plans to sell 5.5 million shares in an underwritten public offering.

The company also intends to grant the underwriters a 30-day option to purchase up to an additional 825 thousand shares.

The company intends to use the proceeds to fund property acquisitions and development and for general corporate purposes.

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