Associated Estates Announces Partial Exercise of Underwriters' Option to Purchase Additional Common Shares (Associated Estates Realty Corporation)

(Source: Associated Estates Realty Corporation) CLEVELAND, July 2, 2013/PRNewswire/ -- Associated Estates Realty Corporation (NYSE: AEC, NASDAQ: AEC) ("Associated Estates" or "the Company") today announced the partial exercise of the underwriters' option to purchase an additional 547,958 common shares in connection with the most recent underwritten public offering, which was conducted on a forward basis. After giving effect to this partial option exercise, an aggregate of 7,047,958 common shares were sold pursuant to the forward sale agreement detailed below at a public offering price of $17.25per share. Total net proceeds, after deducting the underwriting discount...