SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Associated Estates Realty Corporation of Commencement of an Investigation Regarding the Fairness of the Sale of the Company

The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Associated Estates Realty Corporation stock prior to April 22, 2015.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Associated Estates Realty Corporation (NYSE: AEC) to a real estate fund managed by Brookfield Asset Management Inc. (NYSE: BAM) for $28.75 in cash per share. To learn more about the investigation and your rights, go to:

HTTP://ZLK.9NL.COM/ASSOCIATED-ESTATES-AEC

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.