| Revenue | |
| Property revenue | 44.68M |
| Management and service company revenue | |
| Construction and other services | |
| Total revenue | 44.99M |
| Expenses | |
| Property operating and maintenance | 17.09M |
| Depreciation and amortization | 14.38M |
| Direct property management and service company expense | |
| Construction and other services | 0 |
| General and administrative | 4.96M |
| Costs associated with acquisitions | |
| Total expenses | 36.7M |
| Operating income | 8.3M |
| Interest income | |
| Interest expense | -7.42M |
| Net (loss) income | 10.36M |
| Net income attributable to noncontrolling redeemable interest | -17K |
| Net (loss) income attributable to AERC | 10.35M |
| Preferred share dividends | |
| Preferred share redemption costs | |
| Net (loss) income applicable to common shares | 10.3M |
| Earnings per common share - basic and diluted: | |
| Net (loss) income applicable to common shares | |
| Weighted average number of common shares outstanding - basic and diluted | |