Associated Estates Files Definitive Proxy Materials and Mails Letter to Shareholders
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Land and Buildings Sends Letter to Associated Estates Realty (AEC); Proposes Board Changes
April 8, 2015 9:12 AM EDTLand and Buildings collectively with Scot Sellers the leader of Archstone-Smith Trust for over 15 years, culminating with the sale of the company for $22 billion near the peak of the market in 2007 are shareholders of approximately 2.8% of the common shares of Associated Estates Realty Corporation (NYSE: AEC) (AEC, Associated Estates, or the Company). Land and Buildings sent a letter to shareholders of AEC announcing that today it is distributing definitive proxy materials in support of electing Land and Buildings three independent, highly qualified, nominees to the Board of AEC to effect necessary and immediate change.
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