Associated Estates Realty Corporation is a self-administered and self-managed equity real estate investment trust (REIT). The Company is engaged in property management, development, acquisition, disposition, construction, operation and ownership activities involving multifamily residential real estate. It operates in two segments: multifamily properties and construction and other services. As of December 31, 2010, its operating property portfolio consisted of 52 owned apartment communities containing 13,662 units in eight states. It owns six other properties consisting of 2,131 units located in Florida, Georgia and Virginia and have completed a 60-unit addition to a Virginia property. During the year ended December 31, 2010, the Company expanded in Northern Virginia, completing the acquisitions of three properties aggregating 1,272 units. It also acquired a 222-unit property in Dallas, Texas.