Financial Services >> CEO Interviews >> July 2, 2001
JEFFREY I. FRIEDMAN is Chairman, President, and Chief Executive Officer
of Associated Estates Realty Corporation. He obtained his Bachelor of
Science degree from Ohio State University in 1974. He has been involved
in the real estate business since 1969. In 1971, he became involved in
the multifamily housing business, learning the business from the ground
up. Mr. Friedman joined the Associated Estates organization in 1974. In
1976, he was named Vice President and a Director of Associated Estates
Corporation and AEC Management Company. In 1979, he was named Chief
Executive Officer and President. Mr. Friedman continues to hold the
positions of Chairman, President, and Chief Executive Officer. In July
1993, Associated Estates Realty Corporation was formed as a real estate
investment trust (REIT). Mr. Friedman was elected Chairman of the Board
and Chief Executive Officer. The company went public in November 1993,
following more than 25 years in business as a builder, manager and owner
of apartment communities in Cleveland, Ohio. In June 1998, AEC acquired
privately owned MIG Realty Advisors, Inc. Today, the company and its
affiliates specialize in the development, acquisition, ownership and
management of multifamily properties. Mr. Friedman is active in several
national and local civic and charitable organizations, including the
Greater Cleveland Sports Commission. He is a graduate of Leadership
Cleveland and is also active in various professional organizations,
including World Presidents' Organization, and Urban Land Institute. Profile
TWST: Could you begin with a brief history of the company and then apicture of the company as it is now?
Mr. Friedman: Associated Estates Realty Corporation is one of the
largest managers of