Exhibit 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
As independent public accountants, we consent to the
incorporation by reference in the registration statement of
Associated Estates Realty Corporation on Form S-8 (File No. 333-27429) of our report dated June 2, 2000 on our audit of the
financial statements and schedules of The AERC 401(K) Savings
Plan and Trust for the year ended December 31, 1999, which report
is included in the Annual Report on Form 11-K which is filed with
the Securities and Exchange Commission.
/s/ Reznick, Fedder & Silverman
Reznick, Fedder & Silverman
Bethesda, Maryland
June 26, 2000
