Consent of Independent Registered Public Accounting Firm

Acadia Realty Trust

White Plains, New York

We hereby consent to the incorporation by reference in the Registration Statements on Form S-3 (No. 333-157886, 333-31630, 333-139950, 333-114785 and 333-126712) and Form S-8 (No. 33-95966, 333-106758) of Acadia Realty Trust of our reports dated February 27, 2013, relating to the consolidated financial statements and financial statement schedule, and the effectiveness of Acadia Realty Trust's internal control over financial reporting, which appear in this Form 10-K.

/s/ BDO USA, LLP

New York, NY

February 27, 2013