The following tables set forth certain segment information for the Company (in thousands):



	As of or for the Year Ended December 31, 2016
(dollars in thousands)	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	150,211		$	39,728		$	—	$	—		$	189,939
Property operating expenses, other operating and real estate taxes	(39,598		)	(17,793		)	—		—			(57,391		)
General and administrative expenses	—			—			—		(40,648		)	(40,648		)
Depreciation and amortization	(54,582		)	(15,429		)	—		—			(70,011		)
Operating income	56,031			6,506			—		(40,648		)	21,889
Equity in earnings of unconsolidated affiliates	3,774			35,675			—		—			39,449
Interest income	—			—			25,829		—			25,829
Interest and other finance expense	(27,435		)	(7,210		)	—		—			(34,645		)
Gain on disposition of properties	—			81,965			—		—			81,965
Income tax benefit	—			—			—		105			105
Net income	32,370			116,936			25,829		(40,543		)	134,592
Net income attributable to noncontrolling interests	(3,411		)	(58,405		)	—		—			(61,816		)
Net income attributable to Acadia	$	28,959		$	58,531		$	25,829	$	(40,543	)	$	72,776

Real estate at cost	$	1,982,763		$	1,399,237		$	—	$	—		$	3,382,000
Total assets	$	2,271,620		$	1,448,177		$	276,163	$	—		$	3,995,960
Acquisition of real estate	$	323,880		$	171,764		$	—	$	—		$	495,644
Development and property improvement costs	$	13,434		$	136,000		$	—	$	—		$	149,434



	As of or for the Year Ended December 31, 2015
(dollars in thousands)	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	150,015		$	49,048		$	—	$	—		$	199,063
Property operating expenses, other operating and real estate taxes	(37,259		)	(21,223		)	—		—			(58,482		)
General and administrative expenses	—			—			—		(30,368		)	(30,368		)
Depreciation and amortization	(46,223		)	(14,528		)	—		—			(60,751		)
Impairment of asset	(5,000		)	—			—		—			(5,000		)
Operating income	61,533			13,297			—		(30,368		)	44,462
Equity in (losses) earnings of unconsolidated affiliates	1,169			36,161			—		—			37,330
Interest income	—			—			16,603		—			16,603
Other	—			—			1,596		—			1,596
Interest and other finance expense	(27,945		)	(9,352		)	—		—			(37,297		)
Gain on disposition of properties	—			89,063			—		—			89,063
Income tax provision	—			—			—		(1,787		)	(1,787		)
Net income	34,757			129,169			18,199		(32,155		)	149,970
Net income attributable to noncontrolling interests	(140		)	(84,122		)	—		—			(84,262		)
Net income attributable to Acadia	$	34,617		$	45,047		$	18,199	$	(32,155	)	$	65,708

Real estate at cost	$	1,572,681		$	1,163,602		$	—	$	—		$	2,736,283
Total assets	$	1,662,092		$	1,223,039		$	147,188	$	—		$	3,032,319
Acquisition of real estate	$	181,884		$	156,816		$	—	$	—		$	338,700
Development and property improvement costs	$	16,505		$	147,810		$	—	$	—		$	164,315



	As of or for the Year Ended December 31, 2014
(in thousands)	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	125,022		$	54,659		$	—	$	—		$	179,681
Property operating expenses, other operating and real estate taxes	(33,097		)	(18,574		)	—		—			(51,671		)
General and administrative expenses	—			—			—		(27,433		)	(27,433		)
Depreciation and amortization	(35,875		)	(13,770		)	—		—			(49,645		)
Operating income	56,050			22,315			—		(27,433		)	50,932
Equity in (losses) earnings of unconsolidated affiliates	(77		)	111,655			—		—			111,578
Gain on disposition of properties	12,577			561			—		—			13,138
Interest income	—			—			12,607		—			12,607
Other	—			—			2,724		—			2,724
Interest and other finance expense	(27,024		)	(12,402		)	—		—			(39,426		)
Income tax provision	—			—			—		(629		)	(629		)
Income from continuing operations	41,526			122,129			15,331		(28,062		)	150,924
Income from discontinued operations	—			1,222			—		—			1,222
Net income	41,526			123,351			15,331		(28,062		)	152,146
Net income attributable to noncontrolling interests	(3,222		)	(77,860		)	—		—			(81,082		)
Net income attributable to Acadia	$	38,304		$	45,491		$	15,331	$	(28,062	)	$	71,064

Real estate at cost	$	1,366,017		$	842,578		$	—	$	—		$	2,208,595
Total assets	$	1,613,290		$	1,005,145		$	102,286	$	—		$	2,720,721
Acquisition of real estate	$	206,203		$	50,250		$	—	$	—		$	256,453
Development and property improvement costs	$	5,432		$	134,686		$	—	$	—		$	140,118