Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summary of Segment Information

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

	For the Three Months Ended September 30, 2021
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	45,942		$	27,504		$	—		$	—		$	73,446
Depreciation and amortization		(17,678	)		(13,188	)		—			—			(30,866	)
Property operating expenses, other operating and real estate taxes		(13,911	)		(10,107	)		—			—			(24,018	)
General and administrative expenses		—			—			—			(9,978	)		(9,978	)
Impairment charges		—			(9,925	)		—			—			(9,925	)
Operating income (loss)		14,353			(5,716	)		—			(9,978	)		(1,341	)
Interest income		—			—			2,354			—			2,354
Realized and unrealized holding gains on investments and other		—			47,643			(350	)		—			47,293
Equity in (losses) earnings of unconsolidated affiliates		(485	)		1,129			—			—			644
Interest expense		(7,446	)		(9,888	)		—			—			(17,334	)
Income tax provision		—			—			—			(59	)		(59	)
Net income		6,422			33,168			2,004			(10,037	)		31,557
Net income attributable to noncontrolling interests		(906	)		(18,582	)		—			—			(19,488	)
Net income attributable to Acadia	$	5,516		$	14,586		$	2,004		$	(10,037	)	$	12,069

	For the Three Months Ended September 30, 2020
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	38,848		$	12,433		$	—		$	—		$	51,281
Depreciation and amortization		(17,987	)		(16,470	)		—			—			(34,457	)
Property operating expenses, other operating and real estate taxes		(12,709	)		(9,539	)		—			—			(22,248	)
General and administrative expenses		—			—			—			(8,625	)		(8,625	)
Gain on disposition of properties		—			24			—			—			24
Operating income (loss)		8,152			(13,552	)		—			(8,625	)		(14,025	)
Interest income		—			—			2,132			—			2,132
Realized and unrealized holding losses on investments and other		—			(7,906	)		(40	)		—			(7,946	)
Equity in (losses) earnings of unconsolidated affiliates		(784	)		160			—			—			(624	)
Interest expense		(8,276	)		(9,476	)		—			—			(17,752	)
Income tax provision		—			—			—			(74	)		(74	)
Net (loss) income		(908	)		(30,774	)		2,092			(8,699	)		(38,289	)
Net loss attributable to noncontrolling interests		1,407			27,852			—			—			29,259
Net income (loss) attributable to Acadia	$	499		$	(2,922	)	$	2,092		$	(8,699	)	$	(9,030	)

	As of or for the Nine Months Ended September 30, 2021
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	134,292		$	83,208		$	—		$	—		$	217,500
Depreciation and amortization		(51,898	)		(41,703	)		—			—			(93,601	)
Property operating expenses, other operating and real estate taxes		(41,773	)		(32,578	)		—			—			(74,351	)
General and administrative expenses		—			—			—			(29,645	)		(29,645	)
Impairment charges		—			(9,925	)		—			-			(9,925	)
Gain on disposition of properties		4,612			5,909			—			—			10,521
Operating income		45,233			4,911			—			(29,645	)		20,499
Interest income		—			—			6,108			—			6,108
Realized and unrealized holding gains on investments and other		—			57,031			(520	)		—			56,511
Equity in (losses) earnings of unconsolidated affiliates		(944	)		4,957			—			—			4,013
Interest expense		(22,010	)		(30,070	)		—			—			(52,080	)
Income tax provision		—			—			—			(403	)		(403	)
Net income		22,279			36,829			5,588			(30,048	)		34,648
Net income attributable to noncontrolling interests		(1,919	)		(11,580	)		—			—			(13,499	)
Net income attributable to Acadia	$	20,360		$	25,249		$	5,588		$	(30,048	)	$	21,149
Real estate at cost (a)	$	2,328,208		$	1,807,120		$	—		$	—		$	4,135,328
Total assets (a)	$	2,201,871		$	1,884,306		$	158,468		$	—		$	4,244,645
Cash paid for acquisition of real estate	$	—		$	63,425		$	—		$	—		$	63,425
Cash paid for development and property improvement costs	$	11,601		$	15,596		$	—		$	—		$	27,197

	As of or for the Nine Months Ended September 30, 2020
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	117,383		$	69,091		$	—		$	—		$	186,474
Depreciation and amortization		(53,193	)		(48,434	)		—			—			(101,627	)
Property operating expenses, other operating and real estate taxes		(42,484	)		(31,034	)		—			—			(73,518	)
General and administrative expenses		—			—			—			(26,415	)		(26,415	)
Impairment charges		—			(51,549	)		—			—			(51,549	)
Gain on disposition of properties		—			509			—			—			509
Operating income (loss)		21,706			(61,417	)		—			(26,415	)		(66,126	)
Interest income		—			—			7,156			—			7,156
Realized and unrealized holding gains on investments and other		—			79,845			(510	)		—			79,335
Equity in (losses) earnings of unconsolidated affiliates		(212	)		57			—			—			(155	)
Interest expense		(25,127	)		(29,246	)		—			—			(54,373	)
Income tax benefit		—			—			—			741			741
Net (loss) income		(3,633	)		(10,761	)		6,646			(25,674	)		(33,422	)
Net loss attributable to noncontrolling interests		7,691			27,697			—			—			35,388
Net income attributable to Acadia	$	4,058		$	16,936		$	6,646		$	(25,674	)	$	1,966
Real estate at cost (a)	$	2,365,426		$	1,802,865		$	—		$	—		$	4,168,291
Total assets (a)	$	2,291,730		$	1,824,880		$	134,798		$	—		$	4,251,408
Cash paid for acquisition of real estate	$	19,963		$	1,245		$	—		$	—		$	21,208
Cash paid for development and property improvement costs	$	7,522		$	20,427		$	—		$	—		$	27,949

a)Real estate at cost and total assets for the Funds segment include $654.0 million and $606.6 million, or $190.0 million and $176.5 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2021 and 2020, respectively.