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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting Information [Line Items]      
Total revenues $ 292,497 $ 250,908 $ 289,585
Depreciation and amortization (123,439) (147,229) (122,580)
Property operating expenses, other operating and real estate taxes (98,873) (98,028) (88,231)
General and administrative expenses (40,125) (35,798) (34,299)
Impairment charges (9,925) (85,598) (1,721)
Gain on disposition of properties 10,521 683 30,324
Operating income 30,656 (115,062) 73,078
Interest income 9,065 8,979 7,988
Equity in earnings of unconsolidated affiliates 5,330 (3,057) 5,899
Interest expense (68,048) (69,671) (69,213)
Realized and unrealized holding gains (losses) on investments and other 49,120 113,362 6,947
Income tax provision (93) (269) (1,465)
Net income (loss) 26,030 (65,718) 23,234
Net (income) loss attributable to noncontrolling interests (2,482) 56,742 30,483
Net income (loss) attributable to Acadia 23,548 (8,976) 53,717
Real estate at cost 4,071,607 [1] 4,011,326 [1] 3,960,411
Total Assets 4,261,746 [1] 4,131,069 [1] 4,251,695
Cash paid for acquisition of real estate and leasehold interest 161,846 21,208 319,673
Cash paid for development and property improvement costs 40,671 36,579 89,385
Cash paid for acquisition of real estate     358,704
Operating Segments | Core Portfolio      
Segment Reporting Information [Line Items]      
Total revenues 181,332 160,262 173,177
Depreciation and amortization (69,103) (76,125) (61,819)
Property operating expenses, other operating and real estate taxes (56,957) (57,246) (47,032)
General and administrative expenses
Impairment charges 0 (419) 0
Gain on disposition of properties 4,612 174 16,771
Operating income 59,884 26,646 81,097
Interest income
Equity in earnings of unconsolidated affiliates (353) (874) 9,020
Interest expense (29,454) (33,185) (28,304)
Realized and unrealized holding gains (losses) on investments and other 18,564 327
Income tax provision
Net income (loss) 30,783 11,151 62,140
Net (income) loss attributable to noncontrolling interests (2,276) (5,837) 337
Net income (loss) attributable to Acadia 28,507 5,314 62,477
Real estate at cost 2,356,645 [1] 2,330,116 [1] 2,252,230
Total Assets 2,212,877 [1] 2,254,680 [1] 2,350,833
Cash paid for acquisition of real estate and leasehold interest 26,176 19,963  
Cash paid for development and property improvement costs 13,625 11,170 22,724
Cash paid for acquisition of real estate     173,892
Operating Segments | Opportunity Funds      
Segment Reporting Information [Line Items]      
Total revenues 111,165 90,646 116,408
Depreciation and amortization (54,336) (71,104) (60,761)
Property operating expenses, other operating and real estate taxes (41,916) (40,782) (41,199)
General and administrative expenses
Impairment charges (9,925) (85,179) (1,721)
Gain on disposition of properties 5,909 509 13,553
Operating income 10,897 (105,910) 26,280
Interest income
Equity in earnings of unconsolidated affiliates (4,977) (2,183) (3,121)
Interest expense (38,594) (36,486) (40,909)
Realized and unrealized holding gains (losses) on investments and other 53,654 95,366 6,620
Income tax provision
Net income (loss) (30,934) (49,213) (11,130)
Net (income) loss attributable to noncontrolling interests (206) 62,579 30,146
Net income (loss) attributable to Acadia 30,728 13,366 19,016
Real estate at cost 1,714,962 [1] 1,681,210 [1] 1,708,181
Total Assets 1,894,983 [1] 1,775,507 [1] 1,785,919
Cash paid for acquisition of real estate and leasehold interest 135,670 1,245  
Cash paid for development and property improvement costs 27,046 25,409 66,661
Cash paid for acquisition of real estate     184,812
Operating Segments | Structured Financing      
Segment Reporting Information [Line Items]      
Total revenues
Depreciation and amortization
Property operating expenses, other operating and real estate taxes
General and administrative expenses
Impairment charges 0 0 0
Gain on disposition of properties 0 0 0
Operating income  
Interest income 9,065 8,979 7,988
Equity in earnings of unconsolidated affiliates
Interest expense
Realized and unrealized holding gains (losses) on investments and other (4,534) (568)
Income tax provision
Net income (loss) 4,531 8,411 7,988
Net (income) loss attributable to noncontrolling interests
Net income (loss) attributable to Acadia 4,531 8,411 7,988
Real estate at cost
Total Assets 153,886 [1] 100,882 [1] 114,943
Cash paid for acquisition of real estate and leasehold interest  
Cash paid for development and property improvement costs
Cash paid for acquisition of real estate    
Unallocated      
Segment Reporting Information [Line Items]      
Total revenues
Depreciation and amortization
Property operating expenses, other operating and real estate taxes
General and administrative expenses 40,125 (35,798) (34,299)
Impairment charges 0 0 0
Gain on disposition of properties 0 0 0
Operating income (40,125) (35,798) (34,299)
Interest income
Equity in earnings of unconsolidated affiliates
Interest expense
Realized and unrealized holding gains (losses) on investments and other
Income tax provision (93) (269) (1,465)
Net income (loss) (40,218) (36,067) (35,764)
Net (income) loss attributable to noncontrolling interests
Net income (loss) attributable to Acadia (40,218) (36,067) (35,764)
Real estate at cost
Total Assets
Cash paid for acquisition of real estate and leasehold interest  
Cash paid for development and property improvement costs
Cash paid for acquisition of real estate    
[1] Real estate at cost and total assets for the Funds segment include $657.0 million and $641.7 million, or $190.9 million and $186.5 million net of non-controlling interests, related to Fund II’s City Point property at December 31, 2021 and 2020, respectively.