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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Common shares, par value (in dollars per share) $ 0.001 $ 0.001
Common shares, authorized (in shares) 200,000,000 200,000,000
Common shares, issued (in shares) 94,951,297 89,303,545
Common shares, outstanding (in shares) 94,951,297 89,303,545
Total assets [2] $ 4,363,498 [1] $ 4,261,746
Total liabilities [2] 2,082,295 2,111,811
VIE    
Total assets 1,987,023 1,978,555
Total liabilities $ 918,090 $ 1,210,162
[1] Real estate at cost and total assets for the Funds segment include $661.7 million and $654.0 million, or $418.5 million and $190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021, respectively.
[2] Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022, the assets and liabilities of the Operating Partnership includes $2.0 billion and $0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. As of December 31, 2021, the assets and liabilities of the Operating Partnership includes $2.0 billion and $1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership (Note 1).