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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Combined and Condensed Balance Sheets      
Real estate under development $ 186,360 $ 203,773  
Other assets, net 234,558 186,509  
Total VIE assets 4,363,498 [1],[2] 4,261,746 [2] $ 4,184,285
Total liabilities and equity 4,363,498 4,261,746  
Investments carried at fair value or cost 3,994 3,811  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 8,880 9,939  
Investments in and advances to unconsolidated affiliates 317,422 322,326  
Unconsolidated Affiliates      
Combined and Condensed Balance Sheets      
Rental property, net 681,799 631,661  
Real estate under development 14,387 8,112  
Other assets, net 133,731 78,300  
Total VIE assets 829,917 718,073  
Mortgage notes payable 624,043 571,461  
Other liabilities 99,566 69,166  
Partners’ equity 106,308 77,446  
Total liabilities and equity 829,917 718,073  
Company's share of accumulated equity 145,270 113,285  
Basis differential 53,061 66,031  
Deferred fees, net of portion related to the Company's interest 3,674 4,071  
Amounts receivable/payable by the Company 175 666  
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates 202,180 184,053  
Investments carried at fair value or cost 106,362 128,334  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 8,880 9,939  
Investments in and advances to unconsolidated affiliates $ 317,422 $ 322,326  
[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).