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Variable Interest Entities - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
VIE ASSETS [Abstract]        
Operating real estate, net $ 3,482,675 $ 3,343,265    
Real estate under development 92,729 184,602    
Investments in and advances to unconsolidated affiliates 184,034 291,156    
Other assets, net 243,498 229,591    
Right-of-use assets - operating leases, net 30,180 37,281    
Cash and cash equivalents 19,312 17,158 $ 18,068 $ 17,746
Restricted cash 7,868 15,063 12,635 $ 9,813
Rents receivable, net 50,415 49,506    
Total assets 4,280,778 [1],[2] 4,302,582 [2] $ 4,363,498 [1]  
Liabilities [Abstract]        
Mortgage and other notes payable, net 961,611 928,639    
Unsecured notes payable, net 666,188 696,134    
Accounts payable and other liabilities 221,586 196,491    
Lease liability - operating leases, net 32,520 35,271    
Total liabilities [2] 2,101,256 2,053,722    
VIE        
VIE ASSETS [Abstract]        
Operating real estate, net 1,636,783 1,466,381    
Real estate under development 28,132 129,888    
Investments in and advances to unconsolidated affiliates 100,502 210,922    
Other assets, net 97,396 98,675    
Right-of-use assets - operating leases, net 2,220 2,535    
Cash and cash equivalents 10,506 13,330    
Restricted cash 7,400 14,995    
Rents receivable, net 19,666 17,915    
Total assets [3] 1,902,605 1,954,641    
Liabilities [Abstract]        
Mortgage and other notes payable, net 795,600 761,166    
Unsecured notes payable, net 20,264 51,202    
Accounts payable and other liabilities 122,162 95,385    
Lease liability - operating leases, net 2,326 2,657    
Total liabilities [3] $ 940,352 $ 910,410    
[1] Real estate at cost and total assets for the Funds segment include $670.1 million and $661.7 million, or $423.8 million and $418.5 million net of noncontrolling interests, related to Fund II’s City Point property at September 30, 2023 and 2022, respectively.
[2] Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE") (Note 15). The consolidated balance sheets include the following amounts related to our consolidated VIEs that are consolidated by the Operating Partnership: $1,636.8 million and $1,466.4 million of Operating real estate, net; $28.1 million and $129.9 million of Real estate under development; $100.5 million and $210.9 million of Investments in and advances to unconsolidated affiliates; $97.4 million and $98.7 million of Other assets, net; $2.2 million and $2.5 million of Right-of-use assets - operating leases, net; $10.5 million and $13.3 million of Cash and cash equivalents; $7.4 million and $15.0 million of Restricted cash; $19.7 million and $17.9 million of Rents receivable, net; $795.6 million and $761.2 million of Mortgage and other notes payable, net; $20.3 million and $51.2 million of Unsecured notes payable, net; $122.2 million and $95.4 million of Accounts payable and other liabilities; $2.3 million and $2.7 million of Lease liability- operating leases, net as of September 30, 2023 and December 31, 2022, respectively.
[3] At September 30, 2023 and December 31, 2022, includes total VIE assets of $670.5 million and $678.1 million, respectively, and total VIE liabilities of $206.0 million and $200.4 million, respectively, related to third-party mortgages that are collateralized by the real estate assets of City Point, a Fund II property, and 27 East 61st Street, 801 Madison Avenue, and 1035 Third Avenue, all Fund IV properties, of which $72.5 million is guaranteed by the Operating Partnership (Note 9). The remaining VIE assets are generally encumbered by third-party non-recourse mortgage debt and are collateral under the respective mortgages and are therefore restricted and can only be used to settle the corresponding liabilities of the VIE. The remaining VIE assets may only be used to settle obligations of these consolidated VIEs and the remaining VIE liabilities are only the obligations of these consolidated VIEs and they do not have recourse to the Operating Partnership or the Company.