SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2020

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

ACADIA REALTY TRUST

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2020

			Initial Cost to Company						Amount at Which Carried at December 31, 2020
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Operations is Compared
Core Portfolio:
Crescent Plaza Brockton, MA		—		1,147		7,425		3,357		1,147		10,782		11,929		8,766	1993	(a)	40 years
New Loudon Center Latham, NY		—		505		4,161		14,736		505		18,897		19,402		16,143	1993	(a)	40 years
Mark Plaza Edwardsville, PA		—		—		3,396		—		—		3,396		3,396		3,074	1993	(c)	40 years
Plaza 422 Lebanon, PA		—		190		3,004		2,809		190		5,813		6,003		5,298	1993	(c)	40 years
Route 6 Mall Honesdale, PA		—		1,664		—		12,515		1,664		12,515		14,179		10,658	1994	(c)	40 years
Abington Towne Center Abington, PA		—		799		3,197		3,872		799		7,069		7,868		4,444	1998	(a)	40 years
Bloomfield Town Square Bloomfield Hills, MI		—		3,207		13,774		22,705		3,207		36,479		39,686		25,390	1998	(a)	40 years
Elmwood Park Shopping Center Elmwood Park, NJ		—		3,248		12,992		18,143		3,798		30,585		34,383		20,969	1998	(a)	40 years
Merrillville Plaza Hobart, IN		—		4,288		17,152		6,269		4,288		23,421		27,709		14,854	1998	(a)	40 years
Marketplace of Absecon Absecon, NJ		—		2,573		10,294		5,193		2,577		15,483		18,060		9,548	1998	(a)	40 years
239 Greenwich Avenue Greenwich, CT		26,212		1,817		15,846		1,086		1,817		16,932		18,749		9,190	1998	(a)	40 years
Hobson West Plaza Naperville, IL		—		1,793		7,172		5,308		1,793		12,480		14,273		6,374	1998	(a)	40 years
Village Commons Shopping Center Smithtown, NY		—		3,229		12,917		5,238		3,229		18,155		21,384		11,063	1998	(a)	40 years
Town Line Plaza Rocky Hill, CT		—		878		3,510		8,008		907		11,489		12,396		9,505	1998	(a)	40 years
Branch Shopping Center Smithtown, NY		—		3,156		12,545		16,470		3,401		28,770		32,171		15,894	1998	(a)	40 years
Methuen Shopping Center Methuen, MA		—		956		3,826		1,695		961		5,516		6,477		3,057	1998	(a)	40 years
The Gateway Shopping Center South Burlington, VT		—		1,273		5,091		12,751		1,273		17,842		19,115		11,258	1999	(a)	40 years
Mad River Station Dayton, OH		—		2,350		9,404		2,254		2,350		11,658		14,008		6,827	1999	(a)	40 years
Brandywine Holdings Wilmington, DE		—		5,063		15,252		2,495		5,201		17,609		22,810		8,002	2003	(a)	40 years
Bartow Avenue Bronx, NY		—		1,691		5,803		1,331		1,691		7,134		8,825		3,647	2005	(c)	40 years
Amboy Road Staten Island, NY		—		—		11,909		3,195		—		15,104		15,104		8,911	2005	(a)	40 years
Chestnut Hill Philadelphia, PA		—		8,289		5,691		4,509		8,289		10,200		18,489		5,372	2006	(a)	40 years
2914 Third Avenue Bronx, NY		—		11,108		8,038		5,231		11,855		12,522		24,377		3,778	2006	(a)	40 years
West Shore Expressway Staten Island, NY		—		3,380		13,499		62		3,380		13,561		16,941		5,259	2007	(a)	40 years
West 54th Street Manhattan, NY		—		16,699		18,704		1,308		16,699		20,012		36,711		7,290	2007	(a)	40 years
5-7 East 17th Street Manhattan, NY		—		3,048		7,281		6,145		3,048		13,426		16,474		8,502	2008	(a)	40 years
651-671 W Diversey Chicago, IL		—		8,576		17,256		15		8,576		17,271		25,847		4,136	2011	(a)	40 years
15 Mercer Street Manhattan, NY		—		1,887		2,483		1		1,887		2,484		4,371		590	2011	(a)	40 years
4401 White Plains Bronx, NY		—		1,581		5,054		—		1,581		5,054		6,635		1,179	2011	(a)	40 years
56 E. Walton Chicago, IL		—		994		6,126		2,666		994		8,792		9,786		534	2011	(a)	40 years
841 W. Armitage Chicago, IL		—		728		1,989		422		728		2,411		3,139		647	2011	(a)	40 years

			Initial Cost to Company						Amount at Which Carried at December 31, 2020
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Operations is Compared
2731 N. Clark Chicago, IL		—		557		1,839		32		557		1,871		2,428		451	2011	(a)	40 years
2140 N. Clybourn Chicago, IL		—		306		788		—		306		788		1,094		187	2011	(a)	40 years
853 W. Armitage Chicago, IL		—		557		1,946		439		557		2,385		2,942		688	2011	(a)	40 years
2299 N. Clybourn Avenue Chicago, IL		—		177		484		—		177		484		661		114	2011	(a)	40 years
843-45 W. Armitage Chicago, IL		—		731		2,730		228		731		2,958		3,689		682	2012	(a)	40 years
1525 W. Belmont Avenue Chicago, IL		—		1,480		3,338		711		1,480		4,049		5,529		890	2012	(a)	40 years
2206-08 N. Halsted Chicago, IL		—		1,183		3,540		351		1,183		3,891		5,074		1,119	2012	(a)	40 years
2633 N. Halsted Chicago, IL		—		960		4,096		359		998		4,417		5,415		961	2012	(a)	40 years
50-54 E. Walton Chicago, IL		—		2,848		12,694		576		2,848		13,270		16,118		2,985	2012	(a)	40 years
662 W. Diversey Chicago, IL		—		1,713		1,603		10		1,713		1,613		3,326		324	2012	(a)	40 years
837 W. Armitage Chicago, IL		—		780		1,758		237		780		1,995		2,775		471	2012	(a)	40 years
823 W. Armitage Chicago, IL		—		717		1,149		95		717		1,244		1,961		258	2012	(a)	40 years
851 W. Armitage Chicago, IL		—		545		209		139		545		348		893		127	2012	(a)	40 years
1240 W. Belmont Avenue Chicago, IL		—		2,137		1,589		1,357		2,137		2,946		5,083		587	2012	(a)	40 years
21 E. Chestnut Chicago, IL		—		1,318		8,468		43		1,318		8,511		9,829		1,717	2012	(a)	40 years
819 W. Armitage Chicago, IL		—		790		1,266		142		790		1,408		2,198		386	2012	(a)	40 years
1520 Milwaukee Avenue Chicago, IL		—		2,110		1,306		290		2,110		1,596		3,706		366	2012	(a)	40 years
330-340 River St Cambridge, MA		10,875		8,404		14,235		—		8,404		14,235		22,639		3,282	2012	(a)	40 years
Rhode Island Place Shopping Center Washington, D.C.		—		7,458		15,968		2,209		7,458		18,177		25,635		4,615	2012	(a)	40 years
930 Rush Street Chicago, IL		—		4,933		14,587		—		4,933		14,587		19,520		3,191	2012	(a)	40 years
28 Jericho Turnpike Westbury, NY		12,895		6,220		24,416		34		6,220		24,450		30,670		5,496	2012	(a)	40 years
181 Main Street Westport, CT		—		1,908		12,158		409		1,908		12,567		14,475		2,613	2012	(a)	40 years
83 Spring Street Manhattan, NY		—		1,754		9,200		1		1,754		9,201		10,955		1,955	2012	(a)	40 years
60 Orange Street Bloomfield, NJ		6,727		3,609		10,790		—		3,609		10,790		14,399		2,454	2012	(a)	40 years
179-53 & 1801-03 Connecticut Avenue Washington, D.C.		—		11,690		10,135		1,167		11,690		11,302		22,992		2,567	2012	(a)	40 years
639 West Diversey Chicago, IL		—		4,429		6,102		1,082		4,429		7,184		11,613		1,735	2012	(a)	40 years
664 North Michigan Chicago, IL		—		15,240		65,331		302		15,240		65,633		80,873		12,866	2013	(a)	40 years
8-12 E. Walton Chicago, IL		—		5,398		15,601		977		5,398		16,578		21,976		3,425	2013	(a)	40 years
3200-3204 M Street Washington, DC		—		6,899		4,249		168		6,899		4,417		11,316		965	2013	(a)	40 years
868 Broadway Manhattan, NY		—		3,519		9,247		5		3,519		9,252		12,771		1,637	2013	(a)	40 years

			Initial Cost to Company							Amount at Which Carried at December 31, 2020
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Operations is Compared
313-315 Bowery Manhattan, NY		—		—		5,516		—			—		5,516		5,516		1,563	2013	(a)	40 years
120 West Broadway Manhattan, NY		—		—		32,819		1,167			—		33,986		33,986		4,009	2013	(a)	40 years
11 E. Walton Chicago, IL		—		16,744		28,346		784			16,744		29,130		45,874		5,124	2014	(a)	40 years
61 Main Street Westport, CT		—		4,578		2,645		1,740			4,578		4,385		8,963		601	2014	(a)	40 years
865 W. North Avenue Chicago, IL		—		1,893		11,594		3,729			1,893		15,323		17,216		1,983	2014	(a)	40 years
152-154 Spring St. Manhattan, NY		—		8,544		27,001		177			8,544		27,178		35,722		4,615	2014	(a)	40 years
2520 Flatbush Ave Brooklyn, NY		—		6,613		10,419		303			6,613		10,722		17,335		1,855	2014	(a)	40 years
252-256 Greenwich Avenue Greenwich, CT		—		10,175		12,641		958			10,175		13,599		23,774		2,404	2014	(a)	40 years
Bedford Green Bedford Hills, NY		—		12,425		32,730		4,445			13,763		35,837		49,600		6,381	2014	(a)	40 years
131-135 Prince Street Manhattan, NY		—		—		57,536		592			—		58,128		58,128		17,475	2014	(a)	40 years
Shops at Grand Ave Queens, NY		—		20,264		33,131		1,814			20,264		34,945		55,209		5,580	2014	(a)	40 years
201 Needham Street Newton, MA		—		4,550		4,459		105			4,550		4,564		9,114		768	2014	(a)	40 years
City Center San Francisco, CA		—		36,063		109,098		(20,435	)		26,386		98,340		124,726		17,050	2015	(a)	40 years
163 Highland Avenue Needham, MA		8,298		12,679		11,213		(107	)		12,529		11,256		23,785		1,775	2015	(a)	40 years
Roosevelt Galleria Chicago, IL		—		4,838		14,574		79			4,838		14,653		19,491		1,957	2015	(a)	40 years
Route 202 Shopping Center Wilmington, DE		—		—		6,346		501			—		6,847		6,847		1,463	2015	(a)	40 years
991 Madison Avenue Manhattan, NY		—		—		76,965		(75,359	)		—		1,606		1,606		359	2016	(a)	40 years
165 Newbury Street Boston, MA		—		1,918		3,980		—			1,918		3,980		5,898		464	2016	(a)	40 years
Concord & Milwaukee Chicago, IL		2,568		2,739		2,746		246			2,739		2,992		5,731		380	2016	(a)	40 years
State & Washington Chicago, IL		23,298		3,907		70,943		6,225			3,907		77,168		81,075		8,505	2016	(a)	40 years
151 N. State Street Chicago, IL		13,253		1,941		25,529		—			1,941		25,529		27,470		2,819	2016	(a)	40 years
North & Kingsbury Chicago, IL		11,756		18,731		16,292		664			18,731		16,956		35,687		1,868	2016	(a)	40 years
Sullivan Center Chicago, IL		50,000		13,443		137,327		1,481			13,443		138,808		152,251		15,288	2016	(a)	40 years
California & Armitage Chicago, IL		2,428		6,770		2,292		4			6,770		2,296		9,066		274	2016	(a)	40 years
555 9th Street San Francisco, CA		60,000		75,591		73,268		278			75,591		73,546		149,137		7,707	2016	(a)	40 years
Market Square Wilmington, DE		—		8,100		31,221		312			8,100		31,533		39,633		2,680	2017	(a)	40 years
613-623 W. Diversey Chicago, IL		—		10,061		2,773		11,123			10,061		13,896		23,957		3,689	2018	(c)	40 years
51 Greene Street Manhattan, NY		—		4,488		8,992		—			4,488		8,992		13,480		412	2019	(a)	40 years
53 Greene Street Manhattan, NY		—		3,605		12,177		—			3,605		12,177		15,782		533	2019	(a)	40 years
41 Greene Street Manhattan, NY		—		6,276		9,582		—			6,276		9,582		15,858		379	2019	(a)	40 years

			Initial Cost to Company							Amount at Which Carried at December 31, 2020
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Operations is Compared
47 Greene Street Manhattan, NY		—		6,265		16,758		—			6,265		16,758		23,023		594	2019	(a)	40 years
849 W Armitage Chicago, IL		—		837		2,731		—			837		2,731		3,568		96	2019	(a)	40 years
912 W Armitage Chicago, IL		—		982		2,868		—			982		2,868		3,850		100	2019	(a)	40 years
Melrose Place Collection Los Angeles, CA		—		20,490		26,788		—			20,490		26,788		47,278		784	2019	(a)	40 years
45 Greene Street Manhattan, NY		—		2,903		8,487		2			2,903		8,489		11,392		248	2019	(a)	40 years
565 Broadway Manhattan, NY		—		—		22,491		12			—		22,503		22,503		609	2019	(a)	40 years
907 W Armitage Chicago, IL		—		700		2,081		—			700		2,081		2,781		62	2019	(a)	40 years
37 Greene Street Manhattan, NY		—		6,721		9,119		—			6,721		9,119		15,840		228	2020	(a)	40 years
917 W Armitage Chicago, IL		—		901		2,368		—			901		2,368		3,269		59	2020	(a)	40 years
Brandywine Town Center Wilmington, DE		—		15,632		101,861		72			15,632		101,933		117,565		2,192	2020	(a)	40 years
Fund II:
City Point Brooklyn, NY		247,086		—		100,316		466,763			—		567,079		567,079		76,384	2007	(c)	40 years
Fund III:
654 Broadway Manhattan, NY		—		9,040		3,654		(2,126	)		5,034		5,534		10,568		1,853	2011	(a)	40 years
640 Broadway Manhattan, NY		35,970		12,503		19,960		16,526			12,503		36,486		48,989		8,203	2012	(a)	40 years
Cortlandt Crossing Mohegan Lake, NY		35,948		11,000		—		41,666			8,648		44,018		52,666		3,162	2012	(c)	40 years
Fund IV:
210 Bowery Manhattan, NY		—		1,875		5,625		(3,500	)		1,875		2,125		4,000		109	2012	(c)	40 years
Paramus Plaza Paramus, NJ		20,810		11,052		7,037		14,946			11,052		21,983		33,035		5,160	2013	(a)	40 years
27 E. 61st Street Manhattan, NY		—		4,813		14,438		8,424			4,813		22,862		27,675		1,781	2014	(c)	40 years
17 E. 71st Street Manhattan, NY		15,385		7,391		20,176		322			7,391		20,498		27,889		3,281	2014	(a)	40 years
1035 Third Avenue Manhattan, NY		—		12,759		37,431		5,753			14,099		41,844		55,943		6,880	2015	(a)	40 years
801 Madison Avenue Manhattan, NY		—		4,178		28,470		(5,185	)		2,922		24,541		27,463		2,599	2015	(c)	40 years
2208-2216 Fillmore Street San Francisco, CA		5,606		3,027		6,376		137			3,027		6,513		9,540		840	2015	(a)	40 years
2207 Fillmore Street San Francisco, CA		1,120		1,498		1,735		125			1,498		1,860		3,358		249	2015	(a)	40 years
146 Geary St. San Francisco, CA		22,900		9,500		28,500		(227	)		8,037		29,736		37,773		186	2015	(a)	40 years
1964 Union Street San Francisco, CA		1,456		563		1,688		2,056			563		3,744		4,307		305	2016	(c)	40 years
Restaurants at Fort Point Boston, MA		5,958		1,041		10,905		182			1,041		11,087		12,128		1,391	2016	(a)	40 years
Wakeforest Crossing Wake Forest, NC		22,949		7,570		24,829		574			7,570		25,403		32,973		3,438	2016	(a)	40 years
Airport Mall Bangor, ME		5,186		2,294		7,067		2,534			2,006		9,889		11,895		1,193	2016	(a)	40 years
Dauphin Plaza Harrisburg, PA		12,466		5,290		9,464		3,069			5,290		12,533		17,823		2,089	2016	(a)	40 years

			Initial Cost to Company							Amount at Which Carried at December 31, 2020
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Operations is Compared
Mayfair Shopping Center Philadelphia, PA		11,597		6,178		9,266		1,095			6,178		10,361		16,539		1,344	2016	(a)	40 years
Shaw's Plaza Waterville, ME		7,478		828		11,814		271			828		12,085		12,913		1,418	2016	(a)	40 years
Wells Plaza Wells, ME		5,587		1,892		2,585		484			1,892		3,069		4,961		540	2016	(a)	40 years
717 N. Michigan Chicago, IL		14,810		20,674		10,093		(4,251	)		17,652		8,864		26,516		1,021	2016	(c)	40 years
Shaw's Plaza North Windham, ME		5,551		1,876		6,696		56			1,876		6,752		8,628		657	2017	(a)	40 years
Lincoln Place Fairview Heights, IL		23,100		7,149		22,201		2,098			7,149		24,299		31,448		2,872	2017	(a)	40 years
18 E. Broughton St. Savannah, GA		2,032		609		1,513		22			609		1,535		2,144		87	2018	(a)	40 years
20 E. Broughton St. Savannah, GA		1,258		588		937		—			588		937		1,525		53	2018	(a)	40 years
25 E. Broughton St. Savannah, GA		3,302		1,324		2,459		362			1,324		2,821		4,145		197	2018	(a)	40 years
109 W. Broughton St. Savannah, GA		8,809		2,343		6,560		271			2,343		6,831		9,174		387	2018	(a)	40 years
204-206 W. Broughton St. Savannah, GA		590		547		439		45			547		484		1,031		30	2018	(a)	40 years
216-218 W. Broughton St. Savannah, GA		3,674		1,160		2,736		2,179			1,160		4,915		6,075		218	2018	(a)	40 years
220 W. Broughton St. Savannah, GA		2,416		619		1,799		1,109			619		2,908		3,527		165	2018	(a)	40 years
223 W. Broughton St. Savannah, GA		924		465		688		—			465		688		1,153		39	2018	(a)	40 years
226-228 W. Broughton St. Savannah, GA		2,551		660		1,900		34			660		1,934		2,594		110	2018	(a)	40 years
309/311 W. Broughton St. Savannah, GA		3,619		1,160		2,695		—			1,160		2,695		3,855		152	2018	(a)	40 years
110 University Manhattan, NY		—		—		1,370		(361	)		—		1,009		1,009		60	2019	(a)	40 years
230-240 W. Broughton St. Savannah, GA		—		2,185		9,597		4			2,185		9,601		11,786		140	2020	(a)	40 years
102 E. Broughton St. Savannah, GA		—		—		514		—			—		514		514		7	2020	(a)	40 years
Fund V:
Plaza Santa Fe Santa Fe, NM		22,893		—		28,214		680			—		28,894		28,894		2,886	2017	(a)	40 years
Hickory Ridge Hickory, NC		29,876		7,852		29,998		1,472			7,852		31,470		39,322		3,140	2017	(a)	40 years
New Towne Plaza Canton, MI		16,688		5,040		17,391		726			5,040		18,117		23,157		1,756	2017	(a)	40 years
Fairlane Green Allen Park, MI		40,300		18,121		37,143		324			18,121		37,467		55,588		3,096	2017	(a)	40 years
Trussville Promenade Birmingham, AL		29,370		7,587		34,285		43			7,587		34,328		41,915		2,652	2018	(a)	40 years
Elk Grove Commons Elk Grove, CA		41,500		6,204		48,008		494			6,204		48,502		54,706		3,079	2018	(a)	40 years
Hiram Pavilion Hiram, GA		28,830		13,029		25,446		259			13,029		25,705		38,734		1,800	2018	(a)	40 years
Palm Coast Landing Palm Coast, FL		26,500		7,066		27,299		314			7,066		27,613		34,679		1,393	2019	(a)	40 years
Lincoln Commons Lincoln, RI		38,820		14,429		34,417		316			14,429		34,733		49,162		1,561	2019	(a)	40 years
Landstown Commons Virginia Beach, VA		60,900		10,222		69,005		676			10,222		69,681		79,903		2,632	2019	(a)	40 years

				Initial Cost to Company						Amount at Which Carried at December 31, 2020
Description and Location	Encumbrances			Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)	Life on which Depreciation in Latest Statement of Operations is Compared
Real Estate Under Development		37,190			73,469		25,347		148,533		83,146		164,203		247,349		—
Unamortized Loan Costs		(6,507	)		—		—		—		—		—		—		—
Unamortized Premium		548			—		—		—		—		—		—		—
Total	$	1,125,356		$	867,524	$	2,395,406	$	831,358	$	859,421	$	3,234,867	$	4,094,288	$	586,800

Notes:

1. Depreciation on buildings and improvements reflected in the consolidated statements of operations is calculated over the estimated useful life of the assets as follows: Buildings at 40 years and improvements at the shorter of lease term or useful life.

2. The aggregate gross cost of property included above for Federal income tax purposes was approximately $4.2 billion as of December 31, 2020.

The following table reconciles the activity for real estate properties from January 1, 2018 to December 31, 2020 (in thousands):

	Year Ended December 31,
	2020			2019			2018
Balance at beginning of year	$	4,039,536		$	3,697,805		$	3,466,482
Improvements and other		75,246			97,000			99,594
Property acquisitions		19,109			303,884			134,559
Property dispositions or held for sale assets		(19,659	)		(84,243	)		(34,666	)
Right-of-use assets - finance leases obtained and reclassified		(76,965	)		102,055			—
Capital lease reclassified as Right-of-use assets - finance lease		—			(76,965	)		—
Consolidation of previously unconsolidated investments		129,863			—			31,836
Impairment charges		(72,842	)		—			—
Balance at end of year	$	4,094,288		$	4,039,536		$	3,697,805

The following table reconciles accumulated depreciation from January 1, 2018 to December 31, 2020 (in thousands):

	Year Ended December 31,
	2020			2019			2018
Balance at beginning of year	$	490,227		$	416,657		$	339,862
Depreciation related to real estate		104,049			85,317			78,453
Property dispositions		(939	)		(11,747	)		(1,658	)
Right-of-use assets - finance leases reclassified		(6,537	)		—			—
Balance at end of year	$	586,800		$	490,227		$	416,657