LIST OF AFFILIATES OF

ACADIA REALTY TRUST

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Acadia Realty Trust

Acadia Realty Limited Partnership

239 Greenwich Associates Limited Partnership

640 Broadway Member LLC

640 Broadway Owners LLC

69-73 Greene Street Member LLC

69-73 Greene Street Owners LLC

ABR Amboy Road LLC

Acadia 1520 Milwaukee Avenue LLC

Acadia 161ST Street LLC

Acadia 216TH Street LLC

Acadia 239 Greenwich Avenue, LLC

Acadia 28 Jericho Turnpike LLC

Acadia 2914 Third Avenue LLC

Acadia 3104 M Street LLC

Acadia 3104 M Street Lender LLC

Acadia 330 River Street LLC

Acadia 3319 Atlantic Avenue LLC

Acadia 4401 White Plains Road LLC

Acadia 56 East Walton LLC

Acadia 5-7 East 17^th Street LLC

Acadia 639 West Diversey LLC

Acadia 654 Broadway LLC

Acadia 654 Broadway Member LLC

Acadia 654 Broadway Owner LLC

Acadia 750 West Sunrise Highway LLC

Acadia 83 Spring Street LLC

Acadia Absecon LLC

Acadia Albee LLC

Acadia Albertsons Investors LLC

Acadia Atlantic Avenue LLC

Acadia Bartow Avenue, LLC

Acadia Berlin LLC

Acadia Bloomfield NJ LLC

Acadia Boonton LLC

Acadia Brandywine Condominium, LLC

Acadia Brandywine Holdings, LLC

Acadia Brandywine Subsidiary, LLC

Acadia Brandywine Town Center, LLC

Acadia Brentwood LLC

Acadia Cambridge LLC

Acadia Canarsie LLC

Acadia Chestnut LLC

Acadia Chicago LLC

Acadia Chicago Series A Member LLC

Acadia Chicago Series B Member LLC

Acadia Clark-Diversey LLC

Acadia Cortlandt Crossing LLC

Acadia Cortlandt LLC

Acadia Crescent Plaza LLC

Acadia Crossroads, LLC

Acadia Cub Foods Investors LLC

Acadia D.R. Management LLC

Acadia East Fordham Acquisitions LLC

Acadia Elmwood Park LLC

Acadia Gold Coast LLC

Acadia Hawk LLC

Acadia Heathcote LLC

Acadia Hendon Hitchcock Plaza, LLC

Acadia Heritage Shops LLC

Acadia Hobson LLC

Acadia K-H, LLC

Acadia L.U.F. LLC

Acadia Liberty LLC

Acadia Lincoln Park B Member LLC

Acadia Lincoln Park Centre LLC

Acadia Lincoln Road II LLC

Acadia Lincoln Road LLC

Acadia Mad River Property LLC

Acadia Marcus Avenue II LLC

Acadia Marcus Avenue LLC

Acadia Mark Plaza LLC

Acadia Market Square, LLC

Acadia Marsh Investors, LLC

Acadia MCB Holding Company LLC

Acadia Mercer Street LLC

Acadia Merrillville Realty, Inc.

Acadia Merrillville Realty, L.P.

Acadia Mervyn I, LLC

Acadia Mervyn II, LLC

Acadia Mervyn Investors I, LLC

Acadia Mervyn Investors II, LLC

Acadia Naamans Road LLC

Acadia New Loudon, LLC

Acadia North Michigan Avenue LLC

Acadia Nostrand Avenue LLC

Acadia Pacesetter LLC

Acadia Pelham Manor LLC

Acadia Property Holdings, LLC

Acadia Realty Acquisition I, LLC

Acadia Realty Acquisition II, LLC

Acadia Realty Acquisition III LLC

Acadia Realty Acquisition IV LLC

Acadia Republic Farmingdale LLC

Acadia Rex LLC

Acadia Rush Walton LLC

Acadia Second City 1521 West Belmont LLC

Acadia Second City 2206-08 North Halsted LLC

Acadia Second City 2633 North Halsted LLC

Acadia Second City 843-45 West Armitage LLC

Acadia Second City Biggs Mansion LLC

Acadia Second City LLC

Acadia Self Storage LLC

Acadia Self Storage Management Company LLC

Acadia Self Storage Management Investment Company LLC

Acadia Sheepshead Bay LLC

Acadia Sherman Avenue LLC

Acadia Shopko Investors LLC

Acadia SPE Boonton LLC

Acadia Storage Company LLC

Acadia Storage Investor LLC

Acadia Storage Post LLC

Acadia Storage Post Portfolio Company LLC

Acadia Strategic Opportunity Fund II, LLC

Acadia Strategic Opportunity Fund III LLC

Acadia Strategic Opportunity Fund III Special Member LLC

Acadia Strategic Opportunity Fund IV LLC

Acadia Strategic Opportunity Fund IV Promote Member LLC

Acadia Strategic Opportunity Fund IV Special Member LLC

Acadia Strategic Opportunity Fund, LP

Acadia Suffern LLC

Acadia Tarrytown, LLC

Acadia Town Line, LLC

Acadia Urban Development LLC

Acadia Urban Management Services LLC

Acadia Walnut Hill LLC

Acadia West 54^th Street LLC

Acadia West Diversey LLC

Acadia West Shore Expressway LLC

Acadia-Washington Square Albee LLC

Acadia-Washington Square Kingsbridge LLC

Acadia-Washington Square Tower 2 LLC

ACRS II LLC

ACRS, Inc.

A-K JV I LLC

Albee Development LLC

Albee Phase 3 Development LLC

Albee Tower I Member LLC

AmCap Acadia Agent, LLC

AmCap Acadia Benton, LLC

AmCap Acadia Indianapolis, LLC

AmCap Acadia K-H Holding, LLC

AmCap Acadia K-H, LLC

AmCap Acadia Tulsa, LLC

A-MCB Arundel LLC

AMCB Bloomfield LLC

AMCB Perring LLC

A-MCB White Oak LLC

ARA IV Class A Member LLC

Aspen Cove Apartments, LLC

Brandywine Town Center Maintenance Company LLC

BTS Boonton, L.L.C.

Canarsie Plaza LLC

City Point Century 21 Development LLC

City Point Retail Development LLC

Crossroads II

Crossroads II, LLC

Crossroads Joint Venture

Crossroads Joint Venture, LLC

Fordham Place Office LLC

GDC Beechwood, LLC

GDC SMG, LLC

Heathcote Associates, L.P.

Lincoln Road III LLC

Mark Plaza Fifty L.P.

Mark Twelve Associates, L.P.

Pacesetter/Ramapo Associates

RD Abington Associates Limited Partnership

RD Absecon Associates, L.P.

RD Bloomfield Associates Limited Partnership

RD Branch Associates L.P.

RD Elmwood Associates, L.P.

RD Hobson Associates, L.P.

RD Methuen Associates Limited Partnership

RD Smithtown, LLC

RD Woonsocket Associates Limited Partnership

Self Storage Management LLC

SMG Celebration, LLC

Storage Post Holdings LLC

White City East Partners LLC

White City Partners Holding Company LLC

White City Partners LLC