-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ms9zPr81ptSJbCNRBc+sUgQOkSRSR3DHU8OUlq6uuRXbJy+9yn/SfqDNPFJ0H0XV
 Tw4VZyhmR5PD1aSUWbX9bQ==

<SEC-DOCUMENT>0000891836-08-000136.txt : 20080728
<SEC-HEADER>0000891836-08-000136.hdr.sgml : 20080728
<ACCEPTANCE-DATETIME>20080728210156
ACCESSION NUMBER:		0000891836-08-000136
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071001
FILED AS OF DATE:		20080728
DATE AS OF CHANGE:		20080728

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACADIA REALTY TRUST
		CENTRAL INDEX KEY:			0000899629
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				232715194
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		20 SOUNDVIEW MARKETPLACE
		STREET 2:		PO BOX 1679
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050
		BUSINESS PHONE:		5167678830

	MAIL ADDRESS:	
		STREET 1:		600 THIRD AVE
		STREET 2:		PO BOX 1679
		CITY:			KINGSTON
		STATE:			PA
		ZIP:			18704

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARK CENTERS TRUST
		DATE OF NAME CHANGE:	19930329

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ING Fund Management B.V.
		CENTRAL INDEX KEY:			0001440203
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12002
		FILM NUMBER:		08974107

	BUSINESS ADDRESS:	
		STREET 1:		PRINSES BEATRIXLAAN
		CITY:			DEN HAAG
		STATE:			P7
		ZIP:			2595 AK
		BUSINESS PHONE:		(31) 70-379-14-01

	MAIL ADDRESS:	
		STREET 1:		PRINSES BEATRIXLAAN
		CITY:			DEN HAAG
		STATE:			P7
		ZIP:			2595 AK

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ING GROEP NV
		CENTRAL INDEX KEY:			0001039765
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12002
		FILM NUMBER:		08974108

	BUSINESS ADDRESS:	
		STREET 1:		AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM
		STREET 2:		PO BOX 810, 1000 AV
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			0000
		BUSINESS PHONE:		01131205418534

	MAIL ADDRESS:	
		STREET 1:		AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM
		STREET 2:		PO BOX 810, 1000 AV
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			0000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ING Capital Markets LLC
		CENTRAL INDEX KEY:			0001436581
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12002
		FILM NUMBER:		08974106

	BUSINESS ADDRESS:	
		STREET 1:		1325 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		6464246000

	MAIL ADDRESS:	
		STREET 1:		1325 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>sc0070-08_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-10-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000899629</issuerCik>
        <issuerName>ACADIA REALTY TRUST</issuerName>
        <issuerTradingSymbol>AKR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001039765</rptOwnerCik>
            <rptOwnerName>ING GROEP NV</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 810, 1000 AV</rptOwnerStreet2>
            <rptOwnerCity>AMSTERDAM</rptOwnerCity>
            <rptOwnerState>P7</rptOwnerState>
            <rptOwnerZipCode>0000</rptOwnerZipCode>
            <rptOwnerStateDescription>NETHERLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001440203</rptOwnerCik>
            <rptOwnerName>ING Fund Management B.V.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PRINSES BEATRIXLAAN 15</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>2595 AS DEN HAAG</rptOwnerCity>
            <rptOwnerState>P7</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>NETHERLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001436581</rptOwnerCik>
            <rptOwnerName>ING Capital Markets LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1325 AVENUE OF THE AMERICAS</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares of Beneficial Interest</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>323000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Note 2</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">In addition to ING Groep N.V. (&quot;ING&quot;), this Form 3 is being filed jointly by ING Fund Management B.V. (&quot;INGFM&quot;), whose
 address is Prinses Beatrixlaan 15, 2595 AS Den Haag, The Netherlands, and ING Capital Markets LLC (&quot;INGCM&quot;), whose address
 is 1325 Avenue of the Americas, New York, NY 10019. INGFM and INGCM are both wholly-owned, indirect subsidiaries of ING.</footnote>
        <footnote id="F2">Represents shares of AKR common stock held by INGCM. INGFM is the investment manager of the portfolio of ING Bewaar
 Maatscappij, which is the depositary for certain mutual funds organized pursuant to the laws of The Netherlands. INGFM does
 not have a pecuniary interest in any shares beneficially owned by it.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Just Emke-Petrelluzzi Bojanic, Compliance Officer, ING Groep N.V.</signatureName>
        <signatureDate>2008-07-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ R.M. Fischmann, Head of Compliance, Regulator &amp; Industry Body Liaison Netherlands, ING Groep N.V.</signatureName>
        <signatureDate>2008-07-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Just Emke-Petrelluzzi Bojanic, Authorized Signatory, ING Fund Management B.V.</signatureName>
        <signatureDate>2008-07-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ R.M. Fischmann, Authorized Signatory, ING Fund Management B.V.</signatureName>
        <signatureDate>2008-07-28</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Timothy M. Meehan, Assistant General Counsel, ING Capital Markets LLC</signatureName>
        <signatureDate>2008-07-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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