SHARE INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of option activity under all option arrangements as of December 31, 2012 and 2011, and changes during the years then ended, is presented below:

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

15. Share Incentive Plan, continued



Options	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (dollars in thousands)
Outstanding and exercisable at December 31, 2010	152,283		$	18.20	4.5	$	6
Granted	—		—		—	—
Exercised	(2,000	)	8.21		—	24
Forfeited or Expired	—		—		—	—
Outstanding and exercisable at December 31, 2011	150,283		18.33		3.5	272
Granted	—		—		—	—
Exercised	(12,636	)	14.23		—	137
Forfeited or Expired	—		—		—	—
Outstanding and exercisable at December 31, 2012	137,647		$	18.71	2.6	$	877

Schedule of Unvested Restricted Shares and LTIP Units [Table Text Block]

A summary of the status of the Company’s unvested Restricted Shares and LTIP Units as of December 31, 2012 and 2011 and changes during the years then ended is presented below:

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

15. Share Incentive Plan, continued



Unvested Restricted Shares and LTIP Units	Restricted Shares		Weighted Grant-Date Fair Value		LTIP Units		Weighted Grant-Date Fair Value
Unvested at December 31, 2010	153,430		$	19.75	562,739		$	16.61
Granted	32,970		19.13		431,412		19.08
Vested	(104,196	)	20.95		(153,895	)	16.78
Forfeited	(6,465	)	14.73		(1,358	)	16.86
Unvested at December 31, 2011	75,739		18.25		838,898		17.85
Granted	30,153		21.88		281,714		21.99
Vested	(43,819	)	19.29		(176,926	)	16.92
Forfeited	(1,157	)	16.02		—		—
Unvested at December 31, 2012	60,916		$	19.36	943,686		$	19.27