FEDERAL INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Tax Status of Dividends [Table Text Block]

The Company has determined that the cash distributed to the shareholders is characterized as follows for Federal income tax purposes:

	For the years ended December 31,
	2013		2012		2011
Ordinary income	87	%	63	%	75	%
Qualified dividend	—	%	—	%	22	%
Capital gain	13	%	37	%	3	%
	100	%	100	%	100	%

Schedule of TRS Income and Provision for Income Taxes [Table Text Block]

The Company’s TRS income and provision for income taxes for the years ended December 31, 2013, 2012 and 2011 are summarized as follows:

(dollars in thousands)	2013			2012			2011
TRS (loss) income before income taxes	$	(2,225	)	$	(2,056	)	$	376
Benefit (provision) for income taxes:
Federal	276			592			(222		)
State and local	71			147			(59		)
TRS net (loss) income before noncontrolling interests	(1,878		)	(1,317		)	95
Noncontrolling interests	267			702			1,245
TRS net (loss) income	$	(1,611	)	$	(615	)	$	1,340

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from the amount computed by applying the statutory federal income tax rate to income before income taxes as follows (not adjusted for temporary book/tax differences):

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

19. Federal Income Taxes, continued

(dollars in thousands)	2013			2012			2011
Federal (benefit) provision at statutory tax rate	$	(757	)	$	(699	)	$	128
TRS state and local taxes, net of federal benefit	(117		)	(109		)	20
Tax effect of:
Permanent differences, net	496			809			(279		)
Prior year overaccrual, net	128			(553		)	—
Restricted stock vesting	(2		)	(159		)	266
Other	127			(41		)	133
REIT state and local income and franchise taxes	144			178			193
Total provision (benefit) for income taxes	$	19		$	(574	)	$	461