SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]

Change in Noncontrolling Interests

The following table summarizes the change in the noncontrolling interests since December 31, 2013:

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

11. Shareholders’ Equity and Noncontrolling Interests, continued

	Noncontrolling Interests in Operating Partnership			Noncontrolling Interests in Partially-Owned Affiliates
(dollars in thousands)
Balance at December 31, 2013	$	48,948		$	368,404
Distributions declared of $1.23 per Common OP Unit	(5,085		)	—
Net income for the period January 1 through December 31, 2014	3,204			77,878
Conversion of 136,128 OP Units to Common Shares by limited partners of the Operating Partnership	(3,181		)	—
Issuance of OP Units to acquire real estate	44,051			—
Other comprehensive income - unrealized loss on valuation of swap agreements	(345		)	(902		)
Reclassification of realized interest expense on swap agreements	115			984
Noncontrolling interest contributions	—			57,969
Noncontrolling interest distributions and other reductions	—			(218,152		)
Employee Long-term Incentive Plan Unit Awards	6,528			—
Balance at December 31, 2014	$	94,235		$	286,181