The following tables set forth certain segment information for the Company (in thousands):



	As of or for the Three Months Ended June 30, 2017
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	41,488		$	18,016				$	—		$	59,504
Depreciation and amortization	(15,534		)	(10,523		)	—		—			(26,057		)
Property operating expenses, other operating and real estate taxes	(10,160		)	(7,681		)	—		—			(17,841		)
General and administrative expenses	—			—			—		(8,864		)	(8,864		)
Operating income (loss)	15,794			(188		)	—		(8,864		)	6,742
Interest income	—			—			8,203		—			8,203
Equity in earnings of unconsolidated affiliates	982			3,358			—		—			4,340
Interest expense	(6,933		)	(5,817		)	—		—			(12,750		)
Income tax provision	—			—			—		(427		)	(427		)
Net income (loss)	9,843			(2,647		)	8,203		(9,291		)	6,108
Net (income) loss attributable to noncontrolling interests	(372		)	6,324			—		—			5,952
Net income attributable to Acadia	$	9,471		$	3,677		$	8,203	$	(9,291	)	$	12,060

Real estate at cost	$	1,984,601		$	1,501,406		$	—	$	—		$	3,486,007
Total assets	$	2,252,390		$	1,546,607		$	249,848	$	—		$	4,048,845
Acquisition of real estate	$	—		$	43,097		$	—	$	—		$	43,097
Development and property improvement costs	$	2,758		$	16,530		$	—	$	—		$	19,288



	As of or for the Three Months Ended June 30, 2016
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	34,693		$	9,225		$	—	$	—		$	43,918
Depreciation and amortization	(11,706		)	(2,972		)	—		—			(14,678		)
Property operating expenses, other operating and real estate taxes	(8,286		)	(2,997		)	—		—			(11,283		)
General and administrative expenses	—			—			—		(8,521		)	(8,521		)
Operating income	14,701			3,256			—		(8,521		)	9,436
Gain on disposition of properties	—			16,572			—		—			16,572
Interest income	—			—			7,415		—			7,415
Equity in earnings of unconsolidated affiliates	581			1,159			—		—			1,740
Interest expense	(7,113		)	(1,784		)	—		—			(8,897		)
Income tax provision	—			—			—		(111		)	(111		)
Net income	8,169			19,203			7,415		(8,632		)	26,155
Net income attributable to noncontrolling interests	(9		)	(8,228		)	—		—			(8,237		)
Net income attributable to Acadia	$	8,160		$	10,975		$	7,415	$	(8,632	)	$	17,918

Real estate at cost	$	1,528,848		$	1,118,897		$	—	$	—		$	2,647,745
Total assets	$	1,809,395		$	1,152,103		$	273,542	$	—		$	3,235,040
Acquisition of real estate	$	6,250		$	—		$	—	$	—		$	6,250
Development and property improvement costs	$	6,975		$	11,452		$	—	$	—		$	18,427



	As of or For the Six Months Ended June 30, 2017
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	85,933		$	35,570		$	—	$	—		$	121,503
Depreciation and amortization	(31,973		)	(18,620		)	—		—			(50,593		)
Property operating expenses, other operating and real estate taxes	(23,012		)	(13,926		)	—		—			(36,938		)
General and administrative expenses	—			—			—		(17,333		)	(17,333		)
Operating income	30,948			3,024			—		(17,333		)	16,639
Interest income	—			—			17,187		—			17,187
Equity in earnings of unconsolidated affiliates	1,542			15,501			—		—			17,043
Interest expense	(14,088		)	(10,150		)	—		—			(24,238		)
Income tax provision	—			—			—		(552		)	(552		)
Net income	18,402			8,375			17,187		(17,885		)	26,079
Net (income) loss attributable to noncontrolling interests	(804		)	2,416			—		—			1,612
Net income attributable to Acadia	$	17,598		$	10,791		$	17,187	$	(17,885	)	$	27,691

Real estate at cost	$	1,984,601		$	1,501,406		$	—	$	—		$	3,486,007
Total assets	$	2,252,390		$	1,546,607		$	249,848	$	—		$	4,048,845
Acquisition of real estate	$	—		$	77,785		$	—	$	—		$	77,785
Development and property improvement costs	$	3,753		$	42,550		$	—	$	—		$	46,303



	As of or For the Six Months Ended June 30, 2016
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	72,800		$	19,163		$	—	$	—		$	91,963
Depreciation and amortization	(25,201		)	(6,326		)	—		—			(31,527		)
Property operating expenses, other operating and real estate taxes	(16,848		)	(6,428		)	—		—			(23,276		)
General and administrative expenses	—			—			—		(17,873		)	(17,873		)
Operating income	30,751			6,409			—		(17,873		)	19,287
Gain on disposition of properties	—			81,965			—		—			81,965
Interest income	—			—			12,053		—			12,053
Equity in earnings of unconsolidated affiliates	1,173			2,521			—		—			3,694
Interest expense	(13,877		)	(3,058		)	—		—			(16,935		)
Income tax provision	—			—			—		(34		)	(34		)
Net income	18,047			87,837			12,053		(17,907		)	100,030
Net income attributable to noncontrolling interests	(2,831		)	(50,356		)	—		—			(53,187		)
Net income attributable to Acadia	$	15,216		$	37,481		$	12,053	$	(17,907	)	$	46,843

Real estate at cost	$	1,528,848		$	1,118,897		$	—	$	—		$	2,647,745
Total assets	$	1,809,395		$	1,152,103		$	273,542	$	—		$	3,235,040
Acquisition of real estate	$	6,250		$	12,287		$	—	$	—		$	18,537
Development and property improvement costs	$	10,222		$	45,668		$	—	$	—		$	55,890