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



	As of or for the Year Ended December 31, 2017
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	169,975		$	80,287		$	—	$	—		$	250,262
Depreciation and amortization	(61,705		)	(43,229		)	—		—			(104,934		)
Property operating expenses, other operating and real estate taxes	(45,349		)	(34,449		)	—		—			(79,798		)
Impairment charges	—			(14,455		)	—		—			(14,455		)
General and administrative expenses	—			—			—		(33,756		)	(33,756		)
Operating income	62,921			(11,846		)	—		(33,756		)	17,319
Gain on disposition of properties	—			48,886			—		—			48,886
Interest income	—			—			29,143		—			29,143
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	3,735			19,636			—		—			23,371
Interest expense	(28,618		)	(30,360		)	—		—			(58,978		)
Gain on change in control	5,571			—			—		—			5,571
Income tax provision	—			—			—		(1,004		)	(1,004		)
Net income	43,609			26,316			29,143		(34,760		)	64,308
Net income attributable to noncontrolling interests	(1,107		)	(1,731		)	—		—			(2,838		)
Net income attributable to Acadia	$	42,502		$	24,585		$	29,143	$	(34,760	)	$	61,470

Real estate at cost	$	2,032,485		$	1,433,997		$	—	$	—		$	3,466,482
Total assets	$	2,305,663		$	1,500,755		$	153,829	$	—		$	3,960,247
Cash paid for acquisition of real estate	$	—		$	200,429		$	—	$	—		$	200,429
Cash paid for development and property improvement costs	$	49,339		$	66,116		$	—	$	—		$	115,455



	As of or for the Year Ended December 31, 2016
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	150,211		$	39,728		$	—	$	—		$	189,939
Depreciation and amortization	(54,582		)	(15,429		)	—		—			(70,011		)
Property operating expenses, other operating and real estate taxes	(39,598		)	(17,793		)	—		—			(57,391		)
General and administrative expenses	—			—			—		(40,648		)	(40,648		)
Operating income	56,031			6,506			—		(40,648		)	21,889
Gain on disposition of properties	—			81,965			—		—			81,965
Interest income	—			—			25,829		—			25,829
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	3,774			35,675			—		—			39,449
Interest expense	(27,435		)	(7,210		)	—		—			(34,645		)
Income tax benefit	—			—			—		105			105
Net income	32,370			116,936			25,829		(40,543		)	134,592
Net income attributable to noncontrolling interests	(3,411		)	(58,405		)	—		—			(61,816		)
Net income attributable to Acadia	$	28,959		$	58,531		$	25,829	$	(40,543	)	$	72,776

Real estate at cost	$	1,982,763		$	1,399,237		$	—	$	—		$	3,382,000
Total assets	$	2,271,620		$	1,448,177		$	276,163	$	—		$	3,995,960
Cash paid for acquisition of real estate	$	323,880		$	171,764		$	—	$	—		$	495,644
Cash paid for development and property improvement costs	$	13,434		$	136,000		$	—	$	—		$	149,434



	As of or for the Year Ended December 31, 2015
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	150,015		$	49,048		$	—	$	—		$	199,063
Depreciation and amortization	(46,223		)	(14,528		)	—		—			(60,751		)
Property operating expenses, other operating and real estate taxes	(37,259		)	(21,223		)	—		—			(58,482		)
Impairment charges	(5,000		)	—			—		—			(5,000		)
General and administrative expenses	—			—			—		(30,368		)	(30,368		)
Operating income	61,533			13,297			—		(30,368		)	44,462
Gain on disposition of properties	—			89,063			—		—			89,063
Interest income	—			—			16,603		—			16,603
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	1,169			36,161			—		—			37,330
Other	—			—			1,596		—			1,596
Interest expense	(27,945		)	(9,352		)	—		—			(37,297		)
Income tax provision	—			—			—		(1,787		)	(1,787		)
Net income	34,757			129,169			18,199		(32,155		)	149,970
Net income attributable to noncontrolling interests	(140		)	(84,122		)	—		—			(84,262		)
Net income attributable to Acadia	$	34,617		$	45,047		$	18,199	$	(32,155	)	$	65,708

Real estate at cost	$	1,572,681		$	1,163,602		$	—	$	—		$	2,736,283
Total assets	$	1,662,092		$	1,223,039		$	147,188	$	—		$	3,032,319
Cash paid for acquisition of real estate	$	181,884		$	156,816		$	—	$	—		$	338,700
Cash paid for development and property improvement costs	$	16,505		$	147,810		$	—	$	—		$	164,315