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



	As of or for the Three Months Ended March 31, 2018
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	41,628		$	21,496		$	—	$	—		$	63,124
Depreciation and amortization	(15,498		)	(13,078		)	—		—			(28,576		)
Property operating expenses, other operating and real estate taxes	(10,894		)	(8,483		)	—		—			(19,377		)
General and administrative expenses	—			—			—		(8,470		)	(8,470		)
Operating income (loss)	15,236			(65		)	—		(8,470		)	6,701
Interest income	—			—			3,737		—			3,737
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	1,426			258			—		—			1,684
Interest expense	(6,502		)	(9,388		)	—		—			(15,890		)
Income tax provision	—			—			—		(392		)	(392		)
Net income (loss)	10,160			(9,195		)	3,737		(8,862		)	(4,160		)
Net income (loss) attributable to noncontrolling interests	(73		)	11,652			—		—			11,579
Net income attributable to Acadia	$	10,087		$	2,457		$	3,737	$	(8,862	)	$	7,419

Real estate at cost	$	2,042,280		$	1,487,525		$	—	$	—		$	3,529,805
Total assets	$	2,283,451		$	1,546,566		$	108,959	$	—		$	3,938,976
Cash paid for acquisition of real estate	$	1,337		$	44,834		$	—	$	—		$	46,171
Cash paid for development and property improvement costs	$	5,946		$	12,190		$	—	$	—		$	18,136



	As of or for the Three Months Ended March 31, 2017
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	44,446		$	17,553		$	—	$	—		$	61,999
Depreciation and amortization	(16,439		)	(8,097		)	—		—			(24,536		)
Property operating expenses, other operating and real estate taxes	(12,853		)	(6,244		)	—		—			(19,097		)
General and administrative expenses	—			—			—		(8,469		)	(8,469		)
Operating income	15,154			3,212			—		(8,469		)	9,897
Interest income	—			—			8,984		—			8,984
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	560			12,143			—		—			12,703
Interest expense	(7,155		)	(4,333		)	—		—			(11,488		)
Income tax provision	—			—			—		(125		)	(125		)
Net income	8,559			11,022			8,984		(8,594		)	19,971
Net income attributable to noncontrolling interests	(432		)	(3,908		)	—		—			(4,340		)
Net income attributable to Acadia	$	8,127		$	7,114		$	8,984	$	(8,594	)	$	15,631

Real estate at cost	$	1,983,365		$	1,480,201		$	—	$	—		$	3,463,566
Total assets	$	2,246,037		$	1,498,045		$	276,507	$	—		$	4,020,589
Cash paid for acquisition of real estate	$	—		$	34,688		$	—	$	—		$	34,688
Cash paid for development and property improvement costs	$	996		$	26,019		$	—	$	—		$	27,015