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



	For the Three Months Ended June 30, 2018
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	40,539		$	23,030		$	—	$	—		$	63,569
Depreciation and amortization	(14,927		)	(14,576		)	—		—			(29,503		)
Property operating expenses, other operating and real estate taxes	(10,510		)	(9,350		)	—		—			(19,860		)
General and administrative expenses	—			—			—		(7,907		)	(7,907		)
Operating income (loss)	15,102			(896		)	—		(7,907		)	6,299
Gain on disposition of properties	—			33			—		—			33
Interest income	—			—			3,289		—			3,289
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	1,726			3,293			—		—			5,019
Interest expense	(7,001		)	(9,914		)	—		—			(16,915		)
Income tax provision	—			—			—		5			5
Net income (loss)	9,827			(7,484		)	3,289		(7,902		)	(2,270		)
Net loss attributable to noncontrolling interests	200			9,735			—		—			9,935
Net income attributable to Acadia	$	10,027		$	2,251		$	3,289	$	(7,902	)	$	7,665



	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 inclusive of gains on disposition of properties	982			3,358			—		—			4,340
Interest expense	(6,933		)	(5,817		)	—		—			(12,750		)
Income tax provision	—			—			—		(427		)	(427		)
Net income	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



	As of or for the Six Months Ended June 30, 2018
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	82,166		$	44,527		$	—	$	—		$	126,693
Depreciation and amortization	(30,425		)	(27,654		)	—		—			(58,079		)
Property operating expenses, other operating and real estate taxes	(21,405		)	(17,832		)	—		—			(39,237		)
General and administrative expenses	—			—			—		(16,377		)	(16,377		)
Operating income (loss)	30,336			(959		)	—		(16,377		)	13,000
Gain on disposition of properties	—			33			—		—			33
Interest income	—			—			7,026		—			7,026
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	3,152			3,551			—		—			6,703
Interest expense	(13,502		)	(19,303		)	—		—			(32,805		)
Income tax provision	—			—			—		(387		)	(387		)
Net income (loss)	19,986			(16,678		)	7,026		(16,764		)	(6,430		)
Net loss attributable to noncontrolling interests	128			21,386			—		—			21,514
Net income attributable to Acadia	$	20,114		$	4,708		$	7,026	$	(16,764	)	$	15,084

Real estate at cost	$	2,047,672		$	1,500,371		$	—	$	—		$	3,548,043
Total assets	$	2,236,405		$	1,535,154		$	109,209	$	—		$	3,880,768
Cash paid for acquisition of real estate	$	1,343		$	44,828		$	—	$	—		$	46,171
Cash paid for development and property improvement costs	$	15,293		$	26,644		$	—	$	—		$	41,937



	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 (loss)	30,948			3,024			—		(17,333		)	16,639
Interest income	—			—			17,187		—			17,187
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties	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
Cash paid for acquisition of real estate	$	—		$	77,785		$	—	$	—		$	77,785
Cash paid for development and property improvement costs	$	3,753		$	42,550		$	—	$	—		$	46,303