CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
ASSETS
Operating real estate, net		$ 3,343,265	$ 3,219,373
Real estate under development		184,602	203,773
Net investments in real estate		3,527,867	3,423,146
Notes receivable, net		123,903	153,886
Investments in and advances to unconsolidated affiliates		291,156	322,326
Other assets, net		229,591	186,509
Right-of-use assets - operating leases, net		37,281	40,743
Cash and cash equivalents		17,158	17,746
Restricted cash		15,063	9,813
Rents receivable, net		49,506	43,625
Assets of properties held for sale		11,057	63,952
Total assets	[1],[2]	4,302,582	4,261,746
LIABILITIES
Mortgage and other notes payable, net		928,639	1,140,293
Unsecured notes payable, net		696,134	559,040
Unsecured line of credit		168,287	112,905
Accounts payable and other liabilities		196,491	236,415
Lease liability - operating leases, net		35,271	38,759
Dividends and distributions payable		18,395	14,460
Distributions in excess of income from, and investments in, unconsolidated affiliates		10,505	9,939
Total liabilities	[2]	2,053,722	2,111,811
Commitments and contingencies
Redeemable noncontrolling interests		67,664	0
Acadia Shareholders' Equity
Common shares, $0.001 par value per share, authorized 200,000,000 shares, issued and outstanding 95,120,773 and 89,303,545 shares, respectively		95	89
Additional paid-in capital		1,945,322	1,754,383
Accumulated other comprehensive income (loss)		46,817	(36,214)
Distributions in excess of accumulated earnings		(300,402)	(196,645)
Total Acadia shareholders’ equity		1,691,832	1,521,613
Noncontrolling interests		489,364	628,322
Total equity		2,181,196	2,149,935
Total liabilities, equity and redeemable noncontrolling interests		$ 4,302,582	$ 4,261,746

[1] Real estate at cost and total assets for the Funds segment include $663.4 million and $657.0 million, or $272.1 million and $190.9 million net of non-controlling interests, related to Fund II’s City Point property at December 31, 2022 and 2021, respectively.

[2] Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE") (Note 16). The consolidated balance sheets include the following amounts related to our consolidated VIEs that are consolidated by the Operating Partnership: $1,466.4 million and $1,482.6 million of Operating real estate, net; $129.9 million and $161.5 million of Real estate under development; $- and $0.7 million of Notes receivable, net; $210.9 million and $200.8 million of Investments in and advances to unconsolidated affiliates; $98.7 million and $94.3 million of Other assets, net; $2.5 million and $2.9 million of Right-of-use assets - operating leases, net; $13.3 million and $9.8 million of Cash and cash equivalents; $15.0 million and $9.8 million of Restricted cash; $17.9 million and $16.1 million of Rents receivable, net; $761.2 million and $948.0 million of Mortgage and other notes payable, net; $51.2 million and $162.8 million of Unsecured notes payable, net; $95.4 million and $96.2 million of Accounts payable and other liabilities; $2.7 million and $3.1 million of Lease liability- operating leases, net as of December 31, 2022 and 2021, respectively.