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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Combined and Condensed Balance Sheets      
Real estate under development $ 94,799 $ 184,602  
Other assets 208,460 229,591  
Total assets [2] 4,291,154 [1] 4,302,582 [1] $ 4,261,746
Total liabilities, redeemable noncontrolling interests, and equity 4,291,154 4,302,582  
Investments carried at fair value or cost [3] 4,554 4,315  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 7,982 10,505  
Investments in and advances to unconsolidated affiliates 197,240 291,156  
Unconsolidated Affiliates      
Combined and Condensed Balance Sheets      
Rental property, net 723,411 650,997  
Real estate under development 0 17,359  
Other assets 125,699 127,070  
Total assets 849,110 795,426  
Mortgage notes payable 662,552 609,923  
Other liabilities 100,270 96,532  
Partners’ equity 86,288 88,971  
Total liabilities, redeemable noncontrolling interests, and equity 849,110 795,426  
Company's share of accumulated equity 128,690 131,878  
Basis differential 51,824 52,813  
Deferred fees, net of portion related to the Company's interest 3,794 5,937  
Amounts receivable/payable by the Company 396 305  
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates 184,704 190,933  
Investments carried at fair value or cost 4,554 89,718  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 7,982 10,505  
Investments in and advances to unconsolidated affiliates $ 197,240 $ 291,156  
[1] 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: $1,679.8 million and $1,466.4 million of Operating real estate, net; $28.9 million and $129.9 million of Real estate under development; $92.8 million and $210.9 million of Investments in and advances to unconsolidated affiliates; $101.7 million and $98.7 million of Other assets, net; $2.1 million and $2.5 million of Right-of-use assets - operating leases, net; $10.8 million and $13.3 million of Cash and cash equivalents; $7.0 million and $15.0 million of Restricted cash; $21.4 million and $17.9 million of Rents receivable, net; $764.6 million and $761.2 million of Mortgage and other notes payable, net; $80.5 million and $51.2 million of Unsecured notes payable, net; $127.2 million and $95.4 million of Accounts payable and other liabilities; $2.2 million and $2.7 million of Lease liability- operating leases as of December 31, 2023 and 2022, respectively.
[2] Total assets for the Funds segment include $555.8 million, $569.1 million, and $583.4 million related to Fund II’s City Point property at December 31, 2023, 2022,and 2021, respectively.
[3] Includes cost-method investment in Fifth Wall and other investments.