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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Combined and Condensed Balance Sheets      
Other assets $ 223,767 $ 208,460  
Total assets 4,371,203 [1],[2] 4,291,154 [1],[2] $ 4,302,582
Total liabilities, redeemable noncontrolling interests, and equity 4,371,203 4,291,154  
Investments carried at cost [3] 4,540 4,554  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 16,514 7,982  
Investments in and advances to unconsolidated affiliates 209,232 197,240  
Unconsolidated Affiliates      
Combined and Condensed Balance Sheets      
Rental property, net 1,016,229 723,411  
Other assets 162,713 125,699  
Total assets 1,178,942 849,110  
Mortgage notes payable 815,045 662,552  
Other liabilities 140,743 100,270  
Partners’ equity 223,154 86,288  
Total liabilities, redeemable noncontrolling interests, and equity 1,178,942 849,110  
Company's share of accumulated equity 131,793 128,690  
Basis differential 50,851 51,824  
Deferred fees, net of portion related to the Company's interest 5,400 3,794  
Amounts receivable/payable by the Company 446 396  
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates 188,490 184,704  
Investments carried at cost 4,228 4,554  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 16,514 7,982  
Investments in and advances to unconsolidated affiliates $ 209,232 $ 197,240  
[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: $1,640.1 million and $1,679.8 million of Operating real estate, net; $31.5 million and $28.9 million of Real estate under development; $74.4 million and $92.8 million of Investments in and advances to unconsolidated affiliates; $79.4 million and $101.7 million of Other assets, net; $2.0 million and $2.1 million of Right-of-use assets - operating leases, net; $15.9 million and $10.8 million of Cash and cash equivalents; $11.0 million and $7.0 million of Restricted cash; $27.3 million and $21.4 million of Rents receivable, net; $799.7 million and $764.6 million of property mortgage loans and other notes payable, net; $0.0 million and $80.5 million of Unsecured notes payable, net; $120.1 million and $127.2 million of Accounts payable and other liabilities; $2.1 million and $2.2 million of Lease liability- operating leases as of December 31, 2024 and 2023, respectively.
[2] Total assets for the Investment Management segment include $515.2 million, $555.8 million, and $569.1 million related to Fund II’s City Point property at December 31, 2024, 2023, and 2022, respectively.
[3] Includes cost-method investment in Fifth Wall. As of December 31, 2024, the Company recorded an impairment charge of $0.4 million.