X0306 4 2020-05-07 0 0000899629 ACADIA REALTY TRUST AKR 0001241950 LUSCOMBE WENDY W C/O ACADIA REALTY TRUST 411 THEODORE FREMD AVE RYE NY 10580 1 0 0 0 Common Shares of Beneficial Interest - $.001 Par Value 2020-05-07 2020-05-07 4 A 0 8396 11.91 A 42939 D This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule:one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. Includes 612 shares earned under the Company's deferred compensation plan that were not previously reported. /s/ Wendy Luscombe 2020-05-07