SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2019

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

ACADIA REALTY TRUST

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2019

			Initial Cost to Company						Amount at Which Carried at December 31, 2019
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Income is Compared
Core Portfolio:
Crescent Plaza Brockton, MA		—		1,147		7,425		3,301		1,147		10,726		11,873		8,455	1993	(a)	40 years
New Loudon Center Latham, NY		—		505		4,161		14,119		505		18,280		18,785		15,352	1993	(a)	40 years
Mark Plaza Edwardsville, PA		—		—		3,396		—		—		3,396		3,396		3,028	1993	(c)	40 years
Plaza 422 Lebanon, PA		—		190		3,004		2,809		190		5,813		6,003		5,262	1993	(c)	40 years
Route 6 Mall Honesdale, PA		—		1,664		—		12,490		1,664		12,490		14,154		10,235	1994	(c)	40 years
Abington Towne Center Abington, PA		—		799		3,197		3,872		799		7,069		7,868		4,222	1998	(a)	40 years
Bloomfield Town Square Bloomfield Hills, MI		—		3,207		13,774		25,803		3,207		39,577		42,784		24,739	1998	(a)	40 years
Elmwood Park Shopping Center Elmwood Park, NJ		—		3,248		12,992		16,314		3,798		28,756		32,554		20,402	1998	(a)	40 years
Merrillville Plaza Hobart, IN		—		4,288		17,152		6,058		4,288		23,210		27,498		13,910	1998	(a)	40 years
Marketplace of Absecon Absecon, NJ		—		2,573		10,294		5,072		2,577		15,362		17,939		9,096	1998	(a)	40 years
239 Greenwich Avenue Greenwich, CT		26,572		1,817		15,846		1,086		1,817		16,932		18,749		8,738	1998	(a)	40 years
Hobson West Plaza Naperville, IL		—		1,793		7,172		4,604		1,793		11,776		13,569		5,871	1998	(a)	40 years
Village Commons Shopping Center Smithtown, NY		—		3,229		12,917		5,228		3,229		18,145		21,374		10,479	1998	(a)	40 years
Town Line Plaza Rocky Hill, CT		—		878		3,510		7,736		907		11,217		12,124		9,348	1998	(a)	40 years
Branch Shopping Center Smithtown, NY		—		3,156		12,545		16,414		3,401		28,714		32,115		14,322	1998	(a)	40 years
Methuen Shopping Center Methuen, MA		—		956		3,826		1,695		961		5,516		6,477		2,866	1998	(a)	40 years
The Gateway Shopping Center South Burlington, VT		—		1,273		5,091		12,471		1,273		17,562		18,835		10,712	1999	(a)	40 years
Mad River Station Dayton, OH		—		2,350		9,404		2,251		2,350		11,655		14,005		6,310	1999	(a)	40 years
Brandywine Holdings Wilmington, DE		26,250		5,063		15,252		2,495		5,201		17,609		22,810		7,601	2003	(a)	40 years
Bartow Avenue Bronx, NY		—		1,691		5,803		1,196		1,691		6,999		8,690		3,458	2005	(c)	40 years
Amboy Road Staten Island, NY		—		—		11,909		3,175		—		15,084		15,084		8,094	2005	(a)	40 years
Chestnut Hill Philadelphia, PA		—		8,289		5,691		4,509		8,289		10,200		18,489		4,910	2006	(a)	40 years
2914 Third Avenue Bronx, NY		—		11,108		8,038		5,175		11,855		12,466		24,321		3,420	2006	(a)	40 years
West Shore Expressway Staten Island, NY		—		3,380		13,499		28		3,380		13,527		16,907		4,878	2007	(a)	40 years
West 54th Street Manhattan, NY		—		16,699		18,704		1,264		16,699		19,968		36,667		6,730	2007	(a)	40 years
5-7 East 17th Street Manhattan, NY		—		3,048		7,281		6,133		3,048		13,414		16,462		3,386	2008	(a)	40 years
651-671 W Diversey Chicago, IL		—		8,576		17,256		8		8,576		17,264		25,840		3,704	2011	(a)	40 years
15 Mercer Street Manhattan, NY		—		1,887		2,483		1		1,887		2,484		4,371		528	2011	(a)	40 years

			Initial Cost to Company						Amount at Which Carried at December 31, 2019
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Income is Compared
4401 White Plains Bronx, NY		—		1,581		5,054		—		1,581		5,054		6,635		1,053	2011	(a)	40 years
56 E. Walton Chicago, IL		—		994		6,126		2,558		994		8,684		9,678		177	2011	(a)	40 years
841 W. Armitage Chicago, IL		—		728		1,989		422		728		2,411		3,139		517	2011	(a)	40 years
2731 N. Clark Chicago, IL		—		557		1,839		32		557		1,871		2,428		402	2011	(a)	40 years
2140 N. Clybourn Chicago, IL		—		306		788		—		306		788		1,094		168	2011	(a)	40 years
853 W. Armitage Chicago, IL		—		557		1,946		439		557		2,385		2,942		557	2011	(a)	40 years
2299 N. Clybourn Avenue Chicago, IL		—		177		484		—		177		484		661		102	2011	(a)	40 years
843-45 W. Armitage Chicago, IL		—		731		2,730		228		731		2,958		3,689		590	2012	(a)	40 years
1525 W. Belmont Avenue Chicago, IL		—		1,480		3,338		710		1,480		4,048		5,528		735	2012	(a)	40 years
2206-08 N. Halsted Chicago, IL		—		1,183		3,540		351		1,183		3,891		5,074		961	2012	(a)	40 years
2633 N. Halsted Chicago, IL		—		960		4,096		359		998		4,417		5,415		837	2012	(a)	40 years
50-54 E. Walton Chicago, IL		—		2,848		12,694		570		2,848		13,264		16,112		2,613	2012	(a)	40 years
662 W. Diversey Chicago, IL		—		1,713		1,603		10		1,713		1,613		3,326		284	2012	(a)	40 years
837 W. Armitage Chicago, IL		—		780		1,758		237		780		1,995		2,775		393	2012	(a)	40 years
823 W. Armitage Chicago, IL		—		717		1,149		95		717		1,244		1,961		223	2012	(a)	40 years
851 W. Armitage Chicago, IL		—		545		209		139		545		348		893		107	2012	(a)	40 years
1240 W. Belmont Avenue Chicago, IL		—		2,137		1,589		583		2,137		2,172		4,309		456	2012	(a)	40 years
21 E. Chestnut Chicago, IL		—		1,318		8,468		34		1,318		8,502		9,820		1,503	2012	(a)	40 years
819 W. Armitage Chicago, IL		—		790		1,266		140		790		1,406		2,196		336	2012	(a)	40 years
1520 Milwaukee Avenue Chicago, IL		—		2,110		1,306		290		2,110		1,596		3,706		304	2012	(a)	40 years
330-340 River St Cambridge, MA		11,140		8,404		14,235		—		8,404		14,235		22,639		2,914	2012	(a)	40 years
Rhode Island Place Shopping Center Washington, D.C.		—		7,458		15,968		1,902		7,458		17,870		25,328		3,995	2012	(a)	40 years
930 Rush Street Chicago, IL		—		4,933		14,587		—		4,933		14,587		19,520		2,826	2012	(a)	40 years
28 Jericho Turnpike Westbury, NY		13,416		6,220		24,416		12		6,220		24,428		30,648		4,856	2012	(a)	40 years
181 Main Street Westport, CT		—		1,908		12,158		409		1,908		12,567		14,475		2,279	2012	(a)	40 years
83 Spring Street Manhattan, NY		—		1,754		9,200		—		1,754		9,200		10,954		1,725	2012	(a)	40 years
60 Orange Street Bloomfield, NJ		7,001		3,609		10,790		—		3,609		10,790		14,399		2,157	2012	(a)	40 years
179-53 & 1801-03 Connecticut Avenue Washington, D.C.		—		11,690		10,135		1,088		11,690		11,223		22,913		2,205	2012	(a)	40 years
639 West Diversey Chicago, IL		—		4,429		6,102		1,034		4,429		7,136		11,565		1,503	2012	(a)	40 years
664 North Michigan Chicago, IL		—		15,240		65,331		—		15,240		65,331		80,571		11,229	2013	(a)	40 years

			Initial Cost to Company							Amount at Which Carried at December 31, 2019
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Income is Compared
8-12 E. Walton Chicago, IL		—		5,398		15,601		978			5,398		16,579		21,977		2,910	2013	(a)	40 years
3200-3204 M Street Washington, DC		—		6,899		4,249		168			6,899		4,417		11,316		839	2013	(a)	40 years
868 Broadway Manhattan, NY		—		3,519		9,247		5			3,519		9,252		12,771		1,405	2013	(a)	40 years
313-315 Bowery Manhattan, NY		—		—		5,516		—			—		5,516		5,516		1,339	2013	(a)	40 years
120 West Broadway Manhattan, NY		—		—		32,819		1,124			—		33,943		33,943		3,403	2013	(a)	40 years
11 E. Walton Chicago, IL		—		16,744		28,346		195			16,744		28,541		45,285		4,373	2014	(a)	40 years
61 Main Street Westport, CT		—		4,578		2,645		789			4,578		3,434		8,012		436	2014	(a)	40 years
865 W. North Avenue Chicago, IL		—		1,893		11,594		41			1,893		11,635		13,528		1,688	2014	(a)	40 years
152-154 Spring St. Manhattan, NY		—		8,544		27,001		180			8,544		27,181		35,725		3,878	2014	(a)	40 years
2520 Flatbush Ave Brooklyn, NY		—		6,613		10,419		303			6,613		10,722		17,335		1,575	2014	(a)	40 years
252-256 Greenwich Avenue Greenwich, CT		—		10,175		12,641		544			10,175		13,185		23,360		2,008	2014	(a)	40 years
Bedford Green Bedford Hills, NY		—		12,425		32,730		4,370			13,763		35,762		49,525		5,263	2014	(a)	40 years
131-135 Prince Street Manhattan, NY		—		—		57,536		625			—		58,161		58,161		14,554	2014	(a)	40 years
Shops at Grand Ave Queens, NY		—		20,264		33,131		1,715			20,264		34,846		55,110		4,615	2014	(a)	40 years
201 Needham Street Newton, MA		—		4,550		4,459		105			4,550		4,564		9,114		652	2014	(a)	40 years
City Center San Francisco, CA		—		36,063		109,098		(24,600	)		26,386		94,175		120,561		13,356	2015	(a)	40 years
163 Highland Avenue Needham, MA		8,582		12,679		11,213		43			12,679		11,256		23,935		1,486	2015	(a)	40 years
Roosevelt Galleria Chicago, IL		—		4,838		14,574		61			4,838		14,635		19,473		1,590	2015	(a)	40 years
Route 202 Shopping Center Wilmington, DE		—		—		6,346		501			—		6,847		6,847		1,297	2015	(a)	40 years
991 Madison Avenue Manhattan, NY		—		—		76,965		1,691			—		78,656		78,656		6,160	2016	(a)	40 years
165 Newbury Street Boston, MA		—		1,918		3,980		—			1,918		3,980		5,898		365	2016	(a)	40 years
Concord & Milwaukee Chicago, IL		2,650		2,739		2,746		246			2,739		2,992		5,731		278	2016	(a)	40 years
State & Washington Chicago, IL		23,881		3,907		70,943		5,436			3,907		76,379		80,286		6,205	2016	(a)	40 years
151 N. State Street Chicago, IL		13,574		1,941		25,529		—			1,941		25,529		27,470		2,181	2016	(a)	40 years
North & Kingsbury Chicago, IL		12,164		18,731		16,292		192			18,731		16,484		35,215		1,420	2016	(a)	40 years
Sullivan Center Chicago, IL		50,000		13,443		137,327		536			13,443		137,863		151,306		11,837	2016	(a)	40 years
California & Armitage Chicago, IL		2,506		6,770		2,292		2			6,770		2,294		9,064		211	2016	(a)	40 years
555 9th Street San Francisco, CA		60,000		75,591		73,268		82			75,591		73,350		148,941		5,848	2016	(a)	40 years
Market Square Wilmington, DE		—		8,100		31,221		313			8,100		31,534		39,634		1,807	2017	(a)	40 years
613-623 W. Diversey Chicago, IL		—		10,061		2,773		11,101			10,061		13,874		23,935		3,408	2018	(c)	40 years

			Initial Cost to Company							Amount at Which Carried at December 31, 2019
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Income is Compared
51 Greene Street Manhattan, NY		—		4,488		8,992		—			4,488		8,992		13,480		187	2019	(a)	40 years
53 Greene Street Manhattan, NY		—		3,605		12,177		—			3,605		12,177		15,782		228	2019	(a)	40 years
41 Greene Street Manhattan, NY		—		6,276		9,582		—			6,276		9,582		15,858		140	2019	(a)	40 years
47 Greene Street Manhattan, NY		—		6,265		16,758		—			6,265		16,758		23,023		175	2019	(a)	40 years
849 W Armitage Chicago, IL		—		837		2,731		—			837		2,731		3,568		24	2019	(a)	40 years
912 W Armitage Chicago, IL		—		982		2,868		—			982		2,868		3,850		25	2019	(a)	40 years
Melrose Place Collection Los Angeles, CA		—		20,490		26,788		—			20,490		26,788		47,278		112	2019	(a)	40 years
45 Greene Street Manhattan, NY		—		2,903		8,487		—			2,903		8,487		11,390		39	2019	(a)	40 years
565 Broadway Manhattan, NY		—		—		22,491		—			—		22,491		22,491		—	2019	(a)	40 years
907 W Armitage Chicago, IL		—		700		2,081		—			700		2,081		2,781		5	2019	(a)	40 years
Undeveloped Land		—		100		—		—			100		—		100		—
Fund II:
City Point Brooklyn, NY		243,298		—		100,316		491,335			—		591,651		591,651		48,096	2007	(c)	40 years
Fund III:
654 Broadway Manhattan, NY		—		9,040		3,654		4,177			9,040		7,831		16,871		1,549	2011	(a)	40 years
640 Broadway Manhattan, NY		39,470		12,503		19,960		15,225			12,503		35,185		47,688		6,970	2012	(a)	40 years
Cortlandt Crossing Mohegan Lake, NY		28,818		11,000		—		59,277			10,473		59,804		70,277		2,005	2012	(c)	40 years
Fund IV:
210 Bowery Manhattan, NY		—		1,875		5,625		(3,950	)		1,875		1,675		3,550		57	2012	(c)	40 years
Paramus Plaza Paramus, NJ		18,900		11,052		7,037		12,901			11,052		19,938		30,990		4,304	2013	(a)	40 years
27 E. 61st Street Manhattan, NY		—		4,813		14,438		7,241			4,813		21,679		26,492		1,311	2014	(c)	40 years
17 E. 71st Street Manhattan, NY		18,833		7,391		20,176		306			7,391		20,482		27,873		2,987	2014	(a)	40 years
1035 Third Avenue Manhattan, NY		—		12,759		37,431		5,541			14,099		41,632		55,731		6,070	2015	(a)	40 years
801 Madison Avenue Manhattan, NY		—		4,178		28,470		5,844			4,178		34,314		38,492		2,085	2015	(c)	40 years
2208-2216 Fillmore Street San Francisco, CA		5,606		3,027		6,376		57			3,027		6,433		9,460		734	2015	(a)	40 years
2207 Fillmore Street San Francisco, CA		1,120		1,498		1,735		118			1,498		1,853		3,351		213	2015	(a)	40 years
1964 Union Street San Francisco, CA		1,463		563		1,688		1,867			563		3,555		4,118		230	2016	(c)	40 years
Restaurants at Fort Point Boston, MA		6,070		1,041		10,905		182			1,041		11,087		12,128		1,200	2016	(a)	40 years
Wakeforest Crossing Wake Forest, NC		23,337		7,570		24,829		472			7,570		25,301		32,871		2,846	2016	(a)	40 years
Airport Mall Bangor, ME		5,334		2,294		7,067		1,882			2,294		8,949		11,243		868	2016	(a)	40 years
Colonie Plaza Albany, NY		11,713		2,852		9,619		273			2,852		9,892		12,744		1,021	2016	(a)	40 years
Dauphin Plaza Harrisburg, PA		12,718		5,290		9,464		3,056			5,290		12,520		17,810		1,557	2016	(a)	40 years

			Initial Cost to Company							Amount at Which Carried at December 31, 2019
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Income is Compared
Mayfair Shopping Center Philadelphia, PA		11,895		6,178		9,266		1,132			6,178		10,398		16,576		1,061	2016	(a)	40 years
Shaw's Plaza Waterville, ME		7,636		828		11,814		272			828		12,086		12,914		1,162	2016	(a)	40 years
Wells Plaza Wells, ME		5,700		1,892		2,585		505			1,892		3,090		4,982		424	2016	(a)	40 years
717 N. Michigan Chicago, IL		16,148		20,674		10,093		—			20,674		10,093		30,767		843	2016	(c)	40 years
Shaw's Plaza North Windham, ME		5,702		1,876		6,696		1			1,876		6,697		8,573		509	2017	(a)	40 years
Lincoln Place Fairview Heights, IL		23,100		7,149		22,201		2,035			7,149		24,236		31,385		2,215	2017	(a)	40 years
18 E. Broughton St. Savannah, GA		2,032		609		1,513		—			609		1,513		2,122		51	2018	(a)	40 years
20 E. Broughton St. Savannah, GA		1,258		588		937		—			588		937		1,525		32	2018	(a)	40 years
25 E. Broughton St. Savannah, GA		3,302		1,324		2,459		319			1,324		2,778		4,102		109	2018	(a)	40 years
109 W. Broughton St. Savannah, GA		8,809		2,343		6,560		—			2,343		6,560		8,903		223	2018	(a)	40 years
204-206 W. Broughton St. Savannah, GA		590		547		439		45			547		484		1,031		15	2018	(a)	40 years
216-218 W. Broughton St. Savannah, GA		3,674		1,160		2,736		17			1,160		2,753		3,913		94	2018	(a)	40 years
220 W. Broughton St. Savannah, GA		2,416		619		1,799		—			619		1,799		2,418		61	2018	(a)	40 years
223 W. Broughton St. Savannah, GA		924		465		688		—			465		688		1,153		24	2018	(a)	40 years
226-228 W. Broughton St. Savannah, GA		2,551		660		1,900		—			660		1,900		2,560		64	2018	(a)	40 years
309/311 W. Broughton St. Savannah, GA		3,619		1,160		2,695		—			1,160		2,695		3,855		91	2018	(a)	40 years
110 University Manhattan, NY		—		—		1,370		—			—		1,370		1,370		25	2019	(a)	40 years
Fund V:
Plaza Santa Fe Santa Fe, NM		22,893		—		28,214		360			—		28,574		28,574		2,047	2017	(a)	40 years
Hickory Ridge Hickory, NC		30,000		7,852		29,998		1,350			7,852		31,348		39,200		2,120	2017	(a)	40 years
New Towne Plaza Canton, MI		16,900		5,040		17,391		59			5,040		17,450		22,490		1,210	2017	(a)	40 years
Fairlane Green Allen Park, MI		40,300		18,121		37,143		256			18,121		37,399		55,520		2,059	2017	(a)	40 years
Trussville Promenade Birmingham, AL		29,370		7,587		34,285		36			7,587		34,321		41,908		1,713	2018	(a)	40 years
Elk Grove Commons Elk Grove, CA		41,500		6,204		48,008		70			6,204		48,078		54,282		1,786	2018	(a)	40 years
Hiram Pavilion Hiram, GA		28,830		13,029		25,446		56			13,029		25,502		38,531		964	2018	(a)	40 years
Palm Coast Landing Palm Coast, FL		26,500		7,066		27,299		—			7,066		27,299		34,365		554	2019	(a)	40 years
Lincoln Commons Lincoln, RI		38,820		14,429		34,417		170			14,429		34,587		49,016		517	2019	(a)	40 years
Landstown Commons Virginia Beach, VA		60,900		10,221		69,005		166			10,221		69,171		79,392		766	2019	(a)	40 years
Real Estate Under Development		69,718		82,969		53,847		116,586			94,923		158,479		253,402		—
Right-of-use assets - operating lease		—		56,961		5,058		(2,013	)		55,764		4,242		60,006		—

				Initial Cost to Company						Amount at Which Carried at December 31, 2019
Description and Location	Encumbrances			Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)	Life on which Depreciation in Latest Statement of Income is Compared
Unamortized Loan Costs		(10,078	)		—		—		—		—		—		—		—
Unamortized Premium		651			—		—		—		—		—		—		—
Total	$	1,170,076		$	901,997	$	2,286,624	$	910,921	$	906,984	$	3,192,558	$	4,099,542	$	490,227

Notes:

1. Depreciation on buildings and improvements reflected in the consolidated statements of income is calculated over the estimated useful life of the assets as follows: Buildings at 40 years and improvements at the shorter of lease term or useful life.

2. The aggregate gross cost of property included above for Federal income tax purposes was approximately $4.0 billion as of December 31, 2019.

The following table reconciles the activity for real estate properties from January 1, 2017 to December 31, 2019 (in thousands):

	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	3,697,805		$	3,466,482		$	3,382,000
Improvements and other		97,000			99,594			55,763
Property acquisitions		303,884			134,559			179,292
Property dispositions or held for sale assets		(84,243	)		(34,666	)		(189,895	)
Right-of-use assets - operating leases obtained		62,020			—			—
Right-of-use assets - finance leases obtained and reclassified		102,055			—			—
Capital lease reclassified as Right-of-use assets - finance lease		(76,965	)		—			—
Right-of-use assets - operating lease amortization		(2,014	)		—			—
Consolidation of previously unconsolidated investments		—			31,836			39,322
Balance at end of year	$	4,099,542		$	3,697,805		$	3,466,482

The following table reconciles accumulated depreciation from January 1, 2017 to December 31, 2019 (in thousands):

	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	416,657		$	339,862		$	287,066
Depreciation related to real estate		85,317			78,453			73,268
Property dispositions		(11,747	)		(1,658	)		(20,472	)
Balance at end of year	$	490,227		$	416,657		$	339,862