Profile: Acadia Realty Trust (AKR)
22 Jun 2017
Acadia Realty Trust, incorporated on March 4, 1993, is a real estate investment trust. The Company is focused on the ownership, acquisition, development and management of retail properties located in the United States. It operates through three segments: Core Portfolio, Funds and Structured Financing. Core Portfolio and Fund properties primarily consist of street and urban retail, and dense suburban shopping centers. Funds holds primarily retail real estate in which the Company co-invests with institutional investors. Structured Financing consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds.
As of December 31, 2016, the Company had ownership interests in 182 properties within its core portfolio. In the Core Portfolio segment, the Company owned an interest in a 311,000 square foot shopping center located in White Plains, New York; an interest in a 28,000 square foot retail, and an interest in an 87,000 square foot retail property located in Chicago, Illinois, among others, as of December 31, 2016. The Company owned a 22.22% interest in an approximately one million square foot retail portfolio, as of December 31, 2016.
Acadia Realty Trust
411 Theodore Fremd Ave Ste 300
RYE NY 10580-1412