Profile: Acadia Realty Trust (AKR)
24 Mar 2017
Acadia Realty Trust, incorporated on March 4, 1993, is a real estate investment trust. The Company is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States. The Company's segments include Core Portfolio, Funds and Structured Financing. The Company conducts its operations through Acadia Realty Limited Partnership. The Company's Core Portfolio consists primarily of street retail and urban assets, as well as suburban properties located in various trade areas. The Company also makes investments in first mortgages, preferred equity and other notes receivable collateralized by real estate.
The Company's Fund platform is an investment vehicle where Acadia Realty Limited Partnership invests, along with outside institutional investors, including endowments, foundations, pension funds and investment management companies, in primarily retail real estate. The Company's Core Portfolio includes approximately 90 operating properties, totaling over 5.6 million square feet of gross leasable area (GLA). The Company's properties, which primarily consist of street retail and dense suburban shopping centers, are located in approximately 10 states of the United States and the District of Columbia. The Company also owns and operates approximately 30 properties, totaling approximately 2.3 million square feet of GLA in its Funds. The Fund properties are located in approximately nine states of the United States and the District of Columbia. Its Core Portfolio properties include Rush and Walton Streets in Chicago; Halsted and Armitage in Chicago; Roosevelt Galleria in Chicago; 83 Spring Street in Manhattan; 15 Mercer Street in Manhattan; 61 Main Street in Westport; 4401 White Plains Road in Bronx; 868 Broadway in Manhattan; 120 West Broadway in Manhattan; Shops at Grand in Queens; 2520 Flatbush Avenue in Brooklyn; City Center in San Francisco; Elmwood Park Shopping Center in Elmwood Park; 60 Orange Street in Bloomfield; Village Commons Shopping Center in Smithtown; Branch Shopping Center in Smithtown; Pacesetter Park Shopping Center in Ramapo; Crossroads Shopping Center in White Plains; New Loudon Center in Latham, and 28 Jericho Turnpike in Westbury.
Acadia Realty Trust
411 Theodore Fremd Ave Ste 300
RYE NY 10580-1412