Exhibit 1

Sales of Acadia Realty Trust (AKR) by Yale University on 2/28/2007:

Number of Common Shares of						Amount of Securities Owned
Beneficial Interest Sold				Price Per Share		Following Reported Transaction
		11,700		26.90		2,030,438
		15,400		26.91		2,015,038
		1,800		26.92		2,013,238
		7,800		26.93		2,005,438
		3,600		26.94		2,001,838
		4,600		26.95		1,997,238
		1,200		26.96		1,996,038
		500		26.97		1,995,538
		600		26.98		1,994,938
		900		26.99		1,994,038
		32,600		27.00		1,961,438
		5,500		27.01		1,955,938
		5,000		27.02		1,950,938
		6,900		27.03		1,944,038
		5,500		27.04		1,938,538
		1,000		27.05		1,937,538
		600		27.06		1,936,938
		1,200		27.07		1,935,738
		100		27.08		1,935,638
		300		27.09		1,935,338
		1,100		27.10		1,934,238
		800		27.12		1,933,438
		100		27.17		1,933,338
		400		27.18		1,932,938
Total:		109,200 shares sold