-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LhV+Nbq1sGyDhDp0FvEe4370gipwDE911DZ6rxleGQuC18GqPJnMdsKSmA0xDcBZ
 jqcx6BvaadDpVqSvTHpCKg==

<SEC-DOCUMENT>0000914208-09-001411.txt : 20091110
<SEC-HEADER>0000914208-09-001411.hdr.sgml : 20091110
<ACCEPTANCE-DATETIME>20091110103845
ACCESSION NUMBER:		0000914208-09-001411
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20091110
DATE AS OF CHANGE:		20091110

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACADIA REALTY TRUST
		CENTRAL INDEX KEY:			0000899629
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				232715194
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-44442
		FILM NUMBER:		091170701

	BUSINESS ADDRESS:	
		STREET 1:		1311 MAMARONECK AVENUE
		STREET 2:		SUITE 260
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10605
		BUSINESS PHONE:		914-288-8100

	MAIL ADDRESS:	
		STREET 1:		1311 MAMARONECK AVENUE
		STREET 2:		SUITE 260
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10605

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARK CENTERS TRUST
		DATE OF NAME CHANGE:	19930329

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Ltd.
		CENTRAL INDEX KEY:			0000914208
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				980557567
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET NE
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-892-0896

	MAIL ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET NE
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Invesco Ltd
		DATE OF NAME CHANGE:	20080508

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Invesco PLC
		DATE OF NAME CHANGE:	20080429

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Invesco Ltd.
		DATE OF NAME CHANGE:	20071205
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>acadia.htm
<DESCRIPTION>ACADIA REALTY TRUST
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>.SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p style=' margin-bottom:24pt; margin-top:0pt;text-align:center;'><b><font size=2>Washington, D.C.  20549</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SCHEDULE 13G/A</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>(Rule 13d-102)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(b) </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>AND AMENDMENTS FILED THERETO FILED PURSUANT TO RULE 13D-2(b)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Under the Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:24pt; margin-top:0pt;text-align:center;'><b><font size=2>(Amendment No. </font></b><u><b><font size=2>1</font></b></u><b><font size=2>)*</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><b><font size=2>Acadia Realty Trust</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2> (Name of Issuer)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>REIT</font></B></U></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>(Title of Classes of Securities)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><b><font size=2>004239109</font></b></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>(CUSIP Numbers</font></b><font size=2>)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><b><font size=2>October 31, 2009</font></b></u></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font size=2>(Date of Event Which Requires Filing of this Statement)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="239" style='border-collapse:collapse; '>
    <tr >
        <td width="96" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=3>:x</font></p> </td>
        <td width="95" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Rule 13d-1(b)</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="237" style='border-collapse:collapse'>
    <tr >
        <td width="96" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=3>:</font></p> </td>
        <td width="93" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Rule 13d-1(c)</font></p> </td> </tr></table>
</div>



<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="239" style='border-collapse:collapse; '>
    <tr >
        <td width="144" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="95" nowrap valign=top style='padding:0in 0in 12.0pt 0in; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Rule 13d-1(d)</font></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>*The remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>The information required in the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always">

<HR noshade align="center" width="100%" size="2">
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>CUSIP No.: </font><u><font size=2>004239109</font></u></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="794" style='margin-left:.25in;border-collapse:collapse;  '>
    <tr >
        <td  colspan="2" valign=top style='border:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>1</font></b></p> </td>
        <td  colspan="3" valign=top style='border:solid black 1.0pt; border-left:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>NAME OF REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:109.0pt;text-indent:.7pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font size=2>Invesco Ltd.</font></p>
<p style='margin-left:109.0pt;text-indent:.7pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font SIZE=2>IRS #   980557567</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>2</font></b></p> </td>
        <td  colspan="3" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</font></p>
<p style='margin-left:433.0pt;text-indent:-397.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(a) </font></p>
<p style='margin-left:0pt;text-indent:.5in;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>(b) </font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>3</font></b></p> </td>
        <td  colspan="3" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SEC USE ONLY</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>4</font></b></p> </td>
        <td  colspan="3" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CITIZENSHIP OR PLACE OF ORGANIZATION</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>Invesco Ltd. - Bermuda</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="3" rowspan=4 valign=top style=' border:solid black 1.0pt;border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>NUMBER OF</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SHARES</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>BENEFICIALLY</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>OWNED BY</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font
SIZE=2>EACH</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>REPORTING</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>WITH</font></p> </td>
        <td width="70" valign=top style='border-top:none;border-left:none; border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>5</font></b></p> </td>
        <td width="552" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SOLE VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>Invesco Institutional (N.A.), Inc. &#150; 3,038,370</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>Invesco Powershares Capital Management &#150; 4,630</font></p>
<p style='margin-left:37.0pt;text-indent:-37.0pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font size=2>Invesco Management S.A. &#150; 2,265</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="70" valign=top style='border-top:none;border-left:none; border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>6</font></b></p> </td>
        <td width="552" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SHARED VOTING POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:37.0pt;text-indent:-37.0pt;text-align:justify;margin-top:0in;margin-bottom:2.7pt'><font size=2>Invesco Institutional (N.A.), Inc. &#150; 58,479</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="70" valign=top style='border-top:none;border-left:none; border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>7</font></b></p> </td>
        <td width="552" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SOLE DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Invesco Institutional (N.A.), Inc. &#150; 4,325,568</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>Invesco Global Asset Management (N.A.), Inc. &#150; 99,342</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>Invesco Powershares Capital Management &#150; 4,630</font></p>
<p
style='margin-left:37.0pt;text-indent:-37.0pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font size=2>Invesco Management S.A. &#150; 2,265</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="70" valign=top style='border-top:none;border-left:none; border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>8</font></b></p> </td>
        <td width="552" valign=top style='border-top:none;border-left: none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>SHARED DISPOSITIVE POWER</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:37.0pt;text-indent:-37.0pt;text-align:justify;margin-top:0in;margin-bottom:2.7pt'><font size=2>Invesco Institutional (N.A.), Inc. &#150; 26,025</font></p> </td> </tr>
    <tr >
        <td width="63" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>9</font></b></p> </td>
        <td  colspan="4" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font size=2>4,457,830</font></p> </td> </tr>
    <tr >
        <td width="63" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>10</font></b></p> </td>
        <td  colspan="4" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.7pt'><font SIZE=2>N/A</font></p> </td> </tr>
    <tr >
        <td width="63" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>11</font></b></p> </td>
        <td  colspan="4" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</font></p>
<p style='margin-left:108.95pt;text-indent:-108.95pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:108.95pt;text-indent:-108.95pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font size=2>11.1%</font></p> </td> </tr>
    <tr >
        <td width="63" valign=top style='border:solid black 1.0pt; border-top:none; padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:2.7pt'><b><font size=3>12</font></b></p> </td>
        <td  colspan="4" valign=top style='border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;  padding:0in 6.0pt 0in 6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font SIZE=2>TYPE OF REPORTING PERSON*</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
<p style='margin-left:108.95pt;text-indent:-108.95pt;text-align:left;margin-top:0in;margin-bottom:2.7pt'><font size=2>See Item 3 of this statement</font></p> </td> </tr>
    <tr>
        <td width="63" ></td>

        <td width="3" ></td>

        <td width="105" ></td>

        <td width="70" ></td>

        <td width="552" ></td> </tr> </table>
            </div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always">

<HR noshade align="center" width="100%" size="2">
</DIV>


<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><b><font size=2>Item 1(a). Name of Issuer:</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><font size=2>Acadia Realty Trust</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><b><font size=2>(b). Address of Issuer&#146;s Principal Executive Offices:</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><font size=2>1311 Mamaronek Avenue; Suite 260; White Plains, NY 10605; United States</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><b><font size=2>Item 2(a). Name of Person Filing:</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>Invesco Ltd.</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><b><font size=2>(b). Address of Principal Business Office or, if none, residence of filing person:</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>1555 Peachtree Street NE; Atlanta, GA 30309; United States</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><b><font size=2>(c). Citizenship of filing person:</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><font size=2>Bermuda</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:-0.5in;text-align:left;'><b><font size=2>(d). Title of Classes of Securities:</font></b></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:-0.5in;text-align:left;'><font size=2>REIT .001  par value per share</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:0.5in; text-indent:-0.5in;text-align:left;'><b><font size=2>(e). CUSIP Numbers: </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>004239109</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:1in; text-indent:-1in;text-align:left;'><b><font size=2>Item 3.</font></b><font size=2> If this statement is filed pursuant to ss240.13d-1(b) or</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>240.13d-2(b) or (c), check whether the person filing is a:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(e) </font><font face=Wingdings>x</font><font size=2> An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>(g) </font><font face=Wingdings>x</font><font size=2> A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 4.</font></b><font size=2> Ownership:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Please see responses to Items 5-8 on the cover of this statement, which are incorporated herein by reference.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 5.</font></b><font size=2>  Ownership of Five Percent or Less of a Class:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  <font face=Wingdings>o</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 6</font></b><font size=2>. Ownership of More than Five Percent on Behalf of Another Person:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2>N/A</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<div TITLE="EE+ Page Break" STYLE="PAGE-BREAK-AFTER: always">

<HR noshade align="center" width="100%" size="2">
</DIV>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.2in; text-indent:-1.2in;text-align:left;'><b><font size=2>Item 7.</font></b><font size=2>  Identification and Classification of the Subsidiary Which Acquired the Security Being </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.2in; text-indent:-1.2in;text-align:left;'><font size=2>reported on By the Parent Holding Company:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.2in; text-indent:-1.2in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:2.7pt; margin-top:0pt;text-align:left;'><font size=2>The following subsidiaries of Invesco Ltd. are&nbsp;investment advisers which hold shares of the security being reported:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Invesco Institutional (N.A.), Inc. </font></p>

<p style=' margin-bottom:2.7pt; margin-top:0pt;text-align:left;'><font size=2>Invesco Global Asset Management (N.A.), Inc.</font></p>

<p style=' margin-bottom:2.7pt; margin-top:0pt;text-align:left;'><font size=2>Invesco Powershares Capital Management</font></p>

<p style=' margin-bottom:2.7pt; margin-top:0pt;text-align:left;'><font size=2>Invesco Management S.A</font><font size=2>. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.2in; text-indent:-1.2in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 8.</font></b><font size=2>  Identification and Classification of Members of the Group:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2>N/A</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 9.</font></b><font size=2> Notice of Dissolution of a Group:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font SIZE=2>N/A</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 10.</font></b><font size=2>  Certification:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>connection with or as a participant in any transaction having that purpose or effect.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Signature:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>statement is true, complete and correct.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>11/05/09</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Date</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Invesco Ltd.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="137" style='border-collapse:collapse; '>
    <tr >
        <td width="28" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:  </font></p> </td>
        <td width="109" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Lisa Brinkley  </font></u></p> </td> </tr></table>
</div>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Lisa Brinkley</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Global Assurance Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
