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<SEC-DOCUMENT>0001157523-11-000982.txt : 20110217
<SEC-HEADER>0001157523-11-000982.hdr.sgml : 20110217
<ACCEPTANCE-DATETIME>20110217172010
ACCESSION NUMBER:		0001157523-11-000982
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110217
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110217
DATE AS OF CHANGE:		20110217

FILER:

	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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12002
		FILM NUMBER:		11621751

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6616609.htm
<DESCRIPTION>ACADIA REALTY TRUST 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2011 Business Wire, a Berkshire Hathaway company.-->
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  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><br><br><font style="font-family: Times New Roman; font-size: 18pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><br><font style="font-family: Times New Roman; font-size: 13pt">WASHINGTON,
      D.C. 20549</font><br><br><font style="font-family: Times New Roman; font-size: 18pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>
      </b></font><b><font style="font-family: Times New Roman; font-size: 10pt">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of Report (Date of Earliest Event Reported): February 17, 2011</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><font style="font-family: Times New Roman; font-size: 18pt"><b>ACADIA
      REALTY TRUST</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Maryland
          </p>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1-12002
          </p>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            23-2715194
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other<br>jurisdiction of incorporation)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission<br>File Number)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1311 Mamaroneck Avenue
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Suite 260
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            White Plains, New York 10605
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices) (Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      (914) 288-8100<br>(<font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code)</font><br><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      name or former address, if changed since last report)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item 7.01. Regulation FD Disclosure.</b>
    </p>
    <p style="text-align: justify">
      On February 17, 2011, a joint venture between Acadia Strategic
      Opportunity Fund III LLC (&#8220;Fund III&#8221;), a discretionary investment fund
      managed by Acadia Realty Trust (&#8220;Acadia&#8221;), and Terranova Corporation,
      acquired a three property portfolio (the &#8220;Portfolio&#8221;) for an aggregate
      purchase price of $51.9 million with $20.6 million of in-place mortgage
      financing assumed at closing. Fund III represents 95% of the joint
      venture equity. The Portfolio consists of three street-retail properties
      aggregating 61,000 square feet located at 600 Lincoln Road, 741 Lincoln
      Road and 723 North Lincoln Lane in South Miami Beach, Florida. A copy of
      the press release issued announcing this acquisition is attached hereto
      as Exhibit 99.1
    </p>
    <p>
      The information furnished pursuant to this Item 7.01 Regulation FD
      Disclosure, including Exhibit 99.1, shall not be deemed to be &#8220;filed&#8221;
      for the purposes of Section 18 of the Exchange Act, or otherwise subject
      to the liabilities under that section and shall not be deemed to be
      incorporated by reference into any of Acadia Realty Trust&#8217;s filings
      under the Act or the Exchange Act, regardless of any general
      incorporation language in such filing.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01. Financial Statements and Exhibits.</b>
    </p>
    <p>
      (d) Exhibits<br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 15%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px; width: 15%" valign="top">
          99.1
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press release titled, &#8220;Acadia/Terranova Buy 3 Buildings In $52
            Million Lincoln Road Deal&#8221;<br>dated February 17, 2011.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>
      <br>
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 10%">
          &#160;
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>ACADIA REALTY TRUST</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 25.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;&#160;(Registrant)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="top">

        </td>
        <td style="width: 56%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          Date:
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 20%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            February 17, 2011
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By: /s/ Michael Nelsen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="width: 3%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 56%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Michael Nelsen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 6%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Title:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 56%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Sr. Vice President and<br>Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>EXHIBIT
      INDEX</b></font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 15%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="bottom">
          <u>Description</u>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px; width: 15%" valign="top">
          99.1
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press release titled, &#8220;Acadia/Terranova Buy 3 Buildings In $52
            Million Lincoln Road Deal&#8221;<br>dated February 17, 2011.
          </p>
        </td>
      </tr>
    </table>
    </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6616609-ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Acadia/
      Terranova Buy 3 Buildings in $52 Million Lincoln Road Deal</b></font>
    </p>
    <p>
      WHITE PLAINS, N.Y.--(BUSINESS WIRE)--February 17, 2011--Joint venture
      affiliates of Acadia Realty Trust (NYSE: AKR) and Terranova Corporation
      have closed on a landmark three building deal for the acquisition of 741
      Lincoln Road, 600 Lincoln Road, and 723 North Lincoln Lane in Miami
      Beach, Florida for a total purchase price of approximately $52 million.
    </p>
    <p>
      Current tenants at the properties include Starbucks, Geox Shoes, and
      Zagat-rated restaurants Sushi Samba Dromo and Tacontento. Terranova will
      manage and lease the 61,000 square foot portfolio.
    </p>
    <p>
      Lincoln Road, an 8-block open-air pedestrian mall between Alton Road and
      Washington Avenue, is an exciting destination for south Florida
      residents and tourists alike, featuring high-end restaurants, boutiques,
      and bars where shoppers and diners can expect to enjoy the most modern
      shopping and entertainment paired with a lively nightlife scene. The
      street generates some of the highest per square foot sales in Florida as
      one of the only 24-hour retail destinations.
    </p>
    <p>
      Lincoln Road is undergoing a mini-boom motivated in part by the opening
      of the New World Symphony campus designed by renowned architect Frank
      Gehry. Top retailers recently coming to Lincoln Road include Forever 21,
      Danny Meyer&#8217;s Shake Shack, and Rosa Mexicana. Another major anchor is
      working a big deal as well.
    </p>
    <p>
      While other Miami-Dade retail destinations noted declines in rental
      rates and occupancy, Lincoln Road rents have continued to grow as
      retailer competition for this unique location has been intense.
    </p>
    <p>
      &#8220;The three property Lincoln Road acquisition greatly enhances our
      fashion forward street front retail product. Terranova now has a 61,000
      square foot presence on Lincoln Road, once known as the 5<sup>th</sup>
      avenue of the south, and we will expand that moniker to Lincoln Lane as
      local and national tenants clamor for retail space as buyers make their
      return to Miami Beach,&#8221; said Terranova Chairman Stephen Bittel. &#8220;We are
      thrilled to have Acadia join us in the venture, providing capital, along
      with deep experience and acute knowledge of urban retailing. The Acadia
      team brings much to the venture in their first south Florida investment.&#8221;
    </p>
    <p>
      &#8220;We are excited to expand our street retail platform to this unique
      Florida location,&#8221; stated Kenneth F. Bernstein, President and CEO of
      Acadia Realty Trust. &#8220;This portfolio is consistent with and
      complementary to our other successful street retail properties in
      Greenwich and Westport, Connecticut and Lincoln Park, Chicago. We have
      worked with the Terranova team for many years. Their talent and local
      expertise make them the ideal partner for this venture.&#8221;
    </p>
    <p>
      <b>Acadia Realty Trust, a fully-integrated equity real estate investment
      trust, is focused on the ownership, management and redevelopment of
      high-quality retail properties and urban/infill mixed-use properties
      with a strong retail component located primarily in
      high-barrier-to-entry, densely-populated metropolitan areas along the
      East Coast and in the Midwestern United States. As of December 31, 2010,
      Acadia owned, or had an ownership interest in, 79 properties through its
      core portfolio and three opportunistic/value-add investment funds.
      Additional information may be found on the Company&#8217;s website at <u>www.acadiarealty.com</u>.</b>
    </p>
    <p>
      <b>Terranova Corporation, South Florida&#8217;s leading commercial real estate
      advisory firm, currently is involved with commercial real estate assets
      for its clients and its own portfolio valued at nearly $1 billion. The
      company offers complete commercial real estate services, including asset
      and property management, leasing, tenant representation, acquisitions
      dispositions, financing, construction management and development
      services.</b>
    </p>
    <p>
      CONTACT:<br>Acadia Realty Trust<br>Jon Grisham, 914-288-8100<br><u>jgrisham@acadiarealty.com</u><br>or<br>Terranova
      Corporation<br>Kelliann McDonald, 305-779-8904<br><u>kmcdonald@terranovacorp.com</u>
    </p>
    <p>

    </p>
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