<SEC-DOCUMENT>0001157523-11-003472.txt : 20110601
<SEC-HEADER>0001157523-11-003472.hdr.sgml : 20110601
<ACCEPTANCE-DATETIME>20110601100304
ACCESSION NUMBER:		0001157523-11-003472
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110531
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110601
DATE AS OF CHANGE:		20110601

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:		11883834

	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>a6743562.htm
<DESCRIPTION>ACADIA REALTY TRUST 8-K
<TEXT>
<html>
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    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><br><font style="font-size: 13pt; font-family: Times New Roman">WASHINGTON,
      D.C. 20549</font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>
      </b></font><b><font style="font-size: 10pt; font-family: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of Earliest Event Reported): May 31, 2011</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><font style="font-size: 18pt; font-family: Times New Roman"><b>ACADIA
      REALTY TRUST</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Maryland
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 34%; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1-12002
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            23-2715194
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other<br>jurisdiction of incorporation)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center; width: 34%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission<br>File Number)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1311 Mamaroneck Avenue
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Suite 260
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            White Plains, New York 10605
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 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><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-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Item 7.01. Regulation FD Disclosure.</b><br>
    </p>
    <p style="text-align: justify">
      On May 31, 2011, Acadia Realty Trust issued a press release announcing
      that is has disposed of a $37.0 million non-strategic enclosed mall
      within its core portfolio and reinvested a portion of its sale proceeds
      in the acquisition of a $28.4 million urban/street-retail asset. A copy
      of the press release issued is attached hereto as Exhibit 99.1.
    </p>
    <p style="text-align: justify">
      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.&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b><br>
    </p>
    <p>
      (d) Exhibits<br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 14%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 86%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 14%; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 86%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press release titled, &#8220;Acadia Realty Trust Provides Update on Core
            Portfolio Acquisition/Asset Recycling Activities&#8221;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 14%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 86%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            dated May 31, 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:center">
    <table cellspacing="0" style="font-size: 10pt; width: 90%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 35%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>ACADIA REALTY TRUST</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 35%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 35%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          Date:
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 35%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            June 1, 2011
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          By:
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Michael Nelsen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 35%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Michael Nelsen
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 35%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Sr. Vice President and
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 35%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 14%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 86%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 14%; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 86%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press release titled, &#8220;Acadia Realty Trust Provides Update on Core
            Portfolio Acquisition/Asset Recycling Activities&#8221;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 14%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 86%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            dated May 31, 2011.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6743562ex991.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-size: 12pt; font-family: Times New Roman"><b>Acadia
      Realty Trust Provides Update on Core Portfolio Acquisition/Asset
      Recycling Activities</b></font>
    </p>
    <p>
      WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 31, 2011--Acadia Realty Trust
      (NYSE: AKR) today announced that it has disposed of a $37.0 million
      non-strategic enclosed mall within its core portfolio and reinvested a
      portion of its sale proceeds in the acquisition of a $28.4 million
      urban/street-retail asset.
    </p>
    <p>
      <u><b>Disposition</b></u>
    </p>
    <p>
      During May 2011, the Company sold the Ledgewood Mall, a 517,000 square
      foot, unencumbered enclosed mall located in Ledgewood, New Jersey, for
      $37.0 million. At disposition, this wholly-owned property &#8211; the
      Company&#8217;s last remaining enclosed asset from the Mark Centers Trust
      transaction &#8211; was 79% leased and held for redevelopment within the core
      portfolio.
    </p>
    <p>
      <u><b>Acquisitions</b></u>
    </p>
    <p>
      As part of its core portfolio &#8220;asset recycling&#8221; strategy, the Company
      subsequently acquired a 44,000 square foot urban/street-retail asset for
      $28.4 million. The newly-redeveloped property is located at 651-671 West
      Diversey Parkway in Chicago&#8217;s affluent and densely-populated Lincoln
      Park/Lakeview neighborhood and is 100% leased to tenants including
      Trader Joe&#8217;s, Urban Outfitters and Express. This acquisition expands the
      Company&#8217;s presence in the city&#8217;s highly-trafficked
      Clark-Diversey-Broadway retail corridor. Noted for its high population
      density, the surrounding area has four times as many people per square
      mile as the Chicago average.
    </p>
    <p>
      West Diversey is the Company&#8217;s second acquisition this year in Chicago&#8217;s
      Central/North Side market. In April, the Company, through its Fund III,
      acquired The Heritage Shops at Millennium Park, a 105,000 square foot,
      LA Fitness and Ann Taylor Loft-anchored property located in Chicago&#8217;s
      East Loop.
    </p>
    <p>
      Additionally, the Company has entered into a contract to acquire a
      second replacement property for the Ledgewood Mall, which would
      fully-complete the tax-deferred exchange initiated by its sale. While
      the purchase and sale transactions should be earnings neutral in 2012
      and accretive thereafter, due to the timing of the transactions, there
      will be minor earnings dilution during 2011.
    </p>
    <p>
      &#8220;During the second quarter, we executed on an opportunity to dispose of
      a non-strategic enclosed mall and redeploy those sale proceeds into a
      higher-quality urban/street-retail asset, which will further enhance the
      stability, value and long-term growth potential of our core portfolio,&#8221;
      stated Kenneth F. Bernstein, President and Chief Executive Officer of
      Acadia Realty Trust. &#8220;We are excited to increase our presence in Lincoln
      Park with the acquisition of this Trader Joe&#8217;s-anchored asset, which
      complements our existing portfolio of urban/street-retail properties
      located in other densely-populated/high-barrier-to-entry markets ranging
      from Fordham Road in the Bronx and Fulton Street in Brooklyn to Lincoln
      Road in Miami Beach and Greenwich Avenue in Greenwich, Connecticut.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      <u><b>About Acadia Realty Trust</b></u>
    </p>
    <p>
      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. Acadia owns, or has an
      ownership interest in, 83 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>.
    </p>
    <p>
      <u><b>Safe Harbor Statement</b></u>
    </p>
    <p>
      Certain matters in this press release may constitute forward-looking
      statements within the meaning of federal securities law and as such may
      involve known and unknown risk, uncertainties and other factors that may
      cause the actual results, performances or achievements of Acadia to be
      materially different from any future results, performances or
      achievements expressed or implied by such forward-looking statements.
      These forward-looking statements include statements regarding Acadia&#8217;s
      future financial results and its ability to capitalize on potential
      opportunities arising from continued economic uncertainty. Factors that
      could cause the Company&#8217;s forward-looking statements to differ from its
      future results include, but are not limited to, those discussed under
      the headings &#8220;Risk Factors&#8221; and &#8220;Management&#8217;s Discussion and Analysis of
      Financial Condition and Results of Operations&#8221; in the Company&#8217;s most
      recent annual report on Form 10-K filed with the SEC on February 28,
      2011 (&#8220;Form 10-K&#8221;) and other periodic reports filed with the SEC,
      including risks related to: (i) the current global financial environment
      and its effect on retail tenants; (ii) the Company&#8217;s reliance on
      revenues derived from major tenants; (iii) the Company&#8217;s limited control
      over joint venture investments; (iv) the Company&#8217;s partnership
      structure; (v) real estate and the geographic concentration of our
      properties; (vi) market interest rates; (vii) leverage; (viii) liability
      for environmental matters; (ix) the Company&#8217;s growth strategy; (x) the
      Company&#8217;s status as a REIT; (xi) uninsured losses and (xii) the loss of
      key executives. Copies of the Form 10-K and the other periodic reports
      Acadia files with the SEC are available on the Company&#8217;s website at <u>www.acadiarealty.com</u>.
      Any forward-looking statements in this press release speak only as of
      the date hereof. Acadia expressly disclaims any obligation or
      undertaking to release publicly any updates or revisions to any
      forward-looking statements contained herein to reflect any change in
      Acadia&#8217;s expectations with regard thereto or change in events,
      conditions or circumstances on which any such statement is based.
    </p>
    <p>
      CONTACT:<br>Acadia Realty Trust<br>Jon Grisham, 914-288-8100
    </p>
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