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ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2012
Acquisition and Disposition of Properties and Discontinued Operations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | During 2012, the Company acquired the following properties through its Core Portfolio and Opportunity Funds as follows: Core Portfolio
(dollars in thousands) |  |  |  |  |  |  |
Property | GLA | Percent Owned | Type | Month of Acquisition | Purchase Price | Debt Assumption | Location
1520 N Milwaukee Ave | 3,100 |  | 100 | % | Street Retail | January | $ | 3,800 |  | $ | — |  | Chicago, IL
330-340 River St | 53,300 |  | 100 | % | Shopping Center | February | 18,900 |  | 7,022 |  | Cambridge, MA
Chicago Street Retail | 42,264 |  | 100 | % | Street Retail | March | 18,800 |  | 16,029 |  | Chicago, IL
930 N Rush St | 2,900 |  | 100 | % | Street Retail | April | 20,700 |  | — |  | Chicago, IL
28 Jericho Turnpike | 96,000 |  | 100 | % | Single Tenant | May | 27,300 |  | — |  | Westbury, NY
Rhode Island Shopping Center | 57,000 |  | 100 | % | Shopping Center | June | 21,700 |  | 16,510 |  | Washington, D. C.
83 Spring St | 4,800 |  | 100 | % | Street Retail | July | 11,500 |  | — |  | New York, NY
60 Orange Street | 129,010 |  | 98 | % | Single Tenant | October | 12,500 |  | — |  | Bloomfield, NJ
Chicago Street Retail | 42,524 |  | 100 | % | Street Retail | November | 41,100 |  | — |  | Chicago, IL
181 Main Street | 14,850 |  | 100 | % | Street Retail | December | 14,100 |  | — |  | Westport, CT
Connecticut Ave | 42,000 |  | 100 | % | Street Retail | December | 23,200 |  | — |  | Washington, D.C.
639 W Diversey | 22,095 |  | 100 | % | Street Retail | December | 10,700 |  | 4,431 |  | Chicago, IL
Total | 509,843 |  |  |  |  | $ | 224,300 |  | $ | 43,992 |  |
Fund IV
(dollars in thousands) |  |  |  |  |
Property | GLA | Percent Owned | Type | Month of Acquisition | Purchase Price | Debt Assumption | Location
1701 Belmont Avenue | 58,000 |  | 90 | % | Single Tenant | December | $ | 4,700 |  | $ | — |  | Catonsville, MD
210 Bowery | 9,200 |  | 100 | % | Street Retail | December | 7,500 |  | — |  | Manhattan, NY
Lincoln Road | 54,400 |  | 95 | % | Street Retail | December | 139,000 |  | — |  | Miami Beach, FL
Total | 121,600 |  |  |  |  | $ | 151,200 |  | — |  |
Fund III
(dollars in thousands) |  |  |  |  |  |
Property | GLA | Percent Owned | Type | Month of Acquisition | Purchase Price | Debt Assumption | Location
640 Broadway | 45,700 |  | 50 | % | Street Retail | February | $ | 32,500 |  | $ | — |  | New York, NY
Lincoln Park Centre | 62,700 |  | 100 | % | Shopping Center | April | 31,500 |  | 19,763 |  | Chicago, IL
Broad Hollow Commons (1)(2) | Undeveloped Land | 100 | % | Undeveloped Land | August | 12,386 |  | — |  | Farmingdale, NY
Arundel Plaza | 265,000 |  | 90 | % | Shopping Center | August | 17,600 |  | 9,256 |  | Glen Burnie, MD
Cortlandt Crossing(1) | Undeveloped Land | 100 | % | Undeveloped Land | August | 11,000 |  | — |  | Mohegan Lake, NY
3104 M St | 4,900 |  | 100 | % | Street Retail | August | 3,000 |  | — |  | Washington, D.C.
Total | 378,300 |  |  |  |  | $ | 107,986 |  | $ | 29,019 |  |
Notes: (1) Acquisition of land which is not treated as a business combination in accordance with ASC Topic 805. (2) Fund III obtained a deed in lieu of foreclosure on an undeveloped property encumbered by the Fund's $10.0 million first mortgage loan which originated in September 2008. The $12,386 includes the first mortgage loan along with accrued interest.
Schedule of Purchase Price Allocation [Table Text Block] | : ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2. Acquisition and Disposition of Properties and Discontinued Operations, continued
| Allocations Finalized |  | Allocations Not Finalized
(dollars in thousands) | Purchase Price Allocation as Originally Reported | Adjustments | Finalized Purchase Price Allocation |  | Preliminary Purchase Price Allocation
Land | $ | 68,439 |  | $ | 446 |  | $ | 68,885 |  |  | $ | 86,826 |
Buildings and Improvements | 120,010 |  | (2,083 | ) | 117,927 |  |  | 226,650 |
Acquisition-related intangible assets (in Acquired lease intangibles, net) | 2,482 |  | 8,830 |  | 11,312 |  |  | — |
Acquisition-related intangible liabilities (in Acquired lease and other intangibles, net) | (4,387 | ) | (7,267 | ) | (11,654 | ) |  | — |
Above-below market debt assumed (included in Mortgages payable) | 935 |  | 74 |  | 1,009 |  |  | — |
Total Consideration | $ | 187,479 |  | $ | — |  | $ | 187,479 |  |  | $ | 313,476 |
The following table summarizes the preliminary allocation of the purchase price of properties as recorded as of December 31, 2011, and the finalized allocation of the purchase price as adjusted as of December 31, 2012:
(dollars in thousands) | Preliminary Purchase Price Allocation |  | Finalized Purchase Price Allocation
Land | $ | 5,438 |  |  | $ | 12,150 |
Buildings and Improvements | 18,563 |  |  | 11,009 |
Acquisition-related intangible assets (in Acquired lease intangibles, net) | — |  |  | 1,027 |
Acquisition-related intangible liabilities (in Acquired lease and other intangibles, net) | — |  |  | (185 | )
Total Consideration | $ | 24,001 |  |  | $ | 24,001 |
Schedule Of Property Dispositions [Table Text Block] | During 2012, there were no Core Portfolio dispositions. The Opportunity Funds disposed of the following properties:
(dollars in thousands) Property |  | Owner |  | Month Sold |  | Sales Price |  | Gain (Loss) |  | GLA
White Oak Shopping Center (1) |  | Fund III |  | June |  | $ | 13,778 |  |  | $ | 3,402 |  |  | 64,600 |
Tarrytown Centre |  | Fund I |  | June |  | 12,800 |  |  | 2,935 |  |  | 35,000 |
125 Main Street |  | Fund III |  | August |  | 33,500 |  |  | 5,867 |  |  | 25,732 |
Canarsie Plaza |  | Fund II |  | December |  | 124,000 |  |  | (1,315 | ) |  | 273,542 |
Self Storage Portfolio |  | Fund II & Fund III |  | December |  | 261,600 |  |  | 63,716 |  |  | — |
Total |  |  |  |  |  | $ | 445,678 |  |  | $ | 74,605 |  |  | 398,874 |
Note: (1) This property was accounted for as an unconsolidated investment.
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The combined assets and liabilities as of December 31, 2012 and 2011, and the results of operations of the properties classified as discontinued operations for the years ended December 31, 2012, 2011 and 2010, are summarized as follows:
BALANCE SHEET |  |  |  |
ASSETS |  | December 31, 2012 | December 31, 2011
(dollars in thousands) |  |  |  |  |
Net real estate |  | $ | 19,400 |  | $ | 352,729 |
Rents receivable, net |  | 917 |  | 3,326 |
Deferred charges, net |  | 612 |  | 6,246 |
Prepaid expenses and other assets |  | 1,132 |  | 1,582 |
Total assets of discontinued operations |  | $ | 22,061 |  | $ | 363,883 |
LIABILITIES |  |  |  |  |
Mortgages payable |  | $ | 9,208 |  | $ | 140,171 |
Accounts payable and accrued expenses |  | 3,125 |  | 3,078 |
Other liabilities |  | 765 |  | 1,920 |
Total liabilities of discontinued operations |  | $ | 13,098 |  | $ | 145,169 |
|  | Years ended December 31,
STATEMENTS OF OPERATIONS |  | 2012 |  | 2011 |  | 2010
(dollars in thousands) |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 37,464 |  |  | $ | 40,392 |  |  | $ | 36,568 |
Total expenses |  | 26,744 |  |  | 31,640 |  |  | 33,048 |
Operating income |  | 10,720 |  |  | 8,752 |  |  | 3,520 |
Impairment of asset |  | — |  |  | (6,925 | ) |  | — |
Loss on debt extinguishment |  | (2,541 | ) |  | — |  |  | — |
Gain on sale of property |  | 71,203 |  |  | 46,830 |  |  | — |
Income from discontinued operations |  | 79,382 |  |  | 48,657 |  |  | 3,520 |
Income from discontinued operations attributable to noncontrolling interests |  | (63,710 | ) |  | (15,815 | ) |  | (1,696 | )
Income from discontinued operations attributable to Common Shareholders |  | $ | 15,672 |  |  | $ | 32,842 |  |  | $ | 1,824 |

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