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  <xsd:element abstract="true" id="akr_LiborPlusOnePointFiveFivePercentMortgageNoteMember" name="LiborPlusOnePointFiveFivePercentMortgageNoteMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_LiborPlusTwoPointTwoFivePercentMortgageNoteMember" name="LiborPlusTwoPointTwoFivePercentMortgageNoteMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_LimitedLiabilityCompanyLlcOrLimitedPartnershipLpManagingMemberOrGeneralPartnerOwnershipShareOfCapital" name="LimitedLiabilityCompanyLlcOrLimitedPartnershipLpManagingMemberOrGeneralPartnerOwnershipShareOfCapital" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_LimitedLiabilityCompanyLlcOrLimitedPartnershipLpMembersOrLimitedPartnersPreferredReturn" name="LimitedLiabilityCompanyLlcOrLimitedPartnershipLpMembersOrLimitedPartnersPreferredReturn" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_LongTermDebtRefinancedAmount" name="LongTermDebtRefinancedAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="akr_LongTermIncentiveAndShareBasedCompensationExpense" name="LongTermIncentiveAndShareBasedCompensationExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_LongTermInvestmentAlignmentProgramMember" name="LongTermInvestmentAlignmentProgramMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_LtipUnitsAndRestrictedStockMember" name="LtipUnitsAndRestrictedStockMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_LtipUnitsMember" name="LtipUnitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards" name="MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MervynsIAndMervynsIiMember" name="MervynsIAndMervynsIiMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MervynsIiMember" name="MervynsIiMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MezzanineLoanDueWithCapitalEventMember" name="MezzanineLoanDueWithCapitalEventMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MezzanineLoanFifteenPercentDue2020Member" name="MezzanineLoanFifteenPercentDue2020Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MezzanineLoanLIBORPlusTwoPointFivePercentVariableInterestRateDue2020Member" name="MezzanineLoanLIBORPlusTwoPointFivePercentVariableInterestRateDue2020Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MezzanineLoanMember" name="MezzanineLoanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MezzanineLoanTenPercentDueOnDemandMember" name="MezzanineLoanTenPercentDueOnDemandMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MezzanineLoanTwelvePointSevenPercentLoanDue2015Member" name="MezzanineLoanTwelvePointSevenPercentLoanDue2015Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_MortgageInterestIncome" name="MortgageInterestIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_MortgageLoanLIBORPlusThreePointSevenFivePercentLoanDue2024Member" name="MortgageLoanLIBORPlusThreePointSevenFivePercentLoanDue2024Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_MortgageLoansOnRealEstateEffectiveInterestRate" name="MortgageLoansOnRealEstateEffectiveInterestRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_MortgageLoansOnRealEstateNetCarryingAmount" name="MortgageLoansOnRealEstateNetCarryingAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="akr_MortgageLoansonRealEstateCarryingAmountofMortgagesAndPreferredEquityInvestments" name="MortgageLoansonRealEstateCarryingAmountofMortgagesAndPreferredEquityInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="akr_MortgageLoansonRealEstateExchangeofMortgageforInvestment" name="MortgageLoansonRealEstateExchangeofMortgageforInvestment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="akr_MortgageLoansonRealEstateNonperformingLoansAmount" name="MortgageLoansonRealEstateNonperformingLoansAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="akr_MortgageLoansonRealEstateNumberofBorrowers" name="MortgageLoansonRealEstateNumberofBorrowers" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_MortgageLoansonRealEstateNumberofCrossCollateralizedLoans" name="MortgageLoansonRealEstateNumberofCrossCollateralizedLoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_MortgageLoansonRealEstateNumberofNonPerformingLoans" name="MortgageLoansonRealEstateNumberofNonPerformingLoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_NewYorkNewYorkMember" name="NewYorkNewYorkMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_NoncontrollingInterestIncreaseFromContributions" name="NoncontrollingInterestIncreaseFromContributions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_NoncontrollingInterestsAbstract" name="NoncontrollingInterestsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_NotesReceivableandPreferredEquityInvestmentsFairValue" name="NotesReceivableandPreferredEquityInvestmentsFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="akr_NumberOfLoanExtensions" name="NumberOfLoanExtensions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_NumberOfOpportunityFunds" name="NumberOfOpportunityFunds" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_NumberofUnaffiliatedPartners" name="NumberofUnaffiliatedPartners" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OneFiveTwoThroughOneFiveFourSpringStreetMember" name="OneFiveTwoThroughOneFiveFourSpringStreetMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember" name="OperatingPartnershipAsGeneralPartnerOrManagingMemberMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OperatingRealEstateAbstract" name="OperatingRealEstateAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OpportunityFundsMember" name="OpportunityFundsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems" name="OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable" name="OrganizationConsolidationAndPresentationOfFinancialStatementsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_OtherEmployeeandTrusteeShareBasedCompensationExpenseNet" name="OtherEmployeeandTrusteeShareBasedCompensationExpenseNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OtherEmployeesMember" name="OtherEmployeesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_OtherPostsaleAdjustmentsMember" name="OtherPostsaleAdjustmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_PercentOfAwardsIssuedToOfficersSubjectToPerformanceMeasures" name="PercentOfAwardsIssuedToOfficersSubjectToPerformanceMeasures" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="akr_PreferredEquityEightPointOnePercentLoanDue2017Member" name="PreferredEquityEightPointOnePercentLoanDue2017Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_PreferredEquityThirteenPointFivePercentLoanDue2016Member" name="PreferredEquityThirteenPointFivePercentLoanDue2016Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross" name="ProceedsFromSaleOfRealEstateHeldForInvestmentGross" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="akr_PropertyOperatingExpensesAndRealEstateTaxes" name="PropertyOperatingExpensesAndRealEstateTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="akr_RealEstateAcquired1" name="RealEstateAcquired1" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="akr_RealEstateInvestmentPropertyAndDevelopmentinProcessAtCost" name="RealEstateInvestmentPropertyAndDevelopmentinProcessAtCost" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock" name="ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_RemainingFundsRateOfDistributionToAllPartners" name="RemainingFundsRateOfDistributionToAllPartners" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_RemainingFundsRateOfDistributionToPartnership" name="RemainingFundsRateOfDistributionToPartnership" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="akr_ReturnOfCapitalFromUnconsolidatedAffiliates" name="ReturnOfCapitalFromUnconsolidatedAffiliates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_Route202ShoppingCenterMember" name="Route202ShoppingCenterMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SavannahGeorgiaMember" name="SavannahGeorgiaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_ScheduleOfEarningsPerShareBasicAndDilutedLineItems" name="ScheduleOfEarningsPerShareBasicAndDilutedLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_ScheduleOfEarningsPerShareBasicAndDilutedTable" name="ScheduleOfEarningsPerShareBasicAndDilutedTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_ScheduleOfNoncontrollingInterestInIndividualInvesteeTableTextBlock" name="ScheduleOfNoncontrollingInterestInIndividualInvesteeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_ScheduleOfPropertyDispositionsTableTextBlock" name="ScheduleOfPropertyDispositionsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SeniorExecutivesMember" name="SeniorExecutivesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_ShareBasedCompensationUnitsOutstanding" name="ShareBasedCompensationUnitsOutstanding" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="akr_SharebasedCompensationTrancheOneMember" name="SharebasedCompensationTrancheOneMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SharebasedCompensationTrancheThreeMember" name="SharebasedCompensationTrancheThreeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_SharesIssuedBeforeComprehensiveIncome" name="SharesIssuedBeforeComprehensiveIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SheepsheadBayMember" name="SheepsheadBayMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SixPointThreeFivePercentMortgageNoteMember" name="SixPointThreeFivePercentMortgageNoteMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SixtyOneMainStreetMember" name="SixtyOneMainStreetMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts" name="StockIssuedDuringPeriodValueNetOfIssuanceCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="akr_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeComprehensiveIncome" name="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeComprehensiveIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_SubscriptionLineMember" name="SubscriptionLineMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="akr_TrusteeFeeExpense" name="TrusteeFeeExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_TrusteeMember" name="TrusteeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_TwoFiveTwoThroughTwoFiveFourGreenwichAvenueMember" name="TwoFiveTwoThroughTwoFiveFourGreenwichAvenueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_TwoFiveTwoZeroFlatbushAvenueMember" name="TwoFiveTwoZeroFlatbushAvenueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_UnconsolidatedAffiliatesMember" name="UnconsolidatedAffiliatesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_UnsecuredCreditFacilityMember" name="UnsecuredCreditFacilityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_VariableRateDerivativesMaturingInJuly2015Member" name="VariableRateDerivativesMaturingInJuly2015Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_VariableRateDerivativesMaturingInOctober2012Member" name="VariableRateDerivativesMaturingInOctober2012Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_VariableRateDerivativesMember" name="VariableRateDerivativesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_WalnutHillPropertyMember" name="WalnutHillPropertyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_WestPortConnecticutMember" name="WestPortConnecticutMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="akr_ZeroCouponLoanMember" name="ZeroCouponLoanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
</xsd:schema>
