Exhibit 21

LIST OF AFFILIATES OF

ACADIA REALTY TRUST

SUBSIDIARIES		JURISDICTION OF INCORPORATION/ ORGANIZATION
Acadia Realty Trust		MD
Acadia Realty Limited Partnership		DE
ARLP GS LLC		DE
100 Bull LLC		DE
102 EB LLC		DE
110 UP NY LLC		DE
1035 Third Avenue LLC		DE
11 East Walton LLC		DE
120 West Broadway LLC		DE
120 West Broadway Lender LLC		DE
1238 Wisconsin Holdco LLC		DE
1238 Wisconsin Owner LLC		DE
131-135 Prince Street LLC		DE
135 East 65th Street Lender LLC		DE
146 Geary LLC		DE
146 Geary Member LLC		DE
151 North State Owner LLC		DE
152-154 Spring Street Lender LLC		DE
152-154 Spring Street Retail LLC		DE
158 East 126th Street LLC		DE
163 Highland Owner LLC		DE
165 Newbury Street Owner LLC		DE
17 East 71 Street LLC		DE
182-186 Spring Street Lender LLC		DE
188 Spring Street Lender LLC		DE
201 Needham Street Owner LLC		DE
201 WB LLC		DE
210 Bowery LLC		DE
210 Bowery Owners LLC		DE
210 Bowery Residential Owners LLC		DE
2207 Fillmore Member LLC		DE
2208-2216 Fillmore Member LLC		DE
230/240 WB LLC		DE
239 Greenwich Associates Limited Partnership		CT
2520 Flatbush Avenue LLC		DE
252-264 Greenwich Avenue Retail LLC		DE
2675 City Center Partner LLC		DE
2675 Geary Boulevard LP		DE
27 East 61st Street LLC		DE
300 WB LLC		DE
313-315 Bowery LLC		DE
313-315 Bowery Lender LLC		DE
41 Greene Street Owner LLC		DE
45 Greene Street Owner LLC		DE
47-49 Greene Street Owner LLC		DE
51 Greene Street Owner LLC		DE
53 Greene Street Owner LLC		DE
55-57 Spring Street Lender LLC		DE
565 Broadway Owner LLC		DE
61 Main Street Owner LLC		DE
640 Broadway Lender LLC		DE
640 Broadway Member LLC		DE
640 Broadway Owners LLC		DE
640 Broadway Owners Subsidiary I LLC		DE
640 Broadway Owners Subsidiary II LLC		DE
717 N Michigan Ave Owner LLC		DE
717 N Michigan Ave Owner Subsidiary LLC		DE
801 Madison Avenue Owner LLC		DE
8436-8452 Melrose General Partner LLC		DE
8436-8452 Melrose Owner LP		DE
849 W. Armitage Owner LLC		DE
865 West North Avenue LLC		DE
868 Broadway LLC		DE
907 W. Armitage Owner LLC		DE

SUBSIDIARIES		JURISDICTION OF INCORPORATION/ ORGANIZATION
912 W. Armitage Owner LLC		DE
960 Broadway LLC		DE
991 Madison Ave LLC		DE
1100 N. State Lender LLC		DE
1964 Union Member LLC		DE
3177 East Main LLC		DE
3200 M Street Lender LLC		DE
430 Broome Street Lender LLC		DE
555 9th Street LP		DE
555 9th Street Partner LLC		DE
8-12 East Walton LLC		DE
840 North Michigan Avenue Acquisition LLC		DE
A/L 3200 M Street LLC		DE
ABR Amboy Road LLC		DE
ABS Investor LLC		DE
ABS Preferred Equity Member LLC		DE
Acadia 152-154 Spring Street Retail LLC		DE
Acadia 1520 Milwaukee Avenue LLC		DE
Acadia 181 Main Street LLC		DE
Acadia 239 Greenwich Avenue, LLC		DE
Acadia 938 W. North Avenue LLC		DE
Acadia 28 Jericho Turnpike LLC		DE
Acadia 2914 Third Avenue LLC		DE
Acadia 3104 M Street Lender LLC		DE
Acadia 3104 M Street LLC		DE
Acadia 3200 M Street LLC		DE
Acadia 330 River Street LLC		DE
Acadia 4401 White Plains Road LLC		DE
Acadia 56 East Walton LLC		DE
Acadia 5-7 East 17th Street LLC		DE
Acadia 639 West Diversey LLC		DE
Acadia 654 Broadway LLC		DE
Acadia 654 Broadway Member LLC		DE
Acadia 83 Spring Street LLC		DE
Acadia Absecon LLC		DE
Acadia Albee LLC		DE
Acadia Albertsons Investors LLC		DE
Acadia Bartow Avenue, LLC		DE
Acadia Bloomfield NJ LLC		DE
Acadia Brandywine Holdings, LLC		DE
Acadia Brentwood LLC		DE
Acadia Cambridge LLC		DE
Acadia Canarsie LLC		DE
Acadia Chestnut LLC		DE
Acadia Chicago LLC		DE
Acadia Clark-Diversey LLC		DE
Acadia Connecticut Avenue LLC		DE
Acadia Cortlandt Crossing LLC		DE
Acadia Cortlandt LLC		DE
Acadia Crescent Plaza LLC		DE
Acadia Crossroads, LLC		DE
Acadia Cub Foods Investors LLC		DE
Acadia D.R. Management LLC		DE
Acadia Elmwood Park LLC		DE
Acadia Fund IV Investments LLC		DE
Acadia Gold Coast LLC		DE
Acadia Gotham Member LLC		DE
Acadia Heathcote LLC		DE
Acadia Hobson LLC		DE
Acadia L.U.F. LLC		DE
Acadia Mad River Property LLC		DE
Acadia Marcus Avenue LLC		DE
Acadia Mark Plaza LLC		DE
Acadia Market Square, LLC		DE
Acadia Marsh Investors LLC		DE
Acadia MCB Holding Company II LLC		DE
Acadia MCB Holding Company LLC		DE
Acadia Mercer Street LLC		DE
Acadia Merrillville LLC		DE
Acadia Merrillville Realty, L.P.		IN
Acadia Mervyn I, LLC		DE

SUBSIDIARIES		JURISDICTION OF INCORPORATION/ ORGANIZATION
Acadia Mervyn II, LLC		DE
Acadia Mervyn Investors II, LLC		DE
Acadia Naamans Road LLC		DE
Acadia New Loudon, LLC		DE
Acadia North Michigan Avenue LLC		DE
Acadia Paramus Plaza LLC		DE
Acadia Pelham Manor LLC		DE
Acadia Property Holdings, LLC		DE
Acadia Realty Acquisition I, LLC		DE
Acadia Realty Acquisition II, LLC		DE
Acadia Realty Acquisition III LLC		DE
Acadia Realty Acquisition IV LLC		DE
Acadia Realty Acquisition V LLC		DE
Acadia Republic Farmingdale LLC		DE
Acadia Rex LLC		DE
Acadia Rush Walton LLC		DE
Acadia Second City 1521 West Belmont LLC		DE
Acadia Second City 2206-08 North Halsted LLC		DE
Acadia Second City 2633 North Halsted LLC		DE
Acadia Second City 843-45 West Armitage LLC		DE
Acadia Self Storage Management Company LLC		DE
Acadia Self Storage Management Investment Company LLC		DE
Acadia Shopko Investors LLC		DE
Acadia SP Investor LLC		DE
Acadia Strategic Opportunity Fund II, LLC		DE
Acadia Strategic Opportunity Fund III LLC		DE
Acadia Strategic Opportunity Fund III Special Member LLC		DE
Acadia Strategic Opportunity Fund IV LLC		DE
Acadia Strategic Opportunity Fund IV Promote Member LLC		DE
Acadia Strategic Opportunity Fund IV Special Member LLC		DE
Acadia Strategic Opportunity Fund V LLC		DE
Acadia Strategic Opportunity Fund V Promote Member LLC		DE
Acadia Strategic Opportunity Fund V Special Member LLC		DE
Acadia Town Center Holdco LLC		DE
Acadia Town Line, LLC		CT
Acadia Urban Development LLC		DE
Acadia West 54th Street LLC		DE
Acadia West Diversey LLC		DE
Acadia West Shore Expressway LLC		DE
Acadia-Washington Square Albee LLC		DE
ACF Paramus Plaza LLC		DE
ACRS II LLC		DE
ACRS, Inc.		DE
AFWV Investor Member LLC		DE
Airport Mall Owner LLC		DE
A-K JV I LLC		DE
Albee Development LLC		DE
Albee Food LLC		DE
Albee Phase 3 Development LLC		DE
Albee Retail 21 Development LLC		DE
Albee Retail Development LLC		DE
Albee Tower I Management LLC		DE
Albee Tower I Member LLC		DE
Albee Tower I Owners LLC		NY
A-MCB Arundel Funding LLC		MD
A-MCB Arundel LLC		MD
A-MCB Arundel II LLC		MD
AMCB BB Woodlawn LLC		MD
AMCB Bloomfield LLC		DE
AMCB Eden Square LLC		DE
AMCB Kennedy LLC		DE
AMCB Manassas Promenade LLC		DE
AMCB Perring LLC		MD
AMCB Rhode Island Mall Owner LLC		DE
AP Fillmore LLC		DE
AP Fillmore II LLC		DE
AP Union II LLC		DE
ARA IV Class A Member LLC		DE
Aspen Cove Apartments, LLC		NY
Bedford Green LLC		DE
BKLYN Studios LLC		DE

SUBSIDIARIES		JURISDICTION OF INCORPORATION/ ORGANIZATION
Brandywine Town Center Maintenance Corporation		DE
Brandywine Town Center/Market Square Lender LLC		DE
Broughton Street Partners Company LLC		DE
Broughton Street Partners Company II LLC		DE
California & Armitage Main Owner LLC		DE
California & Armitage Outparcel Owner LLC		DE
Canarsie Plaza LLC		DE
City Point 21 Development LLC		DE
City Point Retail Development LLC		DE
Colonie Plaza Owner LLC		DE
Concord & Milwaukee Owner LLC		DE
Cortlandt Crossing Sewage Works Corporation		NY
Cortlandt Town Center LLC		DE
Cortlandt Town Center Member LLC		DE
Crossing Release Parcel Owner LLC		DE
Crossroads II
Crossroads II, LLC		DE
Crossroads Joint Venture
Crossroads Joint Venture, LLC		DE
Dauphin Plaza Member LLC		DE
Dauphin Plaza Owner LLC		DE
Dekalb Market Hall LLC		DE
Elk Grove General Partner LLC		DE
Elk Grove Owner LP		DE
Fairlane Green Condo Manager LLC		DE
Fairlane Green Owner LLC		DE
FC Riverdale Investor Member LLC		DE
FC Riverdale Lender LLC		DE
GDC Beechwood, LLC		NY
GDC SMG, LLC		NY
GT Metro Portfolio Member LLC		DE
Heathcote Associates, L.P.		NY
Hickory Ridge Owner LLC		DE
Hiram Pavilion Owner LLC		DE
Landstown Commons Owner LLC		DE
Lincoln Commons Owner LLC		DE
Lincoln Place SC Owner LLC		DE
Lincoln Road III LLC		FL
Mark Plaza Fifty L.P.		PA
Mark Twelve Associates, L.P.		PA
Mayfair Center Owner LLC		DE
MCB Bloomfield LLC		NJ
Miami Beach Lincoln, LLC
Mid-Atlantic Portfolio Lender LLC		DE
Mid-Atlantic Portfolio Member LLC		DE
New Towne Center Owner LLC		DE
North & Kingsbury Owner LLC		DE
Palm Coast Landing Owner LLC		DE
Plaza Santa Fe Owner LLC		DE
RD Abington Associates Limited Partnership		DE
RD Absecon Associates, L.P.		DE
RD Bloomfield Associates Limited Partnership		DE
RD Branch Associates L.P.		NY
RD Elmwood Associates, L.P.		DE
RD Hobson Associates, L.P.		DE
RD Methuen Associates Limited Partnership		MA
RD Smithtown, LLC		NY
Restaurants at Fort Point LLC		DE
RIM Lender LLC		DE
RIM Member LLC		DE
Roosevelt Galleria LLC		DE
SC Retail Owner LLC		DE
Self Storage Management LLC		DE
Shops At Grand Avenue LLC		DE
Soho Purchaser LLC		DE
SMG Celebration, LLC		NY
SP Waterville Owner LLC		DE
SP Windham Owner LLC		DE
State & Washington Owner LLC		DE
Storage Post Holdings LLC		DE
Strategic Opportunity Fund Acquisition LLC		DE

SUBSIDIARIES		JURISDICTION OF INCORPORATION/ ORGANIZATION
The Crossings Investor LLC		DE
Tri-City Plaza Lender LLC		DE
Tri-City Plaza Member LLC		DE
Trussville Promenade I Owner LLC		DE
Trussville Promenade II Owner LLC		DE
Wake Forest Crossing Owner LLC		DE
Wells Plaza Owner LLC		DE