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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Total revenues $ 69,394 $ 71,420  
Depreciation and amortization (31,390) (33,377)  
Property operating expenses, other operating and real estate taxes (24,939) (23,767)  
General and administrative expenses (8,996) (9,070)  
Gain on disposition of properties 4,612    
Impairment charges   (51,549)  
Operating income (loss) 8,681 (46,343)  
Interest income 1,700    
Interest and other income 1,700 2,929  
Realized and unrealized holding gains on investments and other 6,507 (530)  
Equity in earnings of unconsolidated affiliates 2,263 1,255  
Interest expense (17,141) (18,302)  
Income tax (provision) benefit (150) 952  
Net income (loss) 1,860 (60,039)  
Net loss attributable to noncontrolling interests 3,302 51,625  
Net income (loss) attributable to Acadia 5,162 (8,414)  
Real estate at cost 4,078,053 4,082,116  
Total assets 4,153,682 4,305,138 $ 4,186,882
Cash paid for acquisition of real estate 0 19,088  
Cash paid for development and property improvement costs 5,425 13,576  
Operating Segments | Core Portfolio      
Segment Reporting Information [Line Items]      
Total revenues 42,349 39,933  
Depreciation and amortization (16,887) (17,056)  
Property operating expenses, other operating and real estate taxes (13,657) (11,814)  
General and administrative expenses 0 0  
Gain on disposition of properties 4,612    
Impairment charges   0  
Operating income (loss) 16,417 11,063  
Interest income 0    
Interest and other income   0  
Realized and unrealized holding gains on investments and other 0 0  
Equity in earnings of unconsolidated affiliates (1,129) 1,642  
Interest expense (7,214) (8,250)  
Income tax (provision) benefit 0 0  
Net income (loss) 8,074 4,455  
Net loss attributable to noncontrolling interests (607) 1,216  
Net income (loss) attributable to Acadia 7,467 5,671  
Real estate at cost 2,319,584 2,289,449  
Total assets 2,222,886 2,330,971  
Cash paid for acquisition of real estate 0 19,088  
Cash paid for development and property improvement costs 2,843 2,638  
Operating Segments | Opportunity Funds      
Segment Reporting Information [Line Items]      
Total revenues 27,045 31,487  
Depreciation and amortization (14,503) (16,321)  
Property operating expenses, other operating and real estate taxes (11,282) (11,953)  
General and administrative expenses 0 0  
Gain on disposition of properties 0    
Impairment charges   (51,549)  
Operating income (loss) 1,260 (48,336)  
Interest income 0    
Interest and other income   0  
Realized and unrealized holding gains on investments and other 6,547 0  
Equity in earnings of unconsolidated affiliates 3,392 (387)  
Interest expense (9,927) (10,052)  
Income tax (provision) benefit 0 0  
Net income (loss) 1,272 (58,775)  
Net loss attributable to noncontrolling interests 3,909 50,409  
Net income (loss) attributable to Acadia 5,181 (8,366)  
Real estate at cost 1,758,469 1,792,667  
Total assets 1,829,386 1,801,008  
Cash paid for acquisition of real estate 0 0  
Cash paid for development and property improvement costs 2,582 10,695  
Operating Segments | Structured Financing      
Segment Reporting Information [Line Items]      
Total revenues 0 0  
Depreciation and amortization 0 0  
Property operating expenses, other operating and real estate taxes 0 0  
General and administrative expenses 0 0  
Gain on disposition of properties 0    
Impairment charges   0  
Operating income (loss) 0 0  
Interest income 1,700    
Interest and other income   2,929  
Realized and unrealized holding gains on investments and other (40) (530)  
Equity in earnings of unconsolidated affiliates 0 0  
Interest expense 0 0  
Income tax (provision) benefit 0 0  
Net income (loss) 1,660 2,399  
Net loss attributable to noncontrolling interests 0 0  
Net income (loss) attributable to Acadia 1,660 2,399  
Real estate at cost 0 0  
Total assets 101,410 173,159  
Cash paid for acquisition of real estate 0 0  
Cash paid for development and property improvement costs 0 0  
Unallocated      
Segment Reporting Information [Line Items]      
Total revenues 0 0  
Depreciation and amortization 0 0  
Property operating expenses, other operating and real estate taxes 0 0  
General and administrative expenses (8,996) (9,070)  
Gain on disposition of properties 0    
Impairment charges   0  
Operating income (loss) (8,996) (9,070)  
Interest income 0    
Interest and other income   0  
Realized and unrealized holding gains on investments and other 0 0  
Equity in earnings of unconsolidated affiliates 0 0  
Interest expense 0 0  
Income tax (provision) benefit (150) 952  
Net income (loss) (9,146) (8,118)  
Net loss attributable to noncontrolling interests 0 0  
Net income (loss) attributable to Acadia (9,146) (8,118)  
Real estate at cost 0 0  
Total assets 0 0  
Cash paid for acquisition of real estate 0 0  
Cash paid for development and property improvement costs $ 0 $ 0