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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Summary of Segment Information | The following tables set forth certain segment information for the Company (in thousands):
|  | As of or for the Year Ended December 31, 2021 |
|  | Core Portfolio |  |  | Funds |  |  | Structured Financing |  |  | Unallocated |  |  | Total |
Revenues |  | $ | 181,332 |  |  | $ | 111,165 |  |  | $ | — |  |  | $ | — |  |  | $ | 292,497 |
Depreciation and amortization |  |  | (69,103 | ) |  |  | (54,336 | ) |  |  | — |  |  |  | — |  |  |  | (123,439 | )
Property operating expenses, other operating and real estate taxes |  |  | (56,957 | ) |  |  | (41,916 | ) |  |  | — |  |  |  | — |  |  |  | (98,873 | )
General and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (40,125 | ) |  |  | (40,125 | )
Impairment charges |  |  | — |  |  |  | (9,925 | ) |  |  | — |  |  |  | — |  |  |  | (9,925 | )
Gain on disposition of properties |  |  | 4,612 |  |  |  | 5,909 |  |  |  | — |  |  |  | — |  |  |  | 10,521 |
Operating income |  |  | 59,884 |  |  |  | 10,897 |  |  |  | — |  |  |  | (40,125 | ) |  |  | 30,656 |
Interest income |  |  | — |  |  |  | — |  |  |  | 9,065 |  |  |  | — |  |  |  | 9,065 |
Equity in earnings of unconsolidated affiliates inclusive of gains on disposition of properties |  |  | 353 |  |  |  | 4,977 |  |  |  | — |  |  |  | — |  |  |  | 5,330 |
Interest expense |  |  | (29,454 | ) |  |  | (38,594 | ) |  |  | — |  |  |  | — |  |  |  | (68,048 | )
Realized and unrealized holding gains on investments and other |  |  | — |  |  |  | 53,654 |  |  |  | (4,534 | ) |  |  | — |  |  |  | 49,120 |
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (93 | ) |  |  | (93 | )
Net income |  |  | 30,783 |  |  |  | 30,934 |  |  |  | 4,531 |  |  |  | (40,218 | ) |  |  | 26,030 |
Net income attributable to noncontrolling interests |  |  | (2,276 | ) |  |  | (206 | ) |  |  | — |  |  |  | — |  |  |  | (2,482 | )
Net income attributable to Acadia |  | $ | 28,507 |  |  | $ | 30,728 |  |  | $ | 4,531 |  |  | $ | (40,218 | ) |  | $ | 23,548 |
Real estate at cost (a) |  | $ | 2,356,645 |  |  | $ | 1,714,962 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,071,607 |
Total Assets (a) |  | $ | 2,212,877 |  |  | $ | 1,894,983 |  |  | $ | 153,886 |  |  | $ | — |  |  | $ | 4,261,746 |
Cash paid for acquisition of real estate |  | $ | 26,176 |  |  | $ | 135,670 |  |  | $ | — |  |  | $ | — |  |  | $ | 161,846 |
Cash paid for development and property improvement costs |  | $ | 13,625 |  |  | $ | 27,046 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,671 |
|  | As of or for the Year Ended December 31, 2020 As Restated |
|  | Core Portfolio |  |  | Funds |  |  | Structured Financing |  |  | Unallocated |  |  | Total |
Revenues |  | $ | 160,262 |  |  | $ | 90,646 |  |  | $ | — |  |  | $ | — |  |  | $ | 250,908 |
Depreciation and amortization |  |  | (76,125 | ) |  |  | (71,104 | ) |  |  | — |  |  |  | — |  |  |  | (147,229 | )
Property operating expenses, other operating and real estate taxes |  |  | (57,246 | ) |  |  | (40,782 | ) |  |  | — |  |  |  | — |  |  |  | (98,028 | )
General and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (35,798 | ) |  |  | (35,798 | )
Impairment charges |  |  | (419 | ) |  |  | (85,179 | ) |  |  | — |  |  |  | — |  |  |  | (85,598 | )
Gain on disposition of properties |  |  | 174 |  |  |  | 509 |  |  |  | — |  |  |  | — |  |  |  | 683 |
Operating income (loss) |  |  | 26,646 |  |  |  | (105,910 | ) |  |  | — |  |  |  | (35,798 | ) |  |  | (115,062 | )
Interest income |  |  | — |  |  |  | — |  |  |  | 8,979 |  |  |  | — |  |  |  | 8,979 |
Equity in losses of unconsolidated affiliates inclusive of gains on disposition of properties |  |  | (874 | ) |  |  | (2,183 | ) |  |  | — |  |  |  | — |  |  |  | (3,057 | )
Interest expense |  |  | (33,185 | ) |  |  | (36,486 | ) |  |  | — |  |  |  | — |  |  |  | (69,671 | )
Realized and unrealized holding gains on investments and other |  |  | 18,564 |  |  |  | 95,366 |  |  |  | (568 | ) |  |  | — |  |  |  | 113,362 |
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (269 | ) |  |  | (269 | )
Net income (loss) |  |  | 11,151 |  |  |  | (49,213 | ) |  |  | 8,411 |  |  |  | (36,067 | ) |  |  | (65,718 | )
Net (income) loss attributable to noncontrolling interests |  |  | (5,837 | ) |  |  | 62,579 |  |  |  | — |  |  |  | — |  |  |  | 56,742 |
Net income (loss) attributable to Acadia |  | $ | 5,314 |  |  | $ | 13,366 |  |  | $ | 8,411 |  |  | $ | (36,067 | ) |  | $ | (8,976 | )
Real estate at cost (a) |  | $ | 2,330,116 |  |  | $ | 1,681,210 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,011,326 |
Total Assets (a) |  | $ | 2,254,680 |  |  | $ | 1,775,507 |  |  | $ | 100,882 |  |  | $ | — |  |  | $ | 4,131,069 |
Cash paid for acquisition of real estate |  | $ | 19,963 |  |  | $ | 1,245 |  |  | $ | — |  |  | $ | — |  |  | $ | 21,208 |
Cash paid for development and property improvement costs |  | $ | 11,170 |  |  | $ | 25,409 |  |  | $ | — |  |  | $ | — |  |  | $ | 36,579 |
|  | As of or for the Year Ended December 31, 2019 As Restated |
|  | Core Portfolio |  |  | Funds |  |  | Structured Financing |  |  | Unallocated |  |  | Total |
Revenues |  | $ | 173,177 |  |  | $ | 116,408 |  |  | $ | — |  |  | $ | — |  |  | $ | 289,585 |
Depreciation and amortization |  |  | (61,819 | ) |  |  | (60,761 | ) |  |  | — |  |  |  | — |  |  |  | (122,580 | )
Property operating expenses, other operating and real estate taxes |  |  | (47,032 | ) |  |  | (41,199 | ) |  |  | — |  |  |  | — |  |  |  | (88,231 | )
General and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (34,299 | ) |  |  | (34,299 | )
Impairment charges |  |  | — |  |  |  | (1,721 | ) |  |  | — |  |  |  | — |  |  |  | (1,721 | )
Gain on disposition of properties |  |  | 16,771 |  |  |  | 13,553 |  |  |  | — |  |  |  | — |  |  |  | 30,324 |
Operating income |  |  | 81,097 |  |  |  | 26,280 |  |  |  | — |  |  |  | (34,299 | ) |  |  | 73,078 |
Interest income |  |  | — |  |  |  | — |  |  |  | 7,988 |  |  |  | — |  |  |  | 7,988 |
Equity in earnings (loss) of unconsolidated affiliates inclusive of gains on disposition of properties |  |  | 9,020 |  |  |  | (3,121 | ) |  |  | — |  |  |  | — |  |  |  | 5,899 |
Interest expense |  |  | (28,304 | ) |  |  | (40,909 | ) |  |  | — |  |  |  | — |  |  |  | (69,213 | )
Realized and unrealized holding gains on investments and other |  |  | 327 |  |  |  | 6,620 |  |  |  | — |  |  |  | — |  |  |  | 6,947 |
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,465 | ) |  |  | (1,465 | )
Net income (loss) |  |  | 62,140 |  |  |  | (11,130 | ) |  |  | 7,988 |  |  |  | (35,764 | ) |  |  | 23,234 |
Net loss attributable to noncontrolling interests |  |  | 337 |  |  |  | 30,146 |  |  |  | — |  |  |  | — |  |  |  | 30,483 |
Net income attributable to Acadia |  | $ | 62,477 |  |  | $ | 19,016 |  |  | $ | 7,988 |  |  | $ | (35,764 | ) |  | $ | 53,717 |
Real estate at cost |  | $ | 2,252,230 |  |  | $ | 1,708,181 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,960,411 |
Total Assets |  | $ | 2,350,833 |  |  | $ | 1,785,919 |  |  | $ | 114,943 |  |  | $ | — |  |  | $ | 4,251,695 |
Cash paid for acquisition of real estate and leasehold interest |  | $ | 173,892 |  |  | $ | 184,812 |  |  | $ | — |  |  | $ | — |  |  | $ | 358,704 |
Cash paid for development and property improvement costs |  | $ | 22,724 |  |  | $ | 66,661 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,385 |

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