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v3.22.2.2

Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021
--- | --- | --- | ---
Combined and Condensed Balance Sheets |  |  |  |  |
Real estate under development | $ 186,360 |  | $ 203,773 |  |
Other assets, net | 234,558 |  | 186,509 |  |
Total VIE assets | 4,363,498 | [1],[2] | 4,261,746 | [2] | $ 4,184,285
Total liabilities and equity | 4,363,498 |  | 4,261,746 |  |
Investments carried at fair value or cost | 3,994 |  | 3,811 |  |
Company's share of distributions in excess of income from and investments in unconsolidated affiliates | 8,880 |  | 9,939 |  |
Investments in and advances to unconsolidated affiliates | 317,422 |  | 322,326 |  |
Unconsolidated Affiliates |  |  |  |  |
Combined and Condensed Balance Sheets |  |  |  |  |
Rental property, net | 681,799 |  | 631,661 |  |
Real estate under development | 14,387 |  | 8,112 |  |
Other assets, net | 133,731 |  | 78,300 |  |
Total VIE assets | 829,917 |  | 718,073 |  |
Mortgage notes payable | 624,043 |  | 571,461 |  |
Other liabilities | 99,566 |  | 69,166 |  |
Partners’ equity | 106,308 |  | 77,446 |  |
Total liabilities and equity | 829,917 |  | 718,073 |  |
Company's share of accumulated equity | 145,270 |  | 113,285 |  |
Basis differential | 53,061 |  | 66,031 |  |
Deferred fees, net of portion related to the Company's interest | 3,674 |  | 4,071 |  |
Amounts receivable/payable by the Company | 175 |  | 666 |  |
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates | 202,180 |  | 184,053 |  |
Investments carried at fair value or cost | 106,362 |  | 128,334 |  |
Company's share of distributions in excess of income from and investments in unconsolidated affiliates | 8,880 |  | 9,939 |  |
Investments in and advances to unconsolidated affiliates | $ 317,422 |  | $ 322,326 |  |
[1] | Real estate at cost and total assets for the Funds segment include $661.7 million and $654.0 million, or $418.5 million and $190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021, respectively.
[2] | Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022, the assets and liabilities of the Operating Partnership includes $2.0 billion and $0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. As of December 31, 2021, the assets and liabilities of the Operating Partnership includes $2.0 billion and $1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership (Note 1).

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