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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
 [2]
Segment Reporting Information [Line Items]      
Total revenues $ 81,839 $ 81,507  
Depreciation and amortization (33,173) (33,713)  
Property operating expenses and real estate taxes (26,612) (24,630)  
General and administrative expenses (9,946) (11,937)  
Gain on disposition of properties 0 28,815  
Operating income 12,108 40,042  
Interest and other income 4,818 2,935  
Realized and unrealized holding gains on investments and other 26,757 15,730  
Equity in earnings (losses) of unconsolidated affiliates 29 3,130  
Interest expense (21,587) (17,925)  
Income tax (provision) benefit (123) 185  
Net income 22,002 44,097  
Net loss attributable to redeemable noncontrolling interests (2,075)    
Net income attributable to noncontrolling interests (10,717) (27,259)  
Net income attributable to Acadia 13,360 16,838  
Real estate at cost [1] 4,268,909 4,268,475  
Total assets 4,194,210 [1],[2] 4,496,181 [1] $ 4,302,582
Cash paid for acquisition of real estate 0 159,599  
Cash paid for development and property improvement costs 12,529 7,931  
Operating Segments | Core Portfolio      
Segment Reporting Information [Line Items]      
Total revenues 49,796 48,350  
Depreciation and amortization (18,659) (17,675)  
Property operating expenses and real estate taxes (16,109) (14,639)  
General and administrative expenses 0 0  
Gain on disposition of properties   0  
Operating income 15,028 16,036  
Interest and other income 0 0  
Realized and unrealized holding gains on investments and other 1,482 1,163  
Equity in earnings (losses) of unconsolidated affiliates 1,800 1,617  
Interest expense (10,670) (7,597)  
Income tax (provision) benefit 0 0  
Net income 7,640 11,219  
Net loss attributable to redeemable noncontrolling interests 0    
Net income attributable to noncontrolling interests (923) (1,121)  
Net income attributable to Acadia 6,717 10,098  
Real estate at cost [1] 2,604,244 2,511,417  
Total assets [1] 2,568,946 2,398,426  
Cash paid for acquisition of real estate 0 159,599  
Cash paid for development and property improvement costs 6,686 3,752  
Operating Segments | Opportunity Funds      
Segment Reporting Information [Line Items]      
Total revenues 32,043 33,157  
Depreciation and amortization (14,514) (16,038)  
Property operating expenses and real estate taxes (10,503) (9,991)  
General and administrative expenses 0 0  
Gain on disposition of properties   28,815  
Operating income 7,026 35,943  
Interest and other income 0 0  
Realized and unrealized holding gains on investments and other 24,995 14,567  
Equity in earnings (losses) of unconsolidated affiliates (1,771) 1,513  
Interest expense (10,917) (10,328)  
Income tax (provision) benefit 0  
Net income 19,333 41,695  
Net loss attributable to redeemable noncontrolling interests (2,075)    
Net income attributable to noncontrolling interests (9,794) (26,138)  
Net income attributable to Acadia 11,614 15,557  
Real estate at cost [1] 1,664,665 1,757,058  
Total assets [1] 1,501,297 1,944,594  
Cash paid for acquisition of real estate 0 0  
Cash paid for development and property improvement costs 5,843 4,179  
Operating Segments | Structured Financing      
Segment Reporting Information [Line Items]      
Total revenues 0 0  
Depreciation and amortization 0 0  
Property operating expenses and real estate taxes 0 0  
General and administrative expenses 0  
Gain on disposition of properties   0  
Operating income 0 0  
Interest and other income 4,818 2,935  
Realized and unrealized holding gains on investments and other 280 0  
Equity in earnings (losses) of unconsolidated affiliates 0  
Interest expense 0 0  
Income tax (provision) benefit 0 0  
Net income 5,098 2,935  
Net loss attributable to redeemable noncontrolling interests 0    
Net income attributable to noncontrolling interests 0 0  
Net income attributable to Acadia 5,098 2,935  
Real estate at cost [1] 0 0  
Total assets [1] 123,967 153,161  
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 and real estate taxes 0 0  
General and administrative expenses (9,946) (11,937)  
Gain on disposition of properties   0  
Operating income (9,946) (11,937)  
Interest and other income 0 0  
Realized and unrealized holding gains on investments and other 0 0  
Equity in earnings (losses) of unconsolidated affiliates 0 0  
Interest expense 0 0  
Income tax (provision) benefit (123) 185  
Net income (10,069) (11,752)  
Net loss attributable to redeemable noncontrolling interests 0    
Net income attributable to noncontrolling interests 0 0  
Net income attributable to Acadia (10,069) (11,752)  
Real estate at cost [1] 0 0  
Total assets [1] 0 0  
Cash paid for acquisition of real estate 0 0  
Cash paid for development and property improvement costs $ 0 $ 0  
[1] Real estate at cost and total assets for the Funds segment include $670.8 million and $657.9 million, or $275.1 million and $191.1 million net of noncontrolling interests, related to Fund II’s City Point property at March 31, 2023 and 2022, respectively.
[2] Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE") (Note 15). The consolidated balance sheets include the following amounts related to our consolidated VIEs that are consolidated by the Operating Partnership: $1,532.5 million and $1,466.4 million of Operating real estate, net; $61.8 million and $129.9 million of Real estate under development; $109.1 million and $210.9 million of Investments in and advances to unconsolidated affiliates; $87.6 million and $98.7 million of Other assets, net; $2.4 million and $2.5 million of Right-of-use assets - operating leases, net; $13.7 million and $13.3 million of Cash and cash equivalents; $14.2 million and $15.0 million of Restricted cash; $16.6 million and $17.9 million of Rents receivable, net; $759.9 million and $761.2 million of Mortgage and other notes payable, net; $1.8 million and $51.2 million of Unsecured notes payable, net; $98.7 million and $95.4 million of Accounts payable and other liabilities; $2.5 million and $2.7 million of Lease liability- operating leases, net as of March 31, 2023 and December 31, 2022, respectively.