XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.23.2

Real Estate (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Schedule of Consolidated Real Estate | The Company’s consolidated real estate is comprised of the following for the periods presented (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Land |  | $ | 881,717 |  |  | $ | 817,802 |
Buildings and improvements |  |  | 2,997,760 |  |  |  | 2,987,594 |
Tenant improvements |  |  | 239,305 |  |  |  | 216,899 |
Construction in progress |  |  | 16,836 |  |  |  | 21,027 |
Right-of-use assets - finance leases (Note 11) |  |  | 25,086 |  |  |  | 25,086 |
Total |  |  | 4,160,704 |  |  |  | 4,068,408 |
Less: Accumulated depreciation and amortization |  |  | (774,128 | ) |  |  | (725,143 | )
Operating real estate, net |  |  | 3,386,576 |  |  |  | 3,343,265 |
Real estate under development |  |  | 122,275 |  |  |  | 184,602 |
Net investments in real estate |  | $ | 3,508,851 |  |  | $ | 3,527,867 |
Schedule Of Development In Process Activities | Development activity for the Company’s consolidated properties comprised the following during the periods presented (dollars in thousands):
|  | January 1, 2023 |  |  | Six Months Ended June 30, 2023 |  |  | June 30, 2023 |
|  | Number of Properties |  |  | Carrying Value |  |  | Transfers In |  |  | Capitalized Costs |  |  | Transfers Out |  |  | Number of Properties |  |  | Carrying Value |
Core |  |  | 2 |  |  | $ | 54,817 |  |  | $ | — |  |  | $ | 4,280 |  |  | $ | — |  |  |  | 2 |  |  | $ | 59,097 |
Fund II |  |  | — |  |  |  | 34,072 |  |  |  | — |  |  |  | 1,813 |  |  |  | — |  |  |  | — |  |  |  | 35,885 |
Fund III |  |  | 1 |  |  |  | 25,798 |  |  |  | — |  |  |  | 1,494 |  |  |  | — |  |  |  | 1 |  |  |  | 27,293 |
Fund IV (a) |  |  | 1 |  |  |  | 69,915 |  |  |  | — |  |  |  | — |  |  |  | 69,915 |  |  |  | — |  |  |  | — |
Total |  |  | 4 |  |  | $ | 184,602 |  |  | $ | — |  |  | $ | 7,587 |  |  | $ | 69,915 |  |  |  | 3 |  |  | $ | 122,275 |
a) Transfers out include $69.9 million related to one Fund IV property that was transferred out of development.
Disposal Group Held for sale Not Discontinued Operations |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Schedule of Asset Held For Sale Property | Assets of the held for sale property consisted of the following:
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |
Buildings and improvements |  | $ | 12,562 |  |  | $ | 12,562 |
Land |  |  | 3,380 |  |  |  | 3,380 |
Tenant improvements |  |  | 1,010 |  |  |  | 1,010 |
Less: Accumulated depreciation and amortization |  |  | (5,895 | ) |  |  | (5,895 | )
|  | $ | 11,057 |  |  | $ | 11,057 |

X
- Definition Schedule of asset held for sale property. + References No definition available. + Details
Name: | akr_ScheduleOfAssetHeldForSalePropertyTableTextBlock
Namespace Prefix: | akr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of development in process activities. + References No definition available. + Details
Name: | akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock
Namespace Prefix: | akr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DisposalGroupClassificationAxis=us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |