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Variable Interest Entities - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
VIE ASSETS [Abstract]        
Operating real estate, net $ 3,386,576 $ 3,343,265    
Real estate under development 122,275 184,602    
Investments in and advances to unconsolidated affiliates 191,925 291,156    
Other assets, net 219,928 229,591    
Right-of-use assets - operating leases, net 35,481 37,281    
Cash and cash equivalents 17,193 17,158 $ 23,921 $ 17,746
Restricted cash 12,325 15,063 11,023 $ 9,813
Rents receivable, net 47,557 49,506    
Total assets 4,204,159 [1],[2] 4,302,582 [2] $ 4,438,884 [1]  
Liabilities [Abstract]        
Mortgage and other notes payable, net 935,348 928,639    
Unsecured notes payable, net 647,589 696,134    
Accounts payable and other liabilities 182,641 196,491    
Lease liability - operating leases, net 33,445 35,271    
Total liabilities [2] 2,006,217 2,053,722    
VIE        
VIE ASSETS [Abstract]        
Operating real estate, net 1,525,238 1,466,381    
Real estate under development 63,308 129,888    
Investments in and advances to unconsolidated affiliates 108,031 210,922    
Other assets, net 90,164 98,675    
Right-of-use assets - operating leases, net 2,326 2,535    
Cash and cash equivalents 12,008 13,330    
Restricted cash 12,246 14,995    
Rents receivable, net 17,710 17,915    
Total assets [3] 1,831,031 1,954,641    
Liabilities [Abstract]        
Mortgage and other notes payable, net 768,844 761,166    
Unsecured notes payable, net 1,996 51,202    
Accounts payable and other liabilities 91,803 95,385    
Lease liability - operating leases, net 2,437 2,657    
Total liabilities [3] $ 865,080 $ 910,410    
[1] Real estate at cost and total assets for the Funds segment include $672.7 million and $660.0 million, or $275.9 million and $270.7 million net of noncontrolling interests, related to Fund II’s City Point property at June 30, 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: $1,525.2 million and $1,466.4 million of Operating real estate, net; $63.3 million and $129.9 million of Real estate under development; $108.0 million and $210.9 million of Investments in and advances to unconsolidated affiliates; $90.2 million and $98.7 million of Other assets, net; $2.3 million and $2.5 million of Right-of-use assets - operating leases, net; $12.0 million and $13.3 million of Cash and cash equivalents; $12.2 million and $15.0 million of Restricted cash; $17.7 million and $17.9 million of Rents receivable, net; $768.8 million and $761.2 million of Mortgage and other notes payable, net; $2.0 million and $51.2 million of Unsecured notes payable, net; $91.8 million and $95.4 million of Accounts payable and other liabilities; $2.4 million and $2.7 million of Lease liability- operating leases, net as of June 30, 2023 and December 31, 2022, respectively.
[3] At June 30, 2023 and December 31, 2022, includes total VIE assets of $677.8 million and $678.1 million, respectively, and total VIE liabilities of $204.9 million and $200.4 million, respectively, related to third-party mortgages that are collateralized by the real estate assets of City Point, a Fund II property, and 27 East 61st Street, 801 Madison Avenue, and 1035 Third Avenue, all Fund IV properties, of which $72.5 million is guaranteed by the Operating Partnership (Note 9). The remaining VIE assets are generally encumbered by third-party non-recourse mortgage debt and are collateral under the respective mortgages and are therefore restricted and can only be used to settle the corresponding liabilities of the VIE. The remaining VIE assets may only be used to settle obligations of these consolidated VIEs and the remaining VIE liabilities are only the obligations of these consolidated VIEs and they do not have recourse to the Operating Partnership or the Company.