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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
 [2]
Segment Reporting Information [Line Items]          
Total revenues $ 81,392 $ 79,946 $ 253,179 $ 245,712  
Depreciation and amortization (33,726) (33,744) (100,955) (102,428)  
Property operating expenses and real estate taxes (26,980) (25,559) (79,183) (75,384)  
General and administrative expenses (10,309) (10,170) (30,898) (32,768)  
Impairment charges (3,686) (33,311) (3,686) (33,311)  
Gain on disposition of properties 0 8,885 0 49,916  
Operating income (loss) 6,691 (13,953) 38,457 51,737  
Interest and other income 5,087 3,994 14,875 9,890  
Realized and unrealized holding gains (losses) on investments and other 1,664 (7,862) 30,236 (18,415)  
Equity in earnings (losses) of unconsolidated affiliates (4,865) (50,579) (6,273) (46,169)  
Interest expense (24,885) (21,162) (68,561) (58,309)  
Income tax benefit (provision) 40 17 (248) (7)  
Net income (loss) (16,268) (89,545) 8,486 (61,273)  
Net loss attributable to redeemable noncontrolling interests 2,495 3,193 5,661 3,193  
Net (income) loss attributable to noncontrolling interests 12,347 30,461 7,063 18,653  
Net (loss) income attributable to Acadia shareholders (1,426) (55,891) 21,210 (39,427)  
Real estate at cost [1] 4,375,093 4,265,422 4,375,093 4,265,422  
Total assets 4,280,778 [1],[2] 4,363,498 [1] 4,280,778 [1],[2] 4,363,498 [1] $ 4,302,582
Cash paid for acquisition of real estate     48,909 242,633  
Cash paid for development and property improvement costs     51,280 36,863  
Operating Segments | Core Portfolio          
Segment Reporting Information [Line Items]          
Total revenues 47,334 50,076 153,506 151,650  
Depreciation and amortization (18,847) (18,811) (57,541) (56,547)  
Property operating expenses and real estate taxes (15,553) (14,808) (46,717) (44,379)  
General and administrative expenses 0 0 0 0  
Impairment charges 0 0 0 0  
Gain on disposition of properties 0 0   0  
Operating income (loss) 12,934 16,457 49,248 50,724  
Interest and other income 0 0 0 0  
Realized and unrealized holding gains (losses) on investments and other 1,729 0 5,218 1,163  
Equity in earnings (losses) of unconsolidated affiliates (825) (49,806) 1,897 (47,402)  
Interest expense (11,388) (10,428) (33,048) (26,543)  
Income tax benefit (provision) 0 0 0 0  
Net income (loss) 2,450 (43,777) 23,315 (22,058)  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests (176) 2,884 (1,813) 1,398  
Net (loss) income attributable to Acadia shareholders 2,274 (40,893) 21,502 (20,660)  
Real estate at cost [1] 2,639,893 2,614,103 2,639,893 2,614,103  
Total assets [1] 2,596,241 2,636,041 2,596,241 2,636,041  
Cash paid for acquisition of real estate     0 242,633  
Cash paid for development and property improvement costs     33,599 22,325  
Operating Segments | Opportunity Funds          
Segment Reporting Information [Line Items]          
Total revenues 34,058 29,870 99,673 94,062  
Depreciation and amortization (14,879) (14,933) (43,414) (45,881)  
Property operating expenses and real estate taxes (11,427) (10,751) (32,466) (31,005)  
General and administrative expenses 0 0 0 0  
Impairment charges (3,686) (33,311) (3,686) (33,311)  
Gain on disposition of properties 0 8,885   49,916  
Operating income (loss) 4,066 (20,240) 20,107 33,781  
Interest and other income 0 0 0 0  
Realized and unrealized holding gains (losses) on investments and other 0 (7,257) 24,995 (19,073)  
Equity in earnings (losses) of unconsolidated affiliates (4,040) (773) (8,170) 1,233  
Interest expense (13,497) (10,734) (35,513) (31,766)  
Income tax benefit (provision) 0 0 0 0  
Net income (loss) (13,471) (39,004) 1,419 (15,825)  
Net loss attributable to redeemable noncontrolling interests 2,495 3,193 5,661 3,193  
Net (income) loss attributable to noncontrolling interests 12,523 27,577 8,876 17,255  
Net (loss) income attributable to Acadia shareholders 1,547 (8,234) 15,956 4,623  
Real estate at cost [1] 1,735,200 1,651,319 1,735,200 1,651,319  
Total assets [1] 1,560,724 1,603,491 1,560,724 1,603,491  
Cash paid for acquisition of real estate     48,909 0  
Cash paid for development and property improvement costs     17,681 14,538  
Operating Segments | Structured Financing          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Depreciation and amortization 0 0 0 0  
Property operating expenses and real estate taxes 0 0 0 0  
General and administrative expenses 0 0 0 0  
Impairment charges 0 0 0 0  
Gain on disposition of properties 0 0   0  
Operating income (loss) 0 0 0 0  
Interest and other income 5,087 3,994 14,875 9,890  
Realized and unrealized holding gains (losses) on investments and other (65) (605) 23 (505)  
Equity in earnings (losses) of unconsolidated affiliates 0 0 0 0  
Interest expense 0 0 0 0  
Income tax benefit (provision) 0 0 0 0  
Net income (loss) 5,022 3,389 14,898 9,385  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests 0 0 0 0  
Net (loss) income attributable to Acadia shareholders 5,022 3,389 14,898 9,385  
Real estate at cost [1] 0 0 0 0  
Total assets [1] 123,813 123,966 123,813 123,966  
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 0 0  
Depreciation and amortization 0 0 0 0  
Property operating expenses and real estate taxes 0 0 0 0  
General and administrative expenses (10,309) (10,170) (30,898) (32,768)  
Impairment charges 0 0 0 0  
Gain on disposition of properties 0 0   0  
Operating income (loss) (10,309) (10,170) (30,898) (32,768)  
Interest and other income 0 0 0 0  
Realized and unrealized holding gains (losses) on investments and other 0 0 0 0  
Equity in earnings (losses) of unconsolidated affiliates 0 0 0 0  
Interest expense 0 0 0 0  
Income tax benefit (provision) 40 17 (248) (7)  
Net income (loss) (10,269) (10,153) (31,146) (32,775)  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests 0 0 0 0  
Net (loss) income attributable to Acadia shareholders (10,269) (10,153) (31,146) (32,775)  
Real estate at cost [1] 0 0 0 0  
Total assets [1] $ 0 $ 0 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 $670.1 million and $661.7 million, or $423.8 million and $418.5 million net of noncontrolling interests, related to Fund II’s City Point property at September 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: $1,636.8 million and $1,466.4 million of Operating real estate, net; $28.1 million and $129.9 million of Real estate under development; $100.5 million and $210.9 million of Investments in and advances to unconsolidated affiliates; $97.4 million and $98.7 million of Other assets, net; $2.2 million and $2.5 million of Right-of-use assets - operating leases, net; $10.5 million and $13.3 million of Cash and cash equivalents; $7.4 million and $15.0 million of Restricted cash; $19.7 million and $17.9 million of Rents receivable, net; $795.6 million and $761.2 million of Mortgage and other notes payable, net; $20.3 million and $51.2 million of Unsecured notes payable, net; $122.2 million and $95.4 million of Accounts payable and other liabilities; $2.3 million and $2.7 million of Lease liability- operating leases, net as of September 30, 2023 and December 31, 2022, respectively.