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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Summary of Segment Information | The following tables set forth certain segment information for the Company (in thousands):
|  | As of or for the Year Ended December 31, 2023 |
|  | Core Portfolio |  |  | Funds |  |  | Structured Financing |  |  | Unallocated |  |  | Total |
Total revenues |  | $ | 203,545 |  |  | $ | 135,147 |  |  | $ | — |  |  | $ | — |  |  | $ | 338,692 |
Depreciation and amortization expenses |  |  | (76,642 | ) |  |  | (59,342 | ) |  |  | — |  |  |  | — |  |  |  | (135,984 | )
General and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (41,470 | ) |  |  | (41,470 | )
Property operating expenses, other operating and real estate taxes |  |  | (64,382 | ) |  |  | (44,094 | ) |  |  | — |  |  |  | — |  |  |  | (108,476 | )
Impairment charges |  |  | — |  |  |  | (3,686 | ) |  |  | — |  |  |  | — |  |  |  | (3,686 | )
Operating income |  |  | 62,521 |  |  |  | 28,025 |  |  |  | — |  |  |  | (41,470 | ) |  |  | 49,076 |
Equity in earnings (losses) of unconsolidated affiliates |  |  | 2,734 |  |  |  | (10,411 | ) |  |  | — |  |  |  | — |  |  |  | (7,677 | )
Interest income |  |  | — |  |  |  | — |  |  |  | 19,993 |  |  |  | — |  |  |  | 19,993 |
Realized and unrealized holding gains (losses) on investments and other |  |  | 5,756 |  |  |  | 24,995 |  |  |  | (338 | ) |  |  | — |  |  |  | 30,413 |
Interest expense |  |  | (44,521 | ) |  |  | (48,732 | ) |  |  | — |  |  |  | — |  |  |  | (93,253 | )
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (301 | ) |  |  | (301 | )
Net income (loss) |  |  | 26,490 |  |  |  | (6,123 | ) |  |  | 19,655 |  |  |  | (41,771 | ) |  |  | (1,749 | )
Net loss attributable to redeemable noncontrolling interests |  |  | — |  |  |  | 8,239 |  |  |  | — |  |  |  | — |  |  |  | 8,239 |
Net (income) loss attributable to noncontrolling interests |  |  | (1,937 | ) |  |  | 15,320 |  |  |  | — |  |  |  | — |  |  |  | 13,383 |
Net income (loss) attributable to Acadia shareholders |  | $ | 24,553 |  |  | $ | 17,436 |  |  | $ | 19,655 |  |  | $ | (41,771 | ) |  | $ | 19,873 |
Real estate at cost (a) |  | $ | 2,646,831 |  |  | $ | 1,788,688 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,435,519 |
Total assets (a) |  | $ | 2,566,450 |  |  | $ | 1,599,755 |  |  | $ | 124,949 |  |  | $ | — |  |  | $ | 4,291,154 |
Cash paid for acquisition of real estate |  | $ | — |  |  | $ | 126,545 |  |  | $ | — |  |  | $ | — |  |  | $ | 126,545 |
Cash paid for development, construction and property improvement costs |  | $ | 44,428 |  |  | $ | 25,112 |  |  | $ | — |  |  | $ | — |  |  | $ | 69,540 |
|  | As of or for the Year Ended December 31, 2022 |
|  | Core Portfolio |  |  | Funds |  |  | Structured Financing |  |  | Unallocated |  |  | Total |
Total revenues |  | $ | 202,547 |  |  | $ | 123,743 |  |  | $ | — |  |  | $ | — |  |  | $ | 326,290 |
Depreciation and amortization expenses |  |  | (75,614 | ) |  |  | (60,303 | ) |  |  | — |  |  |  | — |  |  |  | (135,917 | )
General and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (44,066 | ) |  |  | (44,066 | )
Property operating expenses, other operating and real estate taxes |  |  | (60,306 | ) |  |  | (41,621 | ) |  |  | — |  |  |  | — |  |  |  | (101,927 | )
Impairment charges |  |  | — |  |  |  | (33,311 | ) |  |  | — |  |  |  | — |  |  |  | (33,311 | )
Gain on disposition of properties |  |  | 7,245 |  |  |  | 49,916 |  |  |  | — |  |  |  | — |  |  |  | 57,161 |
Operating income (loss) |  |  | 73,872 |  |  |  | 38,424 |  |  |  | — |  |  |  | (44,066 | ) |  |  | 68,230 |
Equity in (losses) earnings of unconsolidated affiliates |  |  | (45,919 | ) |  |  | 13,012 |  |  |  | — |  |  |  | — |  |  |  | (32,907 | )
Interest income |  |  | — |  |  |  | — |  |  |  | 14,641 |  |  |  | — |  |  |  | 14,641 |
Realized and unrealized holding gains (losses) on investments and other |  |  | 1,163 |  |  |  | (35,559 | ) |  |  | (598 | ) |  |  | — |  |  |  | (34,994 | )
Interest expense |  |  | (37,892 | ) |  |  | (42,317 | ) |  |  | — |  |  |  | — |  |  |  | (80,209 | )
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12 | ) |  |  | (12 | )
Net (loss) income |  |  | (8,776 | ) |  |  | (26,440 | ) |  |  | 14,043 |  |  |  | (44,078 | ) |  |  | (65,251 | )
Net loss attributable to redeemable noncontrolling interests |  |  | — |  |  |  | 5,536 |  |  |  | — |  |  |  | — |  |  |  | 5,536 |
Net loss attributable to noncontrolling interests |  |  | 1,000 |  |  |  | 23,270 |  |  |  | — |  |  |  | — |  |  |  | 24,270 |
Net (loss) income attributable to Acadia |  | $ | (7,776 | ) |  | $ | 2,366 |  |  | $ | 14,043 |  |  | $ | (44,078 | ) |  | $ | (35,445 | )
Real estate at cost (a) |  | $ | 2,597,394 |  |  | $ | 1,655,616 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,253,010 |
Total assets (a) |  | $ | 2,599,268 |  |  | $ | 1,579,411 |  |  | $ | 123,903 |  |  | $ | — |  |  | $ | 4,302,582 |
Cash paid for acquisition of real estate |  | $ | 242,633 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 242,633 |
Cash paid for development, construction and property improvement costs |  | $ | 32,406 |  |  | $ | 18,640 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,046 |
|  | As of or for the Year Ended December 31, 2021 |
|  | Core Portfolio |  |  | Funds |  |  | Structured Financing |  |  | Unallocated |  |  | Total |
Total revenues |  | $ | 181,332 |  |  | $ | 111,165 |  |  | $ | — |  |  | $ | — |  |  | $ | 292,497 |
Depreciation and amortization expenses |  |  | (69,103 | ) |  |  | (54,336 | ) |  |  | — |  |  |  | — |  |  |  | (123,439 | )
General and administrative expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (40,125 | ) |  |  | (40,125 | )
Property operating expenses, other operating and real estate taxes |  |  | (56,957 | ) |  |  | (41,916 | ) |  |  | — |  |  |  | — |  |  |  | (98,873 | )
Impairment charges |  |  | — |  |  |  | (9,925 | ) |  |  | — |  |  |  | — |  |  |  | (9,925 | )
Gain on disposition of properties |  |  | 4,612 |  |  |  | 5,909 |  |  |  | — |  |  |  | — |  |  |  | 10,521 |
Operating income (loss) |  |  | 59,884 |  |  |  | 10,897 |  |  |  | — |  |  |  | (40,125 | ) |  |  | 30,656 |
Equity in earnings of unconsolidated affiliates |  |  | 353 |  |  |  | 4,977 |  |  |  | — |  |  |  | — |  |  |  | 5,330 |
Interest income |  |  | — |  |  |  | — |  |  |  | 9,065 |  |  |  | — |  |  |  | 9,065 |
Realized and unrealized holding gains (losses) on investments and other |  |  | — |  |  |  | 53,654 |  |  |  | (4,534 | ) |  |  | — |  |  |  | 49,120 |
Interest expense |  |  | (29,454 | ) |  |  | (38,594 | ) |  |  | — |  |  |  | — |  |  |  | (68,048 | )
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (93 | ) |  |  | (93 | )
Net income (loss) |  |  | 30,783 |  |  |  | 30,934 |  |  |  | 4,531 |  |  |  | (40,218 | ) |  |  | 26,030 |
Net income attributable to noncontrolling interests |  |  | (2,276 | ) |  |  | (206 | ) |  |  | — |  |  |  | — |  |  |  | (2,482 | )
Net income (loss) attributable to Acadia |  | $ | 28,507 |  |  | $ | 30,728 |  |  | $ | 4,531 |  |  | $ | (40,218 | ) |  | $ | 23,548 |
Real estate at cost (a) |  | $ | 2,356,645 |  |  | $ | 1,714,962 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,071,607 |
Total assets (a) |  | $ | 2,212,877 |  |  | $ | 1,894,983 |  |  | $ | 153,886 |  |  | $ | — |  |  | $ | 4,261,746 |
Cash paid for acquisition of real estate and leasehold interest |  | $ | 26,176 |  |  | $ | 135,670 |  |  | $ | — |  |  | $ | — |  |  | $ | 161,846 |
Cash paid for development, construction and property improvement costs |  | $ | 13,625 |  |  | $ | 27,046 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,671 |
a) Total assets for the Funds segment includ e $555.8 million, $569.1 million, and $583.4 million related to Fund II’s City Point property at December 31, 2023, 2022,and 2021, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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