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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
 [2]
Segment Reporting Information [Line Items]      
Total revenues $ 91,356 $ 81,839  
Depreciation and amortization (34,940) (33,173)  
General and administrative expenses (9,768) (9,946)  
Property operating expenses and real estate taxes (31,442) (26,612)  
Loss related to a previously disposed property (1,198) 0  
Operating income 14,008 12,108  
Equity in earnings (losses) of unconsolidated affiliates (312) 29  
Interest income 5,238 4,818  
Realized and unrealized holding (losses) gains on investments and other (2,051) 26,757  
Interest expense (23,709) (21,587)  
(Loss) income from continuing operations before income taxes (6,826) 22,125  
Income tax provision (31) (123)  
Net income (loss) (6,857) 22,002  
Net loss attributable to redeemable noncontrolling interests 2,554 2,075  
Net income attributable to noncontrolling interests 7,572 (10,717)  
Net income attributable to Acadia shareholders 3,269 13,360  
Real estate at cost [1] 4,451,020 4,268,909  
Total assets 4,271,782 [1],[2] 4,194,210 [1] $ 4,291,154
Cash paid for development and property improvement costs 12,775 12,529  
Operating Segments | Core Portfolio      
Segment Reporting Information [Line Items]      
Total revenues 53,538 49,796  
Depreciation and amortization (18,267) (18,659)  
General and administrative expenses 0 0  
Property operating expenses and real estate taxes (17,919) (16,109)  
Loss related to a previously disposed property 0    
Operating income 17,352 15,028  
Equity in earnings (losses) of unconsolidated affiliates 2,107 1,800  
Interest income 0 0  
Realized and unrealized holding (losses) gains on investments and other (1,862) 1,482  
Interest expense (10,037) (10,670)  
(Loss) income from continuing operations before income taxes 7,560 7,640  
Income tax provision 0 0  
Net income (loss) 7,560 7,640  
Net loss attributable to redeemable noncontrolling interests 0 0  
Net income attributable to noncontrolling interests (366) (923)  
Net income attributable to Acadia shareholders 7,194 6,717  
Real estate at cost [1] 2,652,732 2,604,244  
Total assets [1] 2,564,745 2,568,946  
Cash paid for development and property improvement costs 8,079 6,686  
Operating Segments | Opportunity Funds      
Segment Reporting Information [Line Items]      
Total revenues 37,818 32,043  
Depreciation and amortization (16,673) (14,514)  
General and administrative expenses 0 0  
Property operating expenses and real estate taxes (13,523) (10,503)  
Loss related to a previously disposed property (1,198)    
Operating income 6,424 7,026  
Equity in earnings (losses) of unconsolidated affiliates (2,419) (1,771)  
Interest income 0 0  
Realized and unrealized holding (losses) gains on investments and other 0 24,995  
Interest expense (13,672) (10,917)  
(Loss) income from continuing operations before income taxes (9,667) 19,333  
Income tax provision 0 0  
Net income (loss) (9,667) 19,333  
Net loss attributable to redeemable noncontrolling interests 2,554 2,075  
Net income attributable to noncontrolling interests 7,938 (9,794)  
Net income attributable to Acadia shareholders 825 11,614  
Real estate at cost [1] 1,798,288 1,664,665  
Total assets [1] 1,588,160 1,501,297  
Cash paid for development and property improvement costs 4,696 5,843  
Operating Segments | Structured Financing      
Segment Reporting Information [Line Items]      
Total revenues 0 0  
Depreciation and amortization 0 0  
General and administrative expenses 0 0  
Property operating expenses and real estate taxes 0 0  
Loss related to a previously disposed property 0    
Operating income 0 0  
Equity in earnings (losses) of unconsolidated affiliates 0 0  
Interest income 5,238 4,818  
Realized and unrealized holding (losses) gains on investments and other (189) 280  
Interest expense 0 0  
(Loss) income from continuing operations before income taxes 5,049    
Income tax provision 0 0  
Net income (loss) 5,049 5,098  
Net loss attributable to redeemable noncontrolling interests 0 0  
Net income attributable to noncontrolling interests 0 0  
Net income attributable to Acadia shareholders 5,049 5,098  
Real estate at cost [1] 0 0  
Total assets [1] 118,877 123,967  
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  
General and administrative expenses (9,768) (9,946)  
Property operating expenses and real estate taxes 0 0  
Loss related to a previously disposed property 0    
Operating income (9,768) (9,946)  
Equity in earnings (losses) of unconsolidated affiliates 0 0  
Interest income 0 0  
Realized and unrealized holding (losses) gains on investments and other 0 0  
Interest expense 0 0  
(Loss) income from continuing operations before income taxes (9,768) (9,946)  
Income tax provision (31) (123)  
Net income (loss) (9,799) (10,069)  
Net loss attributable to redeemable noncontrolling interests 0 0  
Net income attributable to noncontrolling interests 0 0  
Net income attributable to Acadia shareholders (9,799) (10,069)  
Real estate at cost [1] 0 0  
Total assets [1] 0 0  
Cash paid for development and property improvement costs $ 0 $ 0  
[1] otal assets for the Funds segment include $553.4 million and $670.8 million related to Fund II’s City Point property as of March 31, 2024 and 2023, 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: $1,672.4 million and $1,679.8 million of Operating real estate, net; $29.0 million and $28.9 million of Real estate under development; $90.2 million and $92.8 million of Investments in and advances to unconsolidated affiliates; $96.7 million and $101.7 million of Other assets, net; $2.0 million and $2.1 million of Right-of-use assets - operating leases, net; $15.5 million and $10.8 million of Cash and cash equivalents; $6.6 million and $7.0 million of Restricted cash; $22.5 million and $21.4 million of Rents receivable, net; $804.7 million and $764.6 million of Mortgage and other notes payable, net; $0.0 million and $80.5 million of Unsecured notes payable, net; $130.5 million and $127.2 million of Accounts payable and other liabilities; $2.1 million and $2.2 million of Lease liability- operating leases, net as of March 31, 2024 and December 31, 2023, respectively.