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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
 [2]
Combined and Condensed Balance Sheets      
Other assets, net $ 196,920 $ 208,460  
Total assets 4,276,323 [1],[2] 4,291,154 [1] $ 4,280,778
Total liabilities, redeemable noncontrolling interests, and equity 4,276,323 4,291,154  
Investments carried at cost [3] 4,368 4,554  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 7,797 7,982  
Investments in and advances to unconsolidated affiliates 187,363 197,240  
Unconsolidated Affiliates      
Combined and Condensed Balance Sheets      
Rental property, net 699,878 723,411  
Other assets, net 124,846 125,699  
Total assets 824,724 849,110  
Mortgage notes payable 613,341 662,552  
Other liabilities 94,608 100,270  
Partners’ equity 116,775 86,288  
Total liabilities, redeemable noncontrolling interests, and equity 824,724 849,110  
Company's share of accumulated equity 119,790 128,690  
Basis differential 51,092 51,824  
Deferred fees, net of portion related to the Company's interest 4,264 3,794  
Amounts receivable/payable by the Company 102 396  
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates 175,248 184,704  
Investments carried at cost 4,318 4,554  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 7,797 7,982  
Investments in and advances to unconsolidated affiliates $ 187,363 $ 197,240  
[1] 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 Condensed Consolidated Balance Sheets include the following amounts related to our consolidated VIEs that are consolidated by the Operating Partnership: $1,647.8 million and $1,679.8 million of Operating real estate, net; $30.7 million and $28.9 million of Real estate under development; $73.1 million and $92.8 million of Investments in and advances to unconsolidated affiliates; $81.8 million and $101.7 million of Other assets, net; $2.1 million and $2.1 million of Right-of-use assets - operating leases, net; $35.5 million and $10.8 million of Cash and cash equivalents; $10.2 million and $7.0 million of Restricted cash; $26.5 million and $21.4 million of Rents receivable, net; $800.0 million and $764.6 million of Mortgage and other notes payable, net; $0.0 million and $80.5 million of Unsecured notes payable, net; $124.4 million and $127.2 million of Accounts payable and other liabilities; $2.2 million and $2.2 million of Lease liability- operating leases, net as of September 30, 2024 and December 31, 2023, respectively.
[2] Total assets for the Investment Management segment include $545.3 million and $563.2 million related to Fund II’s City Point property as of September 30, 2024 and 2023, respectively.
[3] Includes cost-method investment in Fifth Wall.