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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
 [3]
Segment Reporting Information [Line Items]          
Total revenues $ 87,745 $ 81,392 $ 266,355 $ 253,179  
Depreciation and amortization expenses (34,500) (33,726) (103,721) (100,955)  
General and administrative expenses (10,215) (10,309) (30,162) (30,898)  
Property operating expenses, other operating and real estate taxes (25,538) (26,980) (82,742) (79,183)  
Impairment charges 0 (3,686) 0 (3,686)  
(Loss) gain on disposition of properties 0 0 (441) 0  
Operating income 17,492 6,691 49,289 38,457  
Equity in earnings (losses) of unconsolidated affiliates 11,784 (4,865) 15,952 (6,273)  
Interest income [1] 7,859 5,087 18,510 14,875  
Realized and unrealized holding (losses) gains on investments and other (1,503) 1,664 (5,918) 30,236  
Interest expense (23,363) (24,885) (70,653) (68,561)  
Income (loss) from continuing operations before income taxes 12,269 (16,308) 7,180 8,734  
Income tax provision (15) 40 (201) (248)  
Net income (loss) 12,254 (16,268) 6,979 8,486  
Net loss attributable to redeemable noncontrolling interests 1,672 2,495 6,518 5,661  
Net (income) loss attributable to noncontrolling interests (5,512) 12,347 (371) 7,063  
Net income (loss) attributable to Acadia shareholders 8,414 (1,426) 13,126 21,210  
Real estate at cost [2] 4,459,421 4,375,093 4,459,421 4,375,093  
Total assets 4,276,323 [2],[3] 4,280,778 [2] 4,276,323 [2],[3] 4,280,778 [2] $ 4,291,154
Cash paid for acquisition of real estate     48,855 48,909  
Cash paid for development and property improvement costs     62,399 51,280  
Operating Segments | Core Portfolio          
Segment Reporting Information [Line Items]          
Total revenues 45,575 47,334 148,008 153,506  
Depreciation and amortization expenses (17,788) (18,847) (54,020) (57,541)  
General and administrative expenses 0 0 0 0  
Property operating expenses, other operating and real estate taxes (13,160) (15,553) (45,458) (46,717)  
Impairment charges   0   0  
(Loss) gain on disposition of properties     (2,213)    
Operating income 14,627 12,934 46,317 49,248  
Equity in earnings (losses) of unconsolidated affiliates 781 (825) 3,528 1,897  
Interest income 0 0 0 0  
Realized and unrealized holding (losses) gains on investments and other (1,110) 1,729 (5,128) 5,218  
Interest expense (9,536) (11,388) (29,513) (33,048)  
Income (loss) from continuing operations before income taxes 4,762 2,450 15,204 23,315  
Income tax provision 0 0 0 0  
Net income (loss) 4,762 2,450 15,204 23,315  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests (567) (176) (1,130) (1,813)  
Net income (loss) attributable to Acadia shareholders 4,195 2,274 14,074 21,502  
Real estate at cost [2] 2,648,558 2,639,893 2,648,558 2,639,893  
Total assets [2] 2,547,118 2,596,241 2,547,118 2,596,241  
Cash paid for acquisition of real estate     19,300 0  
Cash paid for development and property improvement costs     36,217 33,599  
Operating Segments | Investment Management          
Segment Reporting Information [Line Items]          
Total revenues 42,170 34,058 118,347 99,673  
Depreciation and amortization expenses (16,712) (14,879) (49,701) (43,414)  
General and administrative expenses 0 0 0 0  
Property operating expenses, other operating and real estate taxes (12,378) (11,427) (37,284) (32,466)  
Impairment charges   (3,686)   (3,686)  
(Loss) gain on disposition of properties     1,772    
Operating income 13,080 4,066 33,134 20,107  
Equity in earnings (losses) of unconsolidated affiliates 11,003 (4,040) 12,424 (8,170)  
Interest income 0 0 0 0  
Realized and unrealized holding (losses) gains on investments and other 0 0 0 24,995  
Interest expense (13,827) (13,497) (41,140) (35,513)  
Income (loss) from continuing operations before income taxes 10,256 (13,471) 4,418 1,419  
Income tax provision 0 0 0 0  
Net income (loss) 10,256 (13,471) 4,418 1,419  
Net loss attributable to redeemable noncontrolling interests 1,672 2,495 6,518 5,661  
Net (income) loss attributable to noncontrolling interests (4,945) 12,523 759 8,876  
Net income (loss) attributable to Acadia shareholders 6,983 1,547 11,695 15,956  
Real estate at cost [2] 1,810,863 1,735,200 1,810,863 1,735,200  
Total assets [2] 1,602,629 1,560,724 1,602,629 1,560,724  
Cash paid for acquisition of real estate     29,555 48,909  
Cash paid for development and property improvement costs     26,182 17,681  
Operating Segments | Structured Financing          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Depreciation and amortization expenses 0 0 0 0  
General and administrative expenses 0 0 0 0  
Property operating expenses, other operating and real estate taxes 0 0 0 0  
Impairment charges   0   0  
(Loss) gain on disposition of properties     0    
Operating income 0 0 0 0  
Equity in earnings (losses) of unconsolidated affiliates 0 0 0 0  
Interest income 7,859 5,087 18,510 14,875  
Realized and unrealized holding (losses) gains on investments and other (393) (65) (790) 23  
Interest expense 0 0 0 0  
Income (loss) from continuing operations before income taxes 7,466 5,022 17,720 14,898  
Income tax provision 0 0 0 0  
Net income (loss) 7,466 5,022 17,720 14,898  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests 0 0 0 0  
Net income (loss) attributable to Acadia shareholders 7,466 5,022 17,720 14,898  
Real estate at cost [2] 0 0 0 0  
Total assets [2] 126,576 123,813 126,576 123,813  
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 expenses 0 0 0 0  
General and administrative expenses (10,215) (10,309) (30,162) (30,898)  
Property operating expenses, other operating and real estate taxes 0 0 0 0  
Impairment charges   0   0  
(Loss) gain on disposition of properties     0    
Operating income (10,215) (10,309) (30,162) (30,898)  
Equity in earnings (losses) of unconsolidated affiliates 0 0 0 0  
Interest income 0 0 0 0  
Realized and unrealized holding (losses) gains on investments and other 0 0 0 0  
Interest expense 0 0 0 0  
Income (loss) from continuing operations before income taxes (10,215) (10,309) (30,162) (30,898)  
Income tax provision (15) 40 (201) (248)  
Net income (loss) (10,230) (10,269) (30,363) (31,146)  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests 0 0 0 0  
Net income (loss) attributable to Acadia shareholders (10,230) (10,269) (30,363) (31,146)  
Real estate at cost [2] 0 0 0 0  
Total assets [2] $ 0 $ 0 0 0  
Cash paid for acquisition of real estate     0 0  
Cash paid for development and property improvement costs     $ 0 $ 0  
[1] Includes interest income on Notes receivable, net, advances to unconsolidated affiliates, and loans to redeemable noncontrolling interests from related parties of $4.8 million and $2.6 million for the three months ended September 30, 2024 and 2023, respectively, and $10.3 million and $7.7 million for the nine months ended September 30, 2024 and 2023, respectively (Note 3, Note 10)
[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] 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.