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Variable Interest Entities - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Parenthetical) (Details) - USD ($) $ in Thousands | Mar. 31, 2025 | Dec. 31, 2024 | Mar. 31, 2024 | [2]
--- | --- | --- | --- | ---
Variable Interest Entity [Line Items] |  |  |  |  |  |
Assets |  | $ 4,735,676 | [1],[2] | $ 4,371,203 | [1] | $ 4,271,782
Liabilities | [1] | 1,947,033 |  | 1,838,931 |  |
VIE |  |  |  |  |  |
Variable Interest Entity [Line Items] |  |  |  |  |  |
Assets | [3] | 2,121,765 |  | 1,881,569 |  |
Liabilities | [3] | 1,031,867 |  | 921,899 |  |
VIE | City Point Brooklyn, NY |  |  |  |  |  |
Variable Interest Entity [Line Items] |  |  |  |  |  |
Maximum borrowing capacity |  | 72,500 |  |  |  |
Assets |  | 692,700 |  | 705,600 |  |
VIE | City Point Brooklyn, NY | Recourse |  |  |  |  |  |
Variable Interest Entity [Line Items] |  |  |  |  |  |
Liabilities |  | $ 234,100 |  | $ 235,100 |  |
[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: $1,855.9 million and $1,640.1 million of Operating real estate, net; $32.3 million and $31.5 million of Real estate under development; $70.3 million and $74.4 million of Investments in and advances to unconsolidated affiliates; $92.2 million and $79.4 million of Other assets, net; $1.9 million and $2.0 million of Right-of-use assets - operating leases, net; $28.4 million and $15.9 million of Cash and cash equivalents; $13.3 million and $11.0 million of Restricted cash; $27.5 million and $27.3 million of Rents receivable, net; $902.3 million and $799.7 million of Mortgage and other notes payable, net; $127.6 million and $120.1 million of Accounts payable and other liabilities; $2.0 million and $2.1 million of Lease liability- operating leases as of March 31, 2025 and December 31, 2024, respectively.
[2] | Total assets for the Investment Management segment includ e $537.4 million and $553.4 million related to Fund II’s City Point property as of March 31, 2025 and 2024, respectively.
[3] | As of March 31, 2025 and December 31, 2024, includes total VIE assets of $692.7 million and $705.6 million, respectively, and total VIE liabilities of $234.1 million and $235.1 million, respectively, related to third-party mortgages that are collateralized by the real estate assets of City Point, a Fund II property, and 27 East 61st Street, 801 Madison Avenue, and 1035 Third Avenue, all Fund IV properties, of which $72.5 million is guaranteed by the Operating Partnership (Note 9). The remaining VIE assets are generally encumbered by third-party non-recourse mortgage debt and are collateral under the respective property mortgage loans and are therefore restricted and can only be used to settle the corresponding liabilities of the VIE. Th e remaining VIE assets may only be used to settle obligations of these consolidated VIEs and the remaining VIE liabilities are only the obligations of these consolidated VIEs and they do not have recourse to the Operating Partnership or the Company.

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