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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
 [2]
Combined and Condensed Balance Sheets      
Other assets $ 236,985 $ 223,767  
Total assets 4,735,676 [1],[2] 4,371,203 [1] $ 4,271,782
Total liabilities, redeemable noncontrolling interests, and equity 4,735,676 4,371,203  
Investments carried at cost [3] 3,971 4,540  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 16,878 16,514  
Investments in and advances to unconsolidated affiliates 177,969 209,232  
Unconsolidated Affiliates      
Combined and Condensed Balance Sheets      
Rental property, net 940,652 1,016,229  
Other assets 139,686 162,713  
Total assets 1,080,338 1,178,942  
Mortgage notes payable 658,288 815,045  
Other liabilities 133,015 140,743  
Partners’ equity 289,035 223,154  
Total liabilities, redeemable noncontrolling interests, and equity 1,080,338 1,178,942  
Company's share of accumulated equity 142,566 131,793  
Basis differential 9,154 50,851  
Deferred fees, net of portion related to the Company's interest 4,697 5,400  
Amounts receivable/payable by the Company 757 446  
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates 157,174 188,490  
Investments carried at cost 3,917 4,228  
Company's share of distributions in excess of income from and investments in unconsolidated affiliates 16,878 16,514  
Investments in and advances to unconsolidated affiliates $ 177,969 $ 209,232  
[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 include $537.4 million and $553.4 million related to Fund II’s City Point property as of March 31, 2025 and 2024, respectively.
[3] Includes cost-method investment in Fifth Wall. The Company recorded an impairment charge of $0.1 million for the three months ended March 31, 2025, which is included in Realized and unrealized holding gains (losses) on investments and other in the Company’s condensed consolidated Statements of Operations.