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Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
 [2]
Segment Reporting Information [Line Items]      
Revenues $ 104,394 $ 91,356  
Depreciation and amortization expenses (39,440) (34,940)  
Property operating expenses (18,280) (19,096)  
Real estate taxes (13,303) (12,346)  
General and administrative expenses (11,597) (9,768)  
(Loss) gain on disposition of properties 0 (1,198)  
Impairment charges (6,450) 0  
Operating income 15,324 14,008  
Interest income 6,096 5,238  
Equity in earnings (losses) of unconsolidated affiliates (1,713) (312)  
Interest expense (23,247) (23,709)  
Loss on change in control (9,622) 0  
Realized and unrealized holding (losses) gains on investments and other 1,621 (2,051)  
Income tax provision (116) (31)  
Net income (loss) (11,657) (6,857)  
Net loss attributable to redeemable noncontrolling interests 1,669 2,554  
Net (income) loss attributable to noncontrolling interests 11,596 7,572  
Net income attributable to Acadia shareholders 1,608 3,269  
Real estate at cost [1] 4,991,607 4,451,020  
Total assets 4,735,676 [1],[2] 4,271,782 [1] $ 4,371,203
Cash paid for acquisition of real estate 192,222 0  
Cash paid for development and property improvement costs 19,610 12,775  
Rental Income      
Segment Reporting Information [Line Items]      
Revenues 102,640 86,037  
Other      
Segment Reporting Information [Line Items]      
Revenues 1,754 5,319  
Operating Segments | Core Portfolio      
Segment Reporting Information [Line Items]      
Depreciation and amortization expenses (23,684) (18,267)  
Property operating expenses (9,553) (9,732)  
Real estate taxes (8,958) (8,187)  
General and administrative expenses 0 0  
(Loss) gain on disposition of properties   0  
Impairment charges 0    
Operating income 22,261 17,352  
Interest income 0 0  
Equity in earnings (losses) of unconsolidated affiliates 313 2,107  
Interest expense (9,379) (10,037)  
Loss on change in control (9,622)    
Realized and unrealized holding (losses) gains on investments and other 1,785 (1,862)  
Income tax provision 0 0  
Net income (loss) 5,358 7,560  
Net loss attributable to redeemable noncontrolling interests 0 0  
Net (income) loss attributable to noncontrolling interests 209 (366)  
Net income attributable to Acadia shareholders 5,567 7,194  
Real estate at cost [1] 3,113,954 2,652,732  
Total assets [1] 2,978,291 2,564,745  
Cash paid for acquisition of real estate 124,427    
Cash paid for development and property improvement costs 5,912 8,079  
Operating Segments | Core Portfolio | Rental Income      
Segment Reporting Information [Line Items]      
Revenues 63,774 48,783  
Operating Segments | Core Portfolio | Other      
Segment Reporting Information [Line Items]      
Revenues 682 4,755  
Operating Segments | Investment Management      
Segment Reporting Information [Line Items]      
Depreciation and amortization expenses (15,756) (16,673)  
Property operating expenses (8,727) (9,364)  
Real estate taxes (4,345) (4,159)  
General and administrative expenses 0 0  
(Loss) gain on disposition of properties   (1,198)  
Impairment charges (6,450)    
Operating income 4,660 6,424  
Interest income 0 0  
Equity in earnings (losses) of unconsolidated affiliates (2,026) (2,419)  
Interest expense (13,868) (13,672)  
Loss on change in control 0    
Realized and unrealized holding (losses) gains on investments and other 0 0  
Income tax provision 0 0  
Net income (loss) (11,234) (9,667)  
Net loss attributable to redeemable noncontrolling interests 1,669 2,554  
Net (income) loss attributable to noncontrolling interests 11,387 7,938  
Net income attributable to Acadia shareholders 1,822 825  
Real estate at cost [1] 1,877,653 1,798,288  
Total assets [1] 1,631,684 1,588,160  
Cash paid for acquisition of real estate 67,795    
Cash paid for development and property improvement costs 13,698 4,696  
Operating Segments | Investment Management | Rental Income      
Segment Reporting Information [Line Items]      
Revenues 38,866 37,254  
Operating Segments | Investment Management | Other      
Segment Reporting Information [Line Items]      
Revenues 1,072 564  
Operating Segments | Structured Financing      
Segment Reporting Information [Line Items]      
Depreciation and amortization expenses 0 0  
Property operating expenses 0 0  
Real estate taxes 0 0  
General and administrative expenses 0 0  
(Loss) gain on disposition of properties   0  
Impairment charges 0    
Operating income 0 0  
Interest income 6,096 5,238  
Equity in earnings (losses) of unconsolidated affiliates 0 0  
Interest expense 0 0  
Loss on change in control 0    
Realized and unrealized holding (losses) gains on investments and other (164) (189)  
Income tax provision 0 0  
Net income (loss) 5,932 5,049  
Net loss attributable to redeemable noncontrolling interests 0 0  
Net (income) loss attributable to noncontrolling interests 0 0  
Net income attributable to Acadia shareholders 5,932 5,049  
Real estate at cost [1] 0 0  
Total assets [1] 125,701 118,877  
Cash paid for acquisition of real estate 0    
Cash paid for development and property improvement costs 0 0  
Operating Segments | Structured Financing | Rental Income      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Operating Segments | Structured Financing | Other      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Unallocated      
Segment Reporting Information [Line Items]      
Depreciation and amortization expenses 0 0  
Property operating expenses 0 0  
Real estate taxes 0 0  
General and administrative expenses (11,597) (9,768)  
(Loss) gain on disposition of properties   0  
Impairment charges 0    
Operating income (11,597) (9,768)  
Interest income 0 0  
Equity in earnings (losses) of unconsolidated affiliates 0 0  
Interest expense 0 0  
Loss on change in control 0    
Realized and unrealized holding (losses) gains on investments and other 0 0  
Income tax provision (116) (31)  
Net income (loss) (11,713) (9,799)  
Net loss attributable to redeemable noncontrolling interests 0 0  
Net (income) loss attributable to noncontrolling interests 0 0  
Net income attributable to Acadia shareholders (11,713) (9,799)  
Real estate at cost [1] 0 0  
Total assets [1] 0 0  
Cash paid for acquisition of real estate 0    
Cash paid for development and property improvement costs 0 0  
Unallocated | Rental Income      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Unallocated | Other      
Segment Reporting Information [Line Items]      
Revenues $ 0 $ 0  
[1] 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.
[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 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.