ACADIA REALTY TRUST — Director's Dealing 2009

Aug 10, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2009-08-07

Reporting Person: BRAUN JOEL L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-07	Common Shares of Beneficial Interest - $.001 Par Value	S	47136	$15.9237	Disposed	61204	Direct

Footnotes

F1: These shares were sold in 51 separate sale transactions at a weighted average sale price of $15.9237. The actual price at which these shares were sold range from $15.65 to $16.18 per share. Mr. Braun will provide, upon request by the Security and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

F2: This number represents 2,109 vested Shares and 59,095 unvested, Restricted Shares.