ACADIA REALTY TRUST — Director's Dealing 2009

Feb 12, 2009

SEC Form 4/A — Form 4/A

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2009-01-30

Reporting Person: HOGAN JOSEPH W (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-30	Common Shares of Beneficial Interest - $.001 Par Value	J	1757	$12.58	Acquired	43451	Direct

Footnotes

F1: This is a special dividend, payable in stock, associated with taxable gains arising from the Company's property dispositions in 2008. Pursuant to Rule 16a-9 promulgated under the Securities Exchange Act of 1934, as amended (the "Act"), such issuance is exempt from the provisions of Section 16 of the Act and has been reported voluntarily by the Reporting Person.

F2: This number represents 12,918 unvested, restricted Shares and 30,533 vested Shares.