ACADIA REALTY TRUST — Director's Dealing 2009

Feb 5, 2009

SEC Form 4/A — Form 4/A

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

Reporting Person: MASTERS ROBERT (Sr. VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-30	Common Shares of Beneficial Interest - $.001 Par Value	P	2244	$12.58	Acquired	61944	Direct

Footnotes

F1: This is a special dividend, payable in stock, associated with taxable gains arising from the Company's property dispositions in 2008.

F2: This number represents 15,847 unvested, restricted Shares and 46,097 vested Shares.