ACADIA REALTY TRUST — Director's Dealing 2010

Sep 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2010-09-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-14	Common Shares of Beneficial Interest - $.001 Par Value	S	20000	$19.00	Disposed	37208	Direct

Footnotes

F1: These shares were sold in 11 separate sales transactions at a weighted average sales price of $19.00168. The actual price at which these shares were sold range from $19.00 to $19.041 per share. Mr. Masters will provide, upon request by the Securities 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 31,164 vested shares and 6,044 unvested shares.