ACADIA REALTY TRUST — Director's Dealing 2010

Jan 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2010-01-06

Reporting Person: Nelsen Michael (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-06	Common Shares of Beneficial Interest - $.001 Par Value	F	2817	$16.80	Disposed	21188	Direct

Footnotes

F1: These shares were cancelled to satisfy Mr. Nelsen's tax obligations which arose from the vesting of certain restricted shares on January 6, 2010.

F2: This number represents 16,799 vested shares and 4,389 restricted, unvested shares.