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: NAPOLITANO JOSEPH (Sr. Vice President)

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	3250	$16.80	Disposed	8982	Direct

Footnotes

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

F2: This number represents 3,318 vested shares and 5,664 unvested, restricted shares.