ACADIA REALTY TRUST — Director's Dealing 2011

Apr 29, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2011-03-03

Reporting Person: Conlon Christopher (Senior Vice President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Limited Partnership Units	$		Common Shares of Beneficial Interest (72022)		Direct

Footnotes

F1: Mr. Conlon was awarded these restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) over a period of three years, prior to the time he became a Section 16 Reporting Person (March 3, 2011).

F2: This number represents 582 vested LTIPs and 71,440 unvested, restricted LTIPs.