ACADIA REALTY TRUST — Director's Dealing 2011

Feb 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2011-02-28

Reporting Person: Grisham Jonathan William (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Common Shares of Beneficial Interest - $.001 Par Value	S	1600	$19.78	Disposed	22880	Direct
2011-02-28	Common Shares of Beneficial Interest - $.001 Par Value	S	400	$19.77	Disposed	22480	Direct

Footnotes

F1: This number represents all vested, unrestricted Shares.