ACADIA REALTY TRUST — Director's Dealing 2011

Feb 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2011-02-22

Reporting Person: Nelsen Michael (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	Common Shares of Beneficial Interest - $.001 Par Value	S	5004	$19.45	Disposed	14002	Direct

Footnotes

F1: These shares were sold in 16 separate sales transactions at a weighted average sales price of $19.45. The actual price at which these shares were sold range from $19.44 to $19.55 per share. Mr. Nelsen 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: These are all vested, unrestricted shares.