ACADIA REALTY TRUST — Director's Dealing 2011

Jan 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2011-01-06

Reporting Person: MASTERS ROBERT (Sr. VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-06	Common Shares of Beneficial Interest - $.001 Par Value	F	2928	$18	Disposed	34280	Direct

Footnotes

F1: These shares were cancelled to satisfy Mr. Masters' tax obligations which arose from the vesting of certain restricted shares on January 6, 2011.

F2: This number represents a total of 34,280 vested, unrestricted shares.