ACADIA REALTY TRUST — Director's Dealing 2013

May 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2013-05-15

Reporting Person: LUSCOMBE WENDY W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-15	Common Shares of Beneficial Interest - Equivalent	$	I	2288	Acquired		Comon Shares of Beneficial Interest (2288)	Direct

Footnotes

F1: These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account, pursuant to the Issuer's Deferred Compensation Plan. These Shares shall vest according to the following schedule: one-third shall vest on May 15, 2014, one-third on May 15, 2015 and the remaining third on May 15, 2016.

F2: This number represents only the deferred Shares, owned by Ms. Luscombe.