ACADIA REALTY TRUST — Director's Dealing 2013

Mar 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2013-03-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-06	Common Shares of Beneficial Interest - $.001 Par Value	S	10000	$27.794	Disposed	11000	Direct

Footnotes

F1: These shares were sold in seven separate sales transactions at a weighted average sales price of $27.79422. The actual price at which these shares were sold range from $27.79 to $27.80 per share. Mr. Masters 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: This number represents the total number of common shares held by Mr. Masters. All shares are vested.