ACADIA REALTY TRUST — Director's Dealing 2018

May 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2018-05-10

Reporting Person: LUSCOMBE WENDY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-10	Common Shares of Beneficial Interest - $.001 Par Value	A	3391	$23.59	Acquired	42402	Direct

Footnotes

F1: This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule: one-third shall vest on May 9, 2019, one-third shall vest on May 9, 2020 and the remaining third shall vest on May 9, 2021.

F2: This number represents the total number of shares held by Ms. Luscombe at this time, including 29,975 which have been deferred.