ACADIA REALTY TRUST — Director's Dealing 2020

May 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2020-05-07

Reporting Person: LUSCOMBE WENDY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-07	Common Shares of Beneficial Interest - $.001 Par Value	A	8396	$11.91	Acquired	42939	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, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan.

F2: Includes 612 shares earned under the Company's deferred compensation plan that were not previously reported.