ACADIA REALTY TRUST (NYSE:AKR) Files An 8-K Other Events

Item 8.01.Other Events.

As previously reported, on July 5, 2016, Acadia Realty Trust (the
Trust), and Acadia Realty Limited Partnership (the Partnership
and together with the Trust, the Company) entered into an ATM
Equity Offering Sales Agreement (the Base Sales Agreement) with
each of Merrill Lynch, Pierce, Fenner Smith Incorporated,
Barclays Capital Inc., Wells Fargo Securities, LLC, Goldman Sachs
Co. LLC, Citigroup Global Markets Inc. and Jefferies LLC, which
will act as sales agents (the Sales Agents) to sell, from time to
time, the Companys common shares of beneficial interest, par
value $0.001 per share (Common Shares), having an aggregate sale
price of up to $250,000,000, through an at the market equity
offering program (the ATM). The Common Shares were initially
issued to the Companys shelf registration statement on Form S-3
ASR (File No. 333-195665).

On May 2, 2017, the Trust filed a new shelf registration
statement (the New Shelf) on Form S-3 ASR (File No. 333-217594),
and a new prospectus supplement, dated May 2, 2017, with the
Securities and Exchange Commission in connection with the offer
and sale of the remaining Common Shares being sold under the ATM
to the New Shelf (the New Prospectus Supplement).

On May 2, 2017, the Sales Agents and the Company entered into an
Amendment No. 1 to the Base Sales Agreement (Amendment No. 1, and
together with the Base Sales Agreement, the Sales Agreement),
which modifies certain defined terms in the Base Sales Agreement
to properly reflect and reference the New Shelf and the New
Prospectus Supplement. A copy of the Amendment No. 1 is attached
hereto as Exhibit 1.2 and is incorporated herein by reference.

On May 2, 2017, Venable LLP delivered its legality opinion with
respect to the Common Shares to be issued to the Sales Agreement.
A copy of the legality opinion is attached hereto as Exhibit 5.1
and is incorporated herein by reference.

Item 9.01.Financial Statements, Pro Forma Financial
Information and Exhibits.

About ACADIA REALTY TRUST (NYSE:AKR)

Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States. The Company’s segments include Core Portfolio, Funds and Structured Financing. The Company conducts its operations through Acadia Realty Limited Partnership. The Company’s Core Portfolio consists primarily of street retail and urban assets, as well as suburban properties located in various trade areas. The Company also makes investments in first mortgages, preferred equity and other notes receivable collateralized by real estate. The Company’s Core Portfolio includes approximately 90 operating properties, totaling over 5.6 million square feet of gross leasable area (GLA). The Company’s properties, which primarily consist of street retail and dense suburban shopping centers, are located in approximately 10 states of the United States and the District of Columbia.

ACADIA REALTY TRUST (NYSE:AKR) Recent Trading Information

ACADIA REALTY TRUST (NYSE:AKR) closed its last trading session up +0.15 at 28.75 with 437,894 shares trading hands.