AKR

SEC source: 0000899629-18-000050 · wf-form4_152719575963421.xml · derivative · entry 2

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 107,506

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 19,200 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F3 · balance_after: This number represents the total number of LTIP Units now held by Mr. Conlon.

SEC source: 0000899629-18-000050 · wf-form4_152719575963421.xml · nonDerivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,200

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: This number represents the total number of Common Shares held by Mr. Conlon at this time.

SEC source: 0000899629-18-000046 · wf-form4_152598535309757.xml · nonDerivative · entry 1

Spitz William T. · CIK 0001411029 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,379

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These 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, pursuant to the Trust Compensation Plan.

F2 · balance_after: This number represents the total number of Common Shares now held by Mr. Spitz.

SEC source: 0000899629-18-000044 · wf-form4_152598523092923.xml · nonDerivative · entry 2

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,287

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These 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, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of Common Shares now held by Mr. Crocker.

SEC source: 0000899629-18-000044 · wf-form4_152598523092923.xml · nonDerivative · entry 1

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,896

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Crocker's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2018.

SEC source: 0000899629-18-000042 · wf-form4_152598513768906.xml · derivative · entry 2

ZOBA C DAVID · CIK 0001223605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,584

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 3,391 shares

Expires not disclosed

F2 · derivative.exercise_price: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F2 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F2 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of LTIP Units now held by Mr. Zoba.

SEC source: 0000899629-18-000042 · wf-form4_152598513768906.xml · derivative · entry 1

ZOBA C DAVID · CIK 0001223605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,193

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 3,062 shares

Expires not disclosed

F1 · derivative.exercise_price: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F1 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F1 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

SEC source: 0000899629-18-000040 · wf-form4_152598507424125.xml · derivative · entry 2

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,903

Underlying: Common Shares of Beneficial Interest · 3,391 shares

Expires not disclosed

F2 · derivative.exercise_price: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F2 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F2 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of LTIP Units now held by Mr. Kellar.

SEC source: 0000899629-18-000040 · wf-form4_152598507424125.xml · derivative · entry 1

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,512

Underlying: Common Shares of Beneficial Interest · 4,004 shares

Expires not disclosed

F1 · derivative.exercise_price: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F1 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F1 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

SEC source: 0000899629-18-000038 · wf-form4_152598500685236.xml · nonDerivative · entry 2

THURBER LYNN C · CIK 0001042559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,723

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These 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, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of Common Shares now held by Ms. Thurber.

SEC source: 0000899629-18-000038 · wf-form4_152598500685236.xml · nonDerivative · entry 1

THURBER LYNN C · CIK 0001042559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,332

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2019.

SEC source: 0000899629-18-000036 · wf-form4_152598483855613.xml · derivative · entry 3

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,580

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 1,696 shares

Expires not disclosed

F4 · derivative.exercise_price: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F4 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F4 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F4 · derivative.underlying: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, pursuant to the Trust Compensation Plan.

F5 · balance_after: This number represents the total number of LTIP Units now held by Mr. Wielansky.

SEC source: 0000899629-18-000036 · wf-form4_152598483855613.xml · derivative · entry 2

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,884

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 1,884 shares

Expires not disclosed

F3 · derivative.exercise_price: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Wielansky's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F3 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Wielansky's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F3 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Wielansky's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

F3 · derivative.underlying: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Wielansky's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2019.

SEC source: 0000899629-18-000036 · wf-form4_152598483855613.xml · nonDerivative · entry 1

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,611

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These 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, pursuant to the Trust Compensation Plan.

F2 · balance_after: This number represents the total number of Common Shares now held by Mr. Wielansky.

SEC source: 0000899629-18-000034 · wf-form4_152598474994340.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,402

F1 · shares: 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 · balance_after: This number represents the total number of shares held by Ms. Luscombe at this time, including 29,975 which have been deferred.

SEC source: 0000899629-18-000024 · wf-form4_152037173722759.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,617

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 14,626 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0000899629-18-000024 · wf-form4_152037173722759.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

F2 · price: These shares were sold in 9 separate sales transactions at a weighted average price of $25.26. The actual price at which these shares were sold range from $25.25 to $25.35 per share. Mr. Napolitano 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.

SEC source: 0000899629-18-000024 · wf-form4_152037173722759.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,744

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · acquired: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0000899629-18-000022 · wf-form4_151985689241075.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 149,243

F1 · shares: On February 26, 2018, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 20,856 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Napolitano continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Napolitano and reflects an adjustment to the total LTIP Units previously reported as beneficially owned by Mr. Napolitano.

SEC source: 0000899629-18-000020 · wf-form4_151985682014404.xml · nonDerivative · entry 1

Hartmann Richard · CIK 0001538817 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,677

F1 · shares: On February 26, 2018, Mr. Hartmann was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 10,709 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Hartmann continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Hartmann and reflects an adjustment to the total LTIP Units previously reported as beneficially owned by Mr. Hartmann.

SEC source: 0000899629-18-000018 · wf-form4_151985663733269.xml · nonDerivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 126,706

F1 · shares: On February 26, 2018, Mr. Conlon was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 23,368 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Conlon continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Conlon.

SEC source: 0000899629-18-000016 · wf-form4_151985643414463.xml · nonDerivative · entry 1

Blacksberg Jason · CIK 0001608055 · Sr. V.P. and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,492

F1 · shares: On February 26, 2018, Mr. Blacksberg was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 20,594 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Blacksberg continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Blacksberg.

SEC source: 0000899629-18-000014 · wf-form4_151985589974213.xml · nonDerivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,231,729

F1 · shares: On February 26, 2018, Mr. Bernstein was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 109,729 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Bernstein continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Bernstein.

SEC source: 0000899629-18-000012 · wf-form4_151985573951072.xml · nonDerivative · entry 1

Gottfried John J. · CIK 0001678486 · Senior Vice President/CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,757

F1 · shares: On February 26, 2018, Mr. Gottfried was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 25,067 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Gottfried.

SEC source: 0000899629-18-000010 · wf-form4_151985564001132.xml · nonDerivative · entry 1

BRAUN JOEL L · CIK 0001218906 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 201,697

F1 · shares: On February 26, 2018, Mr. Braun was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 31,482 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Braun continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Braun and reflects an adjustment to the total LTIP Units previously reported as beneficially owned by Mr. Braun.

SEC source: 0000899629-17-000065 · wf-form4_149755876504433.xml · derivative · entry 4

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 10,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F5 · balance_after: This number represents the total number of OP Units held by Mr. Conlon following the conversion of 10,000 OP Units into an equal number of Common Shares, as reported in this Form 4.

SEC source: 0000899629-17-000065 · wf-form4_149755876504433.xml · derivative · entry 3

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

Underlying: Common Shares · 10,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F4 · balance_after: This number represents the total number of OP Units held by Mr. Conlon following the conversion of 10,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.

SEC source: 0000899629-17-000065 · wf-form4_149755876504433.xml · derivative · entry 2

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 103,338

Underlying: Operating Partnership Units · 10,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F3 · balance_after: This number represents the total number of LTIP Units (3,086 vested and 100,252 unvested) held by Mr. Conlon following the conversion of 10,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.

SEC source: 0000899629-17-000065 · wf-form4_149755876504433.xml · nonDerivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: This number represents the total number of Common Shares (all vested) held by Mr. Conlon at this time.

SEC source: 0000899629-17-000063 · wf-form4_149461767317356.xml · nonDerivative · entry 2

ZOBA C DAVID · CIK 0001223605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,131

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2020, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of LTIP Units (5,255 vested and 7,876 unvested) now held by Mr. Zoba.

SEC source: 0000899629-17-000063 · wf-form4_149461767317356.xml · nonDerivative · entry 1

ZOBA C DAVID · CIK 0001223605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,481

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2018.

SEC source: 0000899629-17-000062 · wf-form4_149461760972336.xml · nonDerivative · entry 2

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,915

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2020, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of Common Shares (35,268 vested and 8,647 unvested) now held by Mr. Wielansky.

SEC source: 0000899629-17-000062 · wf-form4_149461760972336.xml · nonDerivative · entry 1

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,265

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Wielansky's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2018.

SEC source: 0000899629-17-000061 · wf-form4_149461750259117.xml · nonDerivative · entry 2

THURBER LYNN C · CIK 0001042559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,270

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2020, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of Common Shares (3,397 vested and 6,873 unvested) now held by Ms. Thurber.

SEC source: 0000899629-17-000061 · wf-form4_149461750259117.xml · nonDerivative · entry 1

THURBER LYNN C · CIK 0001042559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,620

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2018.

SEC source: 0000899629-17-000060 · wf-form4_149461745474043.xml · nonDerivative · entry 1

Spitz William T. · CIK 0001411029 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,988

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2020, pursuant to the Trust Compensation Plan.

F2 · balance_after: This number represents the total number of Common Shares (32,269 vested and 6,719 unvested) now held by Mr. Spitz.

SEC source: 0000899629-17-000059 · wf-form4_149461739893365.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,961

F1 · shares: 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, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2019.

F2 · balance_after: This number represents the total number of shares held by Ms. Luscombe at this time (30,242 vested shares and 6,719 unvested shares) including 25,394 which have been deferred.

SEC source: 0000899629-17-000058 · wf-form4_149461734987152.xml · nonDerivative · entry 2

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,508

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2020, pursuant to the Trust Compensation Plan.

F3 · balance_after: This number represents the total number of LTIP Units (7,450 vested and 9,058 unvested) now held by Mr. Kellar.

SEC source: 0000899629-17-000058 · wf-form4_149461734987152.xml · nonDerivative · entry 1

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,858

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2018.

SEC source: 0000899629-17-000057 · wf-form4_149461729229301.xml · nonDerivative · entry 3

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,407

F4 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Crocker's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount. These LTIP Units represent the stock equivalent for Trustee fees credited to Mr. Crocker's deferred account pursuant to the Issuer's Deferred Compensation Plan. These deferred LTIP Units shall vest on May 9, 2018.

F5 · balance_after: This number represents the total number of LTIP Units (3,730 vested and 677 unvested) held by Mr. Crocker at this time, including 1,506 which have been deferred.

SEC source: 0000899629-17-000057 · wf-form4_149461729229301.xml · nonDerivative · entry 2

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,776

F2 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Mr. Crocker'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, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2019.

F3 · balance_after: This number represents the total number of Common Shares (32,881 vested and 8,895 unvested) held by Mr. Crocker at this time, including 8,879 which have been deferred.

SEC source: 0000899629-17-000057 · wf-form4_149461729229301.xml · nonDerivative · entry 1

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,126

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Crocker's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These shares represent the stock equivalent for Trustee fees credited to Mr. Crocker's deferred account pursuant to the Issuer's Deferred Compensation Plan. These deferred shares shall vest on May 9, 2018.

SEC source: 0000899629-17-000053 · wf-form4_149427606565748.xml · nonDerivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 341,763

F1 · price: These shares were purchased in 2 separate transactions at a weighted average purchase price of $28.217. The actual price at which these shares were purchased range from $28.21 to $28.218 per share. Mr. Bernstein 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 purchased at each separate price.

F2 · balance_after: This number represents the total number of Common Shares (all vested) held by Mr. Bernstein at this time.

SEC source: 0000899629-17-000051 · wf-form4_149393562753749.xml · nonDerivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 341,063

F1 · price: These shares were purchased in 2 separate transactions at a weighted average purchase price of $28.5032. The actual price at which these shares were purchased range from $28.41 to $28.60 per share. Mr. Bernstein 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 purchased at each separate price.

F2 · balance_after: This number represents the total number of Common Shares (all vested) held by Mr. Bernstein at this time.

SEC source: 0000899629-17-000037 · wf-form4_148977105185840.xml · nonDerivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · price: These shares were sold in 5 separate sales transactions at a weighted average sales price of $31.0415. The actual price at which these shares were sold range from $31.04 to $31.05 per share. Mr. Conlon 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 · balance_after: This number represents the total number of Common Shares held by Mr. Conlon at this time.

SEC source: 0000899629-17-000035 · wf-form4_148969512898080.xml · nonDerivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,500

F1 · price: These shares were sold in 6 separate sales transactions at a weighted average sales price of $31.1925. The actual price at which these shares were sold range from $31.17 to $31.23 per share. Mr. Conlon 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 · balance_after: This number represents the total number of Common Shares (all vested) held by Mr. Conlon at this time.

SEC source: 0000899629-17-000033 · wf-form4_148943738819614.xml · derivative · entry 4

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 15,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F5 · balance_after: This number represents the total number of OP Units held by Mr. Conlon following the conversion of 15,000 OP Units into an equal number of Common Shares, as reported in this Form 4.

SEC source: 0000899629-17-000033 · wf-form4_148943738819614.xml · derivative · entry 3

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Underlying: Operating Partnership Units · 15,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F4 · balance_after: This number represents the total number of OP Units held by Mr. Conlon following the conversion of 15,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.

SEC source: 0000899629-17-000033 · wf-form4_148943738819614.xml · derivative · entry 2

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,338

Underlying: Operating Partnership Units · 15,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F3 · balance_after: This number represents the total number of LTIP Units (13,084 vested and 100,254 unvested) held by Mr. Conlon following the conversion of 15,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.

SEC source: 0000899629-17-000033 · wf-form4_148943738819614.xml · nonDerivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: This number represents the total number of Common Shares (all vested) held by Mr. Conlon at this time.