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Acadia Realty Trust Announces Public Offering Price of 3.0 Million Common Share Offering

  Acadia Realty Trust Announces Public Offering Price of 3.0 Million Common
  Share Offering

Business Wire

WHITE PLAINS, N.Y. -- October 26, 2012

Acadia Realty Trust (NYSE: AKR - "Acadia" or the "Company") today announced
that the public offering price for the 3,000,000 shares of beneficial interest
of the Company (“Shares”) previously sold to Barclays, the sole underwriter of
the offering, is $25.20 per share, for total gross proceeds (before deducting
the underwriter’s compensation and other estimated offering expenses) of
approximately $75.6 million. Barclays served as sole underwriter for the
offering. The Company has also granted the underwriter an option to purchase
up to 450,000 additional Shares. The offering was made pursuant to the
Company's effective shelf registration statement and settlement is expected to
occur on or about October 31, 2012.

The Company intends to use the net proceeds from the sale of the Shares
primarily for future acquisitions as well as general corporate purposes.

Barclays is acting as the sole underwriter for the offering. A copy of the
prospectus supplement and prospectus relating to these securities may be
obtained, when available, by contacting Barclays, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone
1-888-603-5847 or by emailing Barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of these securities in any state
or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws
of any such state or other jurisdiction. The offering of these securities will
be made only by means of the prospectus supplement and the accompanying
prospectus.

About Acadia Realty Trust

Acadia Realty Trust, a fully-integrated equity real estate investment trust,
is focused primarily on the ownership, acquisition, redevelopment and
management of high-quality retail properties and urban/infill mixed-use
properties with a strong retail component located primarily in
high-barrier-to-entry, supply constrained, densely-populated metropolitan
areas in the United States along the East Coast and in Chicago. Acadia owns,
or has an ownership interest in, these properties through its core portfolio
and its opportunistic/value-add investment funds.

Certain matters in this press release may constitute forward-looking
statements within the meaning of federal securities law and as such may
involve known and unknown risks, uncertainties and other factors that may
cause the actual results, performances or achievements of Acadia to be
materially different from any future results, performances or achievements
expressed or implied by such forward-looking statements. These forward-looking
statements include statements regarding Acadia’s future financial results and
its ability to capitalize on potential opportunities arising from continued
economic uncertainty. Factors that could cause the Company’s forward-looking
statements to differ from its future results include, but are not limited to,
those discussed under the headings “Risk Factors” and “Management's Discussion
and Analysis of Financial Condition and Results of Operations” in the
Company’s most recent annual report on Form 10-K filed with the SEC on
February 28, 2012 (“Form 10-K”) and other periodic reports filed with the SEC,
including risks related to: (i) the current global financial environment and
its effect on retail tenants; (ii) the Company’s reliance on revenues derived
from major tenants; (iii) the Company’s limited control over joint venture
investments; (iv) the Company’s partnership structure; (v) real estate and the
geographic concentration of our properties; (vi) market interest rates; (vii)
leverage; (viii) liability for environmental matters; (ix) the Company’s
growth strategy; (x) the Company’s status as a REIT; (xi) uninsured losses and
(xii) the loss of key executives. Copies of the Form 10-K and the other
periodic reports Acadia files with the SEC are available on the SEC’s website
at www.sec.gov. Any forward-looking statements in this press release speak
only as of the date hereof. Acadia expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in Acadia's
expectations with regard thereto or change in events, conditions or
circumstances on which any such statement is based.

Contact:

Acadia Realty Trust
Jon Grisham, 914-288-8100