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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
899629	Acadia Realty Trust	AKR	Real Estate Investment Trusts (6798)	232715194

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1219735	F Kenneth Bernstein	C/O Acadia Realty Trust 1311 Mamaroneck Avenue, Suite 260 White Plains NY 10605	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares Of Beneficial Interest - $.001 Par Value	Acquisiton	2012-11-27	50,000	$0.00	520,471	No	4	C	Direct
Common Shares Of Beneficial Interest - $.001 Par Value	Disposition	2012-11-27	25,000	$25.01	495,471	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Operating Partnership Units	Disposition	2012-11-27	50,000	$0.00	50,000	$1.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
193,558			No	4	C	Direct

Footnotes

These operating partnership units ("OP Units") of Acadia Realty Limited Partnership represent a portion of the OP Units that were granted to Mr. Bernstein on August 12, 1998. The OP Units are exchangeable on a 1:1 basis for common shares of beneficial interest in Acadia Realty Trust. There is no expiration date for the conversion of OP Units.
These shares were sold in connection with Mr. Bernstein's year-end tax planning in five separate sales transactions at a weighted average sales price of $25.0108. The actual price at which these shares were sold range from $25.00 to $25.04 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 sold at each separate price.
This number represents the total number of OP Units held by Mr. Bernstein following the conversion of 50,000 OP Units into an equal number of Common Shares as reported in this Form 4.