Acadia Realty Trust Provides Acquisition Update and Will Present at the Citi 2022 Global Property CEO Conference

Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced that the Company completed approximately $124 million of Core acquisitions. The Company will also participate and present at the Citi 2022 Global Property CEO Conference, which will be held on March 6-9, 2022 in Hollywood, FL.

Core Portfolio Acquisitions

The Company recently completed approximately $124 million of Core acquisitions.

Williamsburg Collection, Brooklyn, New York. In February 2022, the Company completed an investment in a collection of 11 retail storefronts and 23 residential units for approximately $100 million on Bedford Avenue in the Williamsburg neighborhood of Brooklyn, New York. Williamsburg has emerged as one of the leading retail submarkets in New York City, fueled by robust tenant expansion and increasing residential density. The asset is leased to a variety of national and specialty tenants, many of which are top producing stores in their chain. Tenants at the property include Sephora, Sweetgreen, Levain Bakery and Alo Yoga, and when combined with adjacent retailers including Apple, Whole Foods and Equinox, create a natural center of gravity for the market.

8833 Beverly Boulevard, West Hollywood, California. In March 2022, the Company, in connection with Osiris Ventures, completed the acquisition of 8833 Beverly Boulevard in the Design District of West Hollywood, California for approximately $24 million expanding its existing footprint in Los Angeles. The property is leased to Luxury Living Group, a leading Italian furniture manufacturer in the luxury lifestyle sector with collections for Fendi Casa, Bentley Home, Trussardi Casa, Paul Mathieu, Bugatti Home, Heritage Collection and Ritz Paris Home Collection. The West Hollywood submarket continues to be desired by design, fashion and restaurant retailers and benefits from high income and supply constrained corridors.

Year to date 2022, the Company has completed approximately $164 million of Core acquisitions.

Citi 2022 Global Property CEO Conference

Acadia will participate in the Citi 2022 Global Property CEO Conference, which will be held on March 6-9, 2022 in Hollywood, FL. Kenneth F. Bernstein, Acadia’s President and Chief Executive Officer, is scheduled to make a company presentation on Monday, March 7, 2022 at 11:15 a.m. ET.

Acadia will also host individual meetings with investors during the conference. The Company’s presentation materials will be posted on its website under “Investors – Presentations & Events.”