Acadia Realty Trust Announces Key Promotions and Changes to Management Teams - Seite 2

Lesley Valente has been promoted to Vice President, Human Resources. In her role, she will oversee the Company’s human resources operations and drive its Human Capital Plan. Since joining the Company in 2020, Ms. Valente was most recently promoted to Director, Human Resources in 2021 and sits on the Company’s internal ESG and diversity, equity and inclusion committees.

In addition, the Company announced the recent hiring of Stuart Seeley as Senior Managing Director of Strategy and Public Markets, a new position to oversee investor relations and public capital markets effective January 3, 2023. Mr. Seeley was most recently with Morgan Stanley for 19 years, where he served as Managing Director and his experience spans both buy-side and sell-side roles. “With over 25 years of experience working in capital markets and real estate securities, Stuart’s expertise will enrich our team and enhance our investor communications. We are thrilled to welcome him to Acadia,” stated John Gottfried, Executive Vice President, Chief Financial Officer.

The Company also announced that Amy L. Racanello has resigned as Senior Vice President, Capital Markets and Head of Asset Management, as of February 3, 2023. In connection with her resignation, Amy thanked the Company’s leadership for the opportunities it has provided her over her 15-year career, stating that, “I’m grateful to Ken Bernstein and Acadia for all that I’ve learned over the years. I wish Acadia great success and am looking forward to the next chapter of my career.” Kenneth F. Bernstein, Acadia’s President and CEO, echoed Amy’s sentiments, noting that, “Amy has been a valued member of our management team, and we greatly appreciate her contributions over the past 15 years, especially her leadership of our opportunity fund platform. We wish her great success in the future.” Mr. Bernstein continued, “We have built a deep bench of talent that will continue to operate our fund business seamlessly for the benefit of both our shareholders and third-party investors.”

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit www.acadiarealty.com.