Acadia Realty Trust (AKR) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022
Cover [Abstract]
Entity Registrant Name	ACADIA REALTY TRUST
Entity Central Index Key	0000899629
Current Fiscal Year End Date	--12-31
Trading Symbol	AKR
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		94,956,716
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-12002
Entity Tax Identification Number	23-2715194
Entity Address, Address Line One	411 THEODORE FREMD AVENUE
Entity Address, Address Line Two	SUITE 300
Entity Address, City or Town	RYE
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10580
City Area Code	914
Local Phone Number	288-8100
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common shares of beneficial interest, par value $0.001 per share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	MD

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2022		Dec. 31, 2021
ASSETS
Operating real estate, net		$ 3,374,453		$ 3,219,373
Real estate under development		186,360		203,773
Net investments in real estate		3,560,813		3,423,146
Notes receivable, net		123,966		153,886
Investments in and advances to unconsolidated affiliates		317,422		322,326
Other assets, net		234,558		186,509
Right-of-use assets - operating leases, net		38,158		40,743
Cash and cash equivalents		18,068		17,746
Restricted cash		12,635		9,813
Rents receivable, net		46,821		43,625
Assets of properties held for sale		11,057		63,952
Total VIE assets	[2]	4,363,498	[1]	4,261,746
LIABILITIES
Mortgage and other notes payable, net		945,235		1,140,293
Unsecured notes payable, net		694,310		559,040
Unsecured line of credit		178,287		112,905
Accounts payable and other liabilities		201,033		236,415
Lease liability - operating leases, net		36,157		38,759
Dividends and distributions payable		18,393		14,460
Distributions in excess of income from, and investments in, unconsolidated affiliates		8,880		9,939
Total VIE liabilities	[2]	2,082,295		2,111,811
Commitments and contingencies
Redeemable noncontrolling interests		72,352		0
Acadia Shareholders' Equity
Common shares, $0.001 par value, authorized 200,000,000 shares, issued and outstanding 94,951,297 and 89,303,545 shares, respectively		95		89
Additional paid-in capital		1,940,033		1,754,383
Accumulated other comprehensive income (loss)		49,684		(36,214)
Distributions in excess of accumulated earnings		(287,262)		(196,645)
Total Acadia shareholders’ equity		1,702,550		1,521,613
Noncontrolling interests		506,301		628,322
Total equity		2,208,851		2,149,935
Total liabilities and equity		$ 4,363,498		$ 4,261,746
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Sep. 30, 2022		Dec. 31, 2021
Common shares, par value (in dollars per share)		$ 0.001		$ 0.001
Common shares, authorized (in shares)		200,000,000		200,000,000
Common shares, issued (in shares)		94,951,297		89,303,545
Common shares, outstanding (in shares)		94,951,297		89,303,545
Total assets	[2]	$ 4,363,498	[1]	$ 4,261,746
Total liabilities	[2]	2,082,295		2,111,811
VIE
Total assets		1,987,023		1,978,555
Total liabilities		$ 918,090		$ 1,210,162
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues	$ 79,946	$ 71,896	$ 245,712	$ 213,140
Operating expenses
Depreciation and amortization	33,744	30,064	102,428	91,244
General and administrative	10,170	9,910	32,768	29,555
Real estate taxes	11,749	11,028	34,657	34,448
Property operating	13,810	12,443	40,727	38,288
Impairment charges	33,311	9,925	33,311	9,925
Total operating expenses	102,784	73,370	243,891	203,460
Gain on disposition of properties	8,885	0	49,916	10,521
Operating (loss) income	(13,953)	(1,474)	51,737	20,201
Equity in (losses) earnings of unconsolidated affiliates	(50,579)	372	(46,169)	3,153
Interest and other income	3,994	2,354	9,890	6,108
Realized and unrealized holding (losses) gains on investments and other	(7,862)	46,493	(18,415)	53,460
Interest expense	(21,162)	(16,614)	(58,309)	(50,302)
(Loss) Income from continuing operations before income taxes	(89,562)	31,131	(61,266)	32,620
Income tax benefit (provision)	17	(59)	(7)	(399)
Net (loss) income	(89,545)	31,072	(61,273)	32,221
Net loss attributable to redeemable noncontrolling interests	3,193	0	3,193	0
Net loss (income) attributable to noncontrolling interests	30,461	(19,065)	18,653	(11,686)
Net loss attributable to Acadia	$ (55,891)	$ 12,007	$ (39,427)	$ 20,535
Basic (loss) income per share	$ (0.59)	$ 0.13	$ (0.42)	$ 0.23
Diluted (loss) income per share	$ (0.61)	$ 0.13	$ (0.43)	$ 0.23
Rental Income
Revenues	$ 78,453	$ 70,302	$ 238,479	$ 208,369
Other
Revenues	$ 1,493	$ 1,594	$ 7,233	$ 4,771

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (89,545)	$ 31,072	$ (61,273)	$ 32,221
Other comprehensive income :
Unrealized gain on valuation of swap agreements	44,114	1,048	96,899	24,535
Reclassification of realized interest on swap agreements	1,518	5,476	10,778	16,016
Other comprehensive income	45,632	6,524	107,677	40,551
Comprehensive (loss) income	(43,913)	37,596	46,404	72,772
Comprehensive loss (income) attributable to redeemable noncontrolling interests	3,193	0	3,193	0
Comprehensive loss (income) attributable to noncontrolling interests	23,273	(20,849)	(3,126)	(20,515)
Comprehensive (loss) income attributable to Acadia	$ (17,447)	$ 16,747	$ 46,471	$ 52,257

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Distributions in Excess of Accumulated Earnings	Total Common Shareholders' Equity	Noncontrolling Interests		Redeemable Non Controlling Interests
Balance at Dec. 31, 2020	$ 2,050,204	$ 86	$ 1,683,165	$ (74,891)	$ (167,321)	$ 1,441,039	$ 609,165
Balance (in Shares) at Dec. 31, 2020		86,269
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership			697			697	(697)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)		44
Cancellation of OP Units	(479)						(479)	[1]
Issuance of Common Shares	45,865	$ 2	45,863			45,865
Issuance of Common Shares (in Shares)		2,085
Dividends/distributions declared	(42,622)				(39,476)	(39,476)	(3,146)
Employee and trustee stock compensation, net	9,780		914			914	8,866
Employee and trustee stock compensation, net (in Shares)		54
Noncontrolling interest distributions	(20,158)						(20,158)
Noncontrolling interest contributions	26,627						26,627
Comprehensive income (loss)	72,772			31,722	20,535	52,257	20,515
Comprehensive income (loss)	72,772
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	0
Reallocation of noncontrolling interests			2,809			2,809	(2,809)	[2]
Balance at Sep. 30, 2021	2,141,989	$ 88	1,733,448	(43,169)	(186,262)	1,504,105	637,884
Balance (in Shares) at Sep. 30, 2021		88,452
Balance at Dec. 31, 2020	2,050,204	$ 86	1,683,165	(74,891)	(167,321)	1,441,039	609,165
Balance (in Shares) at Dec. 31, 2020		86,269
Balance at Dec. 31, 2021	2,149,935	$ 89	1,754,383	(36,214)	(196,645)	1,521,613	628,322
Ending at Dec. 31, 2021	$ 0
Balance (in Shares) at Dec. 31, 2021	89,303,545	89,304
Balance at Jun. 30, 2021	$ 2,116,962	$ 88	1,730,686	(47,909)	(185,001)	1,497,864	619,098
Balance (in Shares) at Jun. 30, 2021		88,419
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership			288			288	(288)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)		18
Cancellation of OP Units	(479)						(479)	[1]
Issuance of Common Shares	189		189			189
Issuance of Common Shares (in Shares)		13
Dividends/distributions declared	(14,314)				(13,268)	(13,268)	(1,046)
Employee and trustee stock compensation, net	2,644		225			225	2,419
Employee and trustee stock compensation, net (in Shares)		2
Noncontrolling interest distributions	(10,127)						(10,127)
Noncontrolling interest contributions	9,518						9,518
Comprehensive income (loss)	37,596			4,740	12,007	16,747	20,849
Comprehensive income (loss)	37,596
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	0
Reallocation of noncontrolling interests			2,060			2,060	(2,060)	[2]
Balance at Sep. 30, 2021	2,141,989	$ 88	1,733,448	(43,169)	(186,262)	1,504,105	637,884
Balance (in Shares) at Sep. 30, 2021		88,452
Balance at Dec. 31, 2021	$ 2,149,935	$ 89	1,754,383	(36,214)	(196,645)	1,521,613	628,322
Balance (in Shares) at Dec. 31, 2021	89,303,545	89,304
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership			1,147			1,147	(1,147)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)		71
Issuance of Common Shares	$ 119,485	$ 6	119,479			119,485
Issuance of Common Shares (in Shares)		5,525
Dividends/distributions declared	(55,036)				(51,190)	(51,190)	(3,846)
Acquisition of Noncontroling Interest	(24,336)		67,475			67,475	(91,811)
City Point Loan							0	[3]	$ (65,405)
City Point Loan accrued interest									(1,564)
Employee and trustee stock compensation, net	8,540		871			871	7,669
Employee and trustee stock compensation, net (in Shares)		51
Noncontrolling interest distributions	(72,187)						(72,187)
Noncontrolling interest contributions	109,422						109,422		65,945
Comprehensive income (loss)	46,404			85,898	(39,427)	46,471	3,126		(3,193)
Comprehensive income (loss)	49,597
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(3,193)
Reclassification of redeemable noncontrolling interests	(76,569)						(76,569)		76,569
Reallocation of noncontrolling interests			(3,322)			(3,322)	3,322	[2]
Balance at Sep. 30, 2022	2,208,851	$ 95	1,940,033	49,684	(287,262)	1,702,550	506,301
Ending at Sep. 30, 2022	$ 72,352								72,352
Balance (in Shares) at Sep. 30, 2022	94,951,297	94,951
Balance at Jun. 30, 2022	$ 2,363,218	$ 95	1,895,556	11,240	(214,279)	1,692,612	670,606
Balance (in Shares) at Jun. 30, 2022		94,929
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership			333			333	(333)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares)		20
Dividends/distributions declared	(18,368)				(17,092)	(17,092)	(1,276)
Acquisition of Noncontroling Interest	(5,830)		44,605			44,605	(50,435)
City Point Loan							0	[3]	(65,405)
City Point Loan accrued interest									(1,564)
Employee and trustee stock compensation, net	2,180		183			183	1,997
Employee and trustee stock compensation, net (in Shares)		2
Noncontrolling interest distributions	(24,632)						(24,632)
Noncontrolling interest contributions	9,572						9,572		65,945
Comprehensive income (loss)	(43,913)			38,444	(55,891)	(17,447)	(23,273)		(3,193)
Comprehensive income (loss)	(40,720)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(3,193)
Reclassification of redeemable noncontrolling interests	(76,569)						(76,569)		76,569
Reallocation of noncontrolling interests			(644)			(644)	644	[2]
Balance at Sep. 30, 2022	2,208,851	$ 95	$ 1,940,033	$ 49,684	$ (287,262)	$ 1,702,550	$ 506,301
Ending at Sep. 30, 2022	$ 72,352								$ 72,352
Balance (in Shares) at Sep. 30, 2022	94,951,297	94,951
[1] The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $ 0.5 million on July 12, 2021 ( Note 3 ) Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership. Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share (in dollars per share)	$ 0.18	$ 0.15	$ 0.54	$ 0.45

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (89,545)	$ 31,072	$ (61,273)	$ 32,221
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization			102,428	91,244
Gain on disposition of properties and other investments			(51,389)	(10,521)
Net unrealized holding losses (gains) on investments			20,786	(55,796)
Stock compensation expense			8,540	9,780
Straight-line rents			(7,246)	(4,107)
Equity in losses (earnings) of unconsolidated affiliates	50,579	(372)	46,169	(3,153)
Distributions of operating income from unconsolidated affiliates			8,192	2,004
Adjustments to straight-line rent reserves			(79)	320
Amortization of financing costs			4,100	3,662
Non-cash lease expense			2,584	2,887
Adjustments to allowance for credit loss			(779)	773
Impairment charges	33,311	9,925	33,311	9,925
Termination of ground lease			0	(3,615)
Other, net			(6,361)	(2,259)
Changes in assets and liabilities:
Rents receivable			3,523	4,118
Other liabilities			(817)	1,748
Accounts payable and accrued expenses			93	489
Prepaid expenses and other assets			1,296	(5,681)
Lease liability - operating leases			(2,600)	(2,653)
Net cash provided by operating activities			100,478	71,386
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of real estate			(242,633)	(63,425)
Proceeds from the disposition of properties and other investments, net			195,367	63,901
Investments in and advances to unconsolidated affiliates and other			(148,430)	(7,032)
Development, construction and property improvement costs			(36,863)	(25,935)
Refund of deposits for properties under contract			350	0
Change in control of previously unconsolidated affiliate			3,592	0
Return of capital from unconsolidated affiliates and other			63,661	12,071
Payment of deferred leasing costs			(4,996)	(3,191)
Acquisition of investment interests			(4,527)	0
Proceeds from notes receivable			29,530	0
Issuance of notes receivable			0	(57,957)
Net cash used in investing activities			(144,949)	(81,568)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured debt			823,262	211,854
Principal payments on unsecured debt			(621,180)	(160,387)
Proceeds from the sale of Common Shares			119,485	45,865
Capital contributions from noncontrolling interests			109,423	26,627
Principal payments on mortgage and other notes			(429,301)	(69,766)
Distributions to noncontrolling interests			(75,796)	(22,381)
Dividends paid to Common Shareholders			(47,494)	(26,208)
Proceeds received on mortgage and other notes			202,743	9,664
Deferred financing and other costs			(9,191)	(7,296)
Acquisition of noncontrolling interest			(24,336)	0
Payments of finance lease obligations			0	(63)
Net cash provided by financing activities			47,615	7,909
Increase (decrease) in cash and restricted cash			3,144	(2,273)
Cash of $17,746 and $18,699 and restricted cash of $9,813 and $11,096, respectively, beginning of period			27,559	29,795	$ 29,795
Cash of $18,068 and $16,158 and restricted cash of $12,635 and $11,364, respectively, end of period	$ 30,703	$ 27,522	30,703	27,522	$ 27,559
Supplemental disclosure of cash flow information
Cash paid during the period for interest, net of capitalized interest of $2,331 and $6,270 respectively			41,922	31,807
Cash paid for income taxes, net of (refunds)			6	253
Supplemental disclosure of non-cash investing and financing activities
Distribution declared and payable on October 14, 2022, and October 15, 2021, respectively			18,372	14,314
Assumption of accounts payable and accrued expenses through acquisition of real estate			4,062	523
Right-of-use assets, operating leases exchanged for operating lease liabilities			0	412
Issuance of note receivable used as capital contributions from noncontrolling interests			65,945	0
Accrued interest on note receivable recorded to noncontrolling interest			1,564	0
Reclassification of non-controlling interest in excess of amount paid to additional paid-in capital			67,475	0
Acquisition of real estate through assumption of debt			0	31,802
Settlement of note receivable through cancellation of OP Units			0	479
Change in control of previously unconsolidated investment
Increase in real estate			(55,791)	0
Increase in mortgage notes payable			35,970	0
Decrease in investments in and advances to unconsolidated affiliates			17,822	0
Decrease in notes receivable			5,306	0
Decrease in reserve on note receivable			(4,582)	0
Decrease in accrued interest on notes receivable			4,691	0
Change in other assets and liabilities			176	0
Increase in cash and restricted cash upon change of control			$ 3,592	$ 0

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
Cash and cash equivalents, beginning balance	$ 17,746	$ 18,699
Cash and cash equivalents, ending balance	18,068	16,158
Restricted cash, beginning balance	9,813	11,096
Restricted cash, ending balance	12,635	11,364
Cash paid for capitalized interest	$ 2,331	$ 6,270

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation and Summary of Significant Accounting Policies	1. Organization, Basis of Presentation and Summary of Significant Accounting Policies Organization The Company is a fully-integrated equity REIT focused on the ownership, acquisition, development, and management of retail properties located primarily in high-barrier-to-entry, supply-constrained, densely-populated metropolitan areas in the United States. All of the Company’s assets are held by, and all of its operations are conducted through, Acadia Realty Limited Partnership (the “Operating Partnership”) and entities in which the Operating Partnership owns an interest. As of September 30, 2022 and December 31, 2021, the Company controlled approximately 95 % of the Operating Partnership as the sole general partner and is entitled to share, in proportion to its percentage interest, in the cash distributions and profits and losses of the Operating Partnership. The limited partners primarily represent entities or individuals that contributed their interests in certain properties or entities to the Operating Partnership in exchange for common or preferred units of limited partnership interest (“Common OP Units” or “Preferred OP Units”) and employees who have been awarded restricted Common OP Units (“LTIP Units”) as long-term incentive compensation ( Note 13 ). Limited partners holding Common OP and LTIP Units are generally entitled to exchange their units on a one -for-one basis for common shares of beneficial interest, par value $ 0.001 per share, of the Company (“Common Shares”). This structure is referred to as an umbrella partnership REIT or “UPREIT.” As of September 30, 2022, the Company has ownership interests in 151 properties within its core portfolio, which consist of those properties either 100 % owned, or partially owned through joint venture interests, by the Operating Partnership, or subsidiaries thereof, not including those properties owned through its funds (“Core Portfolio”). The Company also has ownership interests in 51 properties within its opportunity funds, Acadia Strategic Opportunity Fund II, LLC (“Fund II”), Acadia Strategic Opportunity Fund III LLC (“Fund III”), Acadia Strategic Opportunity Fund IV LLC (“Fund IV”), and Acadia Strategic Opportunity Fund V LLC (“Fund V” and, collectively with Fund II, Fund III and Fund IV, the “Funds”). The 202 Core Portfolio and Fund properties primarily consist of street and urban retail and suburban shopping centers. In addition, the Company, together with the investors in the Funds, invested in operating companies through Acadia Mervyn Investors I, LLC (“Mervyns I,” which was liquidated in 2018) and Acadia Mervyn Investors II, LLC (“Mervyns II”), all on a non-recourse basis. The Operating Partnership is the sole general partner or managing member of the Funds and Mervyns II and earns fees or priority distributions for asset management, property management, construction, development, leasing, and legal services. Cash flows from the Funds and Mervyns II are distributed pro-rata to their respective partners and members (including the Operating Partnership) until each receives a certain cumulative return (“Preferred Return”) and the return of all capital contributions. Thereafter, remaining cash flow is distributed 20 % to the Operating Partnership (“Promote”) and 80 % to the partners or members (including the Operating Partnership). All transactions between the Funds and the Operating Partnership have been eliminated in consolidation. The following table summarizes the general terms and Operating Partnership’s equity interests in the Funds and Mervyns II (dollars in millions): Entity Formation Operating Capital Called (b) Unfunded (b, c) Equity Interest (a) Preferred Total (b, c) Fund II and Mervyns II (c,d) 6/2004 61.67 % $ 557.3 $ — 61.67 % 8 % $ 172.5 Fund III 5/2007 24.54 % 448.1 1.9 24.54 % 6 % 603.5 Fund IV 5/2012 23.12 % 488.1 41.9 23.12 % 6 % 221.4 Fund V (e) 8/2016 20.10 % 347.9 172.1 20.10 % 6 % 79.6 (a) Amount represents the current economic ownership at September 30, 2022, which could differ from the stated legal ownership based upon the cumulative preferred returns of the respective Fund. (b) Represents the total for the Funds, including the Operating Partnership and noncontrolling interests’ shares. (c) During the second quarter of 2022, the Company increased its ownership in Fund II and Mervyns II by 11.67 %, from 28.33 % to 40.00 %, with the investment of $ 18.5 million. During the third quarter of 2022, the Company increased its ownership in Fund II by 21.67 %, from 40.00 % to 61.67 %, for $ 5.8 million. Each of the remaining partners in Fund II have a right to put their equity interests to the Company ( Note 10 ). (d) D uring August 2020, a recallable distribution of $ 15.7 million was made by Mervyn’s II to its investors, of which $ 4.5 million was the Company’s share. During 2021 and 2022, Mervyn’s II recalled $ 11.9 million and $ 3.8 million, respectively, of the $15.7 million, of which the Company's share is $ 3.4 million and $ 1.2 million, respectively. (e) As of August 23, 2022, Fund V's investment period was extended to August 25, 2023 . Basis of Presentation Restatement of Prior Year Amounts As discussed in the Company's 2021 consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"), the Company restated each of the quarterly and year-to-date periods ended March 31, 2021, June 30, 2021 and September 30, 2021. Amounts as of or for the period ended September 30, 2021 depicted in these interim consolidated financial statements as "As Restated" are taken from the Company's restatement disclosures in the Annual Report on Form 10-K for the year ended December 31, 2021. See the 2021 consolidated financial statements included in the Annual Report for details of the restatement adjustments. Segments At September 30, 2022 , the Company had three reportable operating segments: Core Portfolio, Funds and Structured Financing. The Company’s chief operating decision maker may review operational and financial data on a property-level basis and does not differentiate properties on a geographical basis for purposes of allocating resources or capital. Principles of Consolidation The interim consolidated financial statements include the consolidated accounts of the Company and its investments in partnerships and limited liability companies in which the Company has control, including where the Company has been determined to be a primary beneficiary of a variable interest entity ("VIE"), in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810 “Consolidation” (“ASC Topic 810”). The ownership interests of other investors in these entities are recorded as noncontrolling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company consolidates a VIE in which it is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity's economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. The Company assesses the accounting treatment and determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and continuously reconsiders that conclusion. In determining whether the Company is the primary beneficiary, it evaluates its control rights as well as economic interests in the entity held either directly or indirectly by the Company. Each entity is assessed on an individual basis to determine the rights provided to each party and whether those rights are protective or participating. For all VIEs, the Company reviews such agreements in order to determine which party has the power to direct the activities that most significantly impact the entity's economic performance. For those entities evaluated under the voting interest model, the Company consolidates the entity if it has a controlling financial interest. The Company has a controlling financial interest in a voting interest entity (“VOE”) if it owns a majority voting interest in the entity. Investments in entities for which the Company has the ability to exercise significant influence over, but does not have financial or operating control through its voting interest and entities which are VIEs but where the Company is not the primary beneficiary, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or losses) of these entities are included in consolidated net income or loss. The interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full fiscal year. The information furnished in the accompanying consolidated financial statements reflects all adjustments that, in the opinion of management, are necessary for a fair presentation of the aforementioned consolidated financial statements for the interim periods. Such adjustments consisted of normal recurring items. These interim consolidated financial statements should be read in conjunction with the Company’s 2021 consolidated financial statements included in the Annual Report. Variable Interest Entities The Operating Partnership is considered a VIE in which the Company is the primary beneficiary because the limited partners do not have substantive kick-out or participating rights. As of September 30, 2022 and December 31, 2021, the Operating Partnership held interests in the Funds and two consolidated entities owning properties that were determined to be VIEs in which the Company is the primary beneficiary as it has (i) the power to direct the activities of the entity that most significantly impact the entity's economic performance, and (ii) the obligation to absorb the entity's losses or receive benefits from the entity that could potentially be significant to the entity. The majority of the operations of these VIEs are funded with fees earned from investment opportunities or cash flows generated from the properties. The Company has not provided financial support to any of these VIEs that it was not previously contractually required to provide, which consists primarily of funding any capital commitments and capital expenditures, which are deemed necessary to continue to operate the entity and any operating cash shortfalls the entity may experience. Since the Company conducts its business through and substantially all of its interests are held by the Operating Partnership, the assets and liabilities on the consolidated balance sheets represent the assets and liabilities of the Operating Partnership. As of September 30, 2022 and December 31, 2021, t he consolidated balance sheets include the following assets and liabilities of consolidated VIEs of the Operating Partnership: (dollars in thousands) September 30, 2022 December 31, 2021 VIE ASSETS Operating real estate, net $ 1,468,831 $ 1,482,636 Real estate under development 132,612 161,485 Notes receivable, net — 725 Investments in and advances to unconsolidated affiliates 241,641 200,827 Other assets, net 97,025 94,303 Right-of-use assets - operating leases, net 2,636 2,935 Cash and cash equivalents 14,629 9,761 Restricted cash 12,573 9,757 Rents receivable, net 17,076 16,126 Total VIE assets (a) $ 1,987,023 $ 1,978,555 VIE LIABILITIES Mortgage and other notes payable, net $ 766,935 $ 948,045 Unsecured notes payable, net 49,697 162,828 Accounts payable and other liabilities 98,694 96,212 Lease liability - operating leases, net 2,764 3,077 Total VIE liabilities (a) $ 918,090 $ 1,210,162 a) At September 30, 2022 and December 31, 2021, includes total VIE assets of $ 680.6 million and $69 4.3 million, respectively, and total VIE liabilities of $ 202.4 million and $ 393.9 million, respectively, related to third-party mortgages that are collateralized by the real estate assets of City Point, a Fund II property, and 27 East 61st Street, 801 Madison Avenue, and 1035 Third Avenue, Fund IV properties, of which $ 72.7 million is guaranteed by the Operating Partnership ( Note 7 ). The remaining VIE assets are generally encumbered by third-party recourse mortgage debt and are collateral under the respective mortgages and are therefore restricted and can only be used to settle the corresponding liabilities of the VIE. Th e remaining VIE assets may only be used to settle obligations of these consolidated VIEs and the remaining VIE liabilities are only the obligations of these consolidated VIEs and they do not have recourse to the Operating Partnership or the Company. Use of Estimates GAAP requires the Company’s management to make estimates and assumptions that affect the amounts reported in the interim consolidated financial statements and accompanying notes. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition and the collectability of notes receivable and rents receivable. Application of these estimates and assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates. Recently Adopted Accounting and Reporting Guidance In August 2020, the FASB issued ASU 2020-06— Debt with conversion and other options (Subtopic 470-20) and derivatives and hedging—contracts in entity's own equity (Subtopic 815-40)—accounting for convertible instruments and contracts in an entity's own equity . This ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU simplifies accounting for convertible instruments and simplifies the diluted earnings per share (EPS) calculation in certain areas. This ASU is effective for fiscal years beginning after December 15, 2021. Currently, the Company does not have any such debt instruments and, as a result, the implementation of this guidance did not have an effect on the Company’s consolidated financial statements. In May 2021, the FASB issued ASU 2021-04 Modification of Equity-Classified Written Call Options — Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40) : Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options — to codify how an issuer should account for modifications made to equity-classified written call options (a warrant to purchase the issuer’s common stock). The guidance in the ASU requires the issuer to treat a modification of an equity-classified warrant that does not cause the warrant to become liability-classified as an exchange whether structured as an amendment or reissuance and is effective for all periods beginning after December 15, 2021 with early application permitted. The Company does not currently have any outstanding equity awards with written call options. As a result, the implementation of this guidance did not have an effect on the Company’s consolidated financial statements. In July 2021, the FASB issued ASU 2021-05 Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments . This Update requires a lessor to classify a lease with entirely or partially variable payments that do not depend on an index or rate as an operating lease if another classification (i.e. sales-type or direct financing) would trigger a commencement date selling loss. The guidance in the ASU is effective for all periods beginning after December 15, 2021 with early application permitted and may be applied either retrospectively or prospectively. The Company does not currently have any sales-type or direct financing leases as lessor. As a result, the implementation of this guidance did not have an effect on the Company’s consolidated financial statements. In January 2021, the FASB issued ASU 2021-01 Reference Rate Reform (Topic 848) which modifies ASC 848, which was intended to provide relief related to “contracts and transactions that reference LIBOR or a reference rate that is expected to be discontinued as a result of reference rate reform.” ASU 2021-01 expands the scope of ASC 848 to include all affected derivatives and give reporting entities the ability to apply certain aspects of the contract modification and hedge accounting expedients to derivative contracts affected by the discounting transition. ASU 2021-01 also adds implementation guidance to clarify which optional expedients in ASC 848 may be applied to derivative instruments that do not reference LIBOR or a reference rate that is expected to be discontinued, but that are being modified as a result of the discounting transition. Currently, the Company does not anticipate the need to modify any existing debt agreements as a result of reference rate reform in the current year. If any modification is executed as a result of reference rate reform, the Company will elect the optional practical expedient under ASU 2020-04 and 2021-01, which allows entities to account for the modification as if the modification was not substantial. As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements In March 2022, the FASB issued ASU 2022-01 Derivatives and Hedging (Topic 815) Fair Value Hedging—Portfolio Layer Method . The amendments in this Update allow non-prepayable financial assets also to be included in a closed portfolio hedged using the portfolio layer method. That expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and non-prepayable financial assets, thereby allowing consistent accounting for similar hedges. The guidance in the ASU is effective for all periods beginning after December 15, 2022 with early application permitted and may be applied prospectively. The Company does not currently utilize the portfolio layer method. As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU 2022-02 Financial Instruments—Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures . Rather than applying the recognition and measurement guidance for Troubled Debt Restructurings ("TDRs"), an entity must apply the loan refinancing and restructuring guidance in ASC 310-20-35-9 through 35-11 to determine whether a modification results in a new loan or a continuation of an existing loan. In addition, this Update requires that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost . The guidance in the ASU is effective for all periods beginning after December 15, 2022 with early application permitted and may be applied prospectively. The Company does not currently have any financial instruments that meet the definition of a TDR. As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements. In June 2022, the FASB issued ASU 2022-03 Fair Value Measurement (Topic 820)—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The guidance in this update clarifies how the fair value of equity securities subject to contractual sale restrictions is determined, and amends ASC 820 to clarify that a contractual sale restriction should not be considered in measuring fair value. It also requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. The guidance in the ASU is effective for all periods beginning after December 15, 2023 with early application permitted and may be applied prospectively. The Company's investment in Albertsons is subject to a contractual sale restriction, however, the Company does not consider this sale restriction in measuring its fair value ( Note 8 ). As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2022
Acquisition And Disposition Of Properties And Discontinued Operations [Abstract]
Real Estate	2. Rea l Estate The Company’s consolidated real estate is comprised of the following for the periods presented (in thousands): September 30, December 31, 2022 2021 Land $ 829,313 $ 739,641 Buildings and improvements 2,998,230 2,892,051 Tenant improvements 213,316 199,925 Construction in progress 13,117 11,131 Right-of-use assets - finance leases (Note 11) 25,086 25,086 Total 4,079,062 3,867,834 Less: Accumulated depreciation and amortization ( 704,609 ) ( 648,461 ) Operating real estate, net 3,374,453 3,219,373 Real estate under development 186,360 203,773 Net investments in real estate $ 3,560,813 $ 3,423,146 Acquisitions and Foreclosure During the nine months ended September 30, 2022 and the year ended December 31, 2021, the Company acquired (through purchase, investment or foreclosure) the following consolidated retail properties and other real estate investments (dollars in thousands): Property and Location Percent Date of Purchase 2022 Acquisitions and Foreclosure Core 121 Spring Street - New York, NY 100 % Jan 12, 2022 $ 39,637 Williamsburg Collection - Brooklyn, NY (a) (a) Feb 18, 2022 97,750 8833 Beverly Boulevard - West Hollywood, CA 100 % Mar 2, 2022 24,117 Henderson Avenue Portfolio - Dallas, TX (b) 100 % Apr 18, 2022 85,192 Subtotal Core 246,696 Fund III 640 Broadway - New York, NY (Foreclosure) (c) 100 % Jan 26, 2022 59,207 Subtotal Fund III 59,207 Total 2022 Acquisitions and Foreclosure $ 305,903 2021 Acquisitions Core 14th Street Portfolio - Washington, DC 100 % Dec 23, 2021 $ 26,320 Subtotal Core 26,320 Fund V Canton Marketplace - Canton, GA 100 % Aug 20, 2021 50,954 Monroe Marketplace - Selinsgrove, PA 100 % Sept 9, 2021 44,796 Monroe Marketplace (Parcel) - Selinsgrove, PA 100 % Nov 12, 2021 1,029 Midstate - East Brunswick, NJ 100 % Dec 14, 2021 71,867 Subtotal Fund V 168,646 Total 2021 Acquisitions $ 194,966 a) The Company invested $ 2.8 million in its 49.99 % equity interest and, through a separate lending subsidiary, provided a $ 64.1 million first mortgage loan and a $ 30.9 million mezzanine loan to subsidiaries of the venture (such equity and loans have been eliminated in consolidation). Pursuant to the entity’s operating agreement, the venture partner has a one-time right to put its 50.01 % interest in the entity (the "Williamsburg NCI", which is further described in Note 10 ) to the Company for fair value at a future date. Given the preferred rate of return of the Company embedded in its equity interests and the accruing debt senior to the equity, the Company did not attribute any initial redemption value to the Williamsburg NCI and recognized a bargain purchase gain of $ 1.2 million, which is included in Realized and unrealized holding (losses) gains on investments and other in the consolidated statements of operations. b) The Henderson Avenue Portfolio comprises 14 operating retail assets, one residential building and two development and redevelopment sites. One of the development sites was sold in October 2022 ( Note 15 ). c) The entity was previously accounted for as an equity method investment until an affiliate of Fund III acquired the venture partner's interest in a foreclosure action. Fund III now indirectly owns 100% of the entity and consolidates it ( Note 4 ). For the nine months ended September 30, 2022 and the year ended December 31, 2021, the Company capitalized $ 1.2 million and $ 3.6 million of acquisition costs in connection with the 2022 Acquisitions and Foreclosure and the 2021 Acquisitions, respectively. In addition, during the nine months ended September 30, 2022, the Company expensed $ 2.0 million o f acquisition costs (including a $ 1.5 million acquisition fee paid to an affiliate of a joint venture partner). Acquisition costs that were expensed are included in General and administrative expenses in the consolidated statements of operations. During the nine months ended September 30, 2022, the Company assumed a $ 36.0 million mortgage with the consolidation of 640 Broadway and during the year ended December 31, 2021, the Company assumed a $ 31.8 million mortgage with the acquisition of Canton Marketplace ( Note 7 ). Purchase Price Allocations The purchase prices for the 2022 Acquisitions and Foreclosure and 2021 Acquisitions were allocated to the acquired assets and assumed liabilities based on their estimated fair values at the dates of acquisition. The following table summarizes the allocation of the purchase price of properties acquired during the periods presented (in thousands): Nine Months Ended September 30, Year Ended December 31, 2022 2021 Net Assets Acquired Land $ 119,898 $ 37,290 Buildings and improvements 168,862 134,065 Acquisition-related intangible assets (Note 6) 29,016 39,953 Accounts receivable, prepaids and other assets 4,077 — Accounts payable and other liabilities ( 661 ) — Acquisition-related intangible liabilities (Note 6) ( 14,126 ) ( 16,342 ) Net assets acquired $ 307,066 $ 194,966 Consideration Cash $ 242,633 $ 161,846 Carrying value of note receivable exchanged in foreclosure (Note 3) 5,416 — Existing interest in previously unconsolidated investment (Note 4) 17,822 — Debt assumed 35,970 31,801 Liabilities assumed 4,062 1,319 Total consideration 305,903 194,966 Gain on bargain purchase 1,163 — $ 307,066 $ 194,966 Dispositions During the nine months ended September 30, 2022 and the year ended December 31, 2021, the Company disposed of the following consolidated properties and other real estate investments (in thousands): Property and Location Owner Date Sold Sale Price Gain 2022 Dispositions NE Grocer Portfolio (Selected Assets) - Pennsylvania Fund IV Jan 26, 2022 Mar 4, 2022 $ 45,350 $ 13,784 New Towne (Parcel) - Canton, MI Fund V Feb 1, 2022 2,231 1,776 Cortlandt Crossing - Westchester County, NY Fund III Feb 9, 2022 65,533 13,255 Lincoln Place - Fairview Heights, IL Fund IV May 25, 2022 40,670 12,216 Wake Forest Crossing - Wake Forest, NC Fund IV Aug 24, 2022 38,919 8,885 Total 2022 Dispositions $ 192,703 $ 49,916 2021 Dispositions 60 Orange St - Bloomfield, NJ Core Jan 29, 2021 $ 16,400 $ 4,612 654 Broadway - New York, NY Fund III May 19, 2021 10,000 111 NE Grocer Portfolio (Selected Assets) - ME Fund IV Jun 18, 2021 39,925 5,064 Total 2021 Dispositions (a) $ 66,325 $ 9,787 a) Does not include the gain on lease termination of $ 0.7 million related to the Fund IV lease at 110 University Place ( Note 11 ). Properties Held for Sale or Sold At September 30, 2022, the Company had one property under contract for sale with assets totaling $ 11.1 million, which was probable of disposition. The property was classified as "held for sale" on the Company's consolidated balance sheets at September 30, 2022. The aggregate rental revenue, expenses and pre-tax income reported within continuing operations for the aforementioned consolidated properties that were sold as well as the lease that was terminated ( Note 11 ) during the three and nine months ended September 30, 2022 and 2021 were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenues $ 929 $ 4,335 $ 5,429 $ 15,997 Expenses ( 620 ) ( 3,815 ) ( 4,112 ) ( 14,658 ) Gain on disposition of properties 8,885 — 49,916 10,521 Net income attributable to noncontrolling interests ( 7,069 ) ( 401 ) ( 39,251 ) ( 5,583 ) Net income attributable to Acadia $ 2,125 $ 119 $ 11,982 $ 6,277 Real Estate Under Development and Construction in Progress Real estate under development represents the Company’s consolidated properties that have not yet been placed into service while undergoing substantial development or construction. Development activity for the Company’s consolidated properties comprised the following during the periods presented (dollars in thousands): January 1, 2022 Nine Months Ended September 30, 2022 September 30, 2022 Number of Carrying Transfers In Capitalized Transfers Out Number of Carrying Core — $ 42,517 $ 9,610 $ 1,854 $ — 2 $ 53,981 Fund II — 35,125 — 1,487 — — 36,612 Fund III 1 24,296 — 1,077 — 1 25,373 Fund IV (a) 1 101,835 — 82 31,523 1 70,394 Total 2 $ 203,773 $ 9,610 $ 4,500 $ 31,523 4 $ 186,360 a) Transfers out include $ 12.9 million related to a portion of one Fund IV property that was transferred out of development and an impairment charge totaling $ 18.7 million on one Fund IV development property ( Note 8 ). January 1, 2021 Year Ended December 31, 2021 December 31, 2021 Number of Carrying Transfers In Capitalized Transfers Out Number of Carrying Core — $ 63,875 $ — $ 1,855 $ 23,213 — $ 42,517 Fund II — 74,657 — 3,921 43,453 — 35,125 Fund III 1 23,104 — 1,192 — 1 24,296 Fund IV (a) 2 85,565 29,758 2,026 15,514 1 101,835 Total 3 $ 247,201 $ 29,758 $ 8,994 $ 82,180 2 $ 203,773 a) Transfers in include $ 29.8 million related to the remaining portion of one Fund IV property that was placed in development. The number of properties in the tables above refers to projects comprising the entire property under development; however, certain projects represent a portion of a property. At September 30, 2022, consolidated development projects included: a portion of City Center and the Henderson Portfolio for the Core Portfolio, portions of City Point Phase I and II at Fund II, Broad Hollow Commons at Fund III, and a portion of 717 N. Michigan Avenue at Fund IV. In addition, at September 30, 2022, the Company had one Core unconsolidated development project, 1238 Wisconsin Avenue. During the nine months ended September 30, 2022, the Company: • placed a portion of one Fund IV property, 717 N. Michigan Avenue, into service in the first quarter; and • placed two Core properties in the Henderson Portfolio into development in the second quarter. At December 31, 2021, consolidated development projects included: a portion of City Center for Core, portions of City Point Phase I and II at Fund II, Broad Hollow Commons at Fund III and 717 N. Michigan Avenue at Fund IV. In addition, at December 31, 2021, the Company had one Core unconsolidated development project, 1238 Wisconsin Avenue. During the year ended December 31, 2021, the Company: • placed portions of one Core project, City Center, into service in the first and second quarters of 2021; • disposed of building improvements related to one Fund IV project, 110 University Place, in connection with a lease termination in the second quarter of 2021 ( Note 11 ); • placed the remaining portion of one Fund IV property, 717 N. Michigan Avenue, into development in the fourth quarter of 2021; and • placed a portion of Fund II’s City Point Phase III into service in the fourth quarter of 2021. Construction in progress pertains to construction activity at the Company’s operating properties that are in service and continue to operate during the construction period.

Notes Receivable, Net

Notes Receivable, Net	9 Months Ended
	Sep. 30, 2022
Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract]
Notes Receivable, Net	3. Notes Re ceivable, Net The Company’s notes receivable, net are generally collateralized either by the underlying properties or the borrowers’ ownership interests in the entities that own the properties, and were as follows (dollars in thousands): September 30, December 31, September 30, 2022 Description 2022 2021 Number Maturity Date Interest Rate Core Portfolio (a) $ 124,801 $ 154,332 5 Apr 2020 - Dec 2027 4.65 % - 9.00 % Fund III — 5,306 — — — Total notes receivable 124,801 159,638 Allowance for credit loss ( 835 ) ( 5,752 ) Notes receivable, net $ 123,966 $ 153,886 5 a) Includes one note receivable from an OP Unit holder, with a balance of $ 6.0 million at September 30, 2022 and December 31, 2021 . During the nine months ended September 30, 2022, the Company: • through Fund III obtained the remaining venture partner's interest in an entity that held a property, which was collateral for a note with a balance of $ 5.3 million, accrued interest of $ 4.7 million less credit loss reserve of $ 4.6 million, via a foreclosure auction in January 2022. The entity was previously accounted for as an equity method investment until Fund III acquired the venture partner's interest in a foreclosure auction. Fund III now owns 100 % of the entity and consolidates it ( Note 4 ); • originated a loan to other Fund II investors of $ 65.9 million, which is presented in redeemable noncontrolling interest on the Company's consolidated balance sheets ( Note 10 ); • received full payment on a $ 16.0 million Core Portfolio loan during the second quarter, and full payment on a $ 13.5 million Core Portfolio loan and partial payment of $ 5.7 million of accrued interest on a Core Portfolio loan during the third quarter; and • decreased the credit loss reserve by $ 0.3 million as a result of the aforementioned repayments. During the year ended December 31, 2021, the Company: • originated a new Core Portfolio note for $ 16.0 million with a stated interest rate of 9 % and a maturity date of October 20, 2022 collateralized by a single tenant property in Silver Spring, Maryland on April 20, 2021; • exchanged 21,109 OP Units in settlement of a note receivable in the amount of $ 0.5 million on July 12, 2021 ( Note 10 ); • originated a new Core Portfolio note for $ 43.0 million, of which $ 42.0 million was funded, with three tranches with stated interest rates ranging from 5 % to 12 % and a maturity date of September 17, 2024 collateralized by a retail condominium in Soho, New York on September 17, 2021; • extended the maturity date of one Core note receivable of $ 13.5 million from October 28, 2021 to June 1, 2022 ; and • recorded an increase in its allowance for credit loss of approximately $ 4.5 million primarily attributable to the Fund III note that matured in July 2020 . Default One Core Portfolio note aggregating $ 21.6 million including accrued interest (exclusive of default interest and other amounts due on the loan that have not been recognized) was in default at September 30, 2022 and December 31, 2021 . On April 1, 2020, the loan matured and was not repaid. The Company expects to take appropriate actions to recover the amounts due under the loan and has issued a reservation of rights letter to the borrowers and guarantor, reserving all of its rights and remedies under the applicable loan documents and otherwise. The Company has determined that the collateral for this loan is sufficient to cover the loan’s carrying value at September 30, 2022 and December 31, 2021. Allowance for Credit Losses The Company monitors the credit quality of its notes receivable on an ongoing basis and considers indicators of credit quality such as loan payment activity, the estimated fair value of the underlying collateral, the seniority of the Company’s loan in relation to other debt secured by the collateral and the prospects of the borrower. Earnings from these notes and mortgages receivable are reported within the Company’s Structured Financing segment ( Note 12 ). Interest receivable is included in Other assets ( Note 5 ). The Company’s estimated allowance for credit losses related to its Structured Financing segment has been computed for its amortized cost basis in the portfolio, including accrued interest ( Note 5 ), factoring historical loss experience in the United States for similar loans, as adjusted for current conditions, as well as the Company’s expectations related to future economic conditions. Due to the lack of comparability across the Structured Financing portfolio, each loan was evaluated separately. As a result, there were three non-collateral-dependent loans with a total amortized cost of $ 111.3 million, inclusive of accrued interest of $ 10.3 million, for which an allowance for credit losses has been recorded aggregating $ 0.8 million at September 30, 2022. For two loans in this portfolio, aggregating $ 27.9 million, inclusive of accrued interest of $ 4.1 million at September 30, 2022 , the Company has elected to apply a practical expedient in accordance with ASC 326 and did no t establish an allowance for credit losses because (i) these loans are collateral-dependent loans, which due to their settlement term s are not expected to be settled in cash but rather by the Company’s possession of the real estate collateral; and (ii) at September 30, 2022, the Company determined that the estimated fair value of the collateral at the expected realization date for these loans was sufficient to cover the carrying value of its investments in these notes receivable. Impairment charges may be required if and when such amounts are estimated to b e nonrecoverable upon a realization event, which is generally at the time a loan is repaid, or in the case of foreclosure, when the underlying asset is sold; however, non-recoverability may also be concluded if it is reasonably certain that all amounts due will not be collected.

Investments in and Advances to

Investments in and Advances to Unconsolidated Affiliates	9 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in and Advances to Unconsolidated Affiliates	4. Investments in and Advance s to Unconsolidated Affiliates The Company accounts for its investments in and advances to unconsolidated affiliates primarily under the equity method of accounting as it has the ability to exercise significant influence, but does not have financial or operating control over the investment, which is maintained by each of the unaffiliated partners who co-invest with the Company. The Company’s investments in and advances to unconsolidated affiliates consist of the following (dollars in thousands): Ownership Interest September 30, December 31, Portfolio Property September 30, 2022 2022 2021 Core: 840 N. Michigan Avenue (a) 88.43 % $ 341 $ 51,513 Renaissance Portfolio 20 % 28,904 28,466 Gotham Plaza 49 % 29,666 29,187 Georgetown Portfolio (b) 50 % 4,109 4,089 1238 Wisconsin Avenue (b) 80 % 10,993 5,895 74,013 119,150 Mervyns II: KLA/ABS (c) 36.7 % 102,368 124,316 Fund III: Self Storage Management (b) 0 % — 207 640 Broadway (d) 100 % — 17,825 — 18,032 Fund IV: Fund IV Other Portfolio 98.57 % 11,877 12,675 650 Bald Hill Road 90 % 10,220 11,677 Paramus Plaza 50 % 1,022 1,975 23,119 26,327 Fund V: Family Center at Riverdale (a) 89.42 % 11,852 12,449 Tri-City Plaza 90 % 8,983 6,827 Frederick County Acquisitions 90 % 13,096 10,748 Wood Ridge Plaza 90 % 13,289 — La Frontera Village 90 % 21,097 — Shoppes at South Hills 90 % 45,436 — 113,753 30,024 Various: Due from (to) Related Parties 175 666 Other (e) 3,994 3,811 Investments in and advances to $ 317,422 $ 322,326 Core: Crossroads (f) 49 % $ 8,880 $ 9,939 Distributions in excess of income from, $ 8,880 $ 9,939 a) Represents a tenancy-in-common interest. b) Represents a VIE for which the Company is not the primary beneficiary. The Company's involvement with such entities is in the form of equity interests and fee arrangements. The maximum exposure to loss is limited to the amount of the Company's equity investment in these VIEs. Total unconsolidated VIE assets of $ 38.4 million and $ 32.2 million at September 30, 2022 and December 31, 2021, respectively. Total unconsolidated VIE liabilities of $ 46.1 million and $ 41.9 million at September 30, 2022 and December 31, 2021, respectively. c) Includes an interest in Albertsons at fair value, as described below ("Investment in Albertsons") ( Note 8 ). d) In January 2022, the Company foreclosed on partner's interest and now owns 100% and consolidates the entity ( Note 2 ). e) Includes cost-method investments in Storage Post, Fifth Wall and other investments. f) Distributions have exceeded the Company’s investment; however, the Company recognizes a liability balance as it may be required to return distributions to fund future obligations of the entity . During the nine months ended September 30, 2022, the Company: • through Fund V, acquired a 90% interest in a venture fo r $ 15.9 m illion, which acquired Shoppes at South Hills, a shopping center located in Poughkeepsie, New York for $ 47.6 m illion. In addition, Fund V made a bridge loan to the entity for $ 31.7 million during the third quarter; • impaired $ 50.8 million of its 840 N. Michigan Avenue investment during the third quarter, which is included in Equity in (losses) earnings of unconsolidated affiliates in the consolidated statements of operations, reflecting management’s estimate of fair value at that date; • through Fund V, acquired a 90% interest in a venture for $ 26.5 million, which acquired La Frontera Village, a shopping center located in Round Rock, Texas for $ 81.4 million. In addition, Fund V made a bridge loan to the entity for $ 52.0 million during the first quarter, which was repaid during the second quarter. On June 10, 2022, the venture entered into a $ 57.0 million mortgage loan, of which $ 55.5 million was funded at closing ; • through Fund V, acquired a 90% interest in a venture for $ 15.3 million, which acquired Wood Ridge Plaza, a shopping center located in Houston, Texas for $ 49.3 million during the first quarter. In addition, on March 21, 2022 the Wood Ridge Plaza venture entered into a $ 36.6 million mortgage loan, of which $ 32.3 million was funded at closing; • through Fund III, foreclosed on the remaining 37% interest in 640 Broadway during the first quarter. Accordingly, the Company now consolidates this property ( Note 2 ); • through Fund III, sold its investment in Self Storage Management for $ 6.0 million and recognized its proportionate gain of approximately $ 1.5 million during the first quarter, which is included in Realized and unrealized holding (losses) gains on investments and other in the consolidated statements of operations; • funde d $ 0.2 million of its capital commitment to its Fifth Wall investment during the second and third quarter; and • received cash dividends totaling $ 1.4 million at Mervyns II related to distributions from its Investment in Albertsons and recorded a net unrealized holding loss of $ 22.0 million reflecting the change in fair value of its Investment in Albertsons. In addition, the entity that holds the shares of Albertsons extended the expiration of the lockup term through May 2023. During the year ended December 31, 2021, the Company: • received dividends of $ 1.7 million at Mervyns II related to distributions from its Investment in Albertsons and recorded a net unrealized holding gain of $ 51.9 million reflecting the change in fair value of its Investment in Albertsons • on January 4, 2021, Fund V sold two land parcels at its unconsolidated Family Center at Riverdale property for a total of $ 10.5 million, repaid $ 7.9 million of the related mortgage and the venture recognized a gain of $ 3.2 million, of which the Company's share was $ 0.6 million; • called capital for its Crossroads investment of $ 7.5 million, of which the venture partner's share was $ 5.4 million; and • made a capital contribution to its Fifth Wall investment in the amount of $ 1.9 million. Fees from Unconsolidated Affiliates The Company earned property management, construction, development, legal and leasing fees from its investments in unconsolidated partnerships totaling $ 0.1 million, $ 0.3 million, $ 0.1 million and $ 0.4 million for each of the three and nine months ended September 30, 2022 and 2021, respectively, which are included in Other revenues in the consolidated statements of operations. In addition, the Company's joint ventures paid to certain unaffiliated partners of its joint ventures, $ 0.5 million, $ 1.1 million, $ 0.3 million and $ 1.0 million for the three and nine months ended September 30, 2022 and 2021, respectively, for leasing commissions, development, management, construction and overhead fees. Summarized Financial Information of Unconsolidated Affiliates The following combined and condensed Balance Sheets and Statements of operations, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates that were held as of September 30, 2022, and accordingly exclude the results of any investments disposed of or consolidated prior to that date (in thousands): September 30, December 31, 2022 2021 Combined and Condensed Balance Sheets Assets: Rental property, net $ 681,799 $ 631,661 Real estate under development 14,387 8,112 Other assets 133,731 78,300 Total assets $ 829,917 $ 718,073 Liabilities and partners’ equity: Mortgage notes payable $ 624,043 $ 571,461 Other liabilities 99,566 69,166 Partners’ equity 106,308 77,446 Total liabilities and partners’ equity $ 829,917 $ 718,073 Company's share of accumulated equity $ 145,270 $ 113,285 Basis differential 53,061 66,031 Deferred fees, net of portion related to the Company's interest 3,674 4,071 Amounts receivable/payable by the Company 175 666 Investments in and advances to unconsolidated affiliates, net of Company's 202,180 184,053 Investments carried at fair value or cost 106,362 128,334 Company's share of distributions in excess of income from and 8,880 9,939 Investments in and advances to unconsolidated affiliates $ 317,422 $ 322,326 Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Combined and Condensed Statements of Operations Total revenues $ 25,096 $ 18,974 $ 72,167 $ 59,090 Operating and other expenses ( 8,443 ) ( 7,174 ) ( 23,768 ) ( 21,584 ) Interest expense ( 7,130 ) ( 4,978 ) ( 18,458 ) ( 15,799 ) Depreciation and amortization ( 9,708 ) ( 6,785 ) ( 24,867 ) ( 23,154 ) Impairment of Investments ( 57,423 ) — ( 57,423 ) — Gain on disposition of properties (a) — — — 3,206 Net (loss) income attributable to unconsolidated affiliates $ ( 57,608 ) $ 37 $ ( 52,349 ) $ 1,759 Company’s share of equity in net (loss) income of unconsolidated affiliates $ ( 50,331 ) $ 910 $ ( 45,416 ) $ 4,951 Income attributable to unconsolidated affiliates recently sold or consolidated — ( 283 ) — ( 845 ) Basis differential amortization ( 248 ) ( 255 ) ( 753 ) ( 953 ) Company’s equity in (losses) earnings of unconsolidated affiliates $ ( 50,579 ) $ 372 $ ( 46,169 ) $ 3,153 a) Represents the gain on the sale of two land parcels by the Family Center at Riverdale on January 4, 2021 .

Other Assets, Net and Accounts

Other Assets, Net and Accounts Payable and Other Liabilities	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets, Net and Accounts Payable and Other Liabilities	5. Other Assets, Net and Accou nts Payable and Other Liabilities Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented: September 30, December 31, (in thousands) 2022 2021 Other Assets, Net: Lease intangibles, net (Note 6) $ 110,620 $ 108,918 Deferred charges, net (a) 26,899 28,438 Derivative financial instruments (Note 8) 56,578 7 Prepaid expenses 17,077 17,230 Accrued interest receivable (Note 3) 15,098 21,148 Due from seller 3,036 3,364 Income taxes receivable 1,826 2,279 Other receivables 1,527 1,830 Corporate assets, net 1,376 1,648 Deposits 521 1,647 $ 234,558 $ 186,509 (a) Deferred Charges, Net: Deferred leasing and other costs $ 60,695 $ 58,281 Deferred financing costs related to line of credit 9,502 9,953 70,197 68,234 Accumulated amortization ( 43,298 ) ( 39,796 ) Deferred charges, net $ 26,899 $ 28,438 Accounts Payable and Other Liabilities: Lease intangibles, net (Note 6) $ 80,544 $ 76,778 Accounts payable and accrued expenses 62,984 56,580 Deferred income 36,073 38,373 Tenant security deposits, escrow and other 14,509 13,045 Lease liability - finance leases, net (Note 11) 6,917 6,612 Derivative financial instruments (Note 8) 6 45,027 $ 201,033 $ 236,415

Lease Intangibles

Lease Intangibles	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Lease Intangibles	6. Lease Intangibles Upon acquisitions of real estate ( Note 2 ), the Company assesses the fair value of acquired assets (including land, buildings and improvements, and identified intangibles such as above- and below-market leases, including below-market options and acquired in-place leases) and assumed liabilities. The lease intangibles are amortized over the remaining terms of the respective leases, including option periods where applicable. Intangible assets and liabilities are included in Other assets, net and Accounts payable and other liabilities ( Note 5 ) on the consolidated balance sheet and summarized as follows (in thousands): September 30, 2022 December 31, 2021 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amortizable Intangible Assets In-place lease intangible assets $ 303,140 $ ( 199,808 ) $ 103,332 $ 290,819 $ ( 189,981 ) $ 100,838 Above-market rent 24,064 ( 16,776 ) 7,288 24,191 ( 16,111 ) 8,080 $ 327,204 $ ( 216,584 ) $ 110,620 $ 315,010 $ ( 206,092 ) $ 108,918 Amortizable Intangible Liabilities Below-market rent $ ( 181,202 ) $ 101,018 $ ( 80,184 ) $ ( 171,245 ) $ 94,871 $ ( 76,374 ) Above-market ground lease ( 671 ) 311 ( 360 ) ( 671 ) 267 ( 404 ) $ ( 181,873 ) $ 101,329 $ ( 80,544 ) $ ( 171,916 ) $ 95,138 $ ( 76,778 ) During the nine months ended September 30, 2022, the Company: • acquired in-place lease intangible assets of $ 28.2 million, above-market rents of $ 0.8 million, and below-market rents of $ 14.1 million with weighted-average useful lives of 6.4 , 6.9 , and 11.4 years, respectively ( Note 2 ); • derecognized in-place lease intangible assets of $ 1.3 million and below-market rent of $ 2.0 million, of which the Company's share was $ 0.3 million and $ 0.5 million, respectively, related to disposed properties ( Note 2 ); and • recorded accelerated amortization related to in-place lease intangible assets of $ 0.2 million and below-market rents of $ 4.6 million, of which the Company's share was $ 0.1 million and $ 4.5 million, respectively, related to notification of tenant non-renewals and early tenant lease terminations. During the year ended December 31, 2021, the Company: • acquired in-place lease intangible assets of $ 34.7 million, above-market rents of $ 5.3 million, and below-market rents of $ 16.3 million with weighted-average useful lives of 5.8 , 5.4 , and 27.7 years, respectively ( Note 2 ); • derecognized in-place lease intangible assets of $ 2.2 million and below-market rent of $ 4.4 million, of which the Company's share was $ 1.7 million and $ 3.0 million, respectively, related to disposed properties ( Note 2 ); and • recorded accelerated amortization related to in-place lease intangible assets of $ 1.6 million and below-market rents of $ 3.6 million, of which the Company's share was $ 1.1 million and $ 3.1 million, respectively, related to notification of tenant non-renewals and early tenant lease terminations. Amortization of in-place lease intangible assets is recorded in depreciation and amortization expense and amortization of above-market rent and below-market rent is recorded as a reduction to and increase to rental income, respectively, in the consolidated statements of operations. Amortization of above-market ground leases are recorded as a reduction to rent expense in the consolidated statements of operations. The scheduled amortization of acquired lease intangible assets and assumed liabilities as of September 30, 2022 is as follows (in thousands): Years Ending December 31, Net Increase in Increase to Reduction of Net (Expense) Income 2022 (Remainder) $ 1,688 $ ( 9,484 ) $ 15 $ ( 7,781 ) 2023 6,397 ( 31,875 ) 58 ( 25,420 ) 2024 6,209 ( 23,616 ) 58 ( 17,349 ) 2025 5,792 ( 17,184 ) 58 ( 11,334 ) 2026 5,440 ( 12,920 ) 58 ( 7,422 ) Thereafter 47,370 ( 8,253 ) 113 39,230 Total $ 72,896 $ ( 103,332 ) $ 360 $ ( 30,076 )

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	7. Debt A summary of the Company’s consolidated indebtedness is as follows (dollars in thousands): Interest Rate at Carrying Value at September 30, December 31, Maturity Date at September 30, December 31, 2022 2021 September 30, 2022 2022 2021 Mortgages Payable Core Fixed Rate 3.88 %- 5.89 % 3.88 %- 5.89 % Feb 2024 - Apr 2035 $ 144,326 $ 145,464 Core Variable Rate - Swapped (a) 3.41 %- 4.54 % 3.41 %- 4.54 % Jun 2026 - Nov 2028 60,390 72,957 Total Core Mortgages Payable 204,716 218,421 Fund II Variable Rate SOFR+ 2.61 % LIBOR+ 2.75 % - PRIME+ 2.00 % Aug 2025 132,259 255,978 Fund III Variable Rate SOFR+ 3.35 % LIBOR+ 2.75 % Jul 2023 35,970 34,728 Fund IV Fixed Rate 4.50 % 4.50 % Oct 2025 1,120 1,120 Fund IV Variable Rate LIBOR+ 1.75 %-LIBOR+ 3.65 % LIBOR+ 1.60 %-LIBOR+ 3.65 % Oct 2022 - Jun 2026 151,735 221,832 Fund IV Variable Rate - Swapped (a) 3.48 %- 4.61 % — 23,316 Total Fund IV Mortgages and Other Notes Payable 152,855 246,268 Fund V Fixed Rate 3.35 % 3.35 % May 2023 31,801 31,801 Fund V Variable Rate LIBOR + 1.85 % - SOFR + 2.76 % LIBOR + 1.85 % - SOFR + 2.76 % Jun 2023 - Nov 2026 58,136 58,878 Fund V Variable Rate - Swapped (a) 2.51 %- 5.11 % 2.43 %- 4.78 % Jan 2023 - Apr 2025 337,481 297,731 Total Fund V Mortgages Payable 427,418 388,410 Net unamortized debt issuance costs ( 8,352 ) ( 3,958 ) Unamortized premium 369 446 Total Mortgages Payable $ 945,235 $ 1,140,293 Unsecured Notes Payable Core Variable Rate Unsecured (a) 3.65 %- 5.32 % 3.65 %- 5.32 % Jun 2026 - Jul 2029 $ 650,000 $ 400,000 Fund II Unsecured Notes Payable LIBOR+ 2.25 % — 40,000 Fund IV Subscription Facility SOFR+ 2.01 % SOFR+ 2.01 % Dec 2022 — 5,000 Fund V Subscription Facility SOFR+ 1.86 % LIBOR+ 1.90 % May 2023 49,726 118,028 Net unamortized debt issuance costs ( 5,416 ) ( 3,988 ) Total Unsecured Notes Payable $ 694,310 $ 559,040 Unsecured Line of Credit Core Unsecured Line of Credit - Variable Rate LIBOR + 1.40 % LIBOR + 1.40 % Jun 2025 $ 62,050 $ 46,491 Core Unsecured Line of Credit -Swapped (a) 3.65 %- 5.32 % 3.65 %- 5.32 % Jun 2025 116,237 66,414 Total Unsecured Line of Credit $ 178,287 $ 112,905 Total Debt - Fixed Rate (b) $ 1,341,355 $ 1,038,803 Total Debt - Variable Rate (c) 489,876 780,935 Total Debt 1,831,231 1,819,738 Net unamortized debt issuance costs ( 13,768 ) ( 7,946 ) Unamortized premium 369 446 Total Indebtedness $ 1,817,832 $ 1,812,238 a) At September 30, 2022, the stated rates ranged from LIBOR + 1.50 % to LIBOR + 1.70 % for Core variable-rate debt; SOFR + 2.61 % for Fund II variable-rate debt; LIBOR + 3.10 % for Fund III variable-rate debt; LIBOR 1.75 % to LIBOR + 3.65 % for Fund IV variable-rate debt; LIBOR + 1.50 % to SOFR + 2.50 % for Fund V variable-rate debt; LIBOR + 1.55 % to SOFR + 1.60 % for Core variable-rate unsecured term loans; and LIBOR + 1.40 % for Core variable-rate unsecured lines of credit. b) Includes $ 1,164.1 million and $ 860.4 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented. c) Includes $ 107.3 million and $ 110.5 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented. Credit Facilities The Company has a $ 700.0 million senior unsecured credit facility, as amended (the “Credit Facility”), comprised of a $ 300.0 million senior unsecured revolving credit facility (the “Revolver”) which bears interest at LIBOR + 1.40 %, and a $ 400.0 million senior unsecured term loan (the “Term Loan”) which bears interest at LIBOR + 1.55 %. The Revolver matures on June 29, 2025 , subject to two six-month extension options, and the Term Loan matures on June 29, 2026 . The Credit Facility provides for an accordion feature, which allows for one or more increases in the revolving credit facility or term loan facility, for a maximum aggregate principal amount not to exceed $ 900.0 million. The Revolver and Term Loan were swapped to fixed rates at September 30, 2022. On April 6, 2022, the Company entered into a term loan (the "$175.0 Million Term Loan"). The $ 175.0 Million Term Loan bears interest at SOFR plus 1.5 % and m atures on April 6, 2027 . In addition, during the second quarter of 2022, the Company entered into swaps totaling $ 150.0 million ( Note 8 ) to fix SOFR at an average rate of 2.5 % for borrowings under the $ 175.0 Million Term Loan. The proceeds of the $ 175.0 Million Term Loan were used to pay down the Revolver. On July 29, 2022, the Company entered into an additional term loan (the "$ 75.0 Million Term Loan"). The $ 75.0 Million Term Loan bears interest at SOFR plus 2.05 % an d matures on July 29, 2029 . The proceeds of the $ 75.0 Million Term Loan were used to pay down the Revolver. During the third quarter, the Company entered into seven swap agreements with an aggregate notional amount of $ 175.0 million to fix SOFR at an average rate of 2.5 % to hedge its variable interest rate exposure. Mortgages and Other Notes Payable During the nine months ended September 30, 2022, the Company (amounts represent balances at the time of transactions): • entered into a new Fund mortgage in the amount of $ 50.2 million in the second quarter; • extended six Fund mortgages, three of which were extended during the first quarter totaling $ 78.2 million (excluding principal reductions of $ 1.1 million), two of which were extended during the second quarter total ing $ 62.2 million, and one of which was extended during the third quarter totaling $ 36.0 million; • modified the terms of one mortgage during the first quarter which had an outstanding balance of $ 20.8 million prior to modification. The maturity date was extended from February 14, 2022 to February 14, 2023 , and the interest rate was changed from LIBOR plus 1.60 % to SOFR plus 1.75 %; During the second quarter, the Company extended the term by two months and modified the $ 42.2 million (excluding principal reductions of $ 8.6 million) Fund IV bridge facility changing the rate to SOFR plus 2.56 %; During the third quarter, the Company modified the terms of the Fund IV bridge facility reflecting an extension of maturity to December 29, 2023 , which had an outstanding balance of $ 42.2 million prior to the modification. • refinanced a Core loan in the third quarter with an outstanding balance of $ 25.4 million with a new loan of $ 26.0 million at an interest rate of 4.0 % maturing July 10, 2027 . • refinanced Fund II mortgage debt and unsecured note collateralized by the real estate assets of City Point Phase II in the third quarter with an aggregate outstandin g balance of $ 255.9 million and $ 40.0 million, respectively, ("City Point debt"), with a single $ 198.0 million mortgage loan, with initial proceeds of approximately $ 132.3 million and a loan from the Company to other Fund II Investors ( Note 10 ). The mortgage has a three-year initial term and be ars interest at SOFR + 2.61 %. The mortgage is collateralized by the real estate assets of City Point, of which $ 50.0 million is guaranteed by the Operating Partnership; • entered into a swap agreement during the first quarter with a notional value of $ 15.1 million for its New Towne Center mortgage replacing the existing swap that expired ( Note 8 ); During the second quarter, the Company entered into a swap for a Fund V mortgage of $ 42.4 million fixing the all-in rate at 5.1 %; • repaid one Core mortgage of $ 12.3 million during the first quarter and repaid three Fund mortgages in the aggregate amount of $ 57.8 million in connection with the sale of properties during the first quarter ( Note 2 ); repaid one Fund mortgage during the second quarter in the amount of $ 22.7 million; repaid two Fund mortgages during the third quarter in the aggregate amount of $ 29.5 million in connection with the sale of a property during the third quarter; and • made scheduled principal payments totaling $ 5.7 million and repaid $ 17.0 million on the Fund IV secured bridge facility. During the year ended December 31, 2021, the Company (amounts represent balances at the time of transactions): • assumed a $ 31.8 million mortgage upon the acquisition of Canton Marketplace ( Note 2 ) with an interest rate of 3.35 % and a maturity date of May 1, 2023 ; Entered into a $ 29.2 million mortgage collateralized by Monroe Marketplace ( Note 2 ) with an interest rate of SOFR plus 2.76 % and a maturity date of November 12, 2026 ; • extended 11 Fund mortgages, two of which were extended during the first quarter totaling $ 37.7 million (after principal reductions of $ 1.7 million), five of which were extended during the second quarter totaling $ 125.7 million (after principal reductions of $ 6.5 million), two of which were extended during the third quarter totaling $ 53.1 million (after principal reductions of $ 10.2 million), and two of which were extended during the fourth quarter totaling $ 14.8 million (after principal reductions of $ 3.0 million); • modified the terms of the Fund IV Bridge facility during the fourth quarter reflecting an extension of maturity to June 30, 2022 which had an outstanding balance of $ 64.2 million prior to modification. The facility had an outstanding balance of $ 59.2 million and $ 79.2 million at December 31, 2021 and 2020, respectively, reflecting repayments during 2021. In addition, during the first quarter of 2021, the interest rate was changed from LIBOR plus 2.00 % to LIBOR plus 2.50 % with a floor of 0.25 %; • refinanced a Fund II loan for $ 18.5 million with a new loan of $ 16.8 million at an interest rate of LIBOR + 2.75 % maturing August 11, 2022 ; • entered into a swap agreement during the first quarter with a notional value of $ 16.7 million, for its New Towne Plaza mortgage replacing the existing swap which expired. In addition, the Company terminated two forward-starting interest rate swaps resulting in cash proceeds of approximately $ 3.4 million during the first quarter ( Note 8 ); • repaid one Core mortgage of $ 6.7 million in connection with the sale of 60 Orange Street during the first quarter and four Fund mortgages in the aggregate amount of $ 23.5 million in connection with the sale of the properties during the second quarter ( Note 2 ); and • made scheduled principal payments of $ 8.6 million. At September 30, 2022 and December 31, 2021, the Company’s mortgages were collateralized by 34 and 37 properties, respectively, and the related tenant leases. Certain loans are cross-collateralized and contain cross-default provisions. The loan agreements contain customary representations, covenants and events of default. Certain loan agreements require the Company to comply with affirmative and negative covenants, including the maintenance of debt service coverage and leverage ratios . The Operating Partnership has guaranteed up to $50.0 million of the Fund IV Bridge loan. The Company was not in default on any of its loan agreements at September 30, 2022. A portion of the Company’s variable-rate mortgage debt has been effectively fixed through certain cash flow hedge transactions ( Note 8 ). Unsecured Notes Payable Unsecured notes payable for which total availability was $ 85.3 million and $ 16.3 million at September 30, 2022 and December 31, 2021, respectively, are comprised of the following: • The outstanding balance of the Term Loan was $ 400.0 million at each of September 30, 2022 and December 31, 2021. The Company previously entered into swap agreements fixing the rate of the Term Loan balance. • The outstanding balance of the $ 175.0 Million Term Loan was $ 175.0 million at September 30, 2022 and $ 0.0 at December 31, 2021 . During the second quarter of 2022, the Company entered into swap agreements fixing the rate of the $ 175.0 Million Term Loan balance. • The outstanding balance of the $ 75.0 Million Term Loan wa s $ 75.0 mill ion at September 30, 2022 and $ 0.0 at December 31, 2021. • Fund II refinanced its City Point mortgage debt in the third quarter and replaced its $ 40.0 million term loan with a single $ 198.0 million mortgage loan and a loan from the Company to other Fund II investors ( Note 10 ). The term loan had an outstanding balance of $ 40.0 million prior to refinancing, and also at December 31, 2021, and was collateralized by the real estate assets of City Point Phase II and guaranteed by the Operating Partnership. There was no availability prior to the modification, and also at December 31, 2021. • Fund IV has a $ 5.0 million subscription line with an outstanding balance and total available credit of $ 0.0 and $ 5.0 million, respectively at September 30, 2022. The outstanding balance and total availability at December 31, 2021 were $ 5.0 million and $ 0.0 , respectively. At September 30, 2022 and December 31, 2021, Fund IV also has $ 37.0 mill ion and $ 0.0 , respectively, available on its secured bridge facility. • Fund V has a $ 100.0 million subscription line collateralized by Fund V’s unfunded capital commitments, and, to the extent of Acadia’s capital commitments, is guaranteed by the Operating Partnership. The outstanding balance and total available credit of the Fund V subscription line was $ 49.7 million and $ 43.3 million, respectively at September 30, 2022 reflecting outstanding letters of credit of $ 7.0 million and a capacity reduction in the second and third q uarter of 2022. The outstanding balance and total available credit were $ 118.0 million and $ 16.3 million at December 31, 2021 , respectively, reflecting outstanding letters of credit of $ 15.7 million. Unsecured Revolving Line of Credit At September 30, 2022 and December 31, 2021, the Company had a total of $ 121.7 million and $ 183.1 million available under its Revolver, reflecting borrowings of $ 178.3 million and $ 112.9 million and letters of credit of $ 0.0 and $ 4.0 million, respectively. At September 30, 2022 and December 31, 2021 , $ 116.2 million and $ 66.4 million, respectively, of outstanding borrowings under its Revolver were swapped to a fixed rate. Scheduled Debt Principal Payments The scheduled principal repayments, without regard to available extension options (described further below), of the Company’s consolidated indebtedness, as of September 30, 2022 are as follows (in thousands): Year Ending December 31, 2022 (Remainder) $ 85,273 2023 302,526 2024 211,448 2025 417,902 2026 445,818 Thereafter 368,264 1,831,231 Unamortized premium 369 Net unamortized debt issuance costs ( 13,768 ) Total indebtedness $ 1,817,832 The table above does not reflect available extension options (subject to customary conditions) on consolidated debt with balances as of September 30, 2022 of $ 57.9 million contractually due in the remainder of 2022 and $ 41.1 million contractually due in 2023; most for which the Company has available options to extend by up to 12 months and for some an additional 12 months thereafter. However, there can be no assurance that the Company will be able to successfully execute any or all of its available extension options. See Note 4 for information about liabilities of the Company’s unconsolidated affiliates.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	8. Financial Instruments and Fair Value Measurements The fair value of an asset is defined as the exit price, which is the amount that would either be received when an asset is sold or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-tier fair value hierarchy based on the inputs used in measuring fair value. These tiers are: Level 1, for which quoted market prices for identical instruments are available in active markets, such as money market funds, equity securities, and U.S. Treasury securities; Level 2, for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument, such as certain derivative instruments including interest rate caps and interest rate swaps; and Level 3, for financial instruments or other assets/liabilities that do not fall into Level 1 or Level 2 and for which little or no market data exists, therefore requiring the Company to develop its own assumptions. Items Measured at Fair Value on a Recurring Basis The methods and assumptions described below were used to estimate the fair value of each class of financial instrument. Money Market Funds — The Company has money market funds, which at times have zero balances and are included in Cash and cash equivalents in the consolidated balance sheets, and are comprised of government securities and/or U.S. Treasury bills. These funds were classified as Level 1 which include quoted prices from active markets to determine their fair values. Equity Investments –Albertsons became publicly traded during 2020 ( Note 4 ). Upon Albertsons’ IPO, the Company’s Investment in Albertsons has a readily determinable market value (traded on an exchange) and is being accounted for as a Level 1 investment. Derivative Assets — The Company has derivative assets, which are included in Other assets, net on the consolidated balance sheets, and are comprised of interest rate swaps and caps. The derivative instruments were measured at fair value using readily observable market inputs, such as quotations on interest rates, and were classified as Level 2 as these instruments are custom, over-the-counter contracts with various bank counterparties that are not traded in an active market. See “Derivative Financial Instruments,” below. Derivative Liabilities — The Company has derivative liabilities, which are included in Accounts payable and other liabilities on the consolidated balance sheets, and are comprised of interest rate swaps. These derivative instruments were measured at fair value using readily observable market inputs, such as quotations on interest rates, and were classified as Level 2 because they are custom, over-the-counter contracts with various bank counterparties that are not traded in an active market. See “Derivative Financial Instruments,” below. The Company did not have any transfers into or out of Level 1, Level 2, and Level 3 measurements during the nine months ended September 30, 2022 or December 31, 2021. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands): September 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Money market funds $ — $ — $ — $ — $ — $ — Derivative financial instruments — 56,578 — — 7 — Investment in Albertsons (Note 4) 102,368 — — 124,316 — — Liabilities Derivative financial instruments — ( 6 ) — — ( 45,027 ) — In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Items Measured at Fair Value on a Nonrecurring Basis Impairment Charges During 2022, the Company reduced its holding period and intended use, and projected operating income at certain properties. During 2021, the Company was impacted by the COVID-19 Pandemic, which caused the Company to reduce its forecasted operating income at certain properties. As a result, several impairments were recorded. Impairment charges for the periods presented are as follows (in thousands): Impairment Charge Property and Location Owner Triggering Event Level 3 Inputs Effective Date Total Acadia's Share 2022 Impairment Charges 146 Geary Street, Fund IV Reduced projected operating income Projections of: holding period, net operating income, cap rate, incremental costs Sept 30, 2022 $ 12,435 $ 2,875 717 N. Michigan Avenue, Fund IV Reduced holding period and intended use Offering price Sept 30, 2022 20,876 4,827 Total 2022 Impairment Charges $ 33,311 $ 7,702 2021 Impairment Charges 210 Bowery commercial unit, Fund IV Reduced projected operating income Projections of: holding period, net operating income, cap rate, incremental costs Sept 30, 2021 $ 3,016 $ 697 27 E. 61st Street Fund IV Reduced projected operating income Projections of: holding period, net operating income, cap rate, incremental costs Sept 30, 2021 6,909 1,597 Total 2021 Impairment Charges $ 9,925 $ 2,294 Derivative Financial Instruments The Company had the following interest rate swaps and caps for the periods presented (dollars in thousands): Strike Rate Fair Value Derivative Aggregate Notional Amount Effective Date Maturity Date Low High Balance Sheet September 30, December 31, Core Interest Rate Swaps $ 10,237 Dec 2012 Dec 2022 3.77 % — 3.77 % Other Liabilities $ ( 6 ) $ ( 40,650 ) Interest Rate Swap 816,390 Mar 2015 - Aug 2022 Mar 2023 - Jul 2030 1.71 % — 3.05 % Other Assets 45,045 — $ 826,627 $ 45,039 $ ( 40,650 ) Fund III Interest Rate Caps $ 35,970 Jul 2022 Jul 2023 3.50 % — 3.50 % Other Assets $ 196 $ — Fund IV Interest Rate Swaps $ — Mar 2017 - Jan 2019 Apr 2022 1.97 % — 2.61 % Other Assets $ — $ — Interest Rate Swaps — Other Liabilities — ( 167 ) Interest Rate Caps 71,338 Dec 2020 - Jul 2021 Dec 2022 - Jul 2023 3.00 % — 3.50 % Other Assets 179 7 $ 71,338 $ 179 $ ( 160 ) Fund V Interest Rate Swaps $ 337,481 Jun 2018 - Apr 2022 Oct 2022 - Apr 2025 0.91 % — 2.88 % Other Assets $ 11,158 $ — Interest Rate Swaps — Other Liabilities — ( 4,210 ) $ 337,481 $ 11,158 $ ( 4,210 ) Total asset derivatives $ 56,578 $ 7 Total liability derivatives $ ( 6 ) $ ( 45,027 ) All of the Company’s derivative instruments have been designated as cash flow hedges and hedge the future cash outflows on variable-rate debt ( Note 7 ). It is estimated that approximately $ 19.3 million included in Accumulated other comprehensive income related to derivatives will be reclassified to interest expense within the next twelve months. As of September 30, 2022 and December 31, 2021 , no derivatives were designated as fair value hedges or hedges of net investments in foreign operations. Additionally, the Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated hedges. During the first quarter of 2021, the Company terminated two interest rate swaps with forward effective dates with an aggregate notional value of $ 100.0 million for cash pr oceeds of $ 3.4 million. As the hedged forecasted transaction is still expected, amounts deferred in Accumulated other comprehensive loss will be amortized into earnings as a reduction of interest expense over the original term of the swaps beginning in 2022. Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its debt funding and, from time to time, through the use of derivative financial instruments. The Company enters into derivative financial instruments to manage exposures that result in the receipt or payment of future known and uncertain cash amounts, the values of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s investments and borrowings. The Company is exposed to credit risk in the event of non-performance by the counterparties to the swaps if the derivative position has a positive balance. The Company believes it mitigates its credit risk by entering into swaps with major financial institutions. The Company continually monitors and actively manages interest costs on its variable-rate debt portfolio and may enter into additional interest rate swap positions or other derivative interest rate instruments based on market conditions. Credit Risk-Related Contingent Features The Company has agreements with each of its swap counterparties that contain a provision whereby if the Company defaults on certain of its unsecured indebtedness, the Company could also be declared in default on its swaps, resulting in an acceleration of payment under the swaps. Other Financial Instruments The Company’s other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands, inclusive of amounts attributable to noncontrolling interests where applicable): September 30, 2022 December 31, 2021 Level Carrying Estimated Carrying Estimated Notes Receivable (a) 3 $ 123,966 $ 123,439 $ 153,886 $ 154,093 City Point Loan (a) 3 65,945 65,809 — — Mortgage and Other Notes Payable (a) 3 953,218 913,758 1,143,805 1,125,571 Investment in non-traded equity securities (b) 3 3,839 5,790 3,656 4,062 Unsecured notes payable and Unsecured line of credit (c) 2 878,013 869,530 675,933 680,171 (a) The Company determined the estimated fair value of these financial instruments using a discounted cash flow model with rates that take into account the credit of the borrower or tenant, where applicable, and interest rate risk. The Company also considered the value of the underlying collateral, taking into account the quality of the collateral, the credit quality of the borrower, the time until maturity and the current market interest rate environment. Amounts exclude discounts and loan costs. (b) Represents the Operating Partnership’s cost-method investment in Fifth Wall ( Note 4 ) . (c) The Company determined the estimated fair value of the unsecured notes payable and unsecured line of credit using quoted market prices in an open market with limited trading volume where available. In cases where there was no trading volume, the Company determined the estimated fair value using a discounted cash flow model using a rate that reflects the average yield of similar market participants. The Company’s cash and cash equivalents, restricted cash, rents receivable, accounts payable and certain financial instruments included in other assets and other liabilities had fair values that approximated their carrying values due to their short maturity profiles at September 30, 2022 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies The Company is involved in various matters of litigation arising out of, or incidental to, its business. While the Company is unable to predict with certainty the outcome of any particular matter, management does not expect, when such litigation is resolved, that the Company’s resulting exposure to loss contingencies, if any, will have a material adverse effect on its consolidated financial position. Commitments and Guaranties In conjunction with the development and expansion of various properties, the Company has entered into agreements with general contractors for the construction or development of properties aggregating approximately $ 37.2 millio n and $ 38.1 million as of September 30, 2022 and December 31, 2021, respectively. At September 30, 2022 and December 31, 2021, the Company had Core and Fund letters of credit outstanding of $ 7.0 million and $ 19.7 million, respectively ( Note 7 ). The Company has not recorded any obligation associated with these letters of credit. The majority of the letters of credit are collateral for existing indebtedness and other obligations of the Company.

Shareholders' Equity, Noncontro

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss	10. Shareholders’ Equity, Noncontrolling Interests and Other Comprehensive Loss Common Shares and Units In addition to the ATM Program activity discussed below, the Company completed the following transactions in its Common Shares during the nine months ended September 30, 2022: • The Company withhe ld 3,235 restricted shares of its Common Shares (“Restricted Shares”) to pay the employees’ statutory minimum income taxes due on the value of the portion of their Restricted Shares that vested. • The Company recognized Common Share and Common OP Unit-based compensation expense in connection with Restricted Shares and Units ( Note 13 ) totaling $ 1.9 million and $ 2.3 million for the three months ended September 30, 2022 and 2021, and $ 5.1 million and $ 7.1 mi llion for the nine months ended September 30, 2022 and 2021, respectively. In addition to the ATM Program activity discussed below, the Company completed the following transactions in its Common Shares during the year ended December 31, 2021: • The Company withheld 3,050 Restricted Shares to pay the employees’ statutory minimum income taxes due on the value of the portion of their Restricted Shares that vested. • The Company recognized Common Share and Common OP Unit-based compensation expense totaling $ 9.4 million in connection with Restricted Shares and Units ( Note 13 ). ATM Program The Company has an at-the-market equity issuance program (“ATM Program”) that provides the Company an efficient vehicle for raising public equity capital to fund its needs. The Company entered into its current $ 250.0 million ATM Program, which includes an optional “forward purchase” component, in the first quarter of 2022. The Company sold 5,525,419 Common Shares under its ATM Program during the nine months ended September 30, 2022 generating $ 123.9 million of gross proceeds and $ 119.5 million of net proceeds after related issuance costs at a weighted-average price per share of $ 22.43 and $ 21.65 , respectively. No such sales were made during the three months ended September 30, 2022 . The Company did no t sell or issue any Common Shares on a forward basis for the nine months ended September 30, 2022 or the year ended December 31, 2021 and at September 30, 2022 had approxima tely $ 222.3 million of availability under the ATM program. Share Repurchase Program During 2018, the Company’s board of trustees (the “Board”) approved a new share repurchase program, which authorizes management, at its discretion, to repurchase up to $ 200.0 million of its outstanding Common Shares. The program does not obligate the Company to repurchase any specific number of Common Shares and may be discontinued or extended at any time. The Company did no t repurchase any shares during the nine months ended September 30, 2022 or 2021. Under the share repurchase program $ 122.6 million remains available as of September 30, 2022. Dividends and Distributions The following table sets forth the distributions declared and/or paid during the periods presented: Date Declared Amount Per Share Record Date Payment Date March 15, 2021 $ 0.15 March 31, 2021 April 15, 2021 May 5, 2021 $ 0.15 June 30, 2021 July 15, 2021 August 5, 2021 $ 0.15 September 30, 2021 October 15, 2021 November 3, 2021 $ 0.15 December 31, 2021 January 14, 2022 February 15, 2022 $ 0.18 March 31, 2022 April 14, 2022 May 4, 2022 $ 0.18 June 30, 2022 July 15, 2022 August 10, 2022 $ 0.18 September 30, 2022 October 14, 2022 Accumulated Other Comprehensive Income (Loss) The following tables set forth the activity in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2022 and 2021 (in thousands): Gains or Losses Balance at July 1, 2022 $ 11,240 Other comprehensive income before reclassifications - swap agreements 44,114 Reclassification of realized interest on swap agreements 1,518 Net current period other comprehensive income 45,632 Net current period other comprehensive loss attributable to redeemable noncontrolling — Net current period other comprehensive income attributable to noncontrolling ( 7,188 ) Balance at September 30, 2022 $ 49,684 Balance at July 1, 2021 $ ( 47,909 ) Other comprehensive income before reclassifications - swap agreements 1,048 Reclassification of realized interest on swap agreements 5,476 Net current period other comprehensive income 6,524 Net current period other comprehensive income attributable to noncontrolling ( 1,784 ) Balance at September 30, 2021 $ ( 43,169 ) Acadia's Share Balance at January 1, 2022 $ ( 36,214 ) Other comprehensive income before reclassifications - swap agreements 96,899 Reclassification of realized interest on swap agreements 10,778 Net current period other comprehensive income 107,677 Net current period other comprehensive loss attributable to redeemable noncontrolling — Net current period other comprehensive income attributable to noncontrolling ( 21,779 ) Balance at September 30, 2022 $ 49,684 Balance at January 1, 2021 $ ( 74,891 ) Other comprehensive income before reclassifications - swap agreements 24,535 Reclassification of realized interest on swap agreements 16,016 Net current period other comprehensive income 40,551 Net current period other comprehensive income attributable to noncontrolling ( 8,829 ) Balance at September 30, 2021 $ ( 43,169 ) Noncontrolling Interests The following tables summarize the change in the noncontrolling interests for the three and nine months ended September 30, 2022 and 2021 (dollars in thousands): Noncontrolling (a) Noncontrolling (b) Total Redeemable Noncontrolling Interests (c) Balance at July 1, 2022 $ 103,068 $ 567,538 $ 670,606 $ - Distributions declared of $ 0.18 per Common OP Unit and distributions on Preferred OP Units ( 1,276 ) — ( 1,276 ) Net loss for the three months ended September 30, 2022 ( 2,958 ) ( 27,503 ) ( 30,461 ) ( 3,193 ) Conversion of 20,000 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 333 ) — ( 333 ) — Other comprehensive income - unrealized gain on valuation of swap agreements 2,145 4,877 7,022 — Reclassification of realized interest expense on swap agreements 5 161 166 — Acquisition of noncontrolling interest (d) — ( 50,435 ) ( 50,435 ) — City Point Loan — — - ( 65,405 ) City Point Loan accrued interest — — - ( 1,564 ) Noncontrolling interest contributions — 9,572 9,572 65,945 Noncontrolling interest distributions — ( 24,632 ) ( 24,632 ) — Employee Long-term Incentive Plan Unit Awards 1,997 — 1,997 — Reclassification of redeemable noncontrolling interests (e) — ( 76,569 ) ( 76,569 ) 76,569 Reallocation of noncontrolling interests (f) 644 — 644 — Balance at September 30, 2022 $ 103,292 $ 403,009 $ 506,301 $ 72,352 Balance at July 1, 2021 $ 95,088 $ 524,010 $ 619,098 $ — Distributions declared of $ 0.15 per Common OP Unit and distributions on Preferred OP Units ( 1,046 ) — ( 1,046 ) — Net income for the three months ended September 30, 2021 872 18,193 19,065 — Conversion of 18,000 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 288 ) — ( 288 ) — Cancellation of OP units (g) ( 479 ) — ( 479 ) — Other comprehensive loss - unrealized gain (loss) on valuation of swap agreements 227 ( 258 ) ( 31 ) — Reclassification of realized interest expense on swap agreements 53 1,762 1,815 — Noncontrolling interest contributions — 9,518 9,518 — Noncontrolling interest distributions — ( 10,127 ) ( 10,127 ) — Employee Long-term Incentive Plan Unit Awards 2,419 — 2,419 — Reallocation of noncontrolling interests (f) ( 2,060 ) — ( 2,060 ) — Balance at September 30, 2021 $ 94,786 $ 543,098 $ 637,884 $ — Noncontrolling (a) Noncontrolling (b) Total Redeemable Noncontrolling Interests (c) Balance at January 1, 2022 $ 94,120 $ 534,202 $ 628,322 $ — Distributions declared of $ 0.54 per Common OP Unit and distributions on Preferred OP Units ( 3,846 ) — ( 3,846 ) — Net loss for the nine months ended September 30, 2022 ( 1,686 ) ( 16,967 ) ( 18,653 ) ( 3,193 ) Conversion of 71,307 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 1,147 ) — ( 1,147 ) — Other comprehensive income - unrealized gain on valuation of swap agreements 4,780 13,840 18,620 — Reclassification of realized interest expense on swap agreements 80 3,079 3,159 — Acquisition of noncontrolling interest (d) — ( 91,811 ) ( 91,811 ) — City Point Loan — — — ( 65,405 ) City Point Loan accrued interest — — — ( 1,564 ) Noncontrolling interest contributions — 109,422 109,422 65,945 Noncontrolling interest distributions — ( 72,187 ) ( 72,187 ) — Employee Long-term Incentive Plan Unit Awards 7,669 — 7,669 — Reclassification of redeemable noncontrolling interests (e) — ( 76,569 ) ( 76,569 ) 76,569 Reallocation of noncontrolling interests (f) 3,322 — 3,322 — Balance at September 30, 2022 $ 103,292 $ 403,009 $ 506,301 $ 72,352 Balance at January 1, 2021 $ 89,431 $ 519,734 $ 609,165 $ — Distributions declared of $ 0.45 per Common OP Unit ( 3,146 ) — ( 3,146 ) — Net income for the nine months ended September 30, 2021 1,738 9,948 11,686 — Conversion of 43,973 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 697 ) — ( 697 ) — Cancellation of OP units (g) ( 479 ) — ( 479 ) — Other comprehensive income - unrealized gain on valuation of swap agreements 1,723 1,630 3,353 — Reclassification of realized interest expense on swap agreements 159 5,317 5,476 — Noncontrolling interest contributions — 26,627 26,627 — Noncontrolling interest distributions — ( 20,158 ) ( 20,158 ) — Employee Long-term Incentive Plan Unit Awards 8,866 — 8,866 — Reallocation of noncontrolling interests (f) ( 2,809 ) — ( 2,809 ) — Balance at September 30, 2021 $ 94,786 $ 543,098 $ 637,884 $ — (a) Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 3,062,108 and 3,101,958 Common OP Units at September 30, 2022 and 2021, respectively; (ii) 188 Series A Preferred OP Units at each of September 30, 2022 and 2021; (iii) 126,593 Series C Preferred OP Units at each of September 30, 2022 and 2021; and (iv) 3,666,989 and 3,434,894 LTIP units at September 30, 2022 and 2021, respectively, as discussed in Share Incentive Plan ( Note 13 ). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above. (b) Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and Mervyns II, an d seven ot her subsidiaries . (c) Redeemable noncontrolling interests comprise third-party interest in Fund II as limited partners in this Fund have been granted put rights. (d) Represents the acquisition of the 11.67 % noncontrolling interest in Fund II and Mervyns II acquired on June 27, 2022 for $ 18.5 million and 21.67 % in Fund II on August 1, 2022 for $ 5.8 million ( Note 1 ). (e) Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022. (f) Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership. (g) The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $ 0.5 million on July 12, 2021 ( Note 3 ) Preferred OP Units There were no issuances of Preferred OP Units during the nine months ended September 30, 2022 or the year ended December 31, 2021. In 1999, the Operating Partnership issued 1,580 Series A Preferred OP Units in connection with the acquisition of a property, which have a stated value of $ 1,000 per unit, and are entitled to a preferred quarterly distribution of the greater of (i) $ 22.50 ( 9 % annually) per Series A Preferred OP Unit or (ii) the quarterly distribution attributable to a Series A Preferred OP Unit if such unit was converted into a Common OP Unit. Through September 30, 2022, 1,392 Series A Preferred OP Units were converted into 185,600 Common OP Units and then into Common Shares. The 188 remaining Series A Preferr ed OP Units are currently convertible into Common OP Units based on the stated value divided by $ 7.50 . Either the Company or the holders can currently call for the conversion of the Series A Preferred OP Units at the lesser of $7.50 or the market price of the Common Shares as of the conversion date. During 2016, the Operating Partnership issued 442,478 Common OP Units and 141,593 Series C Preferred OP Units to a third party to acquire Gotham Plaza ( Note 4 ). The Series C Preferred OP Units have a value of $ 100.00 per unit and are entitled to a preferred quarterly distribution of $ 0.9375 per unit and are convertible into Common OP Units at a rate based on the share price at the time of conversion. If the share price is below $28.80 on the conversion date, each Series C Preferred OP Unit will be convertible into 3.4722 Common OP Units. If the share price is between $ 28.80 and $ 35.20 on the conversion date, each Series C Preferred OP Unit will be convertible into a number of Common OP Units equal to $100.00 divided by the closing share price. If the share price is above $35.20 on the conversion date, each Series C Preferred OP Unit will be convertible into 2.8409 Common OP Units. The Series C Preferred OP Units have a mandatory conversion date of December 31, 2025, at which time all units that have not been converted will automatically be converted into Common OP Units based on the same calculations. Through September 30, 2022 , 15,000 Series C Preferred OP Units were converted into 51,887 Common OP Units an d then into Common Shares. Redeemable Noncontrolling Interests Williamsburg Portfolio In connection with the Williamsburg Portfolio acquisition in February 2022 ( Note 2 ), the Company evaluated the Williamsburg Noncontrolling Interest ("NCI"), which represents the venture partner's one-time right to put its 50.01 % interest in the property to the Company for redemption at fair value at a future date. As it was unlikely as of the acquisition date that the venture partner would receive any consideration on redemption due to the Company’s preferential returns, the amount of the senior debt that would accrue and the estimated fair value of the property, the initial fair value of the Williamsburg NCI was determined to be zero. The Company is required to periodically evaluate the NCI and adjust it to fair value, should it become likely that the venture partner would receive consideration for exercising its put right. At September 30, 2022 , the Company determined that the fair value of the Williamsburg NCI was zero . City Point Loan In August 2022, the Company provided a loan, through a separate lending subsidiary, to other Fund II investors in City Point, through a separate borrower subsidiary, to fund the investors' pro rata contribution necessary to complete the refinancing of the City Point debt ( Note 7 ), of which $ 65.9 million was funded at closing ("City Point Loan"). The City Point Loan has a five-year term which matures on August 1, 2027, and is collateralized by the investors' equity in City Point ("City Point NCI"). Because the City Point Loan was granted in return for a capital contribution from the investors, and is collateralized by the City Point NCI, the City Point Loan, net of a $ 0.5 million allowance for credit loss, and accrued interest are presented as a reduction of the City Point NCI balance. The borrower subsidiary of the City Point Loan was determined to be a variable interest entity ("VIE") for which the Company is not the primary beneficiary. The maximum loss in the VIE is limited to the amount of the City Point Loan. In connection with the City Point Loan, each partner has a one-time right to put its City Point NCI to the Company for redemption in exchange for the settlement of its proportion of the City Point Loan amount plus either (i) a fixed cash amount or (ii) a cash amount equal to the value of fixed number of common shares of the Company on the trading day prior to the election, at a future point in time beginning in August 2023 ("redemption value"). As a result of granting these redemption rights, the City Point NCI, net of the City Point Loan, has been reclassified and presented as redeemable noncontrolling interests on the Company's consolidated balance sheets. Given the carrying value of the City Point NCI at the time of the transaction exceeded the maximum redemption value, the Company did not recognize any initial adjustment to accrete the City Point NCI to the redemption value. The Company is required to periodically evaluate the maximum redemption amount of the NCI interest and recognize an increase in the carrying value of the City Point NCI if the redemption value exceeds the then current carrying value. At September 30, 2022 , the Company determined that the carrying value exceeded the maximum redemption value and no adjustment was required.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	11. Leases As Lessor The Company is engaged in the operation of shopping centers and other retail properties that are either owned or, with respect to certain shopping centers, operated under long-term ground leases that expire at various dates through June 20, 2066, with renewal options (as discussed further below). Space in the shopping centers are leased to tenants pursuant to agreements that provide for terms ranging generally from one month to sixty years and generally provide for additional rents based on certain operating expenses as well as tenants’ sales volumes. During the nine months ended September 30, 2022 and 2021, the Company earned $ 44.3 million and $ 42.1 million, respectively in variable lease revenues, primarily for real estate taxes and common area maintenance charges, which are included in rental income in the consolidated statements of operations. Reserve Analysis The activity for the reserves related to billed rents and straight-line rents (including those under specific operating leases where the collection of rents is assessed to be not probable) is as follows: Nine Months Ended September 30, 2022 Balance at Provision (Recovery), Net Adjustments Write-Offs Balance at Allowance for credit loss - billed rents $ 23,586 $ ( 779 ) $ — $ ( 4,383 ) $ 18,424 Straight-line rent reserves 14,885 ( 79 ) — ( 1,347 ) 13,459 Total - rents receivable $ 38,471 $ ( 858 ) $ — $ ( 5,730 ) $ 31,883 Tenant Settlement On September 24, 2021, the Company entered into a conditional settlement agreement with its former tenant ("Former Tenant") and lease guarantor at one of its Core properties for the payment by Former Tenant and guarantor of a minimum of $ 5.4 million in accordance with a payment schedule set forth and subject to the terms in the conditional settlement agreement. The payments relate to the Former Tenant’s default under the lease and its subsequent termination by the Company. Given the inherent uncertainties involving collectability, the Company has deferred any amounts not received in its consolidated financial statements and such amounts will be recognized when realized. Through September 30, 2022 the Company had received a total o f $ 2.4 million, of which $ 0 and $ 2.4 million was recognized as credit loss recoveries and included in Rental income on the statement of operations during the three and nine months ended September 30, 2022, respectively. As Lessee During the nine months ended September 30, 2022 , there were no leasing transactions where the Company acted as lessee. During the year ended December 31, 2021, the Company: • modified its Rye, New York corporate office lease during the first quarter of 2021. As a result of the modification, the lease was remeasured, and the lease liability and right-of-use asset were each reduced by $ 0.4 million; and • terminated its Fund IV lease at 110 University Place in New York City during the second quarter of 2021 (which was previously impaired in 2020) for $ 3.6 million, and de-recognized the related right-of-use asset of $ 31.4 million, lease liability of $ 46.0 million and building improvements and other assets totaling $ 10.3 million, resulting in a gain on lease termination of $ 0.7 million, or $ 0.2 million at the Company's share, which is reflected within Gain on disposition of properties in the consolidated statements of operations. Additional disclosures regarding the Company’s leases as lessee are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease Cost Finance lease cost: Amortization of right-of-use assets $ 226 226 $ 677 $ 677 Interest on lease liabilities 103 97 305 289 Subtotal 329 323 982 966 Operating lease cost 1,334 1,334 4,004 5,850 Variable lease cost 21 23 63 57 Total lease cost $ 1,684 $ 1,680 $ 5,049 $ 6,873 Other Information Weighted-average remaining lease term - finance leases (years) 32.1 32.8 Weighted-average remaining lease term - operating leases (years) 13.6 14.2 Weighted-average discount rate - finance leases 6.3 % 6.3 % Weighted-average discount rate - operating leases 5.1 % 5.1 % Right-of-use assets – finance leases are included in Operating real estate ( Note 2 ) in the consolidated balance sheets. Lease liabilities – finance leases are included in Accounts payable and other liabilities in the consolidated balance sheets ( Note 5 ). Operating lease cost comprises amortization of right-of-use assets for operating properties (related to ground rents) or amortization of right-of-use assets for office and corporate assets and is included in Property operating expense or General and administrative expense, respectively, in the consolidated statements of operations. Finance lease cost comprises amortization of right-of-use assets for certain ground leases, which is included in Property operating expense, as well as interest on lease liabilities, which is included in Interest expense in the consolidated statements of operations. Lease Obligations The scheduled future minimum (i) rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) and (ii) rental payments under the terms of all non-cancelable operating and finance leases in which the Company is the lessee, principally for office space, land and equipment, as of September 30, 2022, are summarized as follows (in thousands): Minimum Rental Payments Year Ending December 31, Minimum Rental (a) Operating Leases (b) Finance (b) 2022 (Remainder) $ 53,052 $ 1,343 $ — 2023 225,554 5,389 — 2024 210,504 5,414 — 2025 179,257 5,329 — 2026 152,019 5,173 — Thereafter 638,628 24,437 12,549 1,459,014 47,085 12,549 Interest — ( 10,928 ) ( 5,632 ) Total $ 1,459,014 $ 36,157 $ 6,917 a) Amount represents contractual lease maturities at September 30, 2022 including any extension options that management determined were reasonably certain of exercise. b) Minimum rental payments exclude options or renewals not reasonably certain of exercise. During the three and nine months ended September 30, 2022 and 2021 , no single tenant or property collectively comprised more than 10 % of the Company’s consolidated total revenues.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Reporting	12. Segmen t Reporting The Company has three reportable segments: Core Portfolio, Funds and Structured Financing. The Company’s Core Portfolio consists primarily of high-quality retail properties located primarily in high-barrier-to-entry, densely-populated metropolitan areas with a long-term investment horizon. The Company’s Funds hold primarily retail real estate in which the Company co-invests with high-quality institutional investors. The Company’s Structured Financing segment consists of earnings and expenses related to notes and mortgages receivable which are held within the Core Portfolio or the Funds ( Note 3 ). Fees earned by the Company as the general partner or managing member of the Funds are eliminated in the Company’s consolidated financial statements and are not presented in the Company’s segments. The following tables set forth certain segment information for the Company (in thousands): For the Three Months Ended September 30, 2022 Core Funds Structured Unallocated Total Revenues $ 50,076 $ 29,870 $ — $ — $ 79,946 Depreciation and amortization ( 18,811 ) ( 14,933 ) — — ( 33,744 ) Property operating expenses and real estate taxes ( 14,808 ) ( 10,751 ) — — ( 25,559 ) General and administrative expenses — — — ( 10,170 ) ( 10,170 ) Impairment charges — ( 33,311 ) — — ( 33,311 ) Gain on disposition of properties — 8,885 — — 8,885 Operating income (loss) 16,457 ( 20,240 ) — ( 10,170 ) ( 13,953 ) Interest and other income — — 3,994 — 3,994 Realized and unrealized holding losses on investments and other — ( 7,257 ) ( 605 ) — ( 7,862 ) Equity in losses of unconsolidated affiliates ( 49,806 ) ( 773 ) — — ( 50,579 ) Interest expense ( 10,428 ) ( 10,734 ) — — ( 21,162 ) Income tax benefit — — — 17 17 Net loss ( 43,777 ) ( 39,004 ) 3,389 ( 10,153 ) ( 89,545 ) Net loss attributable to redeemable noncontrolling interests — 3,193 — — 3,193 Net loss attributable to noncontrolling interests 2,884 27,577 — — 30,461 Net loss attributable to Acadia $ ( 40,893 ) $ ( 8,234 ) $ 3,389 $ ( 10,153 ) $ ( 55,891 ) For the Three Months Ended September 30, 2021 (As Restated) Core Funds Structured Unallocated Total Revenues $ 45,942 $ 25,954 $ — $ — $ 71,896 Depreciation and amortization ( 17,678 ) ( 12,386 ) — — ( 30,064 ) Property operating expenses and real estate taxes ( 13,911 ) ( 9,560 ) — — ( 23,471 ) General and administrative expenses — — — ( 9,910 ) ( 9,910 ) Impairment charges — ( 9,925 ) — — ( 9,925 ) Operating income (loss) 14,353 ( 5,917 ) — ( 9,910 ) ( 1,474 ) Interest and other income — — 2,354 — 2,354 Realized and unrealized holding gains (losses) on investments and other — 47,643 ( 1,150 ) — 46,493 Equity in (losses) earnings of unconsolidated affiliates ( 485 ) 857 — — 372 Interest expense ( 7,322 ) ( 9,292 ) — — ( 16,614 ) Income tax provision — — — ( 59 ) ( 59 ) Net income 6,546 33,291 1,204 ( 9,969 ) 31,072 Net income attributable to noncontrolling interests ( 912 ) ( 18,153 ) — — ( 19,065 ) Net income attributable to Acadia $ 5,634 $ 15,138 $ 1,204 $ ( 9,969 ) $ 12,007 As of or for the Nine Months Ended September 30, 2022 Core Funds Structured Unallocated Total Revenues $ 151,650 $ 94,062 $ — $ — $ 245,712 Depreciation and amortization ( 56,547 ) ( 45,881 ) — — ( 102,428 ) Property operating expenses and real estate taxes ( 44,379 ) ( 31,005 ) — — ( 75,384 ) General and administrative expenses — — — ( 32,768 ) ( 32,768 ) Impairment charges — ( 33,311 ) — — ( 33,311 ) Gain on disposition of properties — 49,916 — — 49,916 Operating income 50,724 33,781 — ( 32,768 ) 51,737 Interest and other income — — 9,890 — 9,890 Realized and unrealized holding gains (losses) on investments and other 1,163 ( 19,073 ) ( 505 ) — ( 18,415 ) Equity in (losses) earnings of unconsolidated affiliates ( 47,402 ) 1,233 — — ( 46,169 ) Interest expense ( 26,543 ) ( 31,766 ) — — ( 58,309 ) Income tax provision — — — ( 7 ) ( 7 ) Net loss ( 22,058 ) ( 15,825 ) 9,385 ( 32,775 ) ( 61,273 ) Net loss attributable to redeemable noncontrolling interests — 3,193 — — 3,193 Net loss attributable to noncontrolling interests 1,398 17,255 — — 18,653 Net (loss) income attributable to Acadia $ ( 20,660 ) $ 4,623 $ 9,385 $ ( 32,775 ) $ ( 39,427 ) Real estate at cost (a) $ 2,614,103 $ 1,651,319 $ — $ — $ 4,265,422 Total assets (a) $ 2,636,041 $ 1,603,491 $ 123,966 $ — $ 4,363,498 Cash paid for acquisition of real estate $ 242,633 $ — $ — $ — $ 242,633 Cash paid for development and property improvement costs $ 22,325 $ 14,538 $ — $ — $ 36,863 As of or for the Nine Months Ended September 30, 2021 As Restated Core Funds Structured Unallocated Total Revenues $ 134,292 $ 78,848 $ — $ — $ 213,140 Depreciation and amortization ( 51,898 ) ( 39,346 ) — — ( 91,244 ) Property operating expenses and real estate taxes ( 41,773 ) ( 30,963 ) — — ( 72,736 ) General and administrative expenses — — — ( 29,555 ) ( 29,555 ) Impairment charges — ( 9,925 ) — — ( 9,925 ) Gain on disposition of properties 4,612 5,909 — — 10,521 Operating income 45,233 4,523 — ( 29,555 ) 20,201 Interest and other income — — 6,108 — 6,108 Realized and unrealized holding gains (losses) on investments and other — 57,031 ( 3,571 ) — 53,460 Equity in (losses) earnings of unconsolidated affiliates ( 944 ) 4,097 — — 3,153 Interest expense ( 21,863 ) ( 28,439 ) — — ( 50,302 ) Income tax provision — — — ( 399 ) ( 399 ) Net income 22,426 37,212 2,537 ( 29,954 ) 32,221 Net income attributable to noncontrolling interests ( 1,926 ) ( 9,760 ) — — ( 11,686 ) Net income attributable to Acadia $ 20,500 $ 27,452 $ 2,537 $ ( 29,954 ) $ 20,535 Real estate at cost (a) $ 2,328,208 $ 1,737,786 $ — $ — $ 4,065,994 Total assets (a) $ 2,201,871 $ 1,827,565 $ 154,849 $ — $ 4,184,285 Cash paid for acquisition of real estate $ — $ 63,425 $ — $ — $ 63,425 Cash paid for development and property improvement costs $ 11,601 $ 14,334 $ — $ — $ 25,935 a) Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively.

Share Incentive and Other Compe

Share Incentive and Other Compensation	9 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Share Incentive and Other Compensation	13. Share Incentive a nd Other Compensation Share Incentive Plan The 2020 Share Incentive Plan (the “Share Incentive Plan”) authorizes the Company to issue options, Restricted Shares, LTIP Units and other securities (collectively “Awards”) to, among others, the Company’s officers, trustees and employees. At September 30, 2022 a total of 1,551,407 shares remained available to be issued under the Share Incentive Plan. Restricted Shares and LTIP Units - Employees During the nine months ended September 30, 2022, and the year ended December 31, 2021 , the Company issued 600,672 and 636,646 LTIP Units and 13,178 and 11,244 restricted share units (“Restricted Share Units”), respectively, to employees of the Company pursuant to the Share Incentive Plan. These awards were measured at their fai r value on the grant date, incorporating the following factors: • A portion of these annual equity awards is granted in performance-based Restricted Share Units or LTIP Units that may be earned based on the Company’s attainment of specified relative total shareholder returns (“Relative TSR”) hurdles. • In the event the Relative TSR percentile falls between the 25th percentile and the 50th percentile, the Relative TSR vesting percentage is determined using a straight-line linear interpolation between 50 % and 100 % and in the event that the Relative TSR percentile falls between the 50th percentile and 75th percentile, the Relative TSR vesting percentage is determined using a straight-line linear interpolation between 100 % and 200 %. • Two-thirds (2/3) of the performance-based LTIP Units will vest based on the Company’s total shareholder return (“TSR”) for the three-year forward-lo oking performance period relative to the constituents of the National Association of Real Estate Investment Trusts (“NAREIT”) Shopping Center Property Subsector and one-third (1/3) on the Company’s TSR for the three-year forward-looking performance period as compared to the constituents of the NAREIT Retail Property Sector (both on a non-weighted basis). • If the Company’s performance fails to achieve the aforementioned hurdles at the culmination of the three-year performance period, all performance-based shares will be forfeited. Any earned performance-based shares vest 60 % at the end of the performance period, with the remaining 40 % of shares vesting ratably over the next two years . For valuation of the 2022 and 2021 Performance Shares, a Monte Carlo simulation was used to estimate the fair values based on probability of satisfying the market conditions and the projected share prices at the time of payments, discounted to the valuation dates over the three-year performance periods. The assumptions include volatility ( 49.0 % and 48.0 %) and risk-free interest rates of ( 1.7 % and 0.2 %) for 2022 and 2021, respectively. The total value of the 2022 and 2021 Performance Shares will be expensed over the vesting period regardless of the Company’s performance. The total value of the above Restricted Share Units and LTIP Units as of the grant dat e was $ 13.0 million dur ing the nine months ended September 30, 2022 and $ 12.6 million during the year ended December 31, 2021. Total long-term incentive compensation expense, including the expense related to the Share Incentive Plan, was $ 1.9 million and $ 2.3 million for the three months ended September 30, 2022 and 2021, and $ 5.1 million and $ 7.1 million for the nine months ended September 30, 2022 and 2021, respectively and is recorded in General and administrative expense in the consolidated statements of operations. Restricted Shares and LTIP Units - Board of Trustees In addition, members of the Board have been issued shares and units under the Share Incentive Plan. During the nine months ended September 30, 2022, the Comp any issued 28,555 LTIP Units and 29,935 Restricted Share Units as compensation to the Trustees of the Company. A portion of the LTIP Units and Restricted Share Units vest over three years with 33 % vesting May 9, 2023 and the remaining amount vesting ratably on May 9, 2024 and May 9, 2025. The remaining awards vest on May 9, 2023. The Restricted Shares do not carry voting rights or other rights of Common Shares until vesting and may not be transferred, assigned or pledged until the recipients have a vested non-forfeitable right to such shares. Dividends are not paid currently on unvested Restricted Shares, but are paid cumulatively from the issuance date through the applicable vesting date of such Restricted Shares. Total trustee fee expense, including the expense related to the Share Incentive P lan, was $ 1.2 million for each of the nine months ended September 30, 2022 and 2021, respectively, and is recorded in General and Administrative expense in the consolidated statements of operations. Long-Term Incentive Alignment Program In 2009, the Company adopted the Long-Term Incentive Alignment Program (the “Program”) pursuant to which the Company may grant awards to employees, entitling them to receive up to 25 % of any potential future payments of Promote to the Operating Partnership from Funds III, IV and V. The Company has granted such awards to employees representing 25 % of the potential Promote payments from Fund III to the Operating Partnership, 23.1 % of the potential Promote payments from Fund IV to the Operating Partnership and 10.7 % of the potential Promote payments from Fund V to the Operating Partnership. Payments to senior executives under the Program require further Board approval at the time any potential payments are due pursuant to these grants. Compensation relating to these awards will be recognized in each reporting period in which Board approval is granted. As payments to other employees are not subject to further Board approval, compensation relating to these awards will be recorded based on the estimated fair value at each reporting period in accordance with ASC Topic 718, Compensation– Stock Compensation. The awards in connection with Fund IV were determined to have no intrinsic value as of September 30, 2022 or December 31, 2021. The Company recognized $ 0.4 million and $ 0.1 million of compensation expense for Funds III and V, respectively for the nine months ended September 30, 2022 related to the Program in connection with the resignation of an employee. No compensation expense was recognized for the year ended December 31, 2021 related to the Program. A summary of the status of the Company’s unvested Restricted Shares and LTIP Units is presented below: Unvested Restricted Shares and LTIP Units Common Weighted LTIP Units Weighted Unvested at December 31, 2020 89,911 $ 15.42 1,122,889 $ 24.38 Granted 43,078 19.94 666,967 19.48 Vested ( 43,084 ) 16.85 ( 283,024 ) 26.66 Forfeited ( 159 ) 36.22 ( 91,637 ) 36.22 Unvested at December 31, 2021 89,746 16.87 1,415,195 20.85 Granted 43,113 21.36 629,227 21.16 Vested ( 38,194 ) 20.10 ( 308,608 ) 22.88 Forfeited ( 1,930 ) 31.82 ( 278,332 ) 31.16 Unvested at September 30, 2022 92,735 $ 17.31 1,457,482 $ 18.59 The weighted-average grant date fair value for Restricted Shares and LTIP Units granted for the nine months ended September 30, 2022 and the year ended December 31, 2021 w ere $ 21.17 and $ 19.51 , respec tively. As of September 30, 2022, there wa s $ 18.2 million of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Share Incentiv e Plan. That cost is expected to be recognized over a weighted-average peri od of 1.6 years. The to tal fair value of Restricted Shares that vested during the nine months ended September 30, 2022 and the year ended December 31, 2021, w as $ 0.8 million and $ 0.8 million, re spectively. The total fair value of LTIP Units that vested (LTIP units vest primarily during the first quarter) during the nine months ended September 30, 2022 and the year ended December 31, 2021, w as $ 7.1 million and $ 7.5 million, resp ectively. Other Plans On a combined basis, the Company incurred a total of $ 0.4 million and $ 0.3 million of compensation expense relate d to the following employee benefit plans for the nine months ended September 30, 2022 and 2021, respectively. Employee Share Purchase Plan The Acadia Realty Trust Employee Share Purchase Plan (the “Purchase Plan”), allows eligible employees of the Company to purchase Common Shares through payroll deductions. The Purchase Plan provides for employees to purchase Common Shares on a quarterly basis at a 15 % discount to the closing price of the Company’s Common Shares on either the first day or the last day of the quarter, whichever is lower. A participant may not purchase more than $ 25,000 in Common Shares per year. Compensation expense will be recognized by the Company to the extent of the above discount to the closing price of the Common Shares with respect to the applicable quarter. A total of 6,188 and 6,111 Common Shares were purchased by employees under the Purchase Plan for the nine months ended September 30, 2022 and 2021, respectively. Deferred Share Plan The Company maintains a Trustee Deferral and Distribution Election program, under which the participating Trustees earn deferred compensation. Employee 401(k) Plan The Company maintains a 401(k) plan for employees under which the Company currently matches 50 % of a plan participant’s contribution up to 6 % of the employee’s annual salary. A plan participant may contribute up to a maximum of 15 % of their compensation, up to $ 20,500 , for the year ending December 31, 2022.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	14. Earnings P er Common Share Basic earnings per Common Share is computed by dividing net income attributable to Common Shareholders by the weighted-average Common Shares outstanding ( Note 10 ). During the periods presented, the Company had unvested LTIP Units which provide for non-forfeitable rights to dividend equivalent payments. Accordingly, these unvested LTIP Units are considered participating securities and are included in the computation of basic earnings per Common Share pursuant to the two-class method. Diluted earnings per Common Share reflects the potential dilution of the conversion of obligations and the assumed exercises of securities including the effects of Restricted Share Units issued under the Company’s Share Incentive Plans ( Note 13 ). The effect of such shares is excluded from the calculation of earnings per share when anti-dilutive as indicated in the table below. The effect of the conversion of Common OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Common Shares on a one -for-one basis . The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share. Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2022 2021 2022 2021 Numerator: (As Restated) (As Restated) Net (loss) income attributable to Acadia $ ( 55,891 ) $ 12,007 $ ( 39,427 ) $ 20,535 Less: net income attributable to participating securities ( 198 ) ( 156 ) — ( 468 ) (Loss) income from continuing operations net of income attributable to participating securities for basic (loss) earnings per share ( 56,089 ) 11,851 ( 39,427 ) 20,067 Impact of City Point Loan share conversion option (a) ( 1,804 ) — ( 1,804 ) — (Loss) income from continuing operations net of income attributable to participating securities for diluted (loss) earnings per share $ ( 57,893 ) $ 11,851 $ ( 41,231 ) $ 20,067 Denominator: Weighted average shares for basic earnings per share 94,980,333 88,480,844 94,757,678 87,217,422 Effect of dilutive securities: Series A Preferred OP Units — — — — Employee unvested restricted shares — — — — City Point Loan common stock conversion option (Note 10) (a) 270,635 — 91,203 — Denominator for diluted earnings per share 95,250,968 88,480,844 94,848,881 87,217,422 Basic (loss) earnings per Common Share from continuing operations attributable to Acadia $ ( 0.59 ) $ 0.13 $ ( 0.42 ) $ 0.23 Diluted (loss) earnings per Common Share from continuing operations attributable to Acadia $ ( 0.61 ) $ 0.13 $ ( 0.43 ) $ 0.23 Anti-Dilutive Shares Excluded from Denominator: Series A Preferred OP Units 188 188 188 188 Series A Preferred OP Units - Common share equivalent 25,067 25,067 25,067 25,067 Series C Preferred OP Units 126,593 126,593 126,593 126,593 Series C Preferred OP Units - Common share equivalent 439,556 439,556 439,556 439,556 Restricted shares 69,832 70,827 69,832 70,827 The impact of assumed conversion of dilutive convertible securities is related to the assumed conversion of potential common shares of the Company that could be subsequently issued in connection with the City Point Loan ( Note 10 ) for the stub-period until the put rights were modified for a cash-only settlement option in the third quarter of 2022.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events Dispositions On October 7, the Company sold a land parcel in its Henderson Avenue Portfolio in Dallas, Texas, for $ 3.0 million. On October 13, 2022, Fund IV disposed of an unconsolidated property for $ 46.1 million. Financing Activities On October 31, 2022, Fund IV extended a mortgage on a property with an outstanding balance of $ 25.5 million to mature on April 28, 2023 , pursuant to an existing extension option.

Organization, Basis of Presen_2

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Restatement of Prior Year Amounts As discussed in the Company's 2021 consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"), the Company restated each of the quarterly and year-to-date periods ended March 31, 2021, June 30, 2021 and September 30, 2021. Amounts as of or for the period ended September 30, 2021 depicted in these interim consolidated financial statements as "As Restated" are taken from the Company's restatement disclosures in the Annual Report on Form 10-K for the year ended December 31, 2021. See the 2021 consolidated financial statements included in the Annual Report for details of the restatement adjustments.
Segments	Segments At September 30, 2022 , the Company had three reportable operating segments: Core Portfolio, Funds and Structured Financing. The Company’s chief operating decision maker may review operational and financial data on a property-level basis and does not differentiate properties on a geographical basis for purposes of allocating resources or capital.
Principles of Consolidation	Principles of Consolidation The interim consolidated financial statements include the consolidated accounts of the Company and its investments in partnerships and limited liability companies in which the Company has control, including where the Company has been determined to be a primary beneficiary of a variable interest entity ("VIE"), in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810 “Consolidation” (“ASC Topic 810”). The ownership interests of other investors in these entities are recorded as noncontrolling interests. All significant intercompany balances and transactions have been eliminated in consolidation. The Company consolidates a VIE in which it is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity's economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. The Company assesses the accounting treatment and determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and continuously reconsiders that conclusion. In determining whether the Company is the primary beneficiary, it evaluates its control rights as well as economic interests in the entity held either directly or indirectly by the Company. Each entity is assessed on an individual basis to determine the rights provided to each party and whether those rights are protective or participating. For all VIEs, the Company reviews such agreements in order to determine which party has the power to direct the activities that most significantly impact the entity's economic performance. For those entities evaluated under the voting interest model, the Company consolidates the entity if it has a controlling financial interest. The Company has a controlling financial interest in a voting interest entity (“VOE”) if it owns a majority voting interest in the entity. Investments in entities for which the Company has the ability to exercise significant influence over, but does not have financial or operating control through its voting interest and entities which are VIEs but where the Company is not the primary beneficiary, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or losses) of these entities are included in consolidated net income or loss. The interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full fiscal year. The information furnished in the accompanying consolidated financial statements reflects all adjustments that, in the opinion of management, are necessary for a fair presentation of the aforementioned consolidated financial statements for the interim periods. Such adjustments consisted of normal recurring items. These interim consolidated financial statements should be read in conjunction with the Company’s 2021 consolidated financial statements included in the Annual Report.
Variable Interest Entities	Variable Interest Entities The Operating Partnership is considered a VIE in which the Company is the primary beneficiary because the limited partners do not have substantive kick-out or participating rights. As of September 30, 2022 and December 31, 2021, the Operating Partnership held interests in the Funds and two consolidated entities owning properties that were determined to be VIEs in which the Company is the primary beneficiary as it has (i) the power to direct the activities of the entity that most significantly impact the entity's economic performance, and (ii) the obligation to absorb the entity's losses or receive benefits from the entity that could potentially be significant to the entity. The majority of the operations of these VIEs are funded with fees earned from investment opportunities or cash flows generated from the properties. The Company has not provided financial support to any of these VIEs that it was not previously contractually required to provide, which consists primarily of funding any capital commitments and capital expenditures, which are deemed necessary to continue to operate the entity and any operating cash shortfalls the entity may experience. Since the Company conducts its business through and substantially all of its interests are held by the Operating Partnership, the assets and liabilities on the consolidated balance sheets represent the assets and liabilities of the Operating Partnership. As of September 30, 2022 and December 31, 2021, t he consolidated balance sheets include the following assets and liabilities of consolidated VIEs of the Operating Partnership: (dollars in thousands) September 30, 2022 December 31, 2021 VIE ASSETS Operating real estate, net $ 1,468,831 $ 1,482,636 Real estate under development 132,612 161,485 Notes receivable, net — 725 Investments in and advances to unconsolidated affiliates 241,641 200,827 Other assets, net 97,025 94,303 Right-of-use assets - operating leases, net 2,636 2,935 Cash and cash equivalents 14,629 9,761 Restricted cash 12,573 9,757 Rents receivable, net 17,076 16,126 Total VIE assets (a) $ 1,987,023 $ 1,978,555 VIE LIABILITIES Mortgage and other notes payable, net $ 766,935 $ 948,045 Unsecured notes payable, net 49,697 162,828 Accounts payable and other liabilities 98,694 96,212 Lease liability - operating leases, net 2,764 3,077 Total VIE liabilities (a) $ 918,090 $ 1,210,162 a) At September 30, 2022 and December 31, 2021, includes total VIE assets of $ 680.6 million and $69 4.3 million, respectively, and total VIE liabilities of $ 202.4 million and $ 393.9 million, respectively, related to third-party mortgages that are collateralized by the real estate assets of City Point, a Fund II property, and 27 East 61st Street, 801 Madison Avenue, and 1035 Third Avenue, Fund IV properties, of which $ 72.7 million is guaranteed by the Operating Partnership ( Note 7 ). The remaining VIE assets are generally encumbered by third-party recourse mortgage debt and are collateral under the respective mortgages and are therefore restricted and can only be used to settle the corresponding liabilities of the VIE. Th e remaining VIE assets may only be used to settle obligations of these consolidated VIEs and the remaining VIE liabilities are only the obligations of these consolidated VIEs and they do not have recourse to the Operating Partnership or the Company.
Use of Estimates	Use of Estimates GAAP requires the Company’s management to make estimates and assumptions that affect the amounts reported in the interim consolidated financial statements and accompanying notes. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition and the collectability of notes receivable and rents receivable. Application of these estimates and assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates.
Recently Adopted Accounting and Reporting Guidance	Recently Adopted Accounting and Reporting Guidance In August 2020, the FASB issued ASU 2020-06— Debt with conversion and other options (Subtopic 470-20) and derivatives and hedging—contracts in entity's own equity (Subtopic 815-40)—accounting for convertible instruments and contracts in an entity's own equity . This ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The ASU simplifies accounting for convertible instruments and simplifies the diluted earnings per share (EPS) calculation in certain areas. This ASU is effective for fiscal years beginning after December 15, 2021. Currently, the Company does not have any such debt instruments and, as a result, the implementation of this guidance did not have an effect on the Company’s consolidated financial statements. In May 2021, the FASB issued ASU 2021-04 Modification of Equity-Classified Written Call Options — Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40) : Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options — to codify how an issuer should account for modifications made to equity-classified written call options (a warrant to purchase the issuer’s common stock). The guidance in the ASU requires the issuer to treat a modification of an equity-classified warrant that does not cause the warrant to become liability-classified as an exchange whether structured as an amendment or reissuance and is effective for all periods beginning after December 15, 2021 with early application permitted. The Company does not currently have any outstanding equity awards with written call options. As a result, the implementation of this guidance did not have an effect on the Company’s consolidated financial statements. In July 2021, the FASB issued ASU 2021-05 Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments . This Update requires a lessor to classify a lease with entirely or partially variable payments that do not depend on an index or rate as an operating lease if another classification (i.e. sales-type or direct financing) would trigger a commencement date selling loss. The guidance in the ASU is effective for all periods beginning after December 15, 2021 with early application permitted and may be applied either retrospectively or prospectively. The Company does not currently have any sales-type or direct financing leases as lessor. As a result, the implementation of this guidance did not have an effect on the Company’s consolidated financial statements. In January 2021, the FASB issued ASU 2021-01 Reference Rate Reform (Topic 848) which modifies ASC 848, which was intended to provide relief related to “contracts and transactions that reference LIBOR or a reference rate that is expected to be discontinued as a result of reference rate reform.” ASU 2021-01 expands the scope of ASC 848 to include all affected derivatives and give reporting entities the ability to apply certain aspects of the contract modification and hedge accounting expedients to derivative contracts affected by the discounting transition. ASU 2021-01 also adds implementation guidance to clarify which optional expedients in ASC 848 may be applied to derivative instruments that do not reference LIBOR or a reference rate that is expected to be discontinued, but that are being modified as a result of the discounting transition. Currently, the Company does not anticipate the need to modify any existing debt agreements as a result of reference rate reform in the current year. If any modification is executed as a result of reference rate reform, the Company will elect the optional practical expedient under ASU 2020-04 and 2021-01, which allows entities to account for the modification as if the modification was not substantial. As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements In March 2022, the FASB issued ASU 2022-01 Derivatives and Hedging (Topic 815) Fair Value Hedging—Portfolio Layer Method . The amendments in this Update allow non-prepayable financial assets also to be included in a closed portfolio hedged using the portfolio layer method. That expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and non-prepayable financial assets, thereby allowing consistent accounting for similar hedges. The guidance in the ASU is effective for all periods beginning after December 15, 2022 with early application permitted and may be applied prospectively. The Company does not currently utilize the portfolio layer method. As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU 2022-02 Financial Instruments—Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures . Rather than applying the recognition and measurement guidance for Troubled Debt Restructurings ("TDRs"), an entity must apply the loan refinancing and restructuring guidance in ASC 310-20-35-9 through 35-11 to determine whether a modification results in a new loan or a continuation of an existing loan. In addition, this Update requires that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost . The guidance in the ASU is effective for all periods beginning after December 15, 2022 with early application permitted and may be applied prospectively. The Company does not currently have any financial instruments that meet the definition of a TDR. As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements. In June 2022, the FASB issued ASU 2022-03 Fair Value Measurement (Topic 820)—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The guidance in this update clarifies how the fair value of equity securities subject to contractual sale restrictions is determined, and amends ASC 820 to clarify that a contractual sale restriction should not be considered in measuring fair value. It also requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. The guidance in the ASU is effective for all periods beginning after December 15, 2023 with early application permitted and may be applied prospectively. The Company's investment in Albertsons is subject to a contractual sale restriction, however, the Company does not consider this sale restriction in measuring its fair value ( Note 8 ). As a result, the implementation of this guidance is not expected to have an effect on the Company’s consolidated financial statements.
Lease Intangibles	Upon acquisitions of real estate ( Note 2 ), the Company assesses the fair value of acquired assets (including land, buildings and improvements, and identified intangibles such as above- and below-market leases, including below-market options and acquired in-place leases) and assumed liabilities. The lease intangibles are amortized over the remaining terms of the respective leases, including option periods where applicable.
Earnings Per Common Share	Basic earnings per Common Share is computed by dividing net income attributable to Common Shareholders by the weighted-average Common Shares outstanding ( Note 10 ). During the periods presented, the Company had unvested LTIP Units which provide for non-forfeitable rights to dividend equivalent payments. Accordingly, these unvested LTIP Units are considered participating securities and are included in the computation of basic earnings per Common Share pursuant to the two-class method. Diluted earnings per Common Share reflects the potential dilution of the conversion of obligations and the assumed exercises of securities including the effects of Restricted Share Units issued under the Company’s Share Incentive Plans ( Note 13 ). The effect of such shares is excluded from the calculation of earnings per share when anti-dilutive as indicated in the table below. The effect of the conversion of Common OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Common Shares on a one -for-one basis . The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share.

Organization, Basis of Presen_3

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Operating Partnership's Equity Interest	The following table summarizes the general terms and Operating Partnership’s equity interests in the Funds and Mervyns II (dollars in millions): Entity Formation Operating Capital Called (b) Unfunded (b, c) Equity Interest (a) Preferred Total (b, c) Fund II and Mervyns II (c,d) 6/2004 61.67 % $ 557.3 $ — 61.67 % 8 % $ 172.5 Fund III 5/2007 24.54 % 448.1 1.9 24.54 % 6 % 603.5 Fund IV 5/2012 23.12 % 488.1 41.9 23.12 % 6 % 221.4 Fund V (e) 8/2016 20.10 % 347.9 172.1 20.10 % 6 % 79.6 (a) Amount represents the current economic ownership at September 30, 2022, which could differ from the stated legal ownership based upon the cumulative preferred returns of the respective Fund. (b) Represents the total for the Funds, including the Operating Partnership and noncontrolling interests’ shares. (c) During the second quarter of 2022, the Company increased its ownership in Fund II and Mervyns II by 11.67 %, from 28.33 % to 40.00 %, with the investment of $ 18.5 million. During the third quarter of 2022, the Company increased its ownership in Fund II by 21.67 %, from 40.00 % to 61.67 %, for $ 5.8 million. Each of the remaining partners in Fund II have a right to put their equity interests to the Company ( Note 10 ). (d) D uring August 2020, a recallable distribution of $ 15.7 million was made by Mervyn’s II to its investors, of which $ 4.5 million was the Company’s share. During 2021 and 2022, Mervyn’s II recalled $ 11.9 million and $ 3.8 million, respectively, of the $15.7 million, of which the Company's share is $ 3.4 million and $ 1.2 million, respectively. (e) As of August 23, 2022, Fund V's investment period was extended to August 25, 2023 .
Schedule of Assets and Liabilities Included in Consolidated Balance Sheets	he consolidated balance sheets include the following assets and liabilities of consolidated VIEs of the Operating Partnership: (dollars in thousands) September 30, 2022 December 31, 2021 VIE ASSETS Operating real estate, net $ 1,468,831 $ 1,482,636 Real estate under development 132,612 161,485 Notes receivable, net — 725 Investments in and advances to unconsolidated affiliates 241,641 200,827 Other assets, net 97,025 94,303 Right-of-use assets - operating leases, net 2,636 2,935 Cash and cash equivalents 14,629 9,761 Restricted cash 12,573 9,757 Rents receivable, net 17,076 16,126 Total VIE assets (a) $ 1,987,023 $ 1,978,555 VIE LIABILITIES Mortgage and other notes payable, net $ 766,935 $ 948,045 Unsecured notes payable, net 49,697 162,828 Accounts payable and other liabilities 98,694 96,212 Lease liability - operating leases, net 2,764 3,077 Total VIE liabilities (a) $ 918,090 $ 1,210,162 a) At September 30, 2022 and December 31, 2021, includes total VIE assets of $ 680.6 million and $69 4.3 million, respectively, and total VIE liabilities of $ 202.4 million and $ 393.9 million, respectively, related to third-party mortgages that are collateralized by the real estate assets of City Point, a Fund II property, and 27 East 61st Street, 801 Madison Avenue, and 1035 Third Avenue, Fund IV properties, of which $ 72.7 million is guaranteed by the Operating Partnership ( Note 7 ). The remaining VIE assets are generally encumbered by third-party recourse mortgage debt and are collateral under the respective mortgages and are therefore restricted and can only be used to settle the corresponding liabilities of the VIE. Th e remaining VIE assets may only be used to settle obligations of these consolidated VIEs and the remaining VIE liabilities are only the obligations of these consolidated VIEs and they do not have recourse to the Operating Partnership or the Company.

Real Estate (Tables)

Real Estate (Tables)	9 Months Ended
	Sep. 30, 2022
Acquisition And Disposition Of Properties And Discontinued Operations [Abstract]
Schedule of Consolidated Real Estate	The Company’s consolidated real estate is comprised of the following for the periods presented (in thousands): September 30, December 31, 2022 2021 Land $ 829,313 $ 739,641 Buildings and improvements 2,998,230 2,892,051 Tenant improvements 213,316 199,925 Construction in progress 13,117 11,131 Right-of-use assets - finance leases (Note 11) 25,086 25,086 Total 4,079,062 3,867,834 Less: Accumulated depreciation and amortization ( 704,609 ) ( 648,461 ) Operating real estate, net 3,374,453 3,219,373 Real estate under development 186,360 203,773 Net investments in real estate $ 3,560,813 $ 3,423,146
Schedule of Business Acquisitions, by Acquisition	During the nine months ended September 30, 2022 and the year ended December 31, 2021, the Company acquired (through purchase, investment or foreclosure) the following consolidated retail properties and other real estate investments (dollars in thousands): Property and Location Percent Date of Purchase 2022 Acquisitions and Foreclosure Core 121 Spring Street - New York, NY 100 % Jan 12, 2022 $ 39,637 Williamsburg Collection - Brooklyn, NY (a) (a) Feb 18, 2022 97,750 8833 Beverly Boulevard - West Hollywood, CA 100 % Mar 2, 2022 24,117 Henderson Avenue Portfolio - Dallas, TX (b) 100 % Apr 18, 2022 85,192 Subtotal Core 246,696 Fund III 640 Broadway - New York, NY (Foreclosure) (c) 100 % Jan 26, 2022 59,207 Subtotal Fund III 59,207 Total 2022 Acquisitions and Foreclosure $ 305,903 2021 Acquisitions Core 14th Street Portfolio - Washington, DC 100 % Dec 23, 2021 $ 26,320 Subtotal Core 26,320 Fund V Canton Marketplace - Canton, GA 100 % Aug 20, 2021 50,954 Monroe Marketplace - Selinsgrove, PA 100 % Sept 9, 2021 44,796 Monroe Marketplace (Parcel) - Selinsgrove, PA 100 % Nov 12, 2021 1,029 Midstate - East Brunswick, NJ 100 % Dec 14, 2021 71,867 Subtotal Fund V 168,646 Total 2021 Acquisitions $ 194,966 a) The Company invested $ 2.8 million in its 49.99 % equity interest and, through a separate lending subsidiary, provided a $ 64.1 million first mortgage loan and a $ 30.9 million mezzanine loan to subsidiaries of the venture (such equity and loans have been eliminated in consolidation). Pursuant to the entity’s operating agreement, the venture partner has a one-time right to put its 50.01 % interest in the entity (the "Williamsburg NCI", which is further described in Note 10 ) to the Company for fair value at a future date. Given the preferred rate of return of the Company embedded in its equity interests and the accruing debt senior to the equity, the Company did not attribute any initial redemption value to the Williamsburg NCI and recognized a bargain purchase gain of $ 1.2 million, which is included in Realized and unrealized holding (losses) gains on investments and other in the consolidated statements of operations. b) The Henderson Avenue Portfolio comprises 14 operating retail assets, one residential building and two development and redevelopment sites. One of the development sites was sold in October 2022 ( Note 15 ). The entity was previously accounted for as an equity method investment until an affiliate of Fund III acquired the venture partner's interest in a foreclosure action. Fund III now indirectly owns 100% of the entity and consolidates it ( Note 4 ).
Schedule of Purchase Price Allocations	The following table summarizes the allocation of the purchase price of properties acquired during the periods presented (in thousands): Nine Months Ended September 30, Year Ended December 31, 2022 2021 Net Assets Acquired Land $ 119,898 $ 37,290 Buildings and improvements 168,862 134,065 Acquisition-related intangible assets (Note 6) 29,016 39,953 Accounts receivable, prepaids and other assets 4,077 — Accounts payable and other liabilities ( 661 ) — Acquisition-related intangible liabilities (Note 6) ( 14,126 ) ( 16,342 ) Net assets acquired $ 307,066 $ 194,966 Consideration Cash $ 242,633 $ 161,846 Carrying value of note receivable exchanged in foreclosure (Note 3) 5,416 — Existing interest in previously unconsolidated investment (Note 4) 17,822 — Debt assumed 35,970 31,801 Liabilities assumed 4,062 1,319 Total consideration 305,903 194,966 Gain on bargain purchase 1,163 — $ 307,066 $ 194,966
Schedule of Property Dispositions	During the nine months ended September 30, 2022 and the year ended December 31, 2021, the Company disposed of the following consolidated properties and other real estate investments (in thousands): Property and Location Owner Date Sold Sale Price Gain 2022 Dispositions NE Grocer Portfolio (Selected Assets) - Pennsylvania Fund IV Jan 26, 2022 Mar 4, 2022 $ 45,350 $ 13,784 New Towne (Parcel) - Canton, MI Fund V Feb 1, 2022 2,231 1,776 Cortlandt Crossing - Westchester County, NY Fund III Feb 9, 2022 65,533 13,255 Lincoln Place - Fairview Heights, IL Fund IV May 25, 2022 40,670 12,216 Wake Forest Crossing - Wake Forest, NC Fund IV Aug 24, 2022 38,919 8,885 Total 2022 Dispositions $ 192,703 $ 49,916 2021 Dispositions 60 Orange St - Bloomfield, NJ Core Jan 29, 2021 $ 16,400 $ 4,612 654 Broadway - New York, NY Fund III May 19, 2021 10,000 111 NE Grocer Portfolio (Selected Assets) - ME Fund IV Jun 18, 2021 39,925 5,064 Total 2021 Dispositions (a) $ 66,325 $ 9,787 a) Does not include the gain on lease termination of $ 0.7 million related to the Fund IV lease at 110 University Place ( Note 11 ).
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	The aggregate rental revenue, expenses and pre-tax income reported within continuing operations for the aforementioned consolidated properties that were sold as well as the lease that was terminated ( Note 11 ) during the three and nine months ended September 30, 2022 and 2021 were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenues $ 929 $ 4,335 $ 5,429 $ 15,997 Expenses ( 620 ) ( 3,815 ) ( 4,112 ) ( 14,658 ) Gain on disposition of properties 8,885 — 49,916 10,521 Net income attributable to noncontrolling interests ( 7,069 ) ( 401 ) ( 39,251 ) ( 5,583 ) Net income attributable to Acadia $ 2,125 $ 119 $ 11,982 $ 6,277
Schedule Of Development In Process Activities	Development activity for the Company’s consolidated properties comprised the following during the periods presented (dollars in thousands): January 1, 2022 Nine Months Ended September 30, 2022 September 30, 2022 Number of Carrying Transfers In Capitalized Transfers Out Number of Carrying Core — $ 42,517 $ 9,610 $ 1,854 $ — 2 $ 53,981 Fund II — 35,125 — 1,487 — — 36,612 Fund III 1 24,296 — 1,077 — 1 25,373 Fund IV (a) 1 101,835 — 82 31,523 1 70,394 Total 2 $ 203,773 $ 9,610 $ 4,500 $ 31,523 4 $ 186,360 a) Transfers out include $ 12.9 million related to a portion of one Fund IV property that was transferred out of development and an impairment charge totaling $ 18.7 million on one Fund IV development property ( Note 8 ). January 1, 2021 Year Ended December 31, 2021 December 31, 2021 Number of Carrying Transfers In Capitalized Transfers Out Number of Carrying Core — $ 63,875 $ — $ 1,855 $ 23,213 — $ 42,517 Fund II — 74,657 — 3,921 43,453 — 35,125 Fund III 1 23,104 — 1,192 — 1 24,296 Fund IV (a) 2 85,565 29,758 2,026 15,514 1 101,835 Total 3 $ 247,201 $ 29,758 $ 8,994 $ 82,180 2 $ 203,773 Transfers in include $ 29.8 million related to the remaining portion of one Fund IV property that was placed in development.

Notes Receivable, Net (Tables)

Notes Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract]
Schedule of Notes Receivable	The Company’s notes receivable, net are generally collateralized either by the underlying properties or the borrowers’ ownership interests in the entities that own the properties, and were as follows (dollars in thousands): September 30, December 31, September 30, 2022 Description 2022 2021 Number Maturity Date Interest Rate Core Portfolio (a) $ 124,801 $ 154,332 5 Apr 2020 - Dec 2027 4.65 % - 9.00 % Fund III — 5,306 — — — Total notes receivable 124,801 159,638 Allowance for credit loss ( 835 ) ( 5,752 ) Notes receivable, net $ 123,966 $ 153,886 5 Includes one note receivable from an OP Unit holder, with a balance of $ 6.0 million at September 30, 2022 and December 31, 2021 .

Investments in and Advances t_2

Investments in and Advances to Unconsolidated Affiliates (Tables)	9 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The Company’s investments in and advances to unconsolidated affiliates consist of the following (dollars in thousands): Ownership Interest September 30, December 31, Portfolio Property September 30, 2022 2022 2021 Core: 840 N. Michigan Avenue (a) 88.43 % $ 341 $ 51,513 Renaissance Portfolio 20 % 28,904 28,466 Gotham Plaza 49 % 29,666 29,187 Georgetown Portfolio (b) 50 % 4,109 4,089 1238 Wisconsin Avenue (b) 80 % 10,993 5,895 74,013 119,150 Mervyns II: KLA/ABS (c) 36.7 % 102,368 124,316 Fund III: Self Storage Management (b) 0 % — 207 640 Broadway (d) 100 % — 17,825 — 18,032 Fund IV: Fund IV Other Portfolio 98.57 % 11,877 12,675 650 Bald Hill Road 90 % 10,220 11,677 Paramus Plaza 50 % 1,022 1,975 23,119 26,327 Fund V: Family Center at Riverdale (a) 89.42 % 11,852 12,449 Tri-City Plaza 90 % 8,983 6,827 Frederick County Acquisitions 90 % 13,096 10,748 Wood Ridge Plaza 90 % 13,289 — La Frontera Village 90 % 21,097 — Shoppes at South Hills 90 % 45,436 — 113,753 30,024 Various: Due from (to) Related Parties 175 666 Other (e) 3,994 3,811 Investments in and advances to $ 317,422 $ 322,326 Core: Crossroads (f) 49 % $ 8,880 $ 9,939 Distributions in excess of income from, $ 8,880 $ 9,939 a) Represents a tenancy-in-common interest. b) Represents a VIE for which the Company is not the primary beneficiary. The Company's involvement with such entities is in the form of equity interests and fee arrangements. The maximum exposure to loss is limited to the amount of the Company's equity investment in these VIEs. Total unconsolidated VIE assets of $ 38.4 million and $ 32.2 million at September 30, 2022 and December 31, 2021, respectively. Total unconsolidated VIE liabilities of $ 46.1 million and $ 41.9 million at September 30, 2022 and December 31, 2021, respectively. c) Includes an interest in Albertsons at fair value, as described below ("Investment in Albertsons") ( Note 8 ). d) In January 2022, the Company foreclosed on partner's interest and now owns 100% and consolidates the entity ( Note 2 ). e) Includes cost-method investments in Storage Post, Fifth Wall and other investments. Distributions have exceeded the Company’s investment; however, the Company recognizes a liability balance as it may be required to return distributions to fund future obligations of the entity
Schedule of Condensed Balance Sheet	The following combined and condensed Balance Sheets and Statements of operations, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates that were held as of September 30, 2022, and accordingly exclude the results of any investments disposed of or consolidated prior to that date (in thousands): September 30, December 31, 2022 2021 Combined and Condensed Balance Sheets Assets: Rental property, net $ 681,799 $ 631,661 Real estate under development 14,387 8,112 Other assets 133,731 78,300 Total assets $ 829,917 $ 718,073 Liabilities and partners’ equity: Mortgage notes payable $ 624,043 $ 571,461 Other liabilities 99,566 69,166 Partners’ equity 106,308 77,446 Total liabilities and partners’ equity $ 829,917 $ 718,073 Company's share of accumulated equity $ 145,270 $ 113,285 Basis differential 53,061 66,031 Deferred fees, net of portion related to the Company's interest 3,674 4,071 Amounts receivable/payable by the Company 175 666 Investments in and advances to unconsolidated affiliates, net of Company's 202,180 184,053 Investments carried at fair value or cost 106,362 128,334 Company's share of distributions in excess of income from and 8,880 9,939 Investments in and advances to unconsolidated affiliates $ 317,422 $ 322,326
Schedule of Condensed Income Statement	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Combined and Condensed Statements of Operations Total revenues $ 25,096 $ 18,974 $ 72,167 $ 59,090 Operating and other expenses ( 8,443 ) ( 7,174 ) ( 23,768 ) ( 21,584 ) Interest expense ( 7,130 ) ( 4,978 ) ( 18,458 ) ( 15,799 ) Depreciation and amortization ( 9,708 ) ( 6,785 ) ( 24,867 ) ( 23,154 ) Impairment of Investments ( 57,423 ) — ( 57,423 ) — Gain on disposition of properties (a) — — — 3,206 Net (loss) income attributable to unconsolidated affiliates $ ( 57,608 ) $ 37 $ ( 52,349 ) $ 1,759 Company’s share of equity in net (loss) income of unconsolidated affiliates $ ( 50,331 ) $ 910 $ ( 45,416 ) $ 4,951 Income attributable to unconsolidated affiliates recently sold or consolidated — ( 283 ) — ( 845 ) Basis differential amortization ( 248 ) ( 255 ) ( 753 ) ( 953 ) Company’s equity in (losses) earnings of unconsolidated affiliates $ ( 50,579 ) $ 372 $ ( 46,169 ) $ 3,153 Represents the gain on the sale of two land parcels by the Family Center at Riverdale on January 4, 2021

Other Assets, Net and Account_2

Other Assets, Net and Accounts Payable and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets and Other Liabilities	Other assets, net and accounts payable and other liabilities are comprised of the following for the periods presented: September 30, December 31, (in thousands) 2022 2021 Other Assets, Net: Lease intangibles, net (Note 6) $ 110,620 $ 108,918 Deferred charges, net (a) 26,899 28,438 Derivative financial instruments (Note 8) 56,578 7 Prepaid expenses 17,077 17,230 Accrued interest receivable (Note 3) 15,098 21,148 Due from seller 3,036 3,364 Income taxes receivable 1,826 2,279 Other receivables 1,527 1,830 Corporate assets, net 1,376 1,648 Deposits 521 1,647 $ 234,558 $ 186,509 (a) Deferred Charges, Net: Deferred leasing and other costs $ 60,695 $ 58,281 Deferred financing costs related to line of credit 9,502 9,953 70,197 68,234 Accumulated amortization ( 43,298 ) ( 39,796 ) Deferred charges, net $ 26,899 $ 28,438 Accounts Payable and Other Liabilities: Lease intangibles, net (Note 6) $ 80,544 $ 76,778 Accounts payable and accrued expenses 62,984 56,580 Deferred income 36,073 38,373 Tenant security deposits, escrow and other 14,509 13,045 Lease liability - finance leases, net (Note 11) 6,917 6,612 Derivative financial instruments (Note 8) 6 45,027 $ 201,033 $ 236,415

Lease Intangibles (Tables)

Lease Intangibles (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Liabilities Included in Other Assets and Accounts Payable and Other Liabilities	Intangible assets and liabilities are included in Other assets, net and Accounts payable and other liabilities ( Note 5 ) on the consolidated balance sheet and summarized as follows (in thousands): September 30, 2022 December 31, 2021 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amortizable Intangible Assets In-place lease intangible assets $ 303,140 $ ( 199,808 ) $ 103,332 $ 290,819 $ ( 189,981 ) $ 100,838 Above-market rent 24,064 ( 16,776 ) 7,288 24,191 ( 16,111 ) 8,080 $ 327,204 $ ( 216,584 ) $ 110,620 $ 315,010 $ ( 206,092 ) $ 108,918 Amortizable Intangible Liabilities Below-market rent $ ( 181,202 ) $ 101,018 $ ( 80,184 ) $ ( 171,245 ) $ 94,871 $ ( 76,374 ) Above-market ground lease ( 671 ) 311 ( 360 ) ( 671 ) 267 ( 404 ) $ ( 181,873 ) $ 101,329 $ ( 80,544 ) $ ( 171,916 ) $ 95,138 $ ( 76,778 )
Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities	The scheduled amortization of acquired lease intangible assets and assumed liabilities as of September 30, 2022 is as follows (in thousands): Years Ending December 31, Net Increase in Increase to Reduction of Net (Expense) Income 2022 (Remainder) $ 1,688 $ ( 9,484 ) $ 15 $ ( 7,781 ) 2023 6,397 ( 31,875 ) 58 ( 25,420 ) 2024 6,209 ( 23,616 ) 58 ( 17,349 ) 2025 5,792 ( 17,184 ) 58 ( 11,334 ) 2026 5,440 ( 12,920 ) 58 ( 7,422 ) Thereafter 47,370 ( 8,253 ) 113 39,230 Total $ 72,896 $ ( 103,332 ) $ 360 $ ( 30,076 )

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Consolidated Indebtedness	A summary of the Company’s consolidated indebtedness is as follows (dollars in thousands): Interest Rate at Carrying Value at September 30, December 31, Maturity Date at September 30, December 31, 2022 2021 September 30, 2022 2022 2021 Mortgages Payable Core Fixed Rate 3.88 %- 5.89 % 3.88 %- 5.89 % Feb 2024 - Apr 2035 $ 144,326 $ 145,464 Core Variable Rate - Swapped (a) 3.41 %- 4.54 % 3.41 %- 4.54 % Jun 2026 - Nov 2028 60,390 72,957 Total Core Mortgages Payable 204,716 218,421 Fund II Variable Rate SOFR+ 2.61 % LIBOR+ 2.75 % - PRIME+ 2.00 % Aug 2025 132,259 255,978 Fund III Variable Rate SOFR+ 3.35 % LIBOR+ 2.75 % Jul 2023 35,970 34,728 Fund IV Fixed Rate 4.50 % 4.50 % Oct 2025 1,120 1,120 Fund IV Variable Rate LIBOR+ 1.75 %-LIBOR+ 3.65 % LIBOR+ 1.60 %-LIBOR+ 3.65 % Oct 2022 - Jun 2026 151,735 221,832 Fund IV Variable Rate - Swapped (a) 3.48 %- 4.61 % — 23,316 Total Fund IV Mortgages and Other Notes Payable 152,855 246,268 Fund V Fixed Rate 3.35 % 3.35 % May 2023 31,801 31,801 Fund V Variable Rate LIBOR + 1.85 % - SOFR + 2.76 % LIBOR + 1.85 % - SOFR + 2.76 % Jun 2023 - Nov 2026 58,136 58,878 Fund V Variable Rate - Swapped (a) 2.51 %- 5.11 % 2.43 %- 4.78 % Jan 2023 - Apr 2025 337,481 297,731 Total Fund V Mortgages Payable 427,418 388,410 Net unamortized debt issuance costs ( 8,352 ) ( 3,958 ) Unamortized premium 369 446 Total Mortgages Payable $ 945,235 $ 1,140,293 Unsecured Notes Payable Core Variable Rate Unsecured (a) 3.65 %- 5.32 % 3.65 %- 5.32 % Jun 2026 - Jul 2029 $ 650,000 $ 400,000 Fund II Unsecured Notes Payable LIBOR+ 2.25 % — 40,000 Fund IV Subscription Facility SOFR+ 2.01 % SOFR+ 2.01 % Dec 2022 — 5,000 Fund V Subscription Facility SOFR+ 1.86 % LIBOR+ 1.90 % May 2023 49,726 118,028 Net unamortized debt issuance costs ( 5,416 ) ( 3,988 ) Total Unsecured Notes Payable $ 694,310 $ 559,040 Unsecured Line of Credit Core Unsecured Line of Credit - Variable Rate LIBOR + 1.40 % LIBOR + 1.40 % Jun 2025 $ 62,050 $ 46,491 Core Unsecured Line of Credit -Swapped (a) 3.65 %- 5.32 % 3.65 %- 5.32 % Jun 2025 116,237 66,414 Total Unsecured Line of Credit $ 178,287 $ 112,905 Total Debt - Fixed Rate (b) $ 1,341,355 $ 1,038,803 Total Debt - Variable Rate (c) 489,876 780,935 Total Debt 1,831,231 1,819,738 Net unamortized debt issuance costs ( 13,768 ) ( 7,946 ) Unamortized premium 369 446 Total Indebtedness $ 1,817,832 $ 1,812,238 a) At September 30, 2022, the stated rates ranged from LIBOR + 1.50 % to LIBOR + 1.70 % for Core variable-rate debt; SOFR + 2.61 % for Fund II variable-rate debt; LIBOR + 3.10 % for Fund III variable-rate debt; LIBOR 1.75 % to LIBOR + 3.65 % for Fund IV variable-rate debt; LIBOR + 1.50 % to SOFR + 2.50 % for Fund V variable-rate debt; LIBOR + 1.55 % to SOFR + 1.60 % for Core variable-rate unsecured term loans; and LIBOR + 1.40 % for Core variable-rate unsecured lines of credit. b) Includes $ 1,164.1 million and $ 860.4 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented. c) Includes $ 107.3 million and $ 110.5 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented.
Scheduled Principal Repayments	The scheduled principal repayments, without regard to available extension options (described further below), of the Company’s consolidated indebtedness, as of September 30, 2022 are as follows (in thousands): Year Ending December 31, 2022 (Remainder) $ 85,273 2023 302,526 2024 211,448 2025 417,902 2026 445,818 Thereafter 368,264 1,831,231 Unamortized premium 369 Net unamortized debt issuance costs ( 13,768 ) Total indebtedness $ 1,817,832

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands): September 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Money market funds $ — $ — $ — $ — $ — $ — Derivative financial instruments — 56,578 — — 7 — Investment in Albertsons (Note 4) 102,368 — — 124,316 — — Liabilities Derivative financial instruments — ( 6 ) — — ( 45,027 ) —
Schedule of Items Measured at Fair Value on Nonrecurring Basis	During 2021, the Company was impacted by the COVID-19 Pandemic, which caused the Company to reduce its forecasted operating income at certain properties. As a result, several impairments were recorded. Impairment charges for the periods presented are as follows (in thousands): Impairment Charge Property and Location Owner Triggering Event Level 3 Inputs Effective Date Total Acadia's Share 2022 Impairment Charges 146 Geary Street, Fund IV Reduced projected operating income Projections of: holding period, net operating income, cap rate, incremental costs Sept 30, 2022 $ 12,435 $ 2,875 717 N. Michigan Avenue, Fund IV Reduced holding period and intended use Offering price Sept 30, 2022 20,876 4,827 Total 2022 Impairment Charges $ 33,311 $ 7,702 2021 Impairment Charges 210 Bowery commercial unit, Fund IV Reduced projected operating income Projections of: holding period, net operating income, cap rate, incremental costs Sept 30, 2021 $ 3,016 $ 697 27 E. 61st Street Fund IV Reduced projected operating income Projections of: holding period, net operating income, cap rate, incremental costs Sept 30, 2021 6,909 1,597 Total 2021 Impairment Charges $ 9,925 $ 2,294
Schedule of Derivative Financial Instruments	The Company had the following interest rate swaps and caps for the periods presented (dollars in thousands): Strike Rate Fair Value Derivative Aggregate Notional Amount Effective Date Maturity Date Low High Balance Sheet September 30, December 31, Core Interest Rate Swaps $ 10,237 Dec 2012 Dec 2022 3.77 % — 3.77 % Other Liabilities $ ( 6 ) $ ( 40,650 ) Interest Rate Swap 816,390 Mar 2015 - Aug 2022 Mar 2023 - Jul 2030 1.71 % — 3.05 % Other Assets 45,045 — $ 826,627 $ 45,039 $ ( 40,650 ) Fund III Interest Rate Caps $ 35,970 Jul 2022 Jul 2023 3.50 % — 3.50 % Other Assets $ 196 $ — Fund IV Interest Rate Swaps $ — Mar 2017 - Jan 2019 Apr 2022 1.97 % — 2.61 % Other Assets $ — $ — Interest Rate Swaps — Other Liabilities — ( 167 ) Interest Rate Caps 71,338 Dec 2020 - Jul 2021 Dec 2022 - Jul 2023 3.00 % — 3.50 % Other Assets 179 7 $ 71,338 $ 179 $ ( 160 ) Fund V Interest Rate Swaps $ 337,481 Jun 2018 - Apr 2022 Oct 2022 - Apr 2025 0.91 % — 2.88 % Other Assets $ 11,158 $ — Interest Rate Swaps — Other Liabilities — ( 4,210 ) $ 337,481 $ 11,158 $ ( 4,210 ) Total asset derivatives $ 56,578 $ 7 Total liability derivatives $ ( 6 ) $ ( 45,027 )
Schedule of Other Financial Instruments Carrying Values and Fair values	The Company’s other financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands, inclusive of amounts attributable to noncontrolling interests where applicable): September 30, 2022 December 31, 2021 Level Carrying Estimated Carrying Estimated Notes Receivable (a) 3 $ 123,966 $ 123,439 $ 153,886 $ 154,093 City Point Loan (a) 3 65,945 65,809 — — Mortgage and Other Notes Payable (a) 3 953,218 913,758 1,143,805 1,125,571 Investment in non-traded equity securities (b) 3 3,839 5,790 3,656 4,062 Unsecured notes payable and Unsecured line of credit (c) 2 878,013 869,530 675,933 680,171 (a) The Company determined the estimated fair value of these financial instruments using a discounted cash flow model with rates that take into account the credit of the borrower or tenant, where applicable, and interest rate risk. The Company also considered the value of the underlying collateral, taking into account the quality of the collateral, the credit quality of the borrower, the time until maturity and the current market interest rate environment. Amounts exclude discounts and loan costs. (b) Represents the Operating Partnership’s cost-method investment in Fifth Wall ( Note 4 ) . (c) The Company determined the estimated fair value of the unsecured notes payable and unsecured line of credit using quoted market prices in an open market with limited trading volume where available. In cases where there was no trading volume, the Company determined the estimated fair value using a discounted cash flow model using a rate that reflects the average yield of similar market participants.

Shareholders' Equity, Noncont_2

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Schedule of Dividends Declared and Paid	The following table sets forth the distributions declared and/or paid during the periods presented: Date Declared Amount Per Share Record Date Payment Date March 15, 2021 $ 0.15 March 31, 2021 April 15, 2021 May 5, 2021 $ 0.15 June 30, 2021 July 15, 2021 August 5, 2021 $ 0.15 September 30, 2021 October 15, 2021 November 3, 2021 $ 0.15 December 31, 2021 January 14, 2022 February 15, 2022 $ 0.18 March 31, 2022 April 14, 2022 May 4, 2022 $ 0.18 June 30, 2022 July 15, 2022 August 10, 2022 $ 0.18 September 30, 2022 October 14, 2022
Summary of Activity in Accumulated Other Comprehensive Income (Loss)	The following tables set forth the activity in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2022 and 2021 (in thousands): Gains or Losses Balance at July 1, 2022 $ 11,240 Other comprehensive income before reclassifications - swap agreements 44,114 Reclassification of realized interest on swap agreements 1,518 Net current period other comprehensive income 45,632 Net current period other comprehensive loss attributable to redeemable noncontrolling — Net current period other comprehensive income attributable to noncontrolling ( 7,188 ) Balance at September 30, 2022 $ 49,684 Balance at July 1, 2021 $ ( 47,909 ) Other comprehensive income before reclassifications - swap agreements 1,048 Reclassification of realized interest on swap agreements 5,476 Net current period other comprehensive income 6,524 Net current period other comprehensive income attributable to noncontrolling ( 1,784 ) Balance at September 30, 2021 $ ( 43,169 ) Acadia's Share Balance at January 1, 2022 $ ( 36,214 ) Other comprehensive income before reclassifications - swap agreements 96,899 Reclassification of realized interest on swap agreements 10,778 Net current period other comprehensive income 107,677 Net current period other comprehensive loss attributable to redeemable noncontrolling — Net current period other comprehensive income attributable to noncontrolling ( 21,779 ) Balance at September 30, 2022 $ 49,684 Balance at January 1, 2021 $ ( 74,891 ) Other comprehensive income before reclassifications - swap agreements 24,535 Reclassification of realized interest on swap agreements 16,016 Net current period other comprehensive income 40,551 Net current period other comprehensive income attributable to noncontrolling ( 8,829 ) Balance at September 30, 2021 $ ( 43,169 )
Summary of Change in Noncontrolling Interest	The following tables summarize the change in the noncontrolling interests for the three and nine months ended September 30, 2022 and 2021 (dollars in thousands): Noncontrolling (a) Noncontrolling (b) Total Redeemable Noncontrolling Interests (c) Balance at July 1, 2022 $ 103,068 $ 567,538 $ 670,606 $ - Distributions declared of $ 0.18 per Common OP Unit and distributions on Preferred OP Units ( 1,276 ) — ( 1,276 ) Net loss for the three months ended September 30, 2022 ( 2,958 ) ( 27,503 ) ( 30,461 ) ( 3,193 ) Conversion of 20,000 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 333 ) — ( 333 ) — Other comprehensive income - unrealized gain on valuation of swap agreements 2,145 4,877 7,022 — Reclassification of realized interest expense on swap agreements 5 161 166 — Acquisition of noncontrolling interest (d) — ( 50,435 ) ( 50,435 ) — City Point Loan — — - ( 65,405 ) City Point Loan accrued interest — — - ( 1,564 ) Noncontrolling interest contributions — 9,572 9,572 65,945 Noncontrolling interest distributions — ( 24,632 ) ( 24,632 ) — Employee Long-term Incentive Plan Unit Awards 1,997 — 1,997 — Reclassification of redeemable noncontrolling interests (e) — ( 76,569 ) ( 76,569 ) 76,569 Reallocation of noncontrolling interests (f) 644 — 644 — Balance at September 30, 2022 $ 103,292 $ 403,009 $ 506,301 $ 72,352 Balance at July 1, 2021 $ 95,088 $ 524,010 $ 619,098 $ — Distributions declared of $ 0.15 per Common OP Unit and distributions on Preferred OP Units ( 1,046 ) — ( 1,046 ) — Net income for the three months ended September 30, 2021 872 18,193 19,065 — Conversion of 18,000 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 288 ) — ( 288 ) — Cancellation of OP units (g) ( 479 ) — ( 479 ) — Other comprehensive loss - unrealized gain (loss) on valuation of swap agreements 227 ( 258 ) ( 31 ) — Reclassification of realized interest expense on swap agreements 53 1,762 1,815 — Noncontrolling interest contributions — 9,518 9,518 — Noncontrolling interest distributions — ( 10,127 ) ( 10,127 ) — Employee Long-term Incentive Plan Unit Awards 2,419 — 2,419 — Reallocation of noncontrolling interests (f) ( 2,060 ) — ( 2,060 ) — Balance at September 30, 2021 $ 94,786 $ 543,098 $ 637,884 $ — Noncontrolling (a) Noncontrolling (b) Total Redeemable Noncontrolling Interests (c) Balance at January 1, 2022 $ 94,120 $ 534,202 $ 628,322 $ — Distributions declared of $ 0.54 per Common OP Unit and distributions on Preferred OP Units ( 3,846 ) — ( 3,846 ) — Net loss for the nine months ended September 30, 2022 ( 1,686 ) ( 16,967 ) ( 18,653 ) ( 3,193 ) Conversion of 71,307 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 1,147 ) — ( 1,147 ) — Other comprehensive income - unrealized gain on valuation of swap agreements 4,780 13,840 18,620 — Reclassification of realized interest expense on swap agreements 80 3,079 3,159 — Acquisition of noncontrolling interest (d) — ( 91,811 ) ( 91,811 ) — City Point Loan — — — ( 65,405 ) City Point Loan accrued interest — — — ( 1,564 ) Noncontrolling interest contributions — 109,422 109,422 65,945 Noncontrolling interest distributions — ( 72,187 ) ( 72,187 ) — Employee Long-term Incentive Plan Unit Awards 7,669 — 7,669 — Reclassification of redeemable noncontrolling interests (e) — ( 76,569 ) ( 76,569 ) 76,569 Reallocation of noncontrolling interests (f) 3,322 — 3,322 — Balance at September 30, 2022 $ 103,292 $ 403,009 $ 506,301 $ 72,352 Balance at January 1, 2021 $ 89,431 $ 519,734 $ 609,165 $ — Distributions declared of $ 0.45 per Common OP Unit ( 3,146 ) — ( 3,146 ) — Net income for the nine months ended September 30, 2021 1,738 9,948 11,686 — Conversion of 43,973 Common OP Units to Common Shares by limited partners of the Operating Partnership ( 697 ) — ( 697 ) — Cancellation of OP units (g) ( 479 ) — ( 479 ) — Other comprehensive income - unrealized gain on valuation of swap agreements 1,723 1,630 3,353 — Reclassification of realized interest expense on swap agreements 159 5,317 5,476 — Noncontrolling interest contributions — 26,627 26,627 — Noncontrolling interest distributions — ( 20,158 ) ( 20,158 ) — Employee Long-term Incentive Plan Unit Awards 8,866 — 8,866 — Reallocation of noncontrolling interests (f) ( 2,809 ) — ( 2,809 ) — Balance at September 30, 2021 $ 94,786 $ 543,098 $ 637,884 $ — (a) Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 3,062,108 and 3,101,958 Common OP Units at September 30, 2022 and 2021, respectively; (ii) 188 Series A Preferred OP Units at each of September 30, 2022 and 2021; (iii) 126,593 Series C Preferred OP Units at each of September 30, 2022 and 2021; and (iv) 3,666,989 and 3,434,894 LTIP units at September 30, 2022 and 2021, respectively, as discussed in Share Incentive Plan ( Note 13 ). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above. (b) Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and Mervyns II, an d seven ot her subsidiaries . (c) Redeemable noncontrolling interests comprise third-party interest in Fund II as limited partners in this Fund have been granted put rights. (d) Represents the acquisition of the 11.67 % noncontrolling interest in Fund II and Mervyns II acquired on June 27, 2022 for $ 18.5 million and 21.67 % in Fund II on August 1, 2022 for $ 5.8 million ( Note 1 ). (e) Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022. (f) Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership. (g) The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $ 0.5 million on July 12, 2021 ( Note 3 )

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Activity for Reserves Related to Billed Rents and Straight-line Rents	The activity for the reserves related to billed rents and straight-line rents (including those under specific operating leases where the collection of rents is assessed to be not probable) is as follows: Nine Months Ended September 30, 2022 Balance at Provision (Recovery), Net Adjustments Write-Offs Balance at Allowance for credit loss - billed rents $ 23,586 $ ( 779 ) $ — $ ( 4,383 ) $ 18,424 Straight-line rent reserves 14,885 ( 79 ) — ( 1,347 ) 13,459 Total - rents receivable $ 38,471 $ ( 858 ) $ — $ ( 5,730 ) $ 31,883
Schedule of Lease Cost	Additional disclosures regarding the Company’s leases as lessee are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Lease Cost Finance lease cost: Amortization of right-of-use assets $ 226 226 $ 677 $ 677 Interest on lease liabilities 103 97 305 289 Subtotal 329 323 982 966 Operating lease cost 1,334 1,334 4,004 5,850 Variable lease cost 21 23 63 57 Total lease cost $ 1,684 $ 1,680 $ 5,049 $ 6,873 Other Information Weighted-average remaining lease term - finance leases (years) 32.1 32.8 Weighted-average remaining lease term - operating leases (years) 13.6 14.2 Weighted-average discount rate - finance leases 6.3 % 6.3 % Weighted-average discount rate - operating leases 5.1 % 5.1 %
Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases	The scheduled future minimum (i) rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) and (ii) rental payments under the terms of all non-cancelable operating and finance leases in which the Company is the lessee, principally for office space, land and equipment, as of September 30, 2022, are summarized as follows (in thousands): Minimum Rental Payments Year Ending December 31, Minimum Rental (a) Operating Leases (b) Finance (b) 2022 (Remainder) $ 53,052 $ 1,343 $ — 2023 225,554 5,389 — 2024 210,504 5,414 — 2025 179,257 5,329 — 2026 152,019 5,173 — Thereafter 638,628 24,437 12,549 1,459,014 47,085 12,549 Interest — ( 10,928 ) ( 5,632 ) Total $ 1,459,014 $ 36,157 $ 6,917 a) Amount represents contractual lease maturities at September 30, 2022 including any extension options that management determined were reasonably certain of exercise. b) Minimum rental payments exclude options or renewals not reasonably certain of exercise.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Summary of Segment Information	The following tables set forth certain segment information for the Company (in thousands): For the Three Months Ended September 30, 2022 Core Funds Structured Unallocated Total Revenues $ 50,076 $ 29,870 $ — $ — $ 79,946 Depreciation and amortization ( 18,811 ) ( 14,933 ) — — ( 33,744 ) Property operating expenses and real estate taxes ( 14,808 ) ( 10,751 ) — — ( 25,559 ) General and administrative expenses — — — ( 10,170 ) ( 10,170 ) Impairment charges — ( 33,311 ) — — ( 33,311 ) Gain on disposition of properties — 8,885 — — 8,885 Operating income (loss) 16,457 ( 20,240 ) — ( 10,170 ) ( 13,953 ) Interest and other income — — 3,994 — 3,994 Realized and unrealized holding losses on investments and other — ( 7,257 ) ( 605 ) — ( 7,862 ) Equity in losses of unconsolidated affiliates ( 49,806 ) ( 773 ) — — ( 50,579 ) Interest expense ( 10,428 ) ( 10,734 ) — — ( 21,162 ) Income tax benefit — — — 17 17 Net loss ( 43,777 ) ( 39,004 ) 3,389 ( 10,153 ) ( 89,545 ) Net loss attributable to redeemable noncontrolling interests — 3,193 — — 3,193 Net loss attributable to noncontrolling interests 2,884 27,577 — — 30,461 Net loss attributable to Acadia $ ( 40,893 ) $ ( 8,234 ) $ 3,389 $ ( 10,153 ) $ ( 55,891 ) For the Three Months Ended September 30, 2021 (As Restated) Core Funds Structured Unallocated Total Revenues $ 45,942 $ 25,954 $ — $ — $ 71,896 Depreciation and amortization ( 17,678 ) ( 12,386 ) — — ( 30,064 ) Property operating expenses and real estate taxes ( 13,911 ) ( 9,560 ) — — ( 23,471 ) General and administrative expenses — — — ( 9,910 ) ( 9,910 ) Impairment charges — ( 9,925 ) — — ( 9,925 ) Operating income (loss) 14,353 ( 5,917 ) — ( 9,910 ) ( 1,474 ) Interest and other income — — 2,354 — 2,354 Realized and unrealized holding gains (losses) on investments and other — 47,643 ( 1,150 ) — 46,493 Equity in (losses) earnings of unconsolidated affiliates ( 485 ) 857 — — 372 Interest expense ( 7,322 ) ( 9,292 ) — — ( 16,614 ) Income tax provision — — — ( 59 ) ( 59 ) Net income 6,546 33,291 1,204 ( 9,969 ) 31,072 Net income attributable to noncontrolling interests ( 912 ) ( 18,153 ) — — ( 19,065 ) Net income attributable to Acadia $ 5,634 $ 15,138 $ 1,204 $ ( 9,969 ) $ 12,007 As of or for the Nine Months Ended September 30, 2022 Core Funds Structured Unallocated Total Revenues $ 151,650 $ 94,062 $ — $ — $ 245,712 Depreciation and amortization ( 56,547 ) ( 45,881 ) — — ( 102,428 ) Property operating expenses and real estate taxes ( 44,379 ) ( 31,005 ) — — ( 75,384 ) General and administrative expenses — — — ( 32,768 ) ( 32,768 ) Impairment charges — ( 33,311 ) — — ( 33,311 ) Gain on disposition of properties — 49,916 — — 49,916 Operating income 50,724 33,781 — ( 32,768 ) 51,737 Interest and other income — — 9,890 — 9,890 Realized and unrealized holding gains (losses) on investments and other 1,163 ( 19,073 ) ( 505 ) — ( 18,415 ) Equity in (losses) earnings of unconsolidated affiliates ( 47,402 ) 1,233 — — ( 46,169 ) Interest expense ( 26,543 ) ( 31,766 ) — — ( 58,309 ) Income tax provision — — — ( 7 ) ( 7 ) Net loss ( 22,058 ) ( 15,825 ) 9,385 ( 32,775 ) ( 61,273 ) Net loss attributable to redeemable noncontrolling interests — 3,193 — — 3,193 Net loss attributable to noncontrolling interests 1,398 17,255 — — 18,653 Net (loss) income attributable to Acadia $ ( 20,660 ) $ 4,623 $ 9,385 $ ( 32,775 ) $ ( 39,427 ) Real estate at cost (a) $ 2,614,103 $ 1,651,319 $ — $ — $ 4,265,422 Total assets (a) $ 2,636,041 $ 1,603,491 $ 123,966 $ — $ 4,363,498 Cash paid for acquisition of real estate $ 242,633 $ — $ — $ — $ 242,633 Cash paid for development and property improvement costs $ 22,325 $ 14,538 $ — $ — $ 36,863 As of or for the Nine Months Ended September 30, 2021 As Restated Core Funds Structured Unallocated Total Revenues $ 134,292 $ 78,848 $ — $ — $ 213,140 Depreciation and amortization ( 51,898 ) ( 39,346 ) — — ( 91,244 ) Property operating expenses and real estate taxes ( 41,773 ) ( 30,963 ) — — ( 72,736 ) General and administrative expenses — — — ( 29,555 ) ( 29,555 ) Impairment charges — ( 9,925 ) — — ( 9,925 ) Gain on disposition of properties 4,612 5,909 — — 10,521 Operating income 45,233 4,523 — ( 29,555 ) 20,201 Interest and other income — — 6,108 — 6,108 Realized and unrealized holding gains (losses) on investments and other — 57,031 ( 3,571 ) — 53,460 Equity in (losses) earnings of unconsolidated affiliates ( 944 ) 4,097 — — 3,153 Interest expense ( 21,863 ) ( 28,439 ) — — ( 50,302 ) Income tax provision — — — ( 399 ) ( 399 ) Net income 22,426 37,212 2,537 ( 29,954 ) 32,221 Net income attributable to noncontrolling interests ( 1,926 ) ( 9,760 ) — — ( 11,686 ) Net income attributable to Acadia $ 20,500 $ 27,452 $ 2,537 $ ( 29,954 ) $ 20,535 Real estate at cost (a) $ 2,328,208 $ 1,737,786 $ — $ — $ 4,065,994 Total assets (a) $ 2,201,871 $ 1,827,565 $ 154,849 $ — $ 4,184,285 Cash paid for acquisition of real estate $ — $ 63,425 $ — $ — $ 63,425 Cash paid for development and property improvement costs $ 11,601 $ 14,334 $ — $ — $ 25,935

Share Incentive and Other Com_2

Share Incentive and Other Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Unvested Restricted Shares and LTIP Units	A summary of the status of the Company’s unvested Restricted Shares and LTIP Units is presented below: Unvested Restricted Shares and LTIP Units Common Weighted LTIP Units Weighted Unvested at December 31, 2020 89,911 $ 15.42 1,122,889 $ 24.38 Granted 43,078 19.94 666,967 19.48 Vested ( 43,084 ) 16.85 ( 283,024 ) 26.66 Forfeited ( 159 ) 36.22 ( 91,637 ) 36.22 Unvested at December 31, 2021 89,746 16.87 1,415,195 20.85 Granted 43,113 21.36 629,227 21.16 Vested ( 38,194 ) 20.10 ( 308,608 ) 22.88 Forfeited ( 1,930 ) 31.82 ( 278,332 ) 31.16 Unvested at September 30, 2022 92,735 $ 17.31 1,457,482 $ 18.59

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2022 2021 2022 2021 Numerator: (As Restated) (As Restated) Net (loss) income attributable to Acadia $ ( 55,891 ) $ 12,007 $ ( 39,427 ) $ 20,535 Less: net income attributable to participating securities ( 198 ) ( 156 ) — ( 468 ) (Loss) income from continuing operations net of income attributable to participating securities for basic (loss) earnings per share ( 56,089 ) 11,851 ( 39,427 ) 20,067 Impact of City Point Loan share conversion option (a) ( 1,804 ) — ( 1,804 ) — (Loss) income from continuing operations net of income attributable to participating securities for diluted (loss) earnings per share $ ( 57,893 ) $ 11,851 $ ( 41,231 ) $ 20,067 Denominator: Weighted average shares for basic earnings per share 94,980,333 88,480,844 94,757,678 87,217,422 Effect of dilutive securities: Series A Preferred OP Units — — — — Employee unvested restricted shares — — — — City Point Loan common stock conversion option (Note 10) (a) 270,635 — 91,203 — Denominator for diluted earnings per share 95,250,968 88,480,844 94,848,881 87,217,422 Basic (loss) earnings per Common Share from continuing operations attributable to Acadia $ ( 0.59 ) $ 0.13 $ ( 0.42 ) $ 0.23 Diluted (loss) earnings per Common Share from continuing operations attributable to Acadia $ ( 0.61 ) $ 0.13 $ ( 0.43 ) $ 0.23 Anti-Dilutive Shares Excluded from Denominator: Series A Preferred OP Units 188 188 188 188 Series A Preferred OP Units - Common share equivalent 25,067 25,067 25,067 25,067 Series C Preferred OP Units 126,593 126,593 126,593 126,593 Series C Preferred OP Units - Common share equivalent 439,556 439,556 439,556 439,556 Restricted shares 69,832 70,827 69,832 70,827 The impact of assumed conversion of dilutive convertible securities is related to the assumed conversion of potential common shares of the Company that could be subsequently issued in connection with the City Point Loan ( Note 10 ) for the stub-period until the put rights were modified for a cash-only settlement option in the third quarter of 2022.

Organization, Basis of Presen_4

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2022 Property Segment $ / shares	Dec. 31, 2021 $ / shares
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Limited partnership to common stock conversion ratio	100%
Common shares of beneficial interest, par value | $ / shares	$ 0.001	$ 0.001
Number of retail properties	202
Number of reportable segments | Segment	3
Core Portfolio
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of retail properties	151
Properties owned percentage	100%
Opportunity Funds
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of retail properties	51
Operating Partnership, as General Partner or Managing Member
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Remaining funds rate of distribution to operating partnership (in percent)	20%
Operating Partnership, as General Partner or Managing Member | Acadia's OP Ownership
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity interest held by Operating Partnership	95%	95%
Institutional Investors
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Remaining funds rate of distribution to all partners (in percent)	80%

Organization, Basis of Presen_5

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Operating Partnership's Equity Interest (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Fund II and Mervyns II
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Operating Partnership Share of Capital	61.67%
Capital Called	$ 557.3
Unfunded Commitment	$ 0
Equity interest held by Operating Partnership	61.67%
Preferred Return	8%
Total Distributions	$ 172.5
Fund III
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Operating Partnership Share of Capital	24.54%
Capital Called	$ 448.1
Unfunded Commitment	$ 1.9
Equity interest held by Operating Partnership	24.54%
Preferred Return	6%
Total Distributions	$ 603.5
Fund IV
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Operating Partnership Share of Capital	23.12%
Capital Called	$ 488.1
Unfunded Commitment	$ 41.9
Equity interest held by Operating Partnership	23.12%
Preferred Return	6%
Total Distributions	$ 221.4
Fund V
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Operating Partnership Share of Capital	20.10%
Capital Called	$ 347.9
Unfunded Commitment	$ 172.1
Equity interest held by Operating Partnership	20.10%
Preferred Return	6%
Total Distributions	$ 79.6

Organization, Basis of Presen_6

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Operating Partnership's Equity Interest (Parenthetical) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2020	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Apr. 08, 2021
Mervyns II
Variable Interest Entity [Line Items]
Recallable distributions	$ 15.7
Distribution recalled during period				$ 3.8	$ 11.9
Mervyns II | Acadia
Variable Interest Entity [Line Items]
Recallable distributions	$ 4.5
Distribution recalled during period				$ 1.2	$ 3.4
Fund II and Mervyns II
Variable Interest Entity [Line Items]
Equity method investment, ownership percentage		21.67%	11.67%	21.67%
Investment in capital		$ 5.8	$ 18.5
Fund II and Mervyns II | Maximum
Variable Interest Entity [Line Items]
Equity method investment, ownership percentage		61.67%	40%	61.67%
Fund II and Mervyns II | Minimum
Variable Interest Entity [Line Items]
Equity method investment, ownership percentage		40%	28.33%	40%
Fund V
Variable Interest Entity [Line Items]
Investment in capital				$ 347.9
Investment, maturity date						Aug. 25, 2023

Organization, Basis of Presen_7

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands		Sep. 30, 2022		Dec. 31, 2021		Sep. 30, 2021	Dec. 31, 2020
VIE ASSETS
Operating real estate, net		$ 3,374,453		$ 3,219,373
Real estate under development		186,360		203,773
Notes receivable, net		123,966		153,886
Investments in and advances to unconsolidated affiliates		317,422		322,326
Other assets, net		234,558		186,509
Right-of-use assets - operating leases, net		38,158		40,743
Cash and cash equivalents		18,068		17,746		$ 16,158	$ 18,699
Restricted cash		12,635		9,813		11,364	$ 11,096
Rents receivable, net		46,821		43,625
Total VIE assets		4,363,498	[1],[2]	4,261,746	[2]	$ 4,184,285
VIE LIABILITIES
Mortgage and other notes payable, net		945,235		1,140,293
Unsecured notes payable, net		694,310		559,040
Accounts payable and other liabilities		201,033		236,415
Lease liability - operating leases, net		36,157		38,759
Total VIE liabilities	[2]	2,082,295		2,111,811
VIE
VIE ASSETS
Operating real estate, net		1,468,831		1,482,636
Real estate under development		132,612		161,485
Notes receivable, net		0		725
Investments in and advances to unconsolidated affiliates		241,641		200,827
Other assets, net		97,025		94,303
Right-of-use assets - operating leases, net		2,636		2,935
Cash and cash equivalents		14,629		9,761
Restricted cash		12,573		9,757
Rents receivable, net		17,076		16,126
Total VIE assets		1,987,023		1,978,555
VIE LIABILITIES
Mortgage and other notes payable, net		766,935		948,045
Unsecured notes payable, net		49,697		162,828
Accounts payable and other liabilities		98,694		96,212
Lease liability - operating leases, net		2,764		3,077
Total VIE liabilities		$ 918,090		$ 1,210,162
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

Organization, Basis of Presen_8

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Parenthetical) (Details) - USD ($) $ in Thousands		Sep. 30, 2022		Dec. 31, 2021		Sep. 30, 2021
Variable Interest Entity [Line Items]
Maximum borrowing capacity		$ 900,000		$ 0
Restricted asset		4,363,498	[1],[2]	4,261,746	[2]	$ 4,184,285
Resource liabilities	[2]	2,082,295		2,111,811
VIE
Variable Interest Entity [Line Items]
Restricted asset		1,987,023		1,978,555
Resource liabilities		918,090		1,210,162
VIE | City Point
Variable Interest Entity [Line Items]
Maximum borrowing capacity		72,700
Restricted asset		680,600		4,300
VIE | City Point | Resource
Variable Interest Entity [Line Items]
Resource liabilities		$ 202,400		$ 393,900
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

Real Estate - Schedule of Real

Real Estate - Schedule of Real Estate (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jan. 01, 2022	Dec. 31, 2021	Jan. 01, 2021
Acquisition And Disposition Of Properties And Discontinued Operations [Abstract]
Land	$ 829,313		$ 739,641
Buildings and improvements	2,998,230		2,892,051
Tenant improvements	213,316		199,925
Construction in progress	13,117		11,131
Right-of-use assets - finance leases	25,086		25,086
Total	4,079,062		3,867,834
Less: Accumulated depreciation and amortization	(704,609)		(648,461)
Operating real estate, net	3,374,453		3,219,373
Real estate under development	186,360	$ 203,773	203,773	$ 247,201
Net investments in real estate	$ 3,560,813		$ 3,423,146

Real Estate - Schedule of Acqui

Real Estate - Schedule of Acquisitions and Conversions (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Purchase Price		$ 305,903	$ 194,966
New York, NY
Business Acquisition [Line Items]
Purchase Price	[1]	59,207
Fund V
Business Acquisition [Line Items]
Purchase Price			$ 168,646
Fund V | Canton Marketplace | Canton GA
Business Acquisition [Line Items]
Percent Acquired			100%
Purchase Price			$ 50,954
Fund V | Monroe Marketplace | PA
Business Acquisition [Line Items]
Percent Acquired			100%
Purchase Price			$ 44,796
Fund V | Monroe Marketplace Parcel | PA
Business Acquisition [Line Items]
Percent Acquired			100%
Purchase Price			$ 1,029
Fund V | Midstate | NJ
Business Acquisition [Line Items]
Percent Acquired			100%
Purchase Price			$ 71,867
Core Portfolio
Business Acquisition [Line Items]
Purchase Price		246,696	26,320
Core Portfolio | 121 Spring Street - New York, NY
Business Acquisition [Line Items]
Purchase Price		$ 39,637
Core Portfolio | 121 Spring Street | New York, NY
Business Acquisition [Line Items]
Percent Acquired		100%
Core Portfolio | 8833 Beverly Boulevard | West Hollywood
Business Acquisition [Line Items]
Percent Acquired		100%
Purchase Price		$ 24,117
Core Portfolio | Henderson Avenue | Dallas, TX
Business Acquisition [Line Items]
Percent Acquired	[2]	100%
Purchase Price	[2]	$ 85,192
Core Portfolio | Williamsburg Portfolio | Brooklyn, NY
Business Acquisition [Line Items]
Purchase Price	[3]	97,750
Core Portfolio | Fourteen Street Portfolio
Business Acquisition [Line Items]
Purchase Price			$ 26,320
Core Portfolio | Fourteen Street Portfolio | Washington DC
Business Acquisition [Line Items]
Percent Acquired			100%
Fund III
Business Acquisition [Line Items]
Purchase Price		$ 59,207
Fund III | 640 Broadway | New York, NY
Business Acquisition [Line Items]
Percent Acquired	[1]	100%
[1] The entity was previously accounted for as an equity method investment until an affiliate of Fund III acquired the venture partner's interest in a foreclosure action. Fund III now indirectly owns 100% of the entity and consolidates it ( Note 4 ). The Henderson Avenue Portfolio comprises 14 operating retail assets, one residential building and two development and redevelopment sites. The Company invested $ 2.8 million in its 49.99 % equity interest and, through a separate lending subsidiary, provided a $ 64.1 million first mortgage loan and a $ 30.9 million mezzanine loan to subsidiaries of the venture (such equity and loans have been eliminated in consolidation). Pursuant to the entity’s operating agreement, the venture partner has a one-time right to put its 50.01 % interest in the entity (the "Williamsburg NCI", which is further described in Note 10 ) to the Company for fair value at a future date. Given the preferred rate of return of the Company embedded in its equity interests and the accruing debt senior to the equity, the Company did not attribute any initial redemption value to the Williamsburg NCI and recognized a bargain purchase gain of $ 1.2 million, which is included in Realized and unrealized holding (losses) gains on investments and other in the consolidated statements of operations.

Real Estate - Schedule of Acq_2

Real Estate - Schedule of Acquisitions and Conversions (Parenthetical) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Net investments in real estate	$ 3,560,813	$ 3,423,146
Investments in and advances to unconsolidated affiliates	317,422	322,326
Bargain purchase gain	$ 1,163	$ 0
Williamsburg Collection [Member]
Business Acquisition [Line Items]
Equity interest held by Operating Partnership	49.99%
Investments in and advances to unconsolidated affiliates	$ 30,900
Equity Method Investments	$ 2,800
Equity method investment, ownership percentage by third party	50.01%
Williamsburg Collection [Member] | First Mortgage Loan [Member]
Business Acquisition [Line Items]
Investments in and advances to unconsolidated affiliates	$ 64,100

Real Estate - Acquisitions and

Real Estate - Acquisitions and Conversions - Additional Information (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Capitalized acquisition costs	$ 1,200,000	$ 3,600,000
Debt assumed	35,970,000	31,801,000
Properties Held for Sale of disposition	11,100,000
Canton Marketplace [Member]
Business Acquisition [Line Items]
Mortgage assumed		$ 31,800,000
640 Broadway
Business Acquisition [Line Items]
Mortgage assumed	36,000
Williamsburg Portfolio
Business Acquisition [Line Items]
Capitalized acquisition costs	2,000,000
Acquisition Fees Paid	$ 1,500,000

Real Estate - Schedule of Purch

Real Estate - Schedule of Purchase Price Allocations (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Purchase Price Allocation
Land	$ 119,898	$ 37,290
Buildings and improvements	168,862	134,065
Acquisition-related intangible assets	29,016	39,953
Accounts receivable, prepaids and other assets	4,077	0
Accounts payable and other liabilities	(661)	0
Acquisition-related intangible liabilities	(14,126)	(16,342)
Net assets acquired	307,066	194,966
Consideration
Cash	242,633	161,846
Carrying value of note receivable exchanged in foreclosure	5,416	0
Existing interest in previously unconsolidated investment	17,822	0
Debt assumed	35,970	31,801
Liabilities assumed	4,062	1,319
Total consideration	305,903	194,966
Gain on Bargain Purchase	1,163	0
Total consideration including gain on bargain purchase	$ 307,066	$ 194,966

Real Estate - Schedule of Prope

Real Estate - Schedule of Property Dispositions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Sale	$ 8,885	$ 0	$ 49,916	$ 10,521
Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale Price			192,703		$ 66,325	[1]
Gain on Sale			$ 49,916		$ 9,787	[1]
Core Portfolio | Disposed of by sale | 60 Orange St - Bloomfield, NJ.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Jan. 29, 2021
Sale Price					$ 16,400
Gain on Sale					$ 4,612
Fund IV | Disposed of by sale | NE Grocer Portfolio (Selected Assets) - Pennsylvania
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold			Jan. 26, 2022
Sale Price			$ 45,350
Gain on Sale			$ 13,784
Fund IV | Disposed of by sale | NE Grocer Portfolio (Selected Assets) - Maine
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Jun. 18, 2021
Sale Price					$ 39,925
Gain on Sale					$ 5,064
Fund IV | Disposed of by sale | Lincoln Place Fairview Heights, IL
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold			May 25, 2022
Sale Price			$ 40,670
Gain on Sale			$ 12,216
Fund IV | Disposed of by sale | Wake Forest Crossing - Wake Forest, NC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold			Aug. 24, 2022
Sale Price			$ 38,919
Gain on Sale			$ 8,885
Fund III | Disposed of by sale | Cortlandt Crossing - Westchester County, New York
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold			Feb. 09, 2022
Sale Price			$ 65,533
Gain on Sale			$ 13,255
Fund III | Disposed of by sale | 654 Broadway - New York, NY
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					May 19, 2021
Sale Price					$ 10,000
Gain on Sale					$ 111
Fund V | Disposed of by sale | New Towne (Parcel) - Canton, MI
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold			Feb. 01, 2022
Sale Price			$ 2,231
Gain on Sale			$ 1,776
[1] Does not include the gain on lease termination of $ 0.7 million related to the Fund IV lease at 110 University Place ( Note 11 ).

Real Estate - Schedule of Pro_2

Real Estate - Schedule of Property Dispositions (Details) (Parenthetical) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on termination of lease	$ 0	$ 3,615
Fund IV | 110 University Place
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on termination of lease			$ 700

Real Estate - Schedule of Dispo

Real Estate - Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
STATEMENTS OF INCOME
Gain on disposition of properties	$ 8,885	$ 0	$ 49,916	$ 10,521
Disposal Group, Not Discontinued Operations
STATEMENTS OF INCOME
Revenues	929	4,335	5,429	15,997
Expenses	(620)	(3,815)	(4,112)	(14,658)
Gain on disposition of properties	8,885	0	49,916	10,521
Net income attributable to noncontrolling interests	(7,069)	(401)	(39,251)	(5,583)
Net income attributable to Acadia	$ 2,125	$ 119	$ 11,982	$ 6,277

Real Estate - Schedule of Devel

Real Estate - Schedule of Development in Process Activities (Details) $ in Thousands		9 Months Ended		12 Months Ended
		Sep. 30, 2022 USD ($) Property		Dec. 31, 2021 USD ($) Property		Jan. 01, 2022 USD ($) Property		Jan. 01, 2021 USD ($) Property
Property, Plant and Equipment [Line Items]
Number of properties under development | Property		4		2		2		3
Real estate under development, beginning balance		$ 186,360		$ 203,773		$ 203,773		$ 247,201
Transfers In		9,610		29,758
Capitalized Costs		4,500		8,994
Transfers Out		$ (31,523)		$ (82,180)
Core Portfolio
Property, Plant and Equipment [Line Items]
Number of properties under development | Property		2		0		0		0
Real estate under development, beginning balance		$ 53,981		$ 42,517		$ 42,517		$ 63,875
Transfers In		9,610		0
Capitalized Costs		1,854		1,855
Transfers Out		$ 0		$ (23,213)
Fund Portfolio | Fund II
Property, Plant and Equipment [Line Items]
Number of properties under development | Property		0		0		0		0
Real estate under development, beginning balance		$ 36,612		$ 35,125		$ 35,125		$ 74,657
Transfers In		0		0
Capitalized Costs		1,487		3,921
Transfers Out		$ 0		$ (43,453)
Fund Portfolio | Fund III
Property, Plant and Equipment [Line Items]
Number of properties under development | Property		1		1		1		1
Real estate under development, beginning balance		$ 25,373		$ 24,296		$ 24,296		$ 23,104
Transfers In		0		0
Capitalized Costs		1,077		1,192
Transfers Out		$ 0		$ 0
Fund Portfolio | Fund IV
Property, Plant and Equipment [Line Items]
Number of properties under development | Property		1	[1]	1	[2]	1	[1]	2	[2]
Real estate under development, beginning balance		$ 70,394	[1]	$ 101,835	[2]	$ 101,835	[1]	$ 85,565	[2]
Transfers In	[1]	0		29,758
Capitalized Costs	[1]	82		2,026
Transfers Out		$ (31,523)	[1]	$ (15,514)	[2]
[1] Transfers out include $ 12.9 million related to a portion of one Fund IV property that was transferred out of development and an impairment charge totaling $ 18.7 million on one Fund IV development property ( Note 8 ). Transfers in include $ 29.8 million related to the remaining portion of one Fund IV property that was placed in development.

Real Estate - Schedule of Dev_2

Real Estate - Schedule of Development in Process Activities (Parenthetical) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Notes receivable, net	$ 123,966	$ 153,886
Fund IV
Property, Plant and Equipment [Line Items]
Notes receivable, net	29,800
Fund Portfolio | Fund IV
Property, Plant and Equipment [Line Items]
Impairment charge	$ 12,900

Real Estate - Real Estate Under

Real Estate - Real Estate Under Development and Construction in Progress - Additional Information (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Dec. 31, 2021 USD ($) Property	Jun. 30, 2021 Property	Mar. 31, 2021 Property	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Notes receivable, net	$ 153,886			$ 123,966
Fund IV
Property, Plant and Equipment [Line Items]
Notes receivable, net				29,800
Core Portfolio
Property, Plant and Equipment [Line Items]
Number of projects put into service during period | Property		1	1
Notes receivable, net				13,500	$ 16,000
Fund Portfolio | Fund IV
Property, Plant and Equipment [Line Items]
Number of projects put into service during period | Property	1
Impairment charge				12,900
Fund Portfolio | Fund IV development property
Property, Plant and Equipment [Line Items]
Impairment charge				$ 18,700

Notes Receivable, Net - Schedul

Notes Receivable, Net - Schedule of Notes Receivable (Details) $ in Thousands		9 Months Ended		12 Months Ended
		Sep. 30, 2022 USD ($) NotesReceivable		Dec. 31, 2021 USD ($)	Aug. 31, 2022 USD ($)
Accounts Notes And Loans Receivable [Line Items]
Total notes receivable		$ 124,801		$ 159,638
Allowance for credit loss		$ (835)		(5,752)	$ (500)
Notes receivable, net				$ 153,886
Number | NotesReceivable		5
Interest Rate				9%
Minimum
Accounts Notes And Loans Receivable [Line Items]
Maturity Date	[1]	2020-04
Interest Rate		4.65%	[1]	5%
Maximum
Accounts Notes And Loans Receivable [Line Items]
Maturity Date	[1]	2027-12
Interest Rate		9%	[1]	12%
Core Portfolio
Accounts Notes And Loans Receivable [Line Items]
Total notes receivable	[1]	$ 124,801		$ 154,332
Notes receivable, net		$ 123,966
Number | NotesReceivable	[1]	5
Fund III
Accounts Notes And Loans Receivable [Line Items]
Allowance for credit loss		$ (4,600)
Maturity Date				2020-07
Fund III | Fund Portfolio
Accounts Notes And Loans Receivable [Line Items]
Allowance for credit loss		$ 0		$ (5,306)
[1] Includes one note receivable from an OP Unit holder, with a balance of $ 6.0 million at September 30, 2022 and December 31, 2021

Notes Receivable, Net - Sched_2

Notes Receivable, Net - Schedule of Notes Receivable (Parenthetical) (Details) $ in Thousands		Sep. 30, 2022 USD ($) NotesReceivable	Dec. 31, 2021 USD ($)
Accounts Notes And Loans Receivable [Line Items]
Number of notes receivable | NotesReceivable		5
Notes receivable		$ 124,801	$ 159,638
Core Portfolio
Accounts Notes And Loans Receivable [Line Items]
Number of notes receivable | NotesReceivable	[1]	5
Notes receivable	[1]	$ 124,801	154,332
OP Unit Holders | Core Portfolio
Accounts Notes And Loans Receivable [Line Items]
Notes receivable		$ 6,000	$ 6,000
[1] Includes one note receivable from an OP Unit holder, with a balance of $ 6.0 million at September 30, 2022 and December 31, 2021

Notes Receivable, Net - Additio

Notes Receivable, Net - Additional Information (Details) - USD ($)			1 Months Ended	9 Months Ended		12 Months Ended
		Jul. 12, 2021	Aug. 31, 2022	Sep. 30, 2022		Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2022
Accounts Notes And Loans Receivable [Line Items]
Increase in allowance for credit loss				$ (858,000)
Decrease in allowance for credit loss				300,000
Notes receivable				124,801,000		$ 159,638,000
OP Units in settlement of note receivable		21,109				21,109
Settlement amount of note receivable in OP units		$ 500,000				$ 500,000
Note receivable accrued interest				15,098,000		21,148,000
Loan To Investors			$ 65,900,000
Notes receivable, net				123,966,000		153,886,000
Credit loss reserve			$ 500,000	835,000		5,752,000
Notes receivable, net				123,966,000		$ 153,886,000
Interest Rate						9%
Aggregate loans						$ 153,886,000
Core Note
Accounts Notes And Loans Receivable [Line Items]
Notes receivable						$ 13,500,000
Notes receivable maturity date						Jun. 01, 2022	Oct. 28, 2021
Notes receivable modified, subsequent payment default				21,600,000		$ 21,600,000
Fund II
Accounts Notes And Loans Receivable [Line Items]
Loan To Investors				65,900,000
Fund III
Accounts Notes And Loans Receivable [Line Items]
Increase in allowance for credit loss						$ 4,500,000
venture partner's interest obtained				$ 5,300,000
Equity method investment, ownership percentage				100%
Maturity Date						2020-07
Note receivable accrued interest				$ 4,700,000
Credit loss reserve				$ 4,600,000
Maximum
Accounts Notes And Loans Receivable [Line Items]
Maturity Date	[1]			2027-12
Interest Rate				9%	[1]	12%
Minimum
Accounts Notes And Loans Receivable [Line Items]
Maturity Date	[1]			2020-04
Interest Rate				4.65%	[1]	5%
Core Portfolio
Accounts Notes And Loans Receivable [Line Items]
Notes receivable	[1]			$ 124,801,000		$ 154,332,000
Note receivable accrued interest				5,700,000
Notes receivable, net				13,500,000				$ 16,000,000
Notes receivable, net				13,500,000				$ 16,000,000
Aggregate loans				123,966,000
Core Portfolio | Silver Spring, Maryland
Accounts Notes And Loans Receivable [Line Items]
Notes receivable, net						16,000,000
Notes receivable, net						16,000,000
Core Portfolio | Soho, New York
Accounts Notes And Loans Receivable [Line Items]
Notes receivable, net						43,000,000
Notes receivable, net						43,000,000
Core Portfolio | Three Tranches
Accounts Notes And Loans Receivable [Line Items]
Notes receivable, net						42,000,000
Notes receivable, net						$ 42,000,000
Structured Financing
Accounts Notes And Loans Receivable [Line Items]
Note receivable accrued interest				4,100,000
Loans amortized cost				0
Aggregate loans				27,900,000
Structured Financing | Non-Collateral Dependent Loans
Accounts Notes And Loans Receivable [Line Items]
Note receivable accrued interest				10,300,000
Credit loss reserve				800,000
Loans amortized cost				$ 111,300,000
[1] Includes one note receivable from an OP Unit holder, with a balance of $ 6.0 million at September 30, 2022 and December 31, 2021

Investments in and Advances t_3

Investments in and Advances to Unconsolidated Affiliates - Schedule of Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Due from (to) Related Parties	$ 175	$ 666
Other	3,994	3,811
Investments in and advances to unconsolidated affiliates	317,422	322,326
Distributions in excess of income from, and investments in, unconsolidated affiliates	$ 8,880	9,939
KLA/ABS
Schedule of Equity Method Investments [Line Items]
Cost method investment, ownership percentage	36.70%
Cost Method Investment	$ 102,368	124,316
Self Storage Management
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	0%
Equity method investments	$ 0	207
640 Broadway
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	100%
Equity method investments	$ 0	17,825
Fund III
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	100%
Equity method investments	$ 0	18,032
Fund IV Other Portfolio
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	98.57%
Equity method investments	$ 11,877	12,675
650 Bald Hill Road
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	90%
Equity method investments	$ 10,220	11,677
Fund IV
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 23,119	26,327
Paramus Plaza
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
Equity method investments	$ 1,022	1,975
Fund V Family Center at Riverdale
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	89.42%
Equity method investments	$ 11,852	12,449
Tri City Plaza
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	90%
Equity method investments	$ 8,983	6,827
Frederick County Acquisitions
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	90%
Equity method investments	$ 13,096	10,748
Wood Ridge Plaza
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	90%
Equity method investments	$ 13,289	0
La Frontera Village
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	90%
Equity method investments	$ 21,097	0
Shoppes at South Hills
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	90%
Equity method investments	$ 45,436	0
Fund V
Schedule of Equity Method Investments [Line Items]
Equity method investments	74,013	119,150
Core Portfolio
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 113,753	30,024
Core Portfolio | 840 N. Michigan Avenue
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	88.43%
Equity method investments	$ 341	51,513
Core Portfolio | Renaissance Portfolio
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	20%
Equity method investments	$ 28,904	28,466
Core Portfolio | Gotham Plaza
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49%
Equity method investments	$ 29,666	29,187
Core Portfolio | Georgetown Portfolio
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
Equity method investments	$ 4,109	4,089
Core Portfolio | 1238 Wisconsin Avenue
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	80%
Equity method investments	$ 10,993	5,895
Core Portfolio | Crossroads
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49%
Distributions in excess of income from, and investments in, unconsolidated affiliates	$ 8,880	$ 9,939

Investments in and Advances t_4

Investments in and Advances to Unconsolidated Affiliates - Schedule of Investments (Parenthetical) (Details) - USD ($) $ in Thousands		Sep. 30, 2022		Dec. 31, 2021		Sep. 30, 2021
Schedule of Equity Method Investments [Line Items]
Unconsolidated VIE assets		$ 4,363,498	[1],[2]	$ 4,261,746	[2]	$ 4,184,285
Total liabilities	[2]	2,082,295		2,111,811
Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Unconsolidated VIE assets		38,400		32,200
Total liabilities		$ 46,100		$ 41,900
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

Investments in and Advances t_5

Investments in and Advances to Unconsolidated Affiliates - Core Portfolio - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 04, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Investments carried at fair value or cost		$ 3,994		$ 3,994		$ 3,811
Impairment of investments		(57,423)		(57,423)
Subscription Agreement [Member]
Schedule of Equity Method Investments [Line Items]
Investments carried at fair value or cost						7,500
General Partners' Contributed Capital						5,400
Increase in Investment						1,900
Riverdale
Schedule of Equity Method Investments [Line Items]
Repayment related to mortgage	$ 7,900
Recognized gain in shares amount	600
Proceeds from sale of property	$ 10,500
Venture Capital Gain (Loss), Net						$ 3,200
Core Portfolio | Fifth Wall Ventures Retail Fund, L.P.
Schedule of Equity Method Investments [Line Items]
Investments carried at fair value or cost		$ 200		$ 200

Investments in and Advances t_6

Investments in and Advances to Unconsolidated Affiliates - Mervyns II - Additional Information (Details) - Mervyns II - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Proceeds from Dividends Received	$ 1.4	$ 1.7
Unrealized change in fair value of investment	$ 22	$ 51.9

Investments in and Advances t_7

Investments in and Advances to Unconsolidated Affiliates - Fund Investments - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) Property	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) Property	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of retail properties | Property	202		202
Proceeds from the disposition of properties , net			$ 195,367	$ 63,901
Impairment of investments	$ (57,423)		(57,423)
840 N. Michigan Avenue
Schedule of Equity Method Investments [Line Items]
Impairment of investments			50,800
La Frontera Village
Schedule of Equity Method Investments [Line Items]
Purchase Price	81,400		81,400
Fund V
Schedule of Equity Method Investments [Line Items]
Purchase Price	15,900		15,900
Fund V | Bridge Loan
Schedule of Equity Method Investments [Line Items]
Long-term line of credit, noncurrent	31,700		31,700		$ 52,000
Fund V Acquisition One
Schedule of Equity Method Investments [Line Items]
Purchase Price	26,500		26,500
Mortgage Loan	57,000		57,000
Mortgage Loan Funded at Closing	55,500		55,500
Fund V Acquisition Two
Schedule of Equity Method Investments [Line Items]
Purchase Price	15,300		15,300
Wood Ridge Plaza
Schedule of Equity Method Investments [Line Items]
Purchase Price	49,300		49,300
Mortgage Loan	36,600		36,600
Mortgage Loan Funded at Closing	32,300		32,300
Self Storage Management
Schedule of Equity Method Investments [Line Items]
Proceeds from the disposition of properties , net			6,000
Gains (Losses) on Sales of Investment Real Estate			1,500
Shoppes at South Hills
Schedule of Equity Method Investments [Line Items]
Purchase Price	$ 47,600		$ 47,600

Investments in and Advances t_8

Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Additional Information (Details) - Equity Method Investee - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Equity Method Investments [Line Items]
Related party revenue	$ 0.1	$ 0.1	$ 0.3	$ 0.4
Expenses, related party	$ 0.5	$ 0.3	$ 1.1	$ 1

Investments in and Advances t_9

Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2022		Dec. 31, 2021		Sep. 30, 2021
Combined and Condensed Balance Sheets
Real estate under development	$ 186,360		$ 203,773
Other assets, net	234,558		186,509
Total VIE assets	4,363,498	[1],[2]	4,261,746	[2]	$ 4,184,285
Total liabilities and equity	4,363,498		4,261,746
Investments carried at fair value or cost	3,994		3,811
Company's share of distributions in excess of income from and investments in unconsolidated affiliates	8,880		9,939
Investments in and advances to unconsolidated affiliates	317,422		322,326
Unconsolidated Affiliates
Combined and Condensed Balance Sheets
Rental property, net	681,799		631,661
Real estate under development	14,387		8,112
Other assets, net	133,731		78,300
Total VIE assets	829,917		718,073
Mortgage notes payable	624,043		571,461
Other liabilities	99,566		69,166
Partners’ equity	106,308		77,446
Total liabilities and equity	829,917		718,073
Company's share of accumulated equity	145,270		113,285
Basis differential	53,061		66,031
Deferred fees, net of portion related to the Company's interest	3,674		4,071
Amounts receivable/payable by the Company	175		666
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates	202,180		184,053
Investments carried at fair value or cost	106,362		128,334
Company's share of distributions in excess of income from and investments in unconsolidated affiliates	8,880		9,939
Investments in and advances to unconsolidated affiliates	$ 317,422		$ 322,326
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

Investments in and Advances _10

Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Combined and Condensed Statements of Operations
Revenues	$ 79,946	$ 71,896	$ 245,712	$ 213,140
Depreciation and amortization	(33,744)	(30,064)	(102,428)	(91,244)
Impairment of investments	(57,423)		(57,423)
Company's equity in earnings (losses) of unconsolidated affiliates	(50,579)	372	(46,169)	3,153
Unconsolidated Affiliates
Combined and Condensed Statements of Operations
Revenues	25,096	18,974	72,167	59,090
Operating and other expenses	(8,443)	(7,174)	(23,768)	(21,584)
Interest expense	(7,130)	(4,978)	(18,458)	(15,799)
Depreciation and amortization	(9,708)	(6,785)	(24,867)	(23,154)
Gain on disposition of properties	0	0	0	3,206
Net (loss) income attributable to unconsolidated affiliates	(57,608)	37	(52,349)	1,759
Operating Partnership, as General Partner or Managing Member
Combined and Condensed Statements of Operations
Company's share of equity in net (loss) income of unconsolidated affiliates	50,331	910	45,416	4,951
Income attributable to unconsolidated affiliated recently sold or consolidated	0	(283)	0	(845)
Basis differential amortization	(248)	(255)	(753)	(953)
Company's equity in earnings (losses) of unconsolidated affiliates	$ (50,579)	$ 372	$ (46,169)	$ 3,153

Investments in and Advances _11

Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Income Statement (Parenthetical) (Details)	Jan. 04, 2021 LandParcel
Equity Method Investments and Joint Ventures [Abstract]
Number of land parcels sold by the Family Center at Riverdale	2

Other Assets, Net and Account_3

Other Assets, Net and Accounts Payable and Other Liabilities - Schedule of other assets and other liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Assets, Net:
Lease intangibles, net (Note 6)	$ 110,620	$ 108,918
Deferred charges, net	26,899	28,438
Derivative financial instruments (Note 8)	56,578	7
Prepaid expenses	17,077	17,230
Accrued interest receivable (Note 3)	15,098	21,148
Due from seller	3,036	3,364
Income taxes receivable	1,826	2,279
Other receivables	1,527	1,830
Corporate assets, net	1,376	1,648
Deposits	521	1,647
Other assets, net	234,558	186,509
Deferred Charges, Net:
Deferred leasing and other costs	60,695	58,281
Deferred financing costs related to line of credit	9,502	9,953
Deferred costs, gross	70,197	68,234
Accumulated amortization	(43,298)	(39,796)
Deferred charges, net	26,899	28,438
Accounts Payable and Other Liabilities:
Lease intangibles, net (Note 6)	$ 80,544	$ 76,778
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and other liabilities	Accounts payable and other liabilities
Accounts payable and accrued expenses	$ 62,984	$ 56,580
Deferred income	36,073	38,373
Tenant security deposits, escrow and other	14,509	13,045
Lease liability - finance leases, net (Note 11)	6,917	6,612
Derivative financial instruments (Note 8)	6	45,027
Accounts payable and other liabilities	$ 201,033	$ 236,415
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable and other liabilities	Accounts payable and other liabilities

Lease Intangibles - Schedule of

Lease Intangibles - Schedule of Intangible Assets and Liabilities Included in Other Assets and Accounts Payable and Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross Carrying Amount	$ 327,204	$ 315,010
Amortizable Intangible Assets, Accumulated Amortization	(216,584)	(206,092)
Amortizable Intangible Assets, Net Carrying Amount	110,620	108,918
Amortizable Intangible Liabilities
Amortizable Intangible Liabilities, Gross Carrying Amount	(181,202)	(171,245)
Amortizable Intangible Liabilities, Accumulated Amortization	101,018	94,871
Amortizable Intangible Liabilities, Net Carrying Amount	(80,184)	(76,374)
Above-market Ground Lease, Gross	(671)	(671)
Above-market Ground Lease, Accumulated Amortization	311	267
Above-market Ground Lease, Net	(360)	(404)
Finite-Lived Intangible Liabilities, Gross	(181,873)	(171,916)
Finite-Lived Intangible Liabilities, Accumulated Amortization	101,329	95,138
Finite-Lived Intangible Liabilities, Net	(80,544)	(76,778)
In-place lease intangible assets
Finite-Lived Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross Carrying Amount	303,140	290,819
Amortizable Intangible Assets, Accumulated Amortization	(199,808)	(189,981)
Amortizable Intangible Assets, Net Carrying Amount	103,332	100,838
Amortizable Intangible Liabilities
Amortizable Intangible Liabilities, Net Carrying Amount	(72,896)
Above-market rent
Finite-Lived Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross Carrying Amount	24,064	24,191
Amortizable Intangible Assets, Accumulated Amortization	(16,776)	(16,111)
Amortizable Intangible Assets, Net Carrying Amount	$ 7,288	$ 8,080

Lease Intangibles - Additional

Lease Intangibles - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
In-place lease intangible assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 28.2	$ 34.7
Lease intangible assets wrote-off	0.3	1.7
Amortization of intangible of assets	$ 0.2	$ 1.6
Acquired intangible assets, weighted average useful life	6 years 4 months 24 days	5 years 9 months 18 days
Finite lived intangible assets derecognized	$ 1.3	$ 2.2
In-place lease intangible assets | Tenant Non Renewals Member
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible of assets	0.1	1.1
Above-market rent
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 0.8	$ 5.3
Acquired intangible assets, weighted average useful life	6 years 10 months 24 days	5 years 4 months 24 days
Below Market Rents
Finite-Lived Intangible Assets [Line Items]
Below market rents, acquired	$ 14.1	$ 16.3
Lease intangible assets wrote-off	0.5	3
Amortization of intangible of assets	$ 4.6	$ 3.6
Acquired intangible assets, weighted average useful life	11 years 4 months 24 days	27 years 8 months 12 days
Finite lived intangible assets derecognized	$ 2	$ 4.4
Below Market Rents | Early Tenant Lease Terminations Member
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible of assets	$ 4.5	$ 3.1

Lease Intangibles - Scheduled A

Lease Intangibles - Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Acquired Lease Intangibles [Abstract]
Net Increase In Lease Revenues, Total	$ 80,184	$ 76,374
Amortizable Intangible Assets, Net Carrying Amount	(110,620)	(108,918)
In-place lease intangible assets
Acquired Lease Intangibles [Abstract]
2022, Net Increase In Lease Revenues	1,688
2023, Net Increase In Lease Revenues	6,397
2024, Net Increase In Lease Revenues	6,209
2025, Net Increase In Lease Revenues	5,792
2026, Net Increase In Lease Revenues	5,440
Thereafter, Net Increase In Lease Revenues	47,370
Net Increase In Lease Revenues, Total	72,896
2022, Increase to Amortization	(9,484)
2023, Increase to Amortization	(31,875)
2024, Increase to Amortization	(23,616)
2025, Increase to Amortization	(17,184)
2026, Increase to Amortization	(12,920)
Thereafter, Increase to Amortization	(8,253)
Amortizable Intangible Assets, Net Carrying Amount	(103,332)	$ (100,838)
2022, Reduction of Rent Expense	15
2023, Reduction of Rent Expense	58
2024, Reduction of Rent Expense	58
2025, Reduction of Rent Expense	58
2026, Reduction of Rent Expense	58
Thereafter, Reduction of Rent Expense	113
Reduction of Rent Expense, Total	360
2022, Net Income (Expense)	(7,781)
2023, Net Income (Expense)	(25,420)
2024, Net Income (Expense)	(17,349)
2025, Net Income (Expense)	(11,334)
2026, Net Income (Expense)	(7,422)
Thereafter, Net Income (Expense)	39,230
Total, Net Income (Expense)	$ (30,076)

Debt - Summary of Consolidated

Debt - Summary of Consolidated Indebtedness (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
		Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,831,231		$ 1,831,231	$ 1,819,738
Net unamortized debt issuance costs		(13,768)		(13,768)	(7,946)
Unamortized premium		369		369	446
Mortgage and other notes payable, net		945,235		945,235	1,140,293
Unsecured notes payable, net		694,310		694,310	559,040
Total Indebtedness		$ 1,817,832		1,817,832	1,812,238
SOFR
Debt Instrument [Line Items]
Basis spread on variable rate		2.61%	2.56%
Fund Portfolio | Fund II
Debt Instrument [Line Items]
Long-term debt, gross		$ 132,259		132,259	255,978
Fund Portfolio | Fund III
Debt Instrument [Line Items]
Long-term debt, gross		35,970		$ 35,970	34,728
Fund Portfolio | LIBOR | Fund V | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				1.60%
Variable Rate
Debt Instrument [Line Items]
Long-term debt, gross	[1]	489,876		$ 489,876	780,935
Mortgages
Debt Instrument [Line Items]
Net unamortized debt issuance costs		(5,416)		(5,416)	(3,988)
Unamortized premium		369		369	446
Mortgage and other notes payable, net		945,235		945,235	1,140,293
Mortgages | Core Portfolio
Debt Instrument [Line Items]
Long-term debt, gross		204,716		204,716	218,421
Mortgages | Fund Portfolio
Debt Instrument [Line Items]
Long-term debt, gross		427,418		427,418	388,410
Mortgages | Fund Portfolio | Fund IV
Debt Instrument [Line Items]
Long-term debt, gross		152,855		152,855	246,268
Unsecured Debt
Debt Instrument [Line Items]
Net unamortized debt issuance costs		(8,352)		(8,352)	(3,958)
Unsecured notes payable, net		694,310		694,310	559,040
Line of Credit
Debt Instrument [Line Items]
Unsecured notes payable, net		178,287		178,287	112,905
Fixed Rate
Debt Instrument [Line Items]
Long-term debt, gross	[2]	1,341,355		1,341,355	1,038,803
Fixed Rate | Mortgages | Core Portfolio
Debt Instrument [Line Items]
Long-term debt, gross		$ 144,326		$ 144,326	$ 145,464
Fixed Rate | Mortgages | Core Portfolio | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage		5.89%		5.89%	5.89%
Maturity Date				2035-04
Fixed Rate | Mortgages | Core Portfolio | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage		3.88%		3.88%	3.88%
Maturity Date				2024-02
Fixed Rate | Mortgages | Fund Portfolio | Fund IV
Debt Instrument [Line Items]
Interest rate, stated percentage		4.50%		4.50%	4.50%
Maturity Date				2025-10
Long-term debt, gross		$ 1,120		$ 1,120	$ 1,120
Fixed Rate | Mortgages | Fund Portfolio | Fund V
Debt Instrument [Line Items]
Interest rate, stated percentage		3.35%		3.35%	3.35%
Maturity Date				2023-05
Long-term debt, gross		$ 31,801		$ 31,801	$ 31,801
Variable Rate Debt | Core Portfolio | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				1.70%
Variable Rate Debt | Core Portfolio | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.50%
Variable Rate Debt | Fund Portfolio | LIBOR | Fund III
Debt Instrument [Line Items]
Basis spread on variable rate				3.10%
Variable Rate Debt | Fund Portfolio | LIBOR | Fund IV | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				3.65%
Variable Rate Debt | Fund Portfolio | LIBOR | Fund IV | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Variable Rate Debt | Fund Portfolio | LIBOR | Fund V | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				2.50%
Variable Rate Debt | Fund Portfolio | LIBOR | Fund V | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.50%
Variable Rate Debt | Fund Portfolio | SOFR | Fund II
Debt Instrument [Line Items]
Basis spread on variable rate				2.61%
Variable Rate Debt | Mortgages | SOFR | Fund II
Debt Instrument [Line Items]
Basis spread on variable rate				2.61%
Variable Rate Debt | Mortgages | Fund Portfolio | Fund IV
Debt Instrument [Line Items]
Long-term debt, gross		151,735		$ 151,735	221,832
Variable Rate Debt | Mortgages | Fund Portfolio | Fund IV | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				3.65%
Variable Rate Debt | Mortgages | Fund Portfolio | Fund IV | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Variable Rate Debt | Mortgages | Fund Portfolio | Fund V
Debt Instrument [Line Items]
Long-term debt, gross		58,136		$ 58,136	$ 58,878
Variable Rate Debt | Mortgages | Fund Portfolio | Prime rate | Fund II
Debt Instrument [Line Items]
Basis spread on variable rate					2%
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund II
Debt Instrument [Line Items]
Basis spread on variable rate					2.75%
Maturity Date				2025-08
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund III | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate					2.75%
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund III | Minimum
Debt Instrument [Line Items]
Maturity Date				2023-07
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund IV | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate					3.65%
Maturity Date				2026-06
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund IV | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate					1.60%
Maturity Date				2022-10
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund V
Debt Instrument [Line Items]
Basis spread on variable rate				1.85%
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund V | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate					2.76%
Maturity Date				2026-11
Variable Rate Debt | Mortgages | Fund Portfolio | LIBOR | Fund V | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate					1.85%
Maturity Date				2023-06
Variable Rate Debt | Mortgages | Fund Portfolio | SOFR | Fund V
Debt Instrument [Line Items]
Basis spread on variable rate				2.76%
Variable Rate Debt | Mortgages | Variable Rate | SOFR | Fund III | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				3.35%
Variable Rate - Swapped | Mortgages | Core Portfolio
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 60,390		$ 60,390	$ 72,957
Variable Rate - Swapped | Mortgages | Core Portfolio | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	4.54%		4.54%	4.54%
Maturity Date	[3]			2028-11
Variable Rate - Swapped | Mortgages | Core Portfolio | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	3.41%		3.41%	3.41%
Maturity Date	[3]			2026-06
Variable Rate - Swapped | Mortgages | Fund Portfolio | Fund IV
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 0		$ 0	$ 23,316
Variable Rate - Swapped | Mortgages | Fund Portfolio | Fund IV | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	[3]				4.61%
Variable Rate - Swapped | Mortgages | Fund Portfolio | Fund IV | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	[3]				3.48%
Variable Rate - Swapped | Mortgages | Fund Portfolio | Fund V
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 337,481		$ 337,481	$ 297,731
Variable Rate - Swapped | Mortgages | Fund Portfolio | Fund V | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	5.11%		5.11%	4.78%
Maturity Date	[3]			2025-04
Variable Rate - Swapped | Mortgages | Fund Portfolio | Fund V | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	2.51%		2.51%	2.43%
Maturity Date	[3]			2023-01
Variable Rate Unsecured Term Loans - Swapped | Unsecured Debt | Core Portfolio
Debt Instrument [Line Items]
Long-term debt, gross	[3]	$ 650,000		$ 650,000	$ 400,000
Variable Rate Unsecured Term Loans - Swapped | Unsecured Debt | Core Portfolio | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	5.32%		5.32%	5.32%
Maturity Date	[3]			2029-07
Variable Rate Unsecured Term Loans - Swapped | Unsecured Debt | Core Portfolio | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	3.65%		3.65%	3.65%
Maturity Date	[3]			2026-06
Variable Rate Unsecured Term Loans - Swapped | Line of Credit | Core Portfolio
Debt Instrument [Line Items]
Maturity Date				2025-06
Long-term debt, gross		$ 62,050		$ 62,050	$ 46,491
Variable Rate Unsecured Term Loans - Swapped | Line of Credit | Core Portfolio | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.40%	1.40%
Unsecured Notes Payable | Core Portfolio | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.55%
Unsecured Notes Payable | Unsecured Debt | Fund Portfolio | Fund II
Debt Instrument [Line Items]
Long-term debt, gross		0		$ 0	$ 40,000
Unsecured Notes Payable | Unsecured Debt | Fund Portfolio | LIBOR | Fund II
Debt Instrument [Line Items]
Basis spread on variable rate					2.25%
Term Loan Subscription Facility | Unsecured Debt | Fund Portfolio | Fund IV
Debt Instrument [Line Items]
Long-term debt, gross		0		$ 0	$ 5,000
Term Loan Subscription Facility | Unsecured Debt | Fund Portfolio | SOFR | Fund IV
Debt Instrument [Line Items]
Basis spread on variable rate				2.01%	2.01%
Maturity Date				2022-12
Subscription Line | Unsecured Debt | Fund Portfolio | Fund V
Debt Instrument [Line Items]
Long-term debt, gross		$ 49,726		$ 49,726	$ 118,028
Subscription Line | Unsecured Debt | Fund Portfolio | LIBOR | Fund V
Debt Instrument [Line Items]
Basis spread on variable rate					1.90%
Maturity Date		2023-05
Subscription Line | Unsecured Debt | Fund Portfolio | SOFR | Fund V
Debt Instrument [Line Items]
Basis spread on variable rate				1.86%
Unsecured Line of Credit - Swapped | Line of Credit | Core Portfolio
Debt Instrument [Line Items]
Maturity Date	[3]			2025-06
Long-term debt, gross	[3]	$ 116,237		$ 116,237	$ 66,414
Unsecured Line of Credit - Swapped | Line of Credit | Core Portfolio | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	5.32%		5.32%	5.32%
Unsecured Line of Credit - Swapped | Line of Credit | Core Portfolio | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	[3]	3.65%		3.65%	3.65%
[1] Includes $ 107.3 million and $ 110.5 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented. Includes $ 1,164.1 million and $ 860.4 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented. At September 30, 2022, the stated rates ranged from LIBOR + 1.50 % to LIBOR + 1.70 % for Core variable-rate debt; SOFR + 2.61 % for Fund II variable-rate debt; LIBOR + 3.10 % for Fund III variable-rate debt; LIBOR 1.75 % to LIBOR + 3.65 % for Fund IV variable-rate debt; LIBOR + 1.50 % to SOFR + 2.50 % for Fund V variable-rate debt; LIBOR + 1.55 % to SOFR + 1.60 % for Core variable-rate unsecured term loans; and LIBOR + 1.40 % for Core variable-rate unsecured lines of credit.

Debt - Summary of Consolidate_2

Debt - Summary of Consolidated Indebtedness (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,831,231		$ 1,831,231	$ 1,819,738
Interest Rate Caps
Debt Instrument [Line Items]
Long-term debt, gross	$ 107,300		107,300	110,500
SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.61%	2.56%
Total Debt - Variable Rate Debt Fixed with Interest Rate Swap Agreements
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,164,100		1,164,100	860,400
Core Portfolio | Mortgages
Debt Instrument [Line Items]
Long-term debt, gross	204,716		204,716	218,421
Fund Portfolio | Mortgages
Debt Instrument [Line Items]
Long-term debt, gross	427,418		$ 427,418	388,410
Minimum | Core Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.50%
Minimum | Core Portfolio | Unsecured Notes Payable | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.55%
Minimum | Core Portfolio | Unsecured Line of Credit [Member] | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.40%
Maximum | Core Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.70%
Fund II | Variable Rate Debt | SOFR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate			2.61%
Fund II | Fund Portfolio
Debt Instrument [Line Items]
Long-term debt, gross	132,259		$ 132,259	$ 255,978
Fund II | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				2.75%
Fund II | Fund Portfolio | Variable Rate Debt | PRIME | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				2%
Fund II | Fund Portfolio | Variable Rate Debt | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate			2.61%
Fund III | Fund Portfolio
Debt Instrument [Line Items]
Long-term debt, gross	35,970		$ 35,970	$ 34,728
Fund III | Fund Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			3.10%
Fund III | Maximum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				2.75%
Fund IV | Fund Portfolio | Mortgages
Debt Instrument [Line Items]
Long-term debt, gross	152,855		$ 152,855	$ 246,268
Fund IV | Fund Portfolio | Variable Rate Debt | Mortgages
Debt Instrument [Line Items]
Long-term debt, gross	151,735		$ 151,735	$ 221,832
Fund IV | Minimum | Fund Portfolio | Variable Rate Debt | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate			1.75%
Fund IV | Minimum | Fund Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.75%
Fund IV | Minimum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				1.60%
Fund IV | Maximum | Fund Portfolio | Variable Rate Debt | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate			3.65%
Fund IV | Maximum | Fund Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			3.65%
Fund IV | Maximum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				3.65%
Fund V | Fund Portfolio | Variable Rate Debt | Mortgages
Debt Instrument [Line Items]
Long-term debt, gross	$ 58,136		$ 58,136	$ 58,878
Fund V | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate			1.85%
Fund V | Fund Portfolio | Variable Rate Debt | SOFR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate			2.76%
Fund V | Minimum | Fund Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.50%
Fund V | Minimum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				1.85%
Fund V | Maximum | Fund Portfolio | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			1.60%
Fund V | Maximum | Fund Portfolio | Variable Rate Debt | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			2.50%
Fund V | Maximum | Fund Portfolio | Variable Rate Debt | LIBOR | Mortgages
Debt Instrument [Line Items]
Basis spread on variable rate				2.76%

Debt - Credit Facility - Additi

Debt - Credit Facility - Additional Information (Details) $ in Millions			3 Months Ended	6 Months Ended	9 Months Ended
	Jul. 29, 2022 USD ($)	Apr. 06, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 USD ($) SwapSwap	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 900		$ 900	$ 0
Line of Credit Facility, Remaining Borrowing Capacity			175	$ 150	$ 175
Maturity date	Jul. 29, 2029	Apr. 06, 2027
Number of forward swaps entered | SwapSwap					7
$175 Million Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 175	175	$ 175	$ 175
Basis spread on variable rate		1.50%		2.50%
Line of Credit Facility, Remaining Borrowing Capacity				$ 175
$75 million Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75		75		75
Basis spread on variable rate	2.05%
Line of Credit Facility, Remaining Borrowing Capacity			$ 75		$ 75
Variable Rate
Debt Instrument [Line Items]
Basis spread on variable rate			2.50%
Unsecured Debt
Debt Instrument [Line Items]
Maturity date					Jun. 29, 2026
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 300		$ 300
Basis spread on variable rate					1.40%
Maturity date					Jun. 29, 2025
Unsecured Debt | Senior Unsecured Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			700		$ 700
Unsecured Debt | $400 Million Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 400		$ 400
Basis spread on variable rate					1.55%

Debt - Mortgages and Other Note

Debt - Mortgages and Other Notes Payable - Additional Information (Details) $ in Thousands

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Jul. 29, 2022

Apr. 06, 2022

Mar. 31, 2022 USD ($)

Sep. 30, 2022 USD ($) Mortgage

Jun. 30, 2022 USD ($)

Mar. 31, 2022 USD ($) Mortgage

Jun. 30, 2022 USD ($)

Sep. 30, 2022 USD ($) Mortgage

Dec. 31, 2021 USD ($) Mortgage

Dec. 31, 2020 USD ($)

Dec. 30, 2021

Sep. 30, 2021 USD ($)

Jun. 30, 2021 USD ($)

Mar. 31, 2021 USD ($)

Debt Instrument [Line Items]

Notes receivable, net

$ 123,966

$ 123,966

$ 153,886

Note receivable principal amount

$ 1,700

Maximum borrowing capacity

900,000

900,000

0

Repayments of debt

$ 29,500

$ 22,700

$ 57,800

23,500

Maturity date

Jul. 29, 2029

Apr. 06, 2027

Scheduled principal payment

$ 8,600

Number of properties collateralized | Mortgage

37

Short-term Debt, Refinanced, Amount

$ 18,500

Initial term for mortgage loan

3 years

Refinanced amount

18,500

Canton Marketplace

Debt Instrument [Line Items]

Mortgage

$ 31,800

Bridge Facility

Debt Instrument [Line Items]

LIBOR plus

2.50%

2%

LIBOR floor

0.25%

Disposed of by sale

Debt Instrument [Line Items]

Repayments of debt

$ 12,300

$ 6,700

Mortgages

Debt Instrument [Line Items]

Debt Instrument, Face Amount

42,200

$ 42,200

Number of mortgage loans | Mortgage

6

Notes receivable, net

50,200

50,200

Maximum borrowing capacity

$ 42,200

$ 42,200

Maturity date

Dec. 29, 2023

Aug. 11, 2022

Mortgage Loan Principal Reduction Amount

8,600

Number of properties collateralized | Mortgage

34

34

Loans Payable

$ 16,800

Mortgages | Canton Marketplace

Debt Instrument [Line Items]

Mortgage

$ 31,800

Interest rate, stated percentage

3.35%

Debt instrument, maturity date

May 01, 2023

Mortgages | Monroe Marketplace

Debt Instrument [Line Items]

Mortgage

$ 29,200

Maturity date

Nov. 12, 2026

Mortgages | Subscription Line

Debt Instrument [Line Items]

Notes receivable, net

$ 78,200

$ 78,200

$ 37,700

Note receivable principal amount

1,100

1,100

Mortgages | Subscription Line 1

Debt Instrument [Line Items]

Notes receivable, net

$ 36,000

$ 36,000

$ 14,800

Note receivable principal amount

3,000

$ 10,200

Notes Payable

64,200

Repayments Of Debt

$ 59,200

$ 79,200

Mortgages | Subscription Line 2

Debt Instrument [Line Items]

Notes receivable, net

$ 53,100

62,200

$ 62,200

$ 53,100

$ 125,700

Note receivable principal amount

$ 6,500

Mortgages One

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 20,800

$ 20,800

Maturity date

Feb. 14, 2022

Feb. 14, 2023

LIBOR plus

1.60%

1.60%

SOFR Plus

1.75%

1.75%

Unsecured Debt

Debt Instrument [Line Items]

Maturity date

Jun. 29, 2026

SOFR

Debt Instrument [Line Items]

Basis spread on variable rate

2.61%

2.56%

SOFR | Mortgages | Monroe Marketplace

Debt Instrument [Line Items]

Basis spread on variable rate

2.76%

Fund IV

Debt Instrument [Line Items]

Repayments of debt

$ 17,000

Fund V

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 42,400

$ 42,400

Interest rate, stated percentage

5.10%

5.10%

Fund II

Debt Instrument [Line Items]

Loans Payable

$ 26,000

26,000

Single Mortgage Loan

198,000

Proceeds of mortgage loan

132,300

Fund II | Mortgages

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 255,900

255,900

Maturity date

Jul. 10, 2027

Basis spread on variable rate

4%

Fund II | Unsecured Debt

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 40,000

40,000

Fund II | Secured Debt

Debt Instrument [Line Items]

Maximum borrowing capacity

50,000

50,000

Fund II | LIBOR | Mortgages

Debt Instrument [Line Items]

Basis spread on variable rate

2.75%

Core Portfolio

Debt Instrument [Line Items]

Notes receivable, net

13,500

$ 16,000

$ 16,000

13,500

Derivative, notional amount

826,627

$ 826,627

Short-term Debt, Refinanced, Amount

25,400

Refinanced amount

$ 25,400

Core Portfolio | Disposed of by sale

Debt Instrument [Line Items]

Scheduled principal payment

$ 5,700

Interest Rate Swaps

Debt Instrument [Line Items]

Derivative, notional amount

$ 16,700

Cash proceeds from swaps

$ 3,400

Interest Rate Swaps | New Towne Plaza

Debt Instrument [Line Items]

Derivative, notional amount

$ 15,100

$ 15,100

Debt - Unsecured Notes Payable

Debt - Unsecured Notes Payable - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Jul. 29, 2022	Jun. 30, 2022	Apr. 06, 2022
Debt Instrument [Line Items]
Long-term debt outstanding	$ 1,831,231	$ 1,819,738
Maximum borrowing capacity	900,000	0
Remaining borrowing capacity	175,000			$ 150,000
Letters of credit, outstanding amount	7,000	19,700
Refinanced amount		18,500
Core Portfolio
Debt Instrument [Line Items]
Refinanced amount	25,400
Fund Portfolio | Fund II
Debt Instrument [Line Items]
Long-term debt outstanding	132,259	255,978
Mortgages
Debt Instrument [Line Items]
Maximum borrowing capacity	42,200
Mortgages | Core Portfolio
Debt Instrument [Line Items]
Long-term debt outstanding	204,716	218,421
Mortgages | Fund Portfolio
Debt Instrument [Line Items]
Long-term debt outstanding	427,418	388,410
Mortgages | Fund Portfolio | Fund IV
Debt Instrument [Line Items]
Long-term debt outstanding	152,855	246,268
Unsecured Notes Payable | Unsecured Debt
Debt Instrument [Line Items]
Debt available balance	85,300	16,300
Unsecured Notes Payable | Unsecured Debt | Fund Portfolio | Fund II
Debt Instrument [Line Items]
Long-term debt outstanding	0	40,000
$175 Million Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	175,000			175,000	$ 175,000
Remaining borrowing capacity				$ 175,000
$400 Million Term Loan | Unsecured Debt
Debt Instrument [Line Items]
Long-term debt outstanding	400,000
Maximum borrowing capacity	400,000
$400 Million Term Loan | Unsecured Debt | Core Portfolio
Debt Instrument [Line Items]
Long-term debt outstanding		400,000
Term Loan Maturing In September 2020 | Secured Debt | Fund II
Debt Instrument [Line Items]
Long-term line of credit, noncurrent	40,000	40,000
Remaining borrowing capacity	0	0
Refinanced amount	40,000
Term Loan Maturing In September 2020 | Mortgages | Fund II
Debt Instrument [Line Items]
Single mortgage loan	198,000
Subscription Line | Unsecured Debt | Fund IV
Debt Instrument [Line Items]
Maximum borrowing capacity	5,000
Long-term line of credit, noncurrent	0	5,000
Remaining borrowing capacity	5,000	0
Subscription Line | Unsecured Debt | Fund V
Debt Instrument [Line Items]
Maximum borrowing capacity	100,000
Subscription Line | Unsecured Debt | Fund V | Letter of Credit
Debt Instrument [Line Items]
Letters of credit, outstanding amount	7,000	15,700
Subscription Line | Unsecured Debt | Fund Portfolio | Fund V
Debt Instrument [Line Items]
Long-term debt outstanding	49,726	118,028
Remaining borrowing capacity	43,300	16,300
Subscription Line | Secured Bridge Facility | Fund IV
Debt Instrument [Line Items]
Remaining borrowing capacity	37,000	$ 0
$75 million Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	75,000		$ 75,000
Remaining borrowing capacity	$ 75,000

Debt - Unsecured Revolving Line

Debt - Unsecured Revolving Lines of Credit - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 900	$ 0
Letters of credit, outstanding amount	7	19.7
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Debt available balance	121.7	183.1
Maximum borrowing capacity	300
Credit facility amount outstanding	178.3	112.9
Letters of credit, outstanding amount	0	4
Revolving Credit Facility | Unsecured Debt | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 116.2	$ 66.4

Debt - Scheduled Principal Repa

Debt - Scheduled Principal Repayments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2022 (Remainder)	$ 85,273
2023	302,526
2024	211,448
2025	417,902
2026	445,818
Thereafter	368,264
Long-term debt and convertible notes payable	1,831,231	$ 1,819,738
Unamortized premium	369	446
Net unamortized debt issuance costs	(13,768)	(7,946)
Total Indebtedness	$ 1,817,832	$ 1,812,238

Debt - Scheduled Principal Re_2

Debt - Scheduled Principal Repayments - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Debt Instrument [Line Items]
Contractual due 2022	$ 85,273
Contractual due 2023	302,526
Contractual due 2023	211,448
Debt With Extension Options
Debt Instrument [Line Items]
Contractual due 2022	57,900
Contractual due 2023	$ 41,100
Consolidated debt, Extension Term	12 months
Consolidated debt, Extension Term (Thereafter)	12 months

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Fair value, asset derivatives	$ 56,578	$ 7
Liabilities
Derivative financial instruments	6	45,027
Recurring | Level 1
Assets
Money market funds	0	0
Fair value, asset derivatives	0	0
Investment in Albertsons (Note 4)	102,368	124,316
Liabilities
Derivative financial instruments	0	0
Recurring | Level 2
Assets
Money market funds	0	0
Fair value, asset derivatives	56,578	7
Investment in Albertsons (Note 4)	0	0
Liabilities
Derivative financial instruments	(6)	(45,027)
Recurring | Level 3
Assets
Money market funds	0	0
Fair value, asset derivatives	0	0
Investment in Albertsons (Note 4)	0	0
Liabilities
Derivative financial instruments	$ 0	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Schedule of Items Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Impairment charges	$ 33,311	$ 9,925	$ 33,311	$ 9,925
Fair Value, Measurements, Nonrecurring
Derivatives, Fair Value [Line Items]
Impairment charges			33,311		$ 9,925
Fair Value, Measurements, Nonrecurring | Acadia Realty Trust
Derivatives, Fair Value [Line Items]
Impairment charges			$ 7,702		$ 2,294
146 Geary Street, San Francisco, CA | Fair Value, Measurements, Nonrecurring | Fund IV | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Triggering Event			Reduced projected operating income
Impairment charges			$ 12,435
146 Geary Street, San Francisco, CA | Fair Value, Measurements, Nonrecurring | Fund IV | Acadia Realty Trust | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Impairment charges			$ 2,875
717 N. Michigan Avenue, Chicago, IL | Fair Value, Measurements, Nonrecurring | Fund IV | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Triggering Event			Reduced holding period and intended use
Impairment charges			$ 20,876
717 N. Michigan Avenue, Chicago, IL | Fair Value, Measurements, Nonrecurring | Fund IV | Acadia Realty Trust | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Impairment charges			$ 4,827
27 E. 61st Street Manhattan, NY | Fair Value, Measurements, Nonrecurring | Fund IV | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Triggering Event					Reduced projected operating income
Impairment charges					$ 6,909
27 E. 61st Street Manhattan, NY | Fair Value, Measurements, Nonrecurring | Fund IV | Acadia Realty Trust | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Impairment charges					$ 1,597
210 Bowery Residential Units | Fair Value, Measurements, Nonrecurring | Fund IV | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Triggering Event					Reduced projected operating income
Impairment charges					$ 3,016
210 Bowery Residential Units | Fair Value, Measurements, Nonrecurring | Fund IV | Acadia Realty Trust | Level 3 Inputs Projections
Derivatives, Fair Value [Line Items]
Impairment charges					$ 697

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Schedule of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Fair value, liability derivatives	$ (6)	$ (45,027)
Derivative Asset	56,578	7
Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount		16,700
Core Portfolio
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	826,627
Fair value, derivatives, net	(45,039)	(40,650)
Core Portfolio | Interest Rate Swaps | Other Liabilities
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	10,237
Fair value, liability derivatives	(6)	(40,650)
Core Portfolio | Interest Rate Swaps | Other Assets
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	816,390
Derivative Asset	$ 45,045	0
Core Portfolio | Interest Rate Swaps | Minimum | Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2012-12
Derivative Maturity Date	2022-12
Strike Rate	3.77%
Core Portfolio | Interest Rate Swaps | Minimum | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2015-03
Derivative Maturity Date	2025-03
Strike Rate	1.71%
Core Portfolio | Interest Rate Swaps | Maximum | Other Liabilities
Derivatives, Fair Value [Line Items]
Strike Rate	3.77%
Core Portfolio | Interest Rate Swaps | Maximum | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2019-06
Derivative Maturity Date	2029-06
Strike Rate	3.05%
Fund Portfolio | Fund III | Interest Rate Caps | Other Assets
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	$ 35,970
Derivative Effective Date	2022-07
Derivative Maturity Date	2023-07
Derivative Asset	$ 196	0
Fund Portfolio | Fund III | Interest Rate Caps | Minimum | Other Assets
Derivatives, Fair Value [Line Items]
Strike Rate	3.50%
Fund Portfolio | Fund III | Interest Rate Caps | Maximum | Other Assets
Derivatives, Fair Value [Line Items]
Strike Rate	3.50%
Fund Portfolio | Fund IV
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	$ 71,338
Fair value, derivatives, net	179	(160)
Fund Portfolio | Fund IV | Interest Rate Swaps | Other Liabilities
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	0
Derivative Asset	0	(167)
Fund Portfolio | Fund IV | Interest Rate Swaps | Other Assets
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	$ 0
Derivative Maturity Date	2022-04
Derivative Asset	$ 0	0
Fund Portfolio | Fund IV | Interest Rate Swaps | Minimum | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2017-03
Strike Rate	1.97%
Fund Portfolio | Fund IV | Interest Rate Swaps | Maximum | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2019-01
Strike Rate	2.61%
Fund Portfolio | Fund IV | Interest Rate Caps | Other Assets
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	$ 71,338
Derivative Asset	$ 179	7
Fund Portfolio | Fund IV | Interest Rate Caps | Minimum | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2020-12
Derivative Maturity Date	2022-12
Strike Rate	3%
Fund Portfolio | Fund IV | Interest Rate Caps | Maximum | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2021-07
Derivative Maturity Date	2023-07
Strike Rate	3.50%
Fund Portfolio | Fund V
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	$ 337,481
Fair value, derivatives, net	11,158	(4,210)
Fund Portfolio | Fund V | Interest Rate Swaps | Other Liabilities
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	0
Fair value, liability derivatives	0	(4,210)
Fund Portfolio | Fund V | Interest Rate Swaps | Other Assets
Derivatives, Fair Value [Line Items]
Aggregate Notional Amount	337,481
Fair value, liability derivatives	$ (11,158)	$ 0
Fund Portfolio | Fund V | Interest Rate Swaps | Minimum | Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2018-06
Derivative Maturity Date	2022-10
Strike Rate	0.91%
Fund Portfolio | Fund V | Interest Rate Swaps | Maximum | Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Effective Date	2022-04
Derivative Maturity Date	2025-04
Strike Rate	2.88%

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Additional Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2021 USD ($) SwapSwap	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Reclassification adjustment related to derivatives from AOCI to interest expense		$ 19,300
Derivatives designated as fair value hedges		0	$ 0
Derivative designated to hedges of net investments in foreign operations		0	$ 0
Number of forward swaps terminated | SwapSwap	2
Williamsburg Portfolio
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Redeemable Noncontrolling Interest, Fair Value		$ 0
Forward Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative, notional amount	$ 100,000
Cash proceeds from swaps	$ 3,400

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Schedule of Other Financial Instruments Carrying Values and Fair values (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivable, net		$ 123,966	$ 153,886
Mortgage and Other Notes Payable		1,817,832	1,812,238
Unsecured notes payable, net		694,310	559,040
Level 3 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivable, net	[1]	123,966	153,886
City Point Loan	[1]	65,945
Mortgage and Other Notes Payable	[1]	953,218	1,143,805
Investment in non-traded equity securities	[2]	3,839	3,656
Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivable, net	[1]	123,439	154,093
City Point Loan	[1]	65,809
Mortgage and Other Notes Payable	[1]	913,758	1,125,571
Investment in non-traded equity securities	[2]	5,790	4,062
Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured notes payable, net	[3]	878,013	675,933
Level 2 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured notes payable, net	[3]	$ 869,530	$ 680,171
[1] The Company determined the estimated fair value of these financial instruments using a discounted cash flow model with rates that take into account the credit of the borrower or tenant, where applicable, and interest rate risk. The Company also considered the value of the underlying collateral, taking into account the quality of the collateral, the credit quality of the borrower, the time until maturity and the current market interest rate environment. Amounts exclude discounts and loan costs. Represents the Operating Partnership’s cost-method investment in Fifth Wall ( Note 4 ) The Company determined the estimated fair value of the unsecured notes payable and unsecured line of credit using quoted market prices in an open market with limited trading volume where available. In cases where there was no trading volume, the Company determined the estimated fair value using a discounted cash flow model using a rate that reflects the average yield of similar market participants.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Contractual obligation	$ 37.2	$ 38.1
Letters of credit, outstanding amount	$ 7	$ 19.7

Shareholders' Equity, Noncont_3

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Common Shares and Units - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Restricted shares
Class of Stock [Line Items]
Restricted stock, shares canceled for tax withholding for share based compensation (in shares)			3,235		3,050
LTIP Units and Restricted Stock
Class of Stock [Line Items]
Unit based compensation expense	$ 1.9	$ 2.3	$ 5.1	$ 7.1	$ 9.4

Shareholders' Equity, Noncont_4

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - ATM Program - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Purchase new program included an optional forward purchase component	$ 189	$ 119,485	$ 45,865
ATM Program
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)		0		0
Gross proceeds		$ 119,500
Gross proceeds from issuance of common stock		123,900
Purchase new program included an optional forward purchase component		250,000
Value of shares available for issuance		$ 222,300
Weighted Average Share Price		$ 22.43	$ 21.65
Common Shares
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)	13	5,525	2,085
Purchase new program included an optional forward purchase component		$ 6	$ 2
Common Shares | ATM Program
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)		5,525,419

Shareholders' Equity, Noncont_5

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Share Repurchases - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2018
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Authorized amount			$ 200,000,000
Number of shares repurchased during period (in shares)	0	0
Remaining authorized repurchase amount	$ 122,600,000

Shareholders' Equity, Noncont_6

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Schedule of Distributions Declared and paid (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Class of Stock [Line Items]
Cash dividends declared per common share (in dollars per share)	$ 0.18	$ 0.15	$ 0.54	$ 0.45
First Quarter Two Thousand Twenty One
Class of Stock [Line Items]
Cash dividends, declared date			Mar. 15, 2021
Cash dividends declared per common share (in dollars per share)			$ 0.15
Cash dividends, record date			Mar. 31, 2021
Cash dividends, paid date			Apr. 15, 2021
Second Quarter Two Thousand Twenty One
Class of Stock [Line Items]
Cash dividends, declared date			May 05, 2021
Cash dividends declared per common share (in dollars per share)			$ 0.15
Cash dividends, record date			Jun. 30, 2021
Cash dividends, paid date			Jul. 15, 2021
Third Quarter Two Thousand Twenty One
Class of Stock [Line Items]
Cash dividends, declared date			Aug. 05, 2021
Cash dividends declared per common share (in dollars per share)			$ 0.15
Cash dividends, record date			Sep. 30, 2021
Cash dividends, paid date			Oct. 15, 2021
Fourth Quarter Two Thousand Twenty One Member
Class of Stock [Line Items]
Cash dividends, declared date			Nov. 03, 2021
Cash dividends declared per common share (in dollars per share)			$ 0.15
Cash dividends, record date			Dec. 31, 2021
Cash dividends, paid date			Jan. 14, 2022
First Quarter Two Thousand Twenty Two Member
Class of Stock [Line Items]
Cash dividends, declared date			Feb. 15, 2022
Cash dividends declared per common share (in dollars per share)			$ 0.18
Cash dividends, record date			Mar. 31, 2022
Cash dividends, paid date			Apr. 14, 2022
Second Quarter Two Thousand Twenty Two Member
Class of Stock [Line Items]
Cash dividends, declared date			May 04, 2022
Cash dividends declared per common share (in dollars per share)			$ 0.18
Cash dividends, record date			Jun. 30, 2022
Cash dividends, paid date			Jul. 15, 2022
Third Quarter Two Thousand Twenty Two Member
Class of Stock [Line Items]
Cash dividends, declared date			Aug. 10, 2022
Cash dividends declared per common share (in dollars per share)			$ 0.18
Cash dividends, record date			Sep. 30, 2022
Cash dividends, paid date			Oct. 14, 2022

Shareholders' Equity, Noncont_7

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	$ 2,363,218	$ 2,116,962	$ 2,149,935	$ 2,050,204
Other comprehensive income (loss) before reclassifications - swap agreements	44,114	1,048	96,899	24,535
Reclassification of realized interest on swap agreements	1,518	5,476	10,778	16,016
Net current period other comprehensive income (loss)	45,632	6,524	107,677	40,551
Balance	2,208,851	2,141,989	2,208,851	2,141,989
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	11,240	(47,909)	(36,214)	(74,891)
Balance	49,684	(43,169)	49,684	(43,169)
AOCI Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Net current period other comprehensive income (loss)	(7,188)	$ (1,784)	(21,779)	$ (8,829)
AOCI Attributable to Redeemable Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Net current period other comprehensive income (loss)	$ 0		$ 0

Shareholders' Equity, Noncont_8

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
		Aug. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance					$ 628,322
Net (loss) income			$ (89,545)	$ 31,072	(61,273)	$ 32,221
Cancellation of OP Units				(479)		(479)
Unrealized gain on valuation of swap agreements			44,114	1,048	96,899	24,535
Reclassification of realized interest on swap agreements			(1,518)	(5,476)	(10,778)	(16,016)
City Point Loan		$ 65,900
Noncontrolling interest contributions			9,572	9,518	109,422	26,627
Noncontrolling interest distributions			(24,632)	(10,127)	(72,187)	(20,158)
Employee Long-term Incentive Plan Unit Awards			2,180	2,644	8,540	9,780
Reclassification of redeemable noncontrolling interests			(76,569)		(76,569)
Net loss (income) attributable to noncontrolling interests			30,461	(19,065)	18,653	(11,686)
Ending Balance			506,301		506,301
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			670,606	619,098	628,322	609,165
Distributions declared of Common and Preferred OP Units			(1,276)	(1,046)	(3,846)
Distributions declared per Common OP Unit						(3,146)
Net (loss) income			(30,461)	19,065	(18,653)	11,686
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership			(333)	(288)	(1,147)	(697)
Cancellation of OP Units	[1]			(479)		(479)
Unrealized gain on valuation of swap agreements			7,022	(31)	18,620	3,353
Reclassification of realized interest on swap agreements			166	1,815	3,159	5,476
Acquisition of noncontrolling interest	[2]		(50,435)		(91,811)
City Point Loan	[3]		0		0
City Point Loan accrued interest			0		0
Noncontrolling interest contributions			9,572	9,518	109,422	26,627
Noncontrolling interest distributions			(24,632)	(10,127)	(72,187)	(20,158)
Employee Long-term Incentive Plan Unit Awards			1,997	2,419	7,669	8,866
Reclassification of redeemable noncontrolling interests			(76,569)		(76,569)
Reallocation of noncontrolling interests	[4]		644	(2,060)	3,322	(2,809)
Ending Balance			506,301	637,884	506,301	637,884
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	[5]		567,538	524,010	534,202	519,734
Distributions declared of Common and Preferred OP Units	[5]		0	0	0
Distributions declared per Common OP Unit	[5]					0
Net (loss) income	[5]		(27,503)	18,193	(16,967)	9,948
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership	[5]		0	0	0	0
Cancellation of OP Units	[1],[5]			0		0
Unrealized gain on valuation of swap agreements	[5]		4,877	(258)	13,840	1,630
Reclassification of realized interest on swap agreements	[5]		161	1,762	3,079	5,317
Acquisition of noncontrolling interest	[2],[5]		(50,435)		(91,811)
City Point Loan	[3],[5]		0		0
City Point Loan accrued interest	[5]		0		0
Noncontrolling interest contributions	[5]		9,572	9,518	109,422	26,627
Noncontrolling interest distributions	[5]		(24,632)	(10,127)	(72,187)	(20,158)
Employee Long-term Incentive Plan Unit Awards	[5]		0	0	0	0
Reclassification of redeemable noncontrolling interests	[5]		(76,569)		(76,569)
Reallocation of noncontrolling interests	[4],[5]		0	0	0	0
Ending Balance	[5]		403,009	543,098	403,009	543,098
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	[6]		103,068	95,088	94,120	89,431
Distributions declared per Common OP Unit	[6]		(1,276)	(1,046)	(3,846)	(3,146)
Net (loss) income	[6]		(2,958)	872	(1,686)	1,738
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership	[6]		(333)	(288)	(1,147)	(697)
Cancellation of OP Units	[1],[6]			(479)		(479)
Unrealized gain on valuation of swap agreements	[6]		2,145	227	4,780	1,723
Reclassification of realized interest on swap agreements	[6]		5	53	80	159
Acquisition of noncontrolling interest	[2],[6]		0		0
City Point Loan	[3],[6]		0		0
City Point Loan accrued interest	[6]		0		0
Noncontrolling interest contributions	[6]		0	0	0	0
Noncontrolling interest distributions	[6]		0	0	0	0
Employee Long-term Incentive Plan Unit Awards	[6]		1,997	2,419	7,669	8,866
Reclassification of redeemable noncontrolling interests	[6]		0		0
Reallocation of noncontrolling interests	[4],[6]		644	(2,060)	3,322	(2,809)
Ending Balance	[6]		103,292	94,786	103,292	94,786
Redeemable Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	[7]		0	0	0	0
Distributions declared of Common and Preferred OP Units	[7]			0	0
Distributions declared per Common OP Unit	[7]					0
Net (loss) income	[7]		(3,193)	0	(3,193)	0
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership	[7]		0	0	0	0
Cancellation of OP Units	[1],[7]			0		0
Unrealized gain on valuation of swap agreements	[7]		0	0	0	0
Reclassification of realized interest on swap agreements	[7]		0	0	0	0
Acquisition of noncontrolling interest	[2],[7]		0		0
City Point Loan	[3],[7]		(65,405)		(65,405)
City Point Loan accrued interest	[7]		(1,564)		(1,564)
Noncontrolling interest contributions	[7]		65,945	0	65,945	0
Noncontrolling interest distributions	[7]		0	0	0	0
Employee Long-term Incentive Plan Unit Awards	[7]		0	0	0	0
Reclassification of redeemable noncontrolling interests	[7]		76,569		76,569
Reallocation of noncontrolling interests	[4],[7]		0	0	0	0
Ending Balance	[7]		$ 72,352	0	$ 72,352	0
Redeemable Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Ending Balance	[7]			$ 0		$ 0
[1] The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $ 0.5 million on July 12, 2021 ( Note 3 ) Represents the acquisition of the 11.67 % noncontrolling interest in Fund II and Mervyns II acquired on June 27, 2022 for $ 18.5 million and 21.67 % in Fund II on August 1, 2022 for $ 5.8 million ( Note 1 ). Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022. Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership. Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and Mervyns II, an d seven ot her subsidiaries Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 3,062,108 and 3,101,958 Common OP Units at September 30, 2022 and 2021, respectively; (ii) 188 Series A Preferred OP Units at each of September 30, 2022 and 2021; (iii) 126,593 Series C Preferred OP Units at each of September 30, 2022 and 2021; and (iv) 3,666,989 and 3,434,894 LTIP units at September 30, 2022 and 2021, respectively, as discussed in Share Incentive Plan ( Note 13 ). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above. Redeemable noncontrolling interests comprise third-party interest in Fund II as limited partners in this Fund have been granted put rights.

Shareholders' Equity, Noncont_9

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Parenthetical) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 12, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Minority Interest [Line Items]
Distributions declared (in dollars per share)		$ 0.18	$ 0.15	$ 0.54	$ 0.45
Conversion of Common OP Units to Common Shares by limited partners of the Operating Partnership (in shares)		20,000	18,000	71,307	43,973
Business Combination, Consideration Transferred				$ 305,903		$ 194,966
OP Units in settlement of note receivable	21,109					21,109
Settlement amount of note receivable in OP units	$ 500					$ 500
Fund II and Mervyns II
Minority Interest [Line Items]
Minority Interest Ownership Percentage		11.67%		11.67%
Fund II
Minority Interest [Line Items]
Minority Interest Ownership Percentage		21.67%		21.67%
Business Combination, Consideration Transferred				$ 5,800
Series A Preferred Stock
Minority Interest [Line Items]
Series A Preferred OP Units (in shares)		188	188	188	188
Operating Partnership, as General Partner or Managing Member | Series C Preferred Stock
Minority Interest [Line Items]
Series A Preferred OP Units (in shares)		126,593	126,593	126,593	126,593
Noncontrolling Interests
Minority Interest [Line Items]
Series A Preferred OP Units (in shares)		3,062,108		3,062,108
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member
Minority Interest [Line Items]
Series A Preferred OP Units (in shares)			3,101,958		3,101,958
LTIP Units
Minority Interest [Line Items]
LTIP units outstanding (in shares)		3,666,989	3,434,894	3,666,989	3,434,894
Mervyns II
Minority Interest [Line Items]
Business Combination, Consideration Transferred				$ 18,500

Shareholders' Equity, Noncon_10

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Preferred OP Units - Additional Information (Details) - $ / shares	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2016
Class of Stock [Line Items]
Denominator for Series A Preferred OP Unit conversion		$ 7.50
Common Shares
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)	13	5,525	2,085
Gotham Plaza | Common Shares
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)					442,478
Preferred quarterly distribution per share price					$ 0.9375
Number of convertible units if share price below $28.80 (in shares)					3.4722
Number of convertible units if share price above $35.20 (in shares)					2.8409
Preferred OP Units
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)		0		0
Preferred OP Units | Gotham Plaza
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)					141,593
Share price (in dollars per share)					$ 100
Preferred OP Units | Gotham Plaza | Minimum
Class of Stock [Line Items]
Share price at conversion date					28.80
Preferred OP Units | Gotham Plaza | Maximum
Class of Stock [Line Items]
Share price at conversion date					$ 35.20
Series A Preferred Stock
Class of Stock [Line Items]
Issuance of common shares, net of issuance costs (in Shares)		1,580
Preferred stock, stated value per unit		$ 1,000
Per unit conversion amount, Series A Preferred OP Units (in dollars per unit)		$ 22.50
Per unit conversion annual rate, Preferred OP Units		9%
Number of preferred OP Units converted (in shares)		1,392
Units converted from Preferred OP Units (in shares)		185,600
Series A Preferred OP Units (in shares)	188	188	188
Series C Preferred Stock | Gotham Plaza
Class of Stock [Line Items]
Number of preferred OP Units converted (in shares)		15,000
Units converted from Preferred OP Units (in shares)		51,887

Shareholders' Equity, Noncon_11

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Redeemable Noncontrolling Interest - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2022	Sep. 30, 2022	Aug. 01, 2022	Dec. 31, 2021
Class of Stock [Line Items]
City Point Loan	$ 65,900
City Point Loan, Term period			5 years
Allowance for credit loss	$ 500	$ 835		$ 5,752
Williamsburg Portfolio
Class of Stock [Line Items]
Redeemable Noncontrolling Interest, Fair Value		$ 0
Equity method investment, ownership percentage by third party		50.01%

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating Leased Assets [Line Items]
Variable lease revenues				$ 44,300	$ 42,100
Payments to Tenant	$ 5,400
Payment received from tenant		$ 2,400		2,400
Credit loss recoveries recognized		0		2,400
Leasing transactions				0
Right-of-use assets - operating leases, net		38,158		38,158		$ 40,743
Lease liability - operating leases, net		36,157		36,157		38,759
Gain (loss) on termination of lease				0	3,615
Gain on disposition of properties		$ 8,885	$ 0	$ 49,916	$ 10,521
Fund IV Property
Operating Leased Assets [Line Items]
Right-of-use assets - operating leases, net						31,400
Termination cost						3,600
Lease liability - operating leases, net						46,000
Building improvements and other assets						10,300
Gain (loss) on termination of lease						700
Gain on disposition of properties						200
Rye Corporate Office Lease
Operating Leased Assets [Line Items]
Right-of-use assets - operating leases, net						400
Operating lease liability						$ 400
Minimum
Operating Leased Assets [Line Items]
Operating lease term		1 month		1 month
Minimum | Consolidated Total Revenues | Customer Concentration Risk
Operating Leased Assets [Line Items]
Concentration risk, percentage		10%	10%	10%	10%
Maximum
Operating Leased Assets [Line Items]
Operating lease term		60 years		60 years

Leases - Activity for Reserves

Leases - Activity for Reserves Related to Billed Rents and Straight-line Rents (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Operating Leased Assets [Line Items]
Balance at Beginning of Period	$ 38,471
Provision (Recovery), Net	(858)
Adjustments to Valuation Accounts	0
Write-Offs	(5,730)
Balance at End of Period	31,883
Allowance for Credit Loss - Billed Rents
Operating Leased Assets [Line Items]
Balance at Beginning of Period	23,586
Provision (Recovery), Net	(779)
Adjustments to Valuation Accounts	0
Write-Offs	(4,383)
Balance at End of Period	18,424
Straight-line Rent Reserves
Operating Leased Assets [Line Items]
Balance at Beginning of Period	14,885
Provision (Recovery), Net	(79)
Adjustments to Valuation Accounts	0
Write-Offs	(1,347)
Balance at End of Period	$ 13,459

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finance lease cost:
Amortization of right-of-use assets	$ 226	$ 226	$ 677	$ 677
Interest on lease liabilities	103	97	305	289
Subtotal	329	323	982	966
Operating lease cost	1,334	1,334	4,004	5,850
Variable lease cost	21	23	63	57
Total lease cost	$ 1,684	$ 1,680	$ 5,049	$ 6,873
Weighted-average remaining lease term - finance leases (years)	32 years 1 month 6 days	32 years 9 months 18 days	32 years 1 month 6 days	32 years 9 months 18 days
Weighted-average remaining lease term - operating leases (years)	13 years 7 months 6 days	14 years 2 months 12 days	13 years 7 months 6 days	14 years 2 months 12 days
Weighted-average discount rate - finance leases	6.30%	6.30%	6.30%	6.30%
Weighted-average discount rate - operating leases	5.10%	5.10%	5.10%	5.10%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Minimum Rental Revenues
2022 (Remainder)	$ 53,052
2023	225,554
2024	210,504
2025	179,257
2026	152,019
Thereafter	638,628
Total	1,459,014
Minimum Rental Payments, Operating Leases
2022 (Remainder)	1,343
2023	5,389
2024	5,414
2025	5,329
2026	5,173
Thereafter	24,437
Total before interest	47,085
Interest	(10,928)
Total	36,157
Minimum Rental Payments, Finance Leases
2022 (Remainder)	0
2023	0
2024	0
2025	0
2026	0
Thereafter	12,549
Total before interest	12,549
Interest	(5,632)
Total	$ 6,917

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Reporting - Summary of

Segment Reporting - Summary of Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021	Dec. 31, 2021	[2]
Segment Reporting Information [Line Items]
Total revenues		$ 79,946		$ 71,896	$ 245,712		$ 213,140
Depreciation and amortization		(33,744)		(30,064)	(102,428)		(91,244)
Property operating expenses and real estate taxes		(25,559)		(23,471)	(75,384)		(72,736)
General and administrative expenses		(10,170)		(9,910)	(32,768)		(29,555)
Impairment charges		(33,311)		(9,925)	(33,311)		(9,925)
Gain on disposition of properties		8,885		0	49,916		10,521
Operating (loss) income		(13,953)		(1,474)	51,737		20,201
Interest and other income		3,994		2,354	9,890		6,108
Realized and unrealized holding losses on investments and other		(7,862)		46,493	(18,415)		53,460
Equity in (losses) earnings of unconsolidated affiliates		(50,579)		372	(46,169)		3,153
Interest expense		(21,162)		(16,614)	(58,309)		(50,302)
Income tax benefit (provision)		17		(59)	(7)		(399)
Net (loss) income		(89,545)		31,072	(61,273)		32,221
Net loss attributable to redeemable noncontrolling interests		3,193		0	3,193		0
Net loss (income) attributable to noncontrolling interests		30,461		(19,065)	18,653		(11,686)
Net loss attributable to Acadia		(55,891)		12,007	(39,427)		20,535
Real estate at cost	[1]	4,265,422		4,065,994	4,265,422		4,065,994
Total assets		4,363,498	[1],[2]	4,184,285	4,363,498	[1],[2]	4,184,285	$ 4,261,746
Cash paid for acquisition of real estate					242,633		63,425
Cash paid for development and property improvement costs					36,863		25,935
Operating Segments | Core Portfolio
Segment Reporting Information [Line Items]
Total revenues		50,076		45,942	151,650		134,292
Depreciation and amortization		(18,811)		(17,678)	(56,547)		(51,898)
Property operating expenses and real estate taxes		(14,808)		(13,911)	(44,379)		(41,773)
General and administrative expenses		0		0	0		0
Impairment charges		0		0	0		0
Gain on disposition of properties		0			0		4,612
Operating (loss) income		16,457		14,353	50,724		45,233
Interest and other income		0		0	0		0
Realized and unrealized holding losses on investments and other		0		0	1,163		0
Equity in (losses) earnings of unconsolidated affiliates		(49,806)		(485)	(47,402)		(944)
Interest expense		(10,428)		(7,322)	(26,543)		(21,863)
Income tax benefit (provision)		0		0	0		0
Net (loss) income		(43,777)		6,546	(22,058)		22,426
Net loss attributable to redeemable noncontrolling interests		0			0
Net loss (income) attributable to noncontrolling interests		2,884		(912)	(1,398)		(1,926)
Net loss attributable to Acadia		(40,893)		5,634	(20,660)		20,500
Real estate at cost	[1]	2,614,103		2,328,208	2,614,103		2,328,208
Total assets		2,636,041	[1]	2,201,871	2,636,041	[1]	2,201,871
Cash paid for acquisition of real estate					242,633		0
Cash paid for development and property improvement costs					22,325		11,601
Operating Segments | Opportunity Funds
Segment Reporting Information [Line Items]
Total revenues		29,870		25,954	94,062		78,848
Depreciation and amortization		(14,933)		(12,386)	(45,881)		(39,346)
Property operating expenses and real estate taxes		(10,751)		(9,560)	(31,005)		(30,963)
General and administrative expenses		0		0	0		0
Impairment charges		(33,311)		(9,925)	(33,311)		(9,925)
Gain on disposition of properties		8,885			49,916		5,909
Operating (loss) income		(20,240)		(5,917)	33,781		4,523
Interest and other income		0		0	0		0
Realized and unrealized holding losses on investments and other		(7,257)		47,643	(19,073)		57,031
Equity in (losses) earnings of unconsolidated affiliates		(773)		857	1,233		4,097
Interest expense		(10,734)		(9,292)	(31,766)		(28,439)
Income tax benefit (provision)		0		0	0		0
Net (loss) income		(39,004)		33,291	(15,825)		37,212
Net loss attributable to redeemable noncontrolling interests		3,193			3,193
Net loss (income) attributable to noncontrolling interests		27,577		(18,153)	(17,255)		(9,760)
Net loss attributable to Acadia		(8,234)		15,138	4,623		27,452
Real estate at cost	[1]	1,651,319		1,737,786	1,651,319		1,737,786
Total assets		1,603,491	[1]	1,827,565	1,603,491	[1]	1,827,565
Cash paid for acquisition of real estate					0		63,425
Cash paid for development and property improvement costs					14,538		14,334
Operating Segments | Structured Financing
Segment Reporting Information [Line Items]
Total revenues		0		0	0		0
Depreciation and amortization		0		0	0		0
Property operating expenses and real estate taxes		0		0	0		0
General and administrative expenses		0		0	0		0
Impairment charges		0		0	0		0
Gain on disposition of properties		0			0		0
Operating (loss) income		0		0	0		0
Interest and other income		3,994		2,354	9,890		6,108
Realized and unrealized holding losses on investments and other		(605)		(1,150)	(505)		(3,571)
Equity in (losses) earnings of unconsolidated affiliates		0		0	0		0
Interest expense		0		0	0		0
Income tax benefit (provision)		0		0	0		0
Net (loss) income		3,389		1,204	9,385		2,537
Net loss attributable to redeemable noncontrolling interests		0			0
Net loss (income) attributable to noncontrolling interests		0		0	0		0
Net loss attributable to Acadia		3,389		1,204	9,385		2,537
Real estate at cost	[1]	0		0	0		0
Total assets		123,966	[1]	154,849	123,966	[1]	154,849
Cash paid for acquisition of real estate					0		0
Cash paid for development and property improvement costs					0		0
Unallocated
Segment Reporting Information [Line Items]
Total revenues		0		0	0		0
Depreciation and amortization		0		0	0		0
Property operating expenses and real estate taxes		0		0	0		0
General and administrative expenses		(10,170)		(9,910)	(32,768)		(29,555)
Impairment charges		0		0	0		0
Gain on disposition of properties		0			0		0
Operating (loss) income		(10,170)		(9,910)	(32,768)		(29,555)
Interest and other income		0		0	0		0
Realized and unrealized holding losses on investments and other		0		0	0		0
Equity in (losses) earnings of unconsolidated affiliates		0		0	0		0
Interest expense		0		0	0		0
Income tax benefit (provision)		17		(59)	(7)		(399)
Net (loss) income		(10,153)		(9,969)	(32,775)		(29,954)
Net loss attributable to redeemable noncontrolling interests		0			0
Net loss (income) attributable to noncontrolling interests		0		0	0		0
Net loss attributable to Acadia		(10,153)		(9,969)	(32,775)		(29,954)
Real estate at cost	[1]	0		$ 0	0		0
Total assets	[1]	$ 0			0
Cash paid for acquisition of real estate					0		0
Cash paid for development and property improvement costs					$ 0		$ 0
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

Segment Reporting - Summary o_2

Segment Reporting - Summary of Segment Information (Parenthetical) (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021	Dec. 31, 2021	[2]
Segment Reporting Information [Line Items]
Real estate at cost	[1]	$ 4,265,422		$ 4,065,994	$ 4,265,422		$ 4,065,994
Total assets		4,363,498	[1],[2]	4,184,285	4,363,498	[1],[2]	4,184,285	$ 4,261,746
Net loss (income) attributable to noncontrolling interests		(30,461)		$ 19,065	(18,653)		11,686
Funds | Fund II's City Point Property
Segment Reporting Information [Line Items]
Real estate at cost		661,700			661,700
Total assets		$ 654,000			654,000
Net loss (income) attributable to noncontrolling interests					$ 418,500		$ 190,000
[1] Real estate at cost and total assets for the Funds segment include $ 661.7 million and $ 654.0 million, or $ 418.5 million and $ 190.0 million net of non-controlling interests, related to Fund II’s City Point property at September 30, 2022 and 2021 , respectively. Represents the consolidated assets and liabilities of Acadia Realty Limited Partnership (the "Operating Partnership"), which is a consolidated variable interest entity ("VIE"). As of September 30, 2022 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 0.9 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership . As of December 31, 2021 , the assets and liabilities of the Operating Partnership includes $ 2.0 billion and $ 1.2 billion of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership ( Note 1 ).

Share Incentive and Other Com_3

Share Incentive and Other Compensation - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit based compensation			$ 8,540,000	$ 9,780,000
Trustee fees			1,200,000	1,200,000
Total unrecognized compensation cost related to nonvested awards	$ 18,200,000		$ 18,200,000
Weighted-average period over which cost is expected to be recognized			1 year 7 months 6 days
Fund V
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of promote awarded as share based compensation award			10.70%
Performance Period Ending December 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of shares that vested			$ 7,100,000		$ 7,500,000
LTIP Units | Trustee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during period, share-based compensation, net of forfeitures			28,555
LTIP Units | Performance Period Ending December 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of shares that vested			$ 800,000		800,000
Restricted shares | Trustee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during period, share-based compensation, net of forfeitures			29,935
LTIP Units and Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total value of restricted shares and LTIP units as of the grant date			$ 13,000,000		$ 12,600,000
Vesting rate of shares granted to trustees			33%
Weighted average grant date fair value, grants (in dollars per share)			$ 21.17		$ 19.51
LTIP Units and Restricted Stock | Trustee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
LTIP Units and Restricted Stock | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit based compensation	$ 1,900,000	$ 2,300,000	$ 5,100,000	7,100,000
LTIP Units and Restricted Stock | Performance Period Ending December 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
LTIP Units and Restricted Stock | Performance Fails To Achieve, Earned Performance-Based Shares Vest At End Of Performance Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			60%
LTIP Units and Restricted Stock | Performance Fails To Achieve
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			40%
Award vesting period			2 years
LTIP Units and Restricted Stock | Minimum | TSR percentile falls between the 25th percentile and the 50th percentile
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			50%
LTIP Units and Restricted Stock | Minimum | TSR percentile falls between the 50th percentile and 75th percentile
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			100%
LTIP Units and Restricted Stock | Maximum | TSR percentile falls between the 25th percentile and the 50th percentile
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			100%
LTIP Units and Restricted Stock | Maximum | TSR percentile falls between the 50th percentile and 75th percentile
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			200%
Employee Benefit Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense			$ 400,000	$ 300,000
Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	1,551,407		1,551,407
Share Incentive Plan | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during period, share-based compensation, net of forfeitures			600,672		636,646
Share Incentive Plan | Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during period, share-based compensation, net of forfeitures			13,178		11,244
Performance Shares2020 Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period				3 years
Performance Shares2021 Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period			3 years
Volatility rate			49%	48%
Risk-free interest rates			1.70%	0.20%
Long Term Investment Alignment Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Max percentage of future fund III promote that may be awarded to senior executives			25%
Long Term Investment Alignment Program | Fund III
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of promote awarded as share based compensation award			25%
Compensation expense			$ 400,000
Long Term Investment Alignment Program | Fund IV
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of promote awarded as share based compensation award			23.10%
Awards in connection with fund to have intrinsic value	$ 0		$ 0		$ 0
Compensation expense					$ 0
Long Term Investment Alignment Program | Fund V
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense			$ 100,000

Share Incentive and Other Com_4

Share Incentive and Other Compensation - Schedule of Unvested Shares and LTIP Units (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares unvested, Beginning of period (in shares)	89,746	89,911
Shares granted (in shares)	43,113	43,078
Shares vested (in shares)	(38,194)	(43,084)
Shares forfeited (in shares)	(1,930)	(159)
Shares unvested, End of period (in shares)	92,735	89,746
Weighted Grant-Date Fair Value
Shares unvested, Weighted average grant date fair value, Beginning of period (in dollars per share)	$ 16.87	$ 15.42
Shares granted, Weighted average grant date fair value (in dollars per share)	21.36	19.94
Shares vested, Weighted average grant date fair value (in dollars per share)	20.10	16.85
Shares forfeited, Weighted average grant date fair value (in dollars per share)	31.82	36.22
Shares unvested, Weighted average grant date fair value, End of period (in dollars per share)	$ 17.31	$ 16.87
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares unvested, Beginning of period (in shares)	1,415,195	1,122,889
Shares granted (in shares)	629,227	666,967
Shares vested (in shares)	(308,608)	(283,024)
Shares forfeited (in shares)	(278,332)	(91,637)
Shares unvested, End of period (in shares)	1,457,482	1,415,195
Weighted Grant-Date Fair Value
Shares unvested, Weighted average grant date fair value, Beginning of period (in dollars per share)	$ 20.85	$ 24.38
Shares granted, Weighted average grant date fair value (in dollars per share)	21.16	19.48
Shares vested, Weighted average grant date fair value (in dollars per share)	22.88	26.66
Shares forfeited, Weighted average grant date fair value (in dollars per share)	31.16	36.22
Shares unvested, Weighted average grant date fair value, End of period (in dollars per share)	$ 18.59	$ 20.85

Share Incentive and Other Com_5

Share Incentive and Other Compensation - Employee Share Purchase Plan and Deferred Share Plan - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee share purchase discount rate	15%
Employee share purchase maximum purchase amount	$ 25,000,000
Common Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee share purchase (in shares)	6,188	6,111

Share Incentive and Other Com_6

Share Incentive and Other Compensation - Employee 401 (k) Plan - Additional Information (Details) - Forecast $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution	50%
Maximum annual contribution per employee	6%
Maximum employee annual salary contribution	15%
Maximum employee annual salary contribution amount	$ 20,500

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Description of conversion of common OP units to common shares	The effect of the conversion of Common OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Common Shares on a one-for-one basis
Conversion of common OP units to common shares	100%

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net (loss) income attributable to Acadia		$ (55,891)	$ 12,007	$ (39,427)	$ 20,535
Less: net income attributable to participating securities		(198)	(156)	0	(468)
(Loss) income from continuing operations net of income attributable to participating securities for basic (loss) earnings per share		(56,089)	11,851	(39,427)	20,067
Impact of City Point Loan share conversion option	[1]	(1,804)	0	(1,804)	0
(Loss) income from continuing operations net of income attributable to participating securities for diluted (loss) earnings per share		$ (57,893)	$ 11,851	$ (41,231)	$ 20,067
Denominator:
Weighted average shares for basic earnings per share		94,980,333	88,480,844	94,757,678	87,217,422
Effect of dilutive securities:
Series A Preferred OP Units		0	0	0	0
Employee unvested restricted shares		0	0	0	0
City Point Loan common stock conversion option	[1]	270,635	0	91,203	0
Denominator for diluted earnings per share		95,250,968	88,480,844	94,848,881	87,217,422
Basic (loss) earnings per Common Share from continuing operations attributable to Acadia		$ (0.59)	$ 0.13	$ (0.42)	$ 0.23
Diluted (loss) earnings per Common Share from continuing operations attributable to Acadia		$ (0.61)	$ 0.13	$ (0.43)	$ 0.23
Series A Preferred OP Units
Anti-Dilutive Shares Excluded from Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)		188	188	188	188
Series A Preferred OP Units - Common Share Equivalent
Anti-Dilutive Shares Excluded from Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)		25,067	25,067	25,067	25,067
Series C Preferred OP Units
Anti-Dilutive Shares Excluded from Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)		126,593	126,593	126,593	126,593
Series C Preferred OP Units - Common Share Equivalent
Anti-Dilutive Shares Excluded from Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)		439,556	439,556	439,556	439,556
Restricted shares
Anti-Dilutive Shares Excluded from Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)		69,832	70,827	69,832	70,827
[1] The impact of assumed conversion of dilutive convertible securities is related to the assumed conversion of potential common shares of the Company that could be subsequently issued in connection with the City Point Loan ( Note 10 ) for the stub-period until the put rights were modified for a cash-only settlement option in the third quarter of 2022.

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Oct. 13, 2022	Oct. 07, 2022	Jul. 29, 2022	Apr. 06, 2022	Sep. 30, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Maximum borrowing capacity						$ 900,000	$ 0
Maturity date				Jul. 29, 2029	Apr. 06, 2027
Long-term debt outstanding						$ 1,831,231	$ 1,819,738
Subsequent Event | Fund I V [Member]
Subsequent Event [Line Items]
Proceeds from Investments		$ 46,100
Maximum borrowing capacity	$ 25,500
Maturity date	Apr. 28, 2023
Subsequent Event | Core Portfolio | Dallas Tx [Member]
Subsequent Event [Line Items]
Proceeds from Sale of Land Held-for-investment			$ 3,000