v3.26.1
Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
 [2]
Segment Reporting Information [Line Items]          
Depreciation and amortization expenses $ (35,162) $ (39,269) $ (75,317) $ (78,709)  
Property operating expenses (17,039) (17,524) (35,288) (35,804)  
Real estate taxes (12,735) (13,317) (25,657) (26,620)  
General and administrative expenses (11,782) (11,532) (27,085) (23,129)  
Impairment charges 0 (18,190) 0 (24,640)  
Gain (loss) on disposition of properties 3,969 0 146,117 0  
Operating income 22,674 760 181,185 16,084  
Interest income 6,557 6,358 11,345 12,454  
Equity in (losses) earnings of unconsolidated affiliates 13,929 (4,191) 12,421 (5,904)  
Interest expense (20,143) (23,604) (42,195) (46,851)  
Loss on change in control 0 0 0 (9,622)  
Realized and unrealized holding (losses) gains on investments and other (33) (54) (649) 1,567  
Income tax provision (154) (211) (166) (327)  
Net income (loss) 22,830 (20,942) 161,941 (32,599)  
Net loss attributable to redeemable noncontrolling interests 981 1,724 1,679 3,393  
Net (income) loss attributable to noncontrolling interests (12,773) 21,181 (122,105) 32,777  
Net income attributable to Acadia shareholders 11,038 1,963 41,515 3,571  
Real estate at cost [1] 4,876,473 5,096,641 4,876,473 5,096,641  
Total assets 4,617,507 [1],[2] 4,875,569 [1] 4,617,507 [1],[2] 4,875,569 [1] $ 4,837,152
Cash paid for acquisition of real estate     196,302 344,647  
Cash paid for development and property improvement costs     57,289 47,528  
Rental Income          
Segment Reporting Information [Line Items]          
Revenues 91,188 98,297 189,756 200,937  
Other          
Segment Reporting Information [Line Items]          
Revenues 4,235 2,295 8,659 4,049  
Operating Segments | REIT Portfolio          
Segment Reporting Information [Line Items]          
Depreciation and amortization expenses (23,973) (22,446) (48,344) (46,129)  
Property operating expenses (9,956) (8,639) (20,255) (18,192)  
Real estate taxes (10,018) (8,780) (19,372) (17,738)  
General and administrative expenses 0 0 0 0  
Impairment charges 0 0 0 0  
Gain (loss) on disposition of properties (416)   (416)    
Operating income 22,611 18,438 41,800 40,701  
Interest income 0 0 0 0  
Equity in (losses) earnings of unconsolidated affiliates (80) (522) (30) (209)  
Interest expense (12,090) (9,555) (24,393) (18,934)  
Loss on change in control       (9,622)  
Realized and unrealized holding (losses) gains on investments and other (33) (411) (649) 1,374  
Income tax provision 0 0 0 0  
Net income (loss) 10,408 7,950 16,728 13,310  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests (435) 136 (1,671) 345  
Net income attributable to Acadia shareholders 9,973 8,086 15,057 13,655  
Real estate at cost [1] 3,569,687 3,281,496 3,569,687 3,281,496  
Total assets [1] 3,355,631 3,112,930 3,355,631 3,112,930  
Cash paid for acquisition of real estate     196,302 276,852  
Cash paid for development and property improvement costs     50,832 42,030  
Operating Segments | REIT Portfolio | Rental Income          
Segment Reporting Information [Line Items]          
Revenues 65,944 57,699 128,558 121,473  
Operating Segments | REIT Portfolio | Other          
Segment Reporting Information [Line Items]          
Revenues 1,030 604 1,629 1,287  
Operating Segments | Investment Management          
Segment Reporting Information [Line Items]          
Depreciation and amortization expenses (11,189) (16,823) (26,973) (32,580)  
Property operating expenses (7,083) (8,885) (15,033) (17,612)  
Real estate taxes (2,717) (4,537) (6,285) (8,882)  
General and administrative expenses 0 0   0  
Impairment charges 0 (18,190)   (24,640)  
Gain (loss) on disposition of properties 4,385   146,533    
Operating income 11,845 (6,146) 166,470 (1,488)  
Interest income 0 0 0 0  
Equity in (losses) earnings of unconsolidated affiliates 14,009 (3,669) 12,451 (5,695)  
Interest expense (8,053) (14,049) (17,802) (27,917)  
Loss on change in control       0  
Realized and unrealized holding (losses) gains on investments and other 0 0 0 0  
Income tax provision 0 0 0 0  
Net income (loss) 17,801 (23,864) 161,119 (35,100)  
Net loss attributable to redeemable noncontrolling interests 981 1,724 1,679 3,393  
Net (income) loss attributable to noncontrolling interests (12,338) 21,045 (120,434) 32,432  
Net income attributable to Acadia shareholders 6,444 (1,095) 42,364 725  
Real estate at cost [1] 1,306,786 1,815,145 1,306,786 1,815,145  
Total assets [1] 1,107,375 1,607,957 1,107,375 1,607,957  
Cash paid for acquisition of real estate     0 67,795  
Cash paid for development and property improvement costs     6,457 5,498  
Operating Segments | Investment Management | Rental Income          
Segment Reporting Information [Line Items]          
Revenues 25,244 40,598 61,198 79,464  
Operating Segments | Investment Management | Other          
Segment Reporting Information [Line Items]          
Revenues 3,205 1,691 7,030 2,762  
Operating Segments | Structured Financing          
Segment Reporting Information [Line Items]          
Depreciation and amortization expenses 0 0 0 0  
Property operating expenses 0 0 0 0  
Real estate taxes 0 0 0 0  
General and administrative expenses 0 0 0 0  
Impairment charges 0 0 0 0  
Gain (loss) on disposition of properties 0   0    
Operating income 0 0 0 0  
Interest income 6,557 6,358 11,345 12,454  
Equity in (losses) earnings of unconsolidated affiliates 0 0 0 0  
Interest expense 0 0 0 0  
Loss on change in control       0  
Realized and unrealized holding (losses) gains on investments and other 0 357 0 193  
Income tax provision 0 0 0 0  
Net income (loss) 6,557 6,715 11,345 12,647  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests 0 0 0 0  
Net income attributable to Acadia shareholders 6,557 6,715 11,345 12,647  
Real estate at cost [1] 0 0 0 0  
Total assets [1] 154,501 154,682 154,501 154,682  
Cash paid for acquisition of real estate     0 0  
Cash paid for development and property improvement costs     0 0  
Operating Segments | Structured Financing | Rental Income          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Operating Segments | Structured Financing | Other          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Unallocated          
Segment Reporting Information [Line Items]          
Depreciation and amortization expenses 0 0 0 0  
Property operating expenses 0 0 0 0  
Real estate taxes 0 0 0 0  
General and administrative expenses (11,782) (11,532) (27,085) (23,129)  
Impairment charges 0 0 0 0  
Gain (loss) on disposition of properties 0   0    
Operating income (11,782) (11,532) (27,085) (23,129)  
Interest income 0 0 0 0  
Equity in (losses) earnings of unconsolidated affiliates 0 0 0 0  
Interest expense 0 0 0 0  
Loss on change in control       0  
Realized and unrealized holding (losses) gains on investments and other 0 0 0 0  
Income tax provision (154) (211) (166) (327)  
Net income (loss) (11,936) (11,743) (27,251) (23,456)  
Net loss attributable to redeemable noncontrolling interests 0 0 0 0  
Net (income) loss attributable to noncontrolling interests 0 0 0 0  
Net income attributable to Acadia shareholders (11,936) (11,743) (27,251) (23,456)  
Real estate at cost [1] 0 0 0 0  
Total assets [1] 0 0 0 0  
Cash paid for acquisition of real estate     0 0  
Cash paid for development and property improvement costs     0 0  
Unallocated | Rental Income          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Unallocated | Other          
Segment Reporting Information [Line Items]          
Revenues $ 0 $ 0 $ 0 $ 0  
[1] Total assets for the Investment Management segment include $516.1 million and $533.7 million related to Fund II’s City Point property as of June 30, 2026 and 2025, respectively.
[2] Includes consolidated assets and liabilities of Acadia Realty Limited Partnership (the “Operating Partnership”), including those of its consolidated variable interest entities (“VIEs”) (Note 15), consisting of: $1,002.0 million and $1,768.6 million of Operating real estate, net; $37.1 million and $53.3 million of Investments in and advances to unconsolidated affiliates; $41.0 million and $78.3 million of Other assets, net; $1.3 million and $1.5 million of Right-of-use assets - operating leases, net; $27.2 million and $30.4 million of Cash and cash equivalents; $7.0 million and $6.5 million of Restricted cash; $11.9 million and $29.3 million of Rents receivable, net; $6.8 million and $- million of Assets of property held for sale, $381.0 million and $793.8 million of Mortgage and other notes payable, net; $52.3 million and $61.3 million of Unsecured notes payable, net; $79.7 million and $125.6 million of Accounts payable and other liabilities; $1.4 million and $1.6 million of Lease liabilities- operating leases, net, as of June 30, 2026 and December 31, 2025, respectively.