Segment Reporting - Summary of Segment Information (Details) - USD ($) $ in Thousands |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
Dec. 31, 2025 |
[2] |
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization expenses |
|
$ (35,572)
|
|
$ (38,884)
|
|
$ (110,889)
|
|
$ (117,593)
|
|
|
| Property operating expenses |
|
(16,605)
|
|
(16,627)
|
|
(51,893)
|
|
(52,431)
|
|
|
| Real estate taxes |
|
(9,771)
|
|
(11,832)
|
|
(35,428)
|
|
(38,452)
|
|
|
| General and administrative expenses |
|
(11,912)
|
|
(10,924)
|
|
(38,997)
|
|
(34,053)
|
|
|
| Impairment charges |
|
(11,660)
|
|
(12,570)
|
|
(11,660)
|
|
(37,210)
|
|
|
| Gain (loss)on disposition of properties |
|
761
|
|
2,515
|
|
146,878
|
|
2,515
|
|
|
| Operating income |
|
10,224
|
|
12,684
|
|
191,409
|
|
28,768
|
|
|
| Interest income |
|
4,546
|
|
6,121
|
|
15,891
|
|
18,575
|
|
|
| Equity in (losses) earnings of unconsolidated affiliates |
|
(467)
|
|
(3,694)
|
|
11,954
|
|
(9,598)
|
|
|
| Interest expense |
|
(19,927)
|
|
(24,304)
|
|
(62,122)
|
|
(71,155)
|
|
|
| Loss on change in control |
|
0
|
|
0
|
|
0
|
|
(9,622)
|
|
|
| Realized and unrealized holding (losses) gains on investments and other |
|
|
|
(1,760)
|
|
(649)
|
|
(193)
|
|
|
| Income tax benefit (provision) |
|
1
|
|
(2)
|
|
(165)
|
|
(329)
|
|
|
| Net (loss) income |
|
(5,623)
|
|
(10,955)
|
|
156,318
|
|
(43,554)
|
|
|
| Net loss attributable to redeemable noncontrolling interests |
|
25
|
|
1,567
|
|
1,704
|
|
4,960
|
|
|
| Net (income) loss attributable to noncontrolling interests |
|
2,004
|
|
15,006
|
|
(120,101)
|
|
47,783
|
|
|
| Net (loss) income attributable to Acadia shareholders |
|
(3,594)
|
|
5,618
|
|
37,921
|
|
9,189
|
|
|
| Real estate at cost |
[1] |
5,037,947
|
|
5,126,252
|
|
5,037,947
|
|
5,126,252
|
|
|
| Total assets |
|
4,829,735
|
[1],[2] |
4,875,192
|
[1] |
4,829,735
|
[1],[2] |
4,875,192
|
[1] |
$ 4,837,152
|
| Cash paid for acquisition of real estate |
|
|
|
|
|
341,161
|
|
406,907
|
|
|
| Cash paid for development and property improvement costs |
|
|
|
|
|
80,212
|
|
86,638
|
|
|
| Rental Income |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
90,395
|
|
98,714
|
|
280,151
|
|
299,651
|
|
|
| Other |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
4,588
|
|
2,292
|
|
13,247
|
|
6,341
|
|
|
| Operating Segments | REIT Portfolio |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization expenses |
|
(24,673)
|
|
(22,663)
|
|
(73,017)
|
|
(68,792)
|
|
|
| Property operating expenses |
|
(9,860)
|
|
(7,732)
|
|
(30,115)
|
|
(25,924)
|
|
|
| Real estate taxes |
|
(7,196)
|
|
(7,469)
|
|
(26,568)
|
|
(25,207)
|
|
|
| General and administrative expenses |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Impairment charges |
|
(11,660)
|
|
0
|
|
(11,660)
|
|
0
|
|
|
| Gain (loss)on disposition of properties |
|
192
|
|
2,756
|
|
(224)
|
|
2,756
|
|
|
| Operating income |
|
13,316
|
|
22,930
|
|
55,116
|
|
63,631
|
|
|
| Interest income |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Equity in (losses) earnings of unconsolidated affiliates |
|
1,028
|
|
(135)
|
|
998
|
|
(344)
|
|
|
| Interest expense |
|
(13,030)
|
|
(10,753)
|
|
(37,323)
|
|
(29,687)
|
|
|
| Loss on change in control |
|
|
|
|
|
|
|
(9,622)
|
|
|
| Realized and unrealized holding (losses) gains on investments and other |
|
|
|
(2,205)
|
|
(649)
|
|
(831)
|
|
|
| Income tax benefit (provision) |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (loss) income |
|
1,314
|
|
9,837
|
|
18,142
|
|
23,147
|
|
|
| Net loss attributable to redeemable noncontrolling interests |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (income) loss attributable to noncontrolling interests |
|
170
|
|
(151)
|
|
(1,501)
|
|
194
|
|
|
| Net (loss) income attributable to Acadia shareholders |
|
1,484
|
|
9,686
|
|
16,641
|
|
23,341
|
|
|
| Real estate at cost |
[1] |
3,727,461
|
|
3,298,167
|
|
3,727,461
|
|
3,298,167
|
|
|
| Total assets |
[1] |
3,519,731
|
|
3,157,469
|
|
3,519,731
|
|
3,157,469
|
|
|
| Cash paid for acquisition of real estate |
|
|
|
|
|
341,161
|
|
276,852
|
|
|
| Cash paid for development and property improvement costs |
|
|
|
|
|
71,406
|
|
72,019
|
|
|
| Operating Segments | REIT Portfolio | Rental Income |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
65,232
|
|
57,162
|
|
193,790
|
|
178,635
|
|
|
| Operating Segments | REIT Portfolio | Other |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
1,281
|
|
876
|
|
2,910
|
|
2,163
|
|
|
| Operating Segments | Investment Management |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization expenses |
|
(10,899)
|
|
(16,221)
|
|
(37,872)
|
|
(48,801)
|
|
|
| Property operating expenses |
|
(6,745)
|
|
(8,895)
|
|
(21,778)
|
|
(26,507)
|
|
|
| Real estate taxes |
|
(2,575)
|
|
(4,363)
|
|
(8,860)
|
|
(13,245)
|
|
|
| General and administrative expenses |
|
0
|
|
0
|
|
|
|
0
|
|
|
| Impairment charges |
|
0
|
|
(12,570)
|
|
|
|
(37,210)
|
|
|
| Gain (loss)on disposition of properties |
|
569
|
|
(241)
|
|
147,102
|
|
(241)
|
|
|
| Operating income |
|
8,820
|
|
678
|
|
175,290
|
|
(810)
|
|
|
| Interest income |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Equity in (losses) earnings of unconsolidated affiliates |
|
(1,495)
|
|
(3,559)
|
|
10,956
|
|
(9,254)
|
|
|
| Interest expense |
|
(6,897)
|
|
(13,551)
|
|
(24,799)
|
|
(41,468)
|
|
|
| Loss on change in control |
|
|
|
|
|
|
|
0
|
|
|
| Realized and unrealized holding (losses) gains on investments and other |
|
|
|
0
|
|
0
|
|
0
|
|
|
| Income tax benefit (provision) |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (loss) income |
|
428
|
|
(16,432)
|
|
161,447
|
|
(51,532)
|
|
|
| Net loss attributable to redeemable noncontrolling interests |
|
25
|
|
1,567
|
|
1,704
|
|
4,960
|
|
|
| Net (income) loss attributable to noncontrolling interests |
|
1,834
|
|
15,157
|
|
(118,600)
|
|
47,589
|
|
|
| Net (loss) income attributable to Acadia shareholders |
|
2,287
|
|
292
|
|
44,551
|
|
1,017
|
|
|
| Real estate at cost |
[1] |
1,310,486
|
|
1,828,085
|
|
1,310,486
|
|
1,828,085
|
|
|
| Total assets |
[1] |
1,101,469
|
|
1,562,958
|
|
1,101,469
|
|
1,562,958
|
|
|
| Cash paid for acquisition of real estate |
|
|
|
|
|
0
|
|
130,055
|
|
|
| Cash paid for development and property improvement costs |
|
|
|
|
|
8,806
|
|
14,619
|
|
|
| Operating Segments | Investment Management | Rental Income |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
25,163
|
|
41,552
|
|
86,361
|
|
121,016
|
|
|
| Operating Segments | Investment Management | Other |
|
|
|
|
|
|
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
3,307
|
|
1,416
|
|
10,337
|
|
4,178
|
|
|
| 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
|
|
0
|
|
0
|
|
|
| Operating income |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Interest income |
|
4,546
|
|
6,121
|
|
15,891
|
|
18,575
|
|
|
| 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 |
|
|
|
445
|
|
0
|
|
638
|
|
|
| Income tax benefit (provision) |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (loss) income |
|
4,546
|
|
6,566
|
|
15,891
|
|
19,213
|
|
|
| Net loss attributable to redeemable noncontrolling interests |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (income) loss attributable to noncontrolling interests |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (loss) income attributable to Acadia shareholders |
|
4,546
|
|
6,566
|
|
15,891
|
|
19,213
|
|
|
| Real estate at cost |
[1] |
0
|
|
0
|
|
0
|
|
0
|
|
|
| Total assets |
[1] |
208,535
|
|
154,765
|
|
208,535
|
|
154,765
|
|
|
| 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 |
|
(11,912)
|
|
(10,924)
|
|
(38,997)
|
|
(34,053)
|
|
|
| Impairment charges |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Gain (loss)on disposition of properties |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Operating income |
|
(11,912)
|
|
(10,924)
|
|
(38,997)
|
|
(34,053)
|
|
|
| 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
|
|
|
| Income tax benefit (provision) |
|
1
|
|
(2)
|
|
(165)
|
|
(329)
|
|
|
| Net (loss) income |
|
(11,911)
|
|
(10,926)
|
|
(39,162)
|
|
(34,382)
|
|
|
| Net loss attributable to redeemable noncontrolling interests |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (income) loss attributable to noncontrolling interests |
|
0
|
|
0
|
|
0
|
|
0
|
|
|
| Net (loss) income attributable to Acadia shareholders |
|
(11,911)
|
|
(10,926)
|
|
(39,162)
|
|
(34,382)
|
|
|
| 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
|
|
|
|
|