Acadia Realty Trust

Public Company, Headquarters Location
1311 Mamaroneck Ave., Ste. 260, White Plains, NY 10605-5224, United States
(914)288-8100, USA (914)428-2760 fax, http://www.acadiarealty.com

Primary SIC: Real Estate Investment Trusts, Primary NAICS: Real Estate Investment Trusts
Description: Acadia Realty Trust was formed on March 4, 1993 as a Maryland real estate investment trust (REIT). The company is a fully integrated, self-managed and self-administered equity REIT focused primarily on the ownership, acquisition, redevelopment and management of retail properties, including neighborhood and community shopping centers and mixed-use properties with retail components. Acadia Realty Trust currently operates 85 properties, including 12 self-storage locations. These assets are located primarily in the Northeast, Mid-Atlantic and Midwestern regions of the United States and, in total, comprise approximately 8 million square feet. The company also has private equity investments in other retail real estate related opportunities, and provides operational support to these ventures with a minority equity interest. All investments are held by, and all operations are conducted through, Acadia Realty Limited Partnership. Retailer-controlled property ventures began with the acquisition of the Mervyns Department Store chain in September 2004. In 2006, the company acquired: 699 stores from Albertson's, the nation's 2nd largest grocery and drug chain; 26 Cub Food stores; Skopko, a regional multi-department retailer with 358 stores located throughout the Midwest, Mountain and Pacific Northwest; Marsh, a regional supermarket chain which operated 271 stores in central Indiana, Illinois and western Ohio.Finance: Real estate investment trust.