Acadia Realty Trust - AKR- Profile

Acadia Realty Trust. The Group's principal activity is the ownership, acquisition, redevelopment and management of neighborhood and community shopping centers. The Group operates in two business segments: Retail properties and Multi-family properties. The Group is a self-managed and self-administered Real Estate Investment Trust (REIT) and qualifies under sections 856 through 860 of the Internal Revenue Code of 1986. As of 31-Dec-2006, the Group owns and operates 74 properties located primarily in the Northeast, Mid-Atlantic and Midwest United States. In 2006, the Group acquired 60% interest in A&P Shopping Plaza. Owns, acquires, redevelops and manages neighborhood and community shopping centers