Acadia Realty Trust to Present at Citigroup 2007 Global Property CEO Conference.

NEW YORK -- Acadia Realty Trust (NYSE: AKR - "Acadia"), a real estate investment trust ("REIT"), today announced that Kenneth F. Bernstein, President and CEO, will give a general overview of Acadia to be followed by a question and answer session at the Citigroup 2007 Global Property CEO Conference on Monday, March 5, 2007, from 7:45 AM to 8:20 AM EST.

A live conference call of the presentation can be accessed in a listen-only mode by dialing at least 5 minutes before the scheduled presentation time as follows:

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Monday, March 5, 2007
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7:45 AM, EST
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913-312-1273
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Available through April 4,2007
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888-203-1112 or 719-457-0820
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3645310

Acadia Realty Trust, headquartered in White Plains, NY, 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/community shopping centers and mixed-use properties with retail components.

Certain matters in this press release may constitute forward-looking statements within the meaning of federal securities law and as such may involve known and unknown risk, uncertainties and other factors which may cause the actual results, performances or achievements of Acadia to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in the Company's most recent annual report on Form 10-K filed with the SEC on March 16, 2006, as amended and retrospectively adjusted, (the "Form 10-K") and other periodic reports filed with the SEC, including risks related to: (i) the Company's reliance on revenues derived from major tenants; (ii) the Company's limited control over joint venture investments; (iii) the Company's partnership structure; (iv) real estate and the geographic concentration of our properties; (v) market interest rates; (vi) leverage; (vii) liability for environmental matters;(viii) the Company's growth strategy; (ix) the Company's status as a REIT (x) uninsured losses and (xi) the loss of key executives. Copies of the Form 10-K and the other periodic reports Acadia files with the SEC are available on the Company's website at www.acadiarealty.com. Any forward-looking statements in this press release speak only as of the date hereof. Acadia expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Acadia's expectations with regard thereto or change in events, conditions or circumstances on which any such statement is based.

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