Acadia Realty Trust completes public offering of 6.9M common shares, netting $112.7M

ACADIA REALTY TRUST

Underwritten public offering of 6M common shares plus 0.9M overallotment closed January 11, 2024.
Net proceeds to company of approximately $112.7 million after estimated offering expenses.
Proceeds to be used for general corporate purposes, including debt repayment and future acquisitions.
J.P. Morgan and BofA Securities acted as joint underwriters for the offering.

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