Acadia Realty Trust establishes $400M ATM equity offering program

ACADIA REALTY TRUST

Company may sell up to $400M of common shares from time to time through at-the-market offering.
Sales agents and forward sellers entitled to compensation up to 2.0% of gross proceeds.
Proceeds to be used for general corporate purposes, including acquisitions and debt repayment.
Forward sale agreements allow for delayed settlement; company may cash or net share settle.

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