{"url_path":"/sec/akr/8-k/2026-06-12/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 ****Other Events. **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-12","source_url":"https://www.sec.gov/Archives/edgar/data/899629/0001104659-26-073037-index.html","accession_number":"0001104659-26-073037","cik":"0000899629","ticker":"AKR","issuer_name":"ACADIA REALTY TRUST","edgar_url":"https://www.sec.gov/Archives/edgar/data/899629/0001104659-26-073037-index.html","primary_entity_key":"0000899629","primary_entity_name":"ACADIA REALTY TRUST"},"word_count":609,"has_tables":true,"body_markdown":"**Item 8.01****Other Events. **\n\n \n\nOn June 9, 2026, Acadia Realty Trust (the “Company”)\nand its operating partnership, Acadia Realty Limited Partnership (the “Operating Partnership”), entered into an underwriting\nagreement (the “Underwriting Agreement”) with BofA Securities, Inc., Jefferies LLC, Truist Securities, Inc. and Wells Fargo\nSecurities, LLC, in their capacity as underwriters and/or forward sellers, as applicable (collectively, the “Underwriters”),\nand Bank of America, N.A., Jefferies LLC, Truist Bank and Wells Fargo Bank, National Association, in their capacity as forward purchasers\n(collectively, the “Forward Purchasers”), relating to the offer and sale (the “Offering”) of 9,000,000 common\nshares of beneficial interest, par value $0.001 per share (“Common Shares”), of the Company by the Underwriters in connection\nwith the forward sale agreements described below. The Underwriters were granted an option to purchase up to an additional 1,350,000 Common\nShares within 30 days from June 9, 2026. The Company will not initially receive any proceeds from the sale of the Common Shares\nby the Underwriters. The Underwriting Agreement contains customary representations, warranties and covenants among the parties. \n\n \n\nIn connection with the Offering, on June 9, 2026,\nthe Company also entered into separate forward sale agreements (collectively, the “Forward Sale Agreements”) with each of\nthe Forward Purchasers. On the same day, the Forward Purchasers borrowed from third parties and sold to the Underwriters an aggregate\nof 9,000,000 Common Shares (subject to increase if the Underwriters exercise their option to purchase additional shares). The Company\nexpects to physically settle the Forward Sale Agreements and receive proceeds, subject to certain adjustments, from the sale of the Common\nShares upon one or more such physical settlements no later than June 9, 2027. Although the Company expects to settle the Forward Sale\nAgreements entirely by the physical delivery of Common Shares for cash proceeds, the Company may also elect to cash settle or net share\nsettle all or a portion of its obligations under the Forward Sale Agreements, in which case, the Company may not receive any proceeds,\nand the Company may owe cash or Common Shares to the Forward Purchasers.\n\n \n\nAssuming full physical settlement of the Forward\nSale Agreements at an initial forward sale price of $21.80 per share (which is the price at which the Underwriters agreed to buy the Common\nShares), the Company expects to receive net proceeds of approximately $195.6 million (or approximately $225.0 million if the Underwriters\nexercise their option to purchase additional Common Shares in full), after deducting estimated expenses related to the Forward Sale Agreements\nand the Offering. The initial forward sale price is subject to certain adjustments pursuant to the terms of the Forward Sale Agreements.\nThe Forward Sale Agreements are subject to early termination or settlement under certain circumstances.\n\n \n\nThe Company will contribute the net proceeds it\nreceives upon the settlement of the Forward Sale Agreements to the Operating Partnership, which intends to use the net proceeds to fund\nacquisition opportunities arising in the Company’s existing street portfolio markets and/or for other general corporate purposes,\nwhich may include the repayment of outstanding indebtedness, working capital and other general corporate purpose activities. Pending such\nusage, the Operating Partnership expects to invest the net proceeds in short-term instruments.\n\n \n\nThe Offering was made pursuant to the Company’s\neffective shelf registration statement on Form S-3 (Registration No. 333-275356) filed with the Securities and Exchange Commission on\nNovember 7, 2023, and a prospectus supplement dated June 9, 2026.\n\n \n\nThe closing of the Offering occurred on June 11,\n2026. The foregoing description of the Underwriting Agreement and the Forward Sale Agreements does not purport to be complete and is qualified\nin its entirety by reference to the exhibits filed with this Current Report on Form 8-K."}