Acadia Realty Trust Prices Offering of 6,900,000 Common Shares

Core Viewpoint - Acadia Realty Trust announced the pricing of an underwritten offering of 6,900,000 common shares at a price of $16.75 per share, with the offering expected to close on January 11, 2024, subject to customary closing conditions [1]. Summary by Sections Offering Details - The offering includes an underwriters' option to purchase an additional 900,000 shares [1]. - The net proceeds from the offering will be used for general corporate purposes, which may include funding future acquisitions, repaying outstanding indebtedness, and working capital [1]. Underwriters - J.P. Morgan and BofA Securities are serving as the underwriters for the offering [1]. Company Overview - Acadia Realty Trust is an equity real estate investment trust (REIT) focused on long-term profitable growth through its Core Portfolio and Fund operating platforms [4]. - The company aims to build a best-in-class core real estate portfolio and make profitable opportunistic and value-add investments through discretionary institutional funds while maintaining a strong balance sheet [4].