Acadia Realty Trust Announces Year-End Promotions and Leadership Transition to Support Continued Growth
Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) has announced a series of year-end promotions and leadership changes designed to strengthen its management structure and support its long-term growth strategy. The updates reflect Acadia’s commitment to developing internal talent, maintaining operational excellence, and ensuring continuity within its senior leadership team.
The promotions recognize the contributions of key professionals who have played an important role in the Company’s recent performance, while the announced retirement of a long-serving executive marks a significant milestone in Acadia’s corporate history.
AJ Levine Promoted to Executive Vice President, Leasing and Development
As part of the year-end leadership updates, Acadia has promoted AJ Levine to the position of Executive Vice President, Leasing and Development. In this expanded role, Mr. Levine will continue to oversee the Company’s leasing and development initiatives while taking on additional responsibilities across property management and marketing functions.
The promotion broadens Mr. Levine’s scope within the organization and further aligns Acadia’s leasing, development, property management, and marketing efforts under a more integrated leadership structure. This approach is intended to enhance operational efficiency, support asset performance, and reinforce Acadia’s internal growth strategy.
Since joining Acadia in 2019, Mr. Levine has been a key contributor to the Company’s leasing and development success. He was previously promoted to Senior Vice President, Leasing and Development in 2021, reflecting his growing leadership role and impact across the portfolio. Over the years, he has been instrumental in driving leasing momentum, supporting redevelopment initiatives, and strengthening tenant relationships across Acadia’s retail-focused assets.
In his new role, Mr. Levine’s oversight of property management and marketing teams is expected to further enhance coordination between leasing strategies and day-to-day asset operations. This expanded responsibility positions it to better align its brand, tenant mix, and customer engagement strategies across its properties.
Erica Pipitone Promoted to Vice President, Financial Reporting
Acadia also announced the promotion of Erica Pipitone to Vice President, Financial Reporting, recognizing her continued contributions to the Company’s financial operations and reporting functions.
In her new role, Ms. Pipitone will remain responsible for overseeing Acadia’s financial reporting activities, including the preparation and management of SEC filings, compliance with regulatory requirements, and the handling of complex technical accounting matters. Her leadership will continue to play a vital role in maintaining transparency, accuracy, and consistency in the Company’s financial disclosures.
Ms. Pipitone joined in 2020 and has steadily advanced within the accounting team. She has demonstrated strong technical expertise and leadership throughout her tenure, most recently serving as Director, Financial Reporting since 2022. Her promotion reflects both her individual performance and Acadia’s broader commitment to internal career progression.
As Vice President, Financial Reporting, Ms. Pipitone will continue to support the Company’s financial integrity while working closely with senior management to ensure that Acadia’s reporting practices align with evolving regulatory standards and investor expectations.
Joseph Napolitano to Retire as Chief Administrative Officer
In addition to the promotions, Acadia announced that Joseph Napolitano, Senior Vice President and Chief Administrative Officer, has informed the Company of his intention to retire on or about April 1, 2026. Mr. Napolitano’s retirement will conclude an exceptional 31-year career with Acadia, including nearly two decades as a member of the Company’s senior leadership team.
Mr. Napolitano has served in a variety of leadership roles since joining and has been an integral part of the Company’s evolution and growth. He has held his current position as Chief Administrative Officer since 2007, during which time he played a key role in overseeing administrative operations and supporting the Company’s strategic objectives.
In preparation for his retirement, Mr. Napolitano has successfully transitioned his responsibilities to several individuals within the organization. This proactive approach ensures continuity, minimizes disruption, and reflects Acadia’s thoughtful succession planning.
Leadership Recognition and Legacy
Commenting on Mr. Napolitano’s retirement, Kenneth F. Bernstein, President and Chief Executive Officer of Realty Trust, expressed his appreciation for Mr. Napolitano’s long-standing service and leadership.
“I’d like to thank Joe for over 31 years of unwavering dedication to Acadia,” said Mr. Bernstein. “Joe’s trusted leadership played a significant role in driving success and shaping the culture that defines who we are today. It has been a privilege working closely with Joe; his impact leaves a lasting legacy, and I wish him well in his next chapter.”
Mr. Napolitano’s departure marks the end of a distinguished tenure characterized by stability, institutional knowledge, and a deep commitment to the Company’s values. His contributions have helped guide the organization through multiple phases of growth and transformation, and his influence will continue to be felt across the organization.
Strengthening the Foundation for Future Growth
Together, these leadership updates underscore Realty Trust’s focus on continuity, internal talent development, and strategic alignment across its operations. The promotions of AJ Levine and Erica Pipitone reflect the Company’s confidence in its management team and its belief in fostering leadership from within.
At the same time, the planned retirement of Joseph Napolitano demonstrates Acadia’s commitment to thoughtful succession planning and long-term organizational stability. As the Company continues to execute its growth strategy, these changes position to build on its strong foundation while adapting to evolving market opportunities.
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