Acadia Realty Trust Expands $750M Credit Facility

Acadia Realty Trust (NYSE: AKR) (the “Company”) announced today that it closed on a $750 million amended and restated credit facility, which replaces and extends the Company’s existing $700 million credit facility. The facility was oversubscribed and maintained the pricing spread from the prior facility while improving its financial covenant package.

The amended and restated credit facility matures on April 15, 2028 (with two six-month extension options) and has an accordion feature expandable to $900 million, subject to customary conditions.

“This successful execution highlights the strength and support of our long-standing capital providers,” stated John Gottfried, Chief Financial Officer of Acadia Realty Trust. “The expansion and extension of our unsecured facility, at attractive terms, provide us with the capital and flexibility to pursue accretive external growth.”

BofA Securities, Inc. and Wells Fargo Securities, LLC served as joint bookrunners, BofA Securities, Inc., Wells Fargo Securities, LLC, Truist Securities, Inc. and PNC Capital Markets LLC served as joint lead arrangers, Wells Fargo Bank, National Association, Truist Bank and PNC Bank, National Association served as syndication agents, and Bank of America, N.A. serves as administrative agent.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Strategic Capital – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit

The Company uses, and intends to use, the Investors page of its website, which can be found at, as a means of disclosing material nonpublic information and of complying with its disclosure obligations under Regulation FD, including, without limitation, through the posting of investor presentations and certain portfolio updates that may include material nonpublic information. Accordingly, investors should monitor the Investors page, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, the website is not incorporated by reference into, and is not a part of, this document.

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