Acadia Realty Purchases US$229mn Worth Of Properties In 2013


News: US-based Acadia Realty Trust announced that it acquired or entered agreements to take over complementary street-retail assets worth US$229mn in 2013. The company also announced that it has an additional US$92.1mn of core properties under contract to acquire. The core portfolio acquisitions do not include assets in which Acadia has co-invested through its opportunity funds. The street-retail properties acquired in 2013 are located in Chicago, New York and Washington DC sub-markets.

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Related sectors of this article: Real Estate
Geography: United States