FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Blacksberg Jason 2. Issuer Name and Ticker or Trading Symbol ACADIA REALTY TRUST [ AKR ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Sr. VP and General Counsel
(Last)         (First)         (Middle)
C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVE
3. Date of Earliest Transaction (MM/DD/YYYY)
11/3/2021
(Street)
RYE, NY 10580
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares of Beneficial Interest - $.001 Par Value  11/3/2021  11/3/2021  C    6000  A $0.00  6000  D   
Common Shares of Beneficial Interest - $.001 Par Value  11/3/2021  11/3/2021  S    6000  D $22.81 (1) 0  D   
Common Shares of Beneficial Interest - $.001 Par Value  11/5/2021  11/5/2021  C    1500  A $0.00  1500  D   
Common Shares of Beneficial Interest - $.001 Par Value  11/5/2021  11/5/2021  S    1500  D $23.20  0  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Limited Partnership Units  $0.00  11/3/2021  11/3/2021  C        6000    (2)  (2) Common Shares of Beneficial Interest  6000  $0.00  124238  D   
Limited Partnership Units  $0.00  11/5/2021  11/5/2021  C        1500    (2)  (2) Common Shares of Beneficial Interest  1500  $0.00  122738  D   

Explanation of Responses:
(1)  These shares were sold in 51 separate sales transactions at a weighted average sales price of $22.81. The actual price at which these shares were sold range from $22.77 to $22.85 per share. Mr. Blacksberg will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
(2)  These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of the Company. There is no expiration date for the conversion of LTIP Units or OP Units.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Blacksberg Jason
C/O ACADIA REALTY TRUST
411 THEODORE FREMD AVE
RYE, NY 10580


Sr. VP and General Counsel

Signatures
/s/ Jason Blacksberg 11/5/2021
**Signature of Reporting Person Date
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