UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of Earliest Event Reported): April 26, 2007

                               ACADIA REALTY TRUST
             (Exact name of registrant as specified in its charter)

         Maryland                       1-12002                 23-2715194
      (State or other                  (Commission            (I.R.S. Employer
jurisdiction of incorporation)         File Number)          Identification No.)


                             1311 Mamaroneck Avenue
                                    Suite 260
                          White Plains, New York 10605
               (Address of principal executive offices) (Zip Code)

                                 (914) 288-8100
              (Registrant's telephone number, including area code)

          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425 )

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))



Item 2.02 Results of Operations and Financial Condition

On April 26, 2007, Acadia Realty Trust (the "Company") issued a press release
announcing its consolidated financial results for the quarter ended March 31,
2007. A copy of this press release is attached to this report on Form 8-K as
Exhibit 99.1 and incorporated herein by reference. In addition, on April 26,
2007, the Company made available supplemental information concerning the
ownership, operations and portfolio of the Company as of and for the quarter
ended March 31, 2007. A copy of this supplemental information is attached to
this report on Form 8-K as Exhibit 99.2 and incorporated herein by reference.
The information included in this Item 2.02, including the information included
in Exhibits 99.1and 99.2 attached hereto, is intended to be furnished solely
pursuant to this Item 2.02, and is not deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or incorporated by reference into any filing under the Securities Act of
1933, as amended ("Securities Act") or the Exchange Act, or otherwise subject to
the liabilities of Sections 11 and 12 (a) (2) of the Securities Act.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits

(a) Financial Statements

Not Applicable

(b) Pro Forma Financial Information

Not Applicable

(c) Shell Company Transactions

Not Applicable

(d) Exhibits

Exhibit Number      Description
--------------      --------------------------------
99.1                Press release of the Company dated April 26, 2007.
99.2                Financial and Operating Reporting Supplement of the Company
                       for the Quarter Ended March 31, 2007.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                        ACADIA REALTY TRUST
                                        (Registrant)


        Date: April 30, 2007            By: /s/ Michael Nelsen
                                            ------------------
                                            Name:  Michael Nelsen
                                            Title: Sr. Vice President
                                                   and Chief Financial Officer


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