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Acadia Realty Trust (AKR) Announces 4.2M Common Share Sale

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Acadia Realty Trust (AKR) Prices 4.2M Share Stock Offering for Proceeds of ~$151M

August 9, 2016 5:53 AM EDT

Acadia Realty Trust (NYSE: AKR) announced that the gross proceeds from the sale of 4,200,000 of its common shares of beneficial interest (Shares) are expected to be approximately $150.8 million (or approximately $173.4 million if the option to purchase additional Shares described below is exercised in full). The Company has also granted the... More