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 24, 2003


                               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.)



                            20 Soundview Marketplace
                         Port Washington, New York 11050
               (Address of principal executive offices) (Zip Code)


                                 (516) 767-8830
              (Registrant's telephone number, including area code)



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



ITEM 5. Other Events On April 24, 2003, the Registrant issued a press release announcing that it had filed a Form S-3 shelf registration statement with the Securities and Exchange Commission. A copy of the press release dated April 24, 2003 is attached hereto as exhibit 99.1. ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits 99.1 Press release dated April 24, 2003 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 24, 2003 By: /s/ Michael Nelsen ------------------------------------ Name: Michael Nelsen Title: Sr. Vice President and Chief Financial Officer

                                                              Exhibit 99.1


 Acadia Realty Trust Announces Filing of Shelf Registration Statement


    NEW YORK--(BUSINESS WIRE)--April 24, 2003--Acadia Realty Trust
(NYSE: AKR - the "Company"), a real estate investment trust and owner
and operator of primarily supermarket-anchored shopping centers, today
announced the filing of a Form S-3 shelf registration statement with
the Securities and Exchange Commission, which will permit the Company,
from time to time, to offer and sell up to $75 million of common or
preferred shares of beneficial interest.
    A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time that the registration statement
becomes effective. This news release does not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of the securities in any state in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification
of the securities under the securities laws of any such state.
    Acadia Realty Trust, headquartered on Long Island, NY, is a fully
integrated and self-managed real estate investment trust which
specializes in the acquisition, redevelopment and operation of
shopping centers which are anchored by grocery and value-oriented
retail. Acadia currently owns (or has interests in) and operates 62
properties totaling approximately nine million square feet, located
primarily in the Eastern United States.
    Certain matters in this press release may constitute
forward-looking statements within the meaning of federal securities
law and as such may involve known and unknown risk, uncertainties and
other factors which may cause the actual results, performances or
achievements of Acadia to be materially different from any future
results, performances or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements speak only
as of the date of this document. Acadia expressly disclaims any
obligation or undertaking to release publicly any updates or revisions
to any forward-looking statements contained herein to reflect any
change in Acadia's expectations with regard thereto or change in
events, conditions or circumstances on which any such statement is
based.
    For more information visit Acadia Realty Trust's Web site at
www.acadiarealty.com


    CONTACT: Acadia Realty Trust
             Jon Grisham, 516/767-8830 ext. 342