WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Oct. 29, 2014--
Acadia Realty Trust (NYSE:AKR)("Acadia" or the "Company") today
announced the sale of 3,400,000 common shares of beneficial interest of
the Company (“Shares”) to BofA Merrill Lynch and Barclays, in a public
offering pursuant to the Company’s effective shelf registration
statement previously filed with the Securities and Exchange Commission.
The Company has also granted the underwriters an option to purchase up
to 510,000 additional Shares.
The Company intends to use the net proceeds from the sale of the Shares
primarily for future acquisitions as well as general corporate purposes.
BofA Merrill Lynch and Barclays are acting as joint bookrunners for the
offering. A copy of the prospectus supplement and prospectus relating to
these securities may be obtained, when available, by contacting BofA
Merrill Lynch, 222 Broadway, New York, NY 10038, attention: Prospectus
Department, or e-mail firstname.lastname@example.org;
or Barclays, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, telephone 1-888-603-5847, or by e-mail Barclaysprospectus@broadridge.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction. The offering of these securities will be made only by
means of the prospectus supplement and the accompanying prospectus.
About Acadia Realty Trust
Acadia Realty Trust, a fully integrated equity real estate investment
trust, is focused primarily on the acquisition, ownership, management
and redevelopment of high-quality retail properties located in key
street and urban retail corridors as well as suburban locations within
high-barrier-to-entry, densely-populated metropolitan areas in the
United States along the east coast and in Chicago. Acadia owns, or has
an ownership interest in, these properties through its core portfolio
and its opportunistic/value-add investment funds.
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 risks, uncertainties and other factors that
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.
Factors that could cause the Company’s forward-looking statements to
differ from its future results include, but are not limited to, those
discussed under the headings “Risk Factors” and “Management's Discussion
and Analysis of Financial Condition and Results of Operations” in the
Company’s most recent annual report on Form 10-K filed with the SEC on
February 26, 2014 (“Form 10-K”) and other periodic reports filed with
the SEC. Copies of the Form 10-K and the other periodic reports Acadia
files with the SEC are available on the SEC’s website at www.sec.gov.
Any forward-looking statements in this press release speak only as of
the date hereof. 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.
Source: Acadia Realty Trust
Acadia Realty Trust
Jon Grisham, 914-288-8100