NEW YORK, Sep 6, 2002 (BUSINESS WIRE) -- Acadia Realty Trust (NYSE: AKR), a fully integrated shopping center real estate investment trust, announced today that it will release its third quarter 2002 operating results on Friday, November 1, 2002, after the close of the markets.

Kenneth Bernstein, President and CEO, and Perry Kamerman, CFO, will conduct a live audio webcast of Acadia's earnings conference call the following Monday, November 4, 2002 at 2:00 p.m. EST to review the Company's operating results.

The webcast can be accessed in a listen-only mode at Acadia's web site at www.acadiarealty.com. It may also be accessed at CCBN's individual investor center at www.companyboardroom.com or institutional investor website at www.streetevents.com.

If you are unable to participate during the live webcast, the call will be archived on Acadia's website.

Acadia Realty Trust, headquartered on Long Island, NY, is a self-administered equity real estate investment trust structured as an UPREIT, which specializes in the operation, management, leasing, renovation and acquisition of shopping center properties. The Company currently owns and operates 35 properties totaling approximately 7 million square feet, located primarily in the Northeastern and Midwestern regions of the United States.

Certain matters in this press release may constitute forward-looking statements 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.

For more information on Acadia Realty Trust visit Acadia Realty Trust's Web site at www.acadiarealty.com.

CONTACT:
Acadia Realty Trust, New York
Investor Relations:
Jon Grisham, VP, 516/767-8830 ext. 342