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    <link:label id="lab_us-gaap_ClassOfStockDomain_F75DC0556C458A3D9CB1623EABBB45CD_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_F75DC0556C458A3D9CB1623EABBB45CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
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    <link:label id="lab_akr_PreferredOPUnitsMember_AD7648B658E64F6BE063623EABBB0880_label_en-US" xlink:label="lab_akr_PreferredOPUnitsMember_AD7648B658E64F6BE063623EABBB0880" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred OP Units [Member]</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_PerUnitConversionAmountPreferredOPUnits" xlink:label="loc_akr_PerUnitConversionAmountPreferredOPUnits_211EA0B37991DB0D3058623EABBCECE4" xlink:type="locator" />
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    <link:label id="lab_akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock_D0BB4366D9D06EB0DBEA623EABBCDE82_terseLabel_en-US" xlink:label="lab_akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock_D0BB4366D9D06EB0DBEA623EABBCDE82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Limited partners' capital account, units issued and converted (in shares)</link:label>
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    <link:label id="lab_akr_LimitedLiabilityCompanyLlcOrLimitedPartnershipLpManagingMemberOrGeneralPartnerOwnershipShareOfCapital_BA310CF4611E18095B1D5DD91496F76D_terseLabel_en-US" xlink:label="lab_akr_LimitedLiabilityCompanyLlcOrLimitedPartnershipLpManagingMemberOrGeneralPartnerOwnershipShareOfCapital_BA310CF4611E18095B1D5DD91496F76D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating partnership share of capital</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsOutstandingAggregateIntrinsicValueAbstract" xlink:label="loc_akr_SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsOutstandingAggregateIntrinsicValueAbstract_8ABDF302841198A0C3676C55E6D11AF8" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_9C69442A7102F5056FB16C55E6D133BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_9C69442A7102F5056FB16C55E6D133BE" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_9C69442A7102F5056FB16C55E6D133BE" xlink:type="arc" />
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    <link:label id="lab_akr_FirstMortgageLoanSevenPointSevenPercentLoanDue2015Member_E0B7A08DC7AF34008EC94CADB0FD66BC_terseLabel_en-US" xlink:label="lab_akr_FirstMortgageLoanSevenPointSevenPercentLoanDue2015Member_E0B7A08DC7AF34008EC94CADB0FD66BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First Mortgage Loan, 9.0% Loan Due On Demand</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_75A2744601DAFAA449FE6D5817981DE4" xlink:to="lab_us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_75A2744601DAFAA449FE6D5817981DE4" xlink:type="arc" />
    <link:label id="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224_negatedLabel_en-US" xlink:label="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of convertible notes payable</link:label>
    <link:label id="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224_label_en-US" xlink:label="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redemption of Convertible Notes Payable</link:label>
    <link:label id="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224_documentation_en-US" xlink:label="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redemption of Convertible Notes Payable</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_RedemptionOfConvertibleNotesPayable" xlink:label="loc_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224" xlink:to="lab_akr_RedemptionOfConvertibleNotesPayable_7C423B59E0C25BA911A06D58179DE224" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D481CAC1D3982937D20C6D58179D31F8" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">(Decrease) increase in cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF" xlink:to="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_C395E12E3AB827C135006D58179DD1CF" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, beginning of year</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_BD101788953334EB8DCF6D58179D917D" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_728E44ED6969F7B1F3FD6D58179D548E_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_728E44ED6969F7B1F3FD6D58179D548E" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, end of year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_728E44ED6969F7B1F3FD6D58179D548E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_728E44ED6969F7B1F3FD6D58179D548E" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_728E44ED6969F7B1F3FD6D58179D548E" xlink:type="arc" />
    <link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of cash flow information</link:label>
    <link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C_label_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental Cash Flow Information [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C" xlink:to="lab_us-gaap_SupplementalCashFlowInformationAbstract_2AC87004191BF01666836D58179D814C" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash paid during the period for interest, net of capitalized interest of $21,109, $16,447 and $12,650, respectively</link:label>
    <link:label id="lab_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780_label_en-US" xlink:label="lab_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Paid, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780" xlink:to="lab_us-gaap_InterestPaidNet_07919465936113D54F4C6D58179D2780" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash paid for income taxes, net of refunds received of $0, $0 and $2,045, respectively</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Paid, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801" xlink:to="lab_us-gaap_IncomeTaxesPaidNet_896C6172D213D690CA3F6D58179DE801" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investing activities</link:label>
    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09_label_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09" xlink:to="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_B7FECBDC92256C2BA4076D58179EEE09" xlink:type="arc" />
    <link:label id="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172_terseLabel_en-US" xlink:label="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of real estate through assumption of debt</link:label>
    <link:label id="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172_label_en-US" xlink:label="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Of Real Estate Through Assumption of Debt</link:label>
    <link:label id="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172_documentation_en-US" xlink:label="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition Of Real Estate Through Assumption of Debt</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_AcquisitionOfRealEstateThroughAssumptionOfDebt" xlink:label="loc_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172" xlink:to="lab_akr_AcquisitionOfRealEstateThroughAssumptionOfDebt_E6E5B16658319841917E6D58179E4172" xlink:type="arc" />
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC_terseLabel_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of real estate through issuance of OP Units</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC_label_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Real Estate Assets Acquired Through Issuance of Units</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC_documentation_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Real Estate Assets Acquired Through Issuance of Units</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits" xlink:label="loc_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC" xlink:to="lab_akr_NoncashorPartNoncashAcquisitionRealEstateAssetsAcquiredThroughIssuanceofUnits_45CED8CB7A1C38CB58E26D58179E49EC" xlink:type="arc" />
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366_terseLabel_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of capital lease obligation</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366_label_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Assumption of Capital Lease Obligation</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366_documentation_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Assumption of Capital Lease Obligation</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation" xlink:label="loc_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366" xlink:to="lab_akr_NoncashorPartNoncashAcquisitionAssumptionofCapitalLeaseObligation_9AED86957F396392EDBB6D58179EB366" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage debt financed at time of acquisition</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Debt Assumed</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_77AC1E710DEA3FBF7FDD6D58179E3768" xlink:type="arc" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_41AF002341A34009A6916D58179E23A5" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_41AF002341A34009A6916D58179E23A5" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assumption of prepaid expenses and other assets through acquisition of real estate</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Other Assets Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_37591162E813EB3A04FE6D58179E5B2C" xlink:type="arc" />
    <link:label id="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1_negatedLabel_en-US" xlink:label="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposition of air rights through issuance of notes receivable</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1_label_en-US" xlink:label="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Divestiture, Consideration Received for Air Rights</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1_documentation_en-US" xlink:label="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Divestiture, Consideration Received for Air Rights</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights" xlink:label="loc_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1" xlink:to="lab_akr_NoncashorPartNoncashDivestitureConsiderationReceivedforAirRights_3470EEB72C8B0EB904C46D58179E65F1" xlink:type="arc" />
    <link:label id="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78_negatedTerseLabel_en-US" xlink:label="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of real estate through assumption of restricted cash</link:label>
    <link:label id="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78_label_en-US" xlink:label="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash Or Part Noncash Acquisition Restricted Cash</link:label>
    <link:label id="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78_documentation_en-US" xlink:label="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash Or Part Noncash Acquisition Restricted Cash</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_NoncashOrPartNoncashAcquisitionRestrictedCash" xlink:label="loc_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78" xlink:to="lab_akr_NoncashOrPartNoncashAcquisitionRestrictedCash_4031EA1A3733E26411AF6D58179E9E78" xlink:type="arc" />
    <link:label id="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745_terseLabel_en-US" xlink:label="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of real estate through conversion of notes receivable</link:label>
    <link:label id="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745_label_en-US" xlink:label="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion of Note Receivable to Acquire Real Estate</link:label>
    <link:label id="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745_documentation_en-US" xlink:label="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Conversion of Note Receivable to Acquire Real Estate</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_ConversionOfNoteReceivableToAcquireRealEstate" xlink:label="loc_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745" xlink:to="lab_akr_ConversionOfNoteReceivableToAcquireRealEstate_1DC41C84A665468228216D58179EB745" xlink:type="arc" />
    <link:label id="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A_negatedLabel_en-US" xlink:label="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposition of real estate through forgiveness of debt</link:label>
    <link:label id="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A_label_en-US" xlink:label="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal of Real Estate Through Cancellation of Debt</link:label>
    <link:label id="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A_documentation_en-US" xlink:label="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disposal of Real Estate Through Cancellation of Debt</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_DisposalofRealEstateThroughCancellationofDebt" xlink:label="loc_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A" xlink:to="lab_akr_DisposalofRealEstateThroughCancellationofDebt_0191632C219CDA12B9526D58179E546A" xlink:type="arc" />
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8_terseLabel_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in and advances to unconsolidated affiliates through issuance of OP Units</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8_label_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Equity Method Investments Acquired Through Issuance Of Units</link:label>
    <link:label id="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8_documentation_en-US" xlink:label="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Equity Method Investments Acquired Through Issuance Of Units</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits" xlink:label="loc_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8" xlink:to="lab_akr_NoncashorPartNoncashAcquisitionEquityMethodInvestmentsAcquiredThroughIssuanceOfUnits_AB632FDF5F6CA6D71BF06D58179E59F8" xlink:type="arc" />
    <link:label id="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4_terseLabel_en-US" xlink:label="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in control of previously consolidated investment</link:label>
    <link:label id="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4_label_en-US" xlink:label="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of interest in unconsolidated affiliate: [Abstract]</link:label>
    <link:label id="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4_documentation_en-US" xlink:label="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US" />
    <link:loc xlink:href="akr-20161231.xsd#akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract" xlink:label="loc_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4" xlink:to="lab_akr_AcquisitionOfInterestInUnconsolidatedAffiliateAbstract_0413DBF050F91A2F32FC6D58179EAEF4" xlink:type="arc" />
    <link:label id="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60_negatedTerseLabel_en-US" xlink:label="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Real estate, net</link:label>
    <link:label id="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60_label_en-US" xlink:label="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest In Previously Unconsolidated Affiliate Real Estate Net</link:label>
    <link:label id="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60_documentation_en-US" xlink:label="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest In Previously Unconsolidated Affiliate Real Estate Net</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet" xlink:label="loc_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60" xlink:to="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet_C6F855D4586B8923162C6D58179E4C60" xlink:type="arc" />
    <link:label id="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A_negatedTerseLabel_en-US" xlink:label="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investments in and advances to unconsolidated affiliates</link:label>
    <link:label id="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A_label_en-US" xlink:label="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest in Previously Unconsolidated Affiliate Return of Capital</link:label>
    <link:label id="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A_documentation_en-US" xlink:label="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest in Previously Unconsolidated Affiliate Return of Capital</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital" xlink:label="loc_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A" xlink:to="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateReturnofCapital_F92E3AB929530B7B52EC6D58179EE80A" xlink:type="arc" />
    <link:label id="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15_negatedTerseLabel_en-US" xlink:label="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other assets and liabilities</link:label>
    <link:label id="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15_label_en-US" xlink:label="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest In Previously Unconsolidated Affiliate Other Assets And Liabilities1</link:label>
    <link:label id="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15_documentation_en-US" xlink:label="lab_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest In Previously Unconsolidated Affiliate Other Assets And Liabilities1</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1" xlink:label="loc_akr_InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities1_2FA531B77087D2962EE46D58179E0E15" xlink:type="locator" />
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    <link:label id="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateNoncontrollingInterest1_61C9BE6CCA5CEBBD603F6D58179E41B8_negatedTerseLabel_en-US" xlink:label="lab_akr_InterestinPreviouslyUnconsolidatedAffiliateNoncontrollingInterest1_61C9BE6CCA5CEBBD603F6D58179E41B8" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling interest</link:label>
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    <link:label id="lab_akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock_8532A1BB31E067FF17D63F1A3DE5328A_documentation_en-US" xlink:label="lab_akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock_8532A1BB31E067FF17D63F1A3DE5328A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock" xlink:label="loc_akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock_8532A1BB31E067FF17D63F1A3DE5328A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LeasesAbstract_D8C5CFF4DCD044D8144442C8F992B568_label_en-US" xlink:label="lab_us-gaap_LeasesAbstract_D8C5CFF4DCD044D8144442C8F992B568" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="loc_us-gaap_LeasesAbstract_D8C5CFF4DCD044D8144442C8F992B568" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeasesAbstract_D8C5CFF4DCD044D8144442C8F992B568" xlink:to="lab_us-gaap_LeasesAbstract_D8C5CFF4DCD044D8144442C8F992B568" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable [Abstract]</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_96149AFB7A70A570E69542C8F9927C82" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_AF1C7351702AFCB3122142C8F9921265" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Two Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_6E812A109AA5F3A14C3842C8F992DB12" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Three Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_556704C45D6548D8272E42C8F99264A6" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Four Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_79689E407C2894C9296642C8F9922407" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Five Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_D5E9D0888D110A46220B42C8F99211BF" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, Thereafter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_97A7E63F7F3CFD8AA4A442C8F992ABDD" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_F311C859A1BC2B3395A142C8F992F61A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_F13C1A6023178A701F0542D4A58B09CC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Next Twelve Months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_81ED6007CB575CA1080A42D87695181D" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Two Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_157B81ED339C5AF1BE8F42D8769C62C9" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_33ACE681DF69A9BF8B2A42D876A1444D_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_33ACE681DF69A9BF8B2A42D876A1444D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_33ACE681DF69A9BF8B2A42D876A1444D_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_33ACE681DF69A9BF8B2A42D876A1444D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Three Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_33ACE681DF69A9BF8B2A42D876A1444D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateHeldforsale_3FCCD8D816AADBD801316C55E7F0332C_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateHeldforsale_3FCCD8D816AADBD801316C55E7F0332C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Properties held-for-sale</link:label>
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    <link:label id="lab_akr_NumberofPropertiesHeldforSale_54689C2361E7BCEB61E06C55E7F0E08A_terseLabel_en-US" xlink:label="lab_akr_NumberofPropertiesHeldforSale_54689C2361E7BCEB61E06C55E7F0E08A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of properties held-for-sale</link:label>
    <link:label id="lab_akr_NumberofPropertiesHeldforSale_54689C2361E7BCEB61E06C55E7F0E08A_label_en-US" xlink:label="lab_akr_NumberofPropertiesHeldforSale_54689C2361E7BCEB61E06C55E7F0E08A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Properties Held for Sale</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_NumberofPropertiesHeldforSale" xlink:label="loc_akr_NumberofPropertiesHeldforSale_54689C2361E7BCEB61E06C55E7F0E08A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstate_88BF022C0BD705EB130F6C7B4978F713_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstate_88BF022C0BD705EB130F6C7B4978F713" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans on real estate</link:label>
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    <link:label id="lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_EE4907DB9F3CCA32D3C16C81E2A9A5D9_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_EE4907DB9F3CCA32D3C16C81E2A9A5D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent</link:label>
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    <link:label id="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_D5ECDEC6824DCDC41C7B6C55E7A4CC34_label_en-US" xlink:label="lab_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_D5ECDEC6824DCDC41C7B6C55E7A4CC34" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</link:label>
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    <link:label id="lab_us-gaap_OtherAssetsUnclassifiedAbstract_4F39A7169FE8465E7B9C6C55E7A44598_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsUnclassifiedAbstract_4F39A7169FE8465E7B9C6C55E7A44598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets, net:</link:label>
    <link:label id="lab_us-gaap_OtherAssetsUnclassifiedAbstract_4F39A7169FE8465E7B9C6C55E7A44598_label_en-US" xlink:label="lab_us-gaap_OtherAssetsUnclassifiedAbstract_4F39A7169FE8465E7B9C6C55E7A44598" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Unclassified [Abstract]</link:label>
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    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_7900E6B1FE7A0FA744FB6C55E7A4208F_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet_7900E6B1FE7A0FA744FB6C55E7A4208F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease intangibles, net (Note 6)</link:label>
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    <link:label id="lab_us-gaap_DeferredCostsLeasingNet_07F9B31AAE7270856D9E6C55E7A4B191_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredCostsLeasingNet_07F9B31AAE7270856D9E6C55E7A4B191" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred charges, net</link:label>
    <link:label id="lab_us-gaap_DeferredCostsLeasingNet_07F9B31AAE7270856D9E6C55E7A4B191_label_en-US" xlink:label="lab_us-gaap_DeferredCostsLeasingNet_07F9B31AAE7270856D9E6C55E7A4B191" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs, Leasing, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCostsLeasingNet" xlink:label="loc_us-gaap_DeferredCostsLeasingNet_07F9B31AAE7270856D9E6C55E7A4B191" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PrepaidExpenseCurrentAndNoncurrent_7CF8E3DB63F2BF18DDF26C55E7A407F3_terseLabel_en-US" xlink:label="lab_us-gaap_PrepaidExpenseCurrentAndNoncurrent_7CF8E3DB63F2BF18DDF26C55E7A407F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
    <link:label id="lab_us-gaap_PrepaidExpenseCurrentAndNoncurrent_7CF8E3DB63F2BF18DDF26C55E7A407F3_label_en-US" xlink:label="lab_us-gaap_PrepaidExpenseCurrentAndNoncurrent_7CF8E3DB63F2BF18DDF26C55E7A407F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent" xlink:label="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_7CF8E3DB63F2BF18DDF26C55E7A407F3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherReceivables_2F230637E89CCE699F126C55E7A4E187_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_2F230637E89CCE699F126C55E7A4E187" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
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    <link:label id="lab_us-gaap_InterestReceivable_89359324E3A8F6252DF06C55E7A4E737_terseLabel_en-US" xlink:label="lab_us-gaap_InterestReceivable_89359324E3A8F6252DF06C55E7A4E737" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest receivable</link:label>
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    <link:label id="lab_us-gaap_DepositsAssets_B787B1EBFC91B51B9EA56C55E7A46E09_terseLabel_en-US" xlink:label="lab_us-gaap_DepositsAssets_B787B1EBFC91B51B9EA56C55E7A46E09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_us-gaap_DepositsAssets_B787B1EBFC91B51B9EA56C55E7A46E09_label_en-US" xlink:label="lab_us-gaap_DepositsAssets_B787B1EBFC91B51B9EA56C55E7A46E09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits Assets</link:label>
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    <link:label id="lab_us-gaap_DueFromAffiliateNoncurrent_9C0958C3A35C9741BAF66CA3B6C533D5_terseLabel_en-US" xlink:label="lab_us-gaap_DueFromAffiliateNoncurrent_9C0958C3A35C9741BAF66CA3B6C533D5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from seller</link:label>
    <link:label id="lab_us-gaap_DueFromAffiliateNoncurrent_9C0958C3A35C9741BAF66CA3B6C533D5_label_en-US" xlink:label="lab_us-gaap_DueFromAffiliateNoncurrent_9C0958C3A35C9741BAF66CA3B6C533D5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due from Affiliate, Noncurrent</link:label>
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    <link:label id="lab_us-gaap_MaterialsSuppliesAndOther_478BB5D4728339E0765E6C55E7A52ECB_label_en-US" xlink:label="lab_us-gaap_MaterialsSuppliesAndOther_478BB5D4728339E0765E6C55E7A52ECB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Materials, Supplies, and Other</link:label>
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    <link:label id="lab_us-gaap_IncomeTaxReceivable_409B38FB32F6FC884EAC6C55E7A5815A_label_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_409B38FB32F6FC884EAC6C55E7A5815A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReceivable" xlink:label="loc_us-gaap_IncomeTaxReceivable_409B38FB32F6FC884EAC6C55E7A5815A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherAssets_5C4CE32259AFE6774C926C55E7A5F2CF_label_en-US" xlink:label="lab_us-gaap_OtherAssets_5C4CE32259AFE6774C926C55E7A5F2CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
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    <link:label id="lab_us-gaap_DeferredCostsAbstract_D112443A99D6EDD8D0CE6C55E7A5F952_label_en-US" xlink:label="lab_us-gaap_DeferredCostsAbstract_D112443A99D6EDD8D0CE6C55E7A5F952" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs [Abstract]</link:label>
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    <link:label id="lab_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632_terseLabel_en-US" xlink:label="lab_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred leasing and other costs</link:label>
    <link:label id="lab_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632_label_en-US" xlink:label="lab_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Leasing and Other Costs</link:label>
    <link:label id="lab_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632_documentation_en-US" xlink:label="lab_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Leasing and Other Costs</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_DeferredLeasingAndOtherCosts" xlink:label="loc_akr_DeferredLeasingAndOtherCosts_AC32931AA69CF6B364446C55E7A55632" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredFinanceCostsGross_44F7161187F17106D66D6C55E7A5CF5D_label_en-US" xlink:label="lab_us-gaap_DeferredFinanceCostsGross_44F7161187F17106D66D6C55E7A5CF5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Issuance Costs, Gross</link:label>
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    <link:label id="lab_akr_DeferredCostsGross_CF41BC9FCD699F8542E76C55E7A5945B_documentation_en-US" xlink:label="lab_akr_DeferredCostsGross_CF41BC9FCD699F8542E76C55E7A5945B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Costs, Gross</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_DeferredCostsGross" xlink:label="loc_akr_DeferredCostsGross_CF41BC9FCD699F8542E76C55E7A5945B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredCostsCurrentAndNoncurrent_B6A36157E6143D6257376C55E7A5C9E9_label_en-US" xlink:label="lab_us-gaap_DeferredCostsCurrentAndNoncurrent_B6A36157E6143D6257376C55E7A5C9E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs</link:label>
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    <link:label id="lab_us-gaap_OtherLiabilitiesUnclassifiedAbstract_5F347B7E9D99C8DAC5DD6C55E7A5B765_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesUnclassifiedAbstract_5F347B7E9D99C8DAC5DD6C55E7A5B765" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities, Unclassified [Abstract]</link:label>
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    <link:label id="lab_us-gaap_BelowMarketLeaseNet_07F7D57A78C0DCF1D3FC6C55E7A50BFE_terseLabel_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseNet_07F7D57A78C0DCF1D3FC6C55E7A50BFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease intangibles, net (Note 6)</link:label>
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    <link:label id="lab_akr_NumberofExecutivesRetiredDuringPeriod_3339CFB65E79F97DE3826C55E6E21B38_terseLabel_en-US" xlink:label="lab_akr_NumberofExecutivesRetiredDuringPeriod_3339CFB65E79F97DE3826C55E6E21B38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of executives retired during period</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_NumberofExecutivesRetiredDuringPeriod" xlink:label="loc_akr_NumberofExecutivesRetiredDuringPeriod_3339CFB65E79F97DE3826C55E6E21B38" xlink:type="locator" />
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    <link:label id="lab_akr_LongTermIncentiveAndShareBasedCompensationExpense_A9F13F27476E868B11A26C55E6E2E759_netLabel_en-US" xlink:label="lab_akr_LongTermIncentiveAndShareBasedCompensationExpense_A9F13F27476E868B11A26C55E6E2E759" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Unit based compensation</link:label>
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    <link:label id="lab_akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate_C0CD77852FF88204987F6C55E6E29FA3_terseLabel_en-US" xlink:label="lab_akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate_C0CD77852FF88204987F6C55E6E29FA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares granted to trustees for trustee fees vesting on one year anniversary of grant date</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_ColoniePlazaMember" xlink:label="loc_akr_ColoniePlazaMember_AA6C8CABB8CA0C862CEA66D36EFEA707" xlink:type="locator" />
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    <link:label id="lab_akr_A801MadisonAvenueMember_E5D207DC07ADDF0693B066D36EFEC9B9_terseLabel_en-US" xlink:label="lab_akr_A801MadisonAvenueMember_E5D207DC07ADDF0693B066D36EFEC9B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">801 Madison Avenue [Member]</link:label>
    <link:label id="lab_akr_A801MadisonAvenueMember_E5D207DC07ADDF0693B066D36EFEC9B9_label_en-US" xlink:label="lab_akr_A801MadisonAvenueMember_E5D207DC07ADDF0693B066D36EFEC9B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">801 Madison Avenue [Member]</link:label>
    <link:label id="lab_akr_A801MadisonAvenueMember_E5D207DC07ADDF0693B066D36EFEC9B9_documentation_en-US" xlink:label="lab_akr_A801MadisonAvenueMember_E5D207DC07ADDF0693B066D36EFEC9B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">801 Madison Avenue [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_1C85827D2A78F9E111ED4CC664191621" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_DBEC2145E3FFE4EAB7EC4CC6641AC897_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_DBEC2145E3FFE4EAB7EC4CC6641AC897" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Amortization Expense, Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_DBEC2145E3FFE4EAB7EC4CC6641AC897" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_DBEC2145E3FFE4EAB7EC4CC6641AC897" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_DBEC2145E3FFE4EAB7EC4CC6641AC897" xlink:type="arc" />
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    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_07CB56CC2D4BC8BF88BA4CC6641AB3F7_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_07CB56CC2D4BC8BF88BA4CC6641AB3F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Amortization Expense, after Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_07CB56CC2D4BC8BF88BA4CC6641AB3F7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_07CB56CC2D4BC8BF88BA4CC6641AB3F7" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_07CB56CC2D4BC8BF88BA4CC6641AB3F7" xlink:type="arc" />
    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763_terseLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017, Net</link:label>
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763_documentation_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets and Liabilities, Amortization Expense, Next Twelve Months</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths" xlink:label="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763" xlink:to="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseNextTwelveMonths_0539C317A5C84041611A4CC7C6C98763" xlink:type="arc" />
    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearTwo_C182F64ABA8164C53A074CC8AD2D35EC_terseLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearTwo_C182F64ABA8164C53A074CC8AD2D35EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018, Net</link:label>
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearTwo_C182F64ABA8164C53A074CC8AD2D35EC_documentation_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearTwo_C182F64ABA8164C53A074CC8AD2D35EC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets and Liabilities, Amortization Expense, Year Two</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearTwo" xlink:label="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearTwo_C182F64ABA8164C53A074CC8AD2D35EC" xlink:type="locator" />
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB_terseLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019, Net</link:label>
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB_documentation_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets and Liabilities, Amortization Expense, Year Three</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree" xlink:label="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB" xlink:to="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearThree_E33D0E64B07F2749F8E14CC97B29BADB" xlink:type="arc" />
    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFour_409EFD8110D00F13DEF44CCA210DDEA6_terseLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFour_409EFD8110D00F13DEF44CCA210DDEA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020, Net</link:label>
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFour_409EFD8110D00F13DEF44CCA210DDEA6_documentation_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFour_409EFD8110D00F13DEF44CCA210DDEA6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets and Liabilities, Amortization Expense, Year Four</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFour" xlink:label="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFour_409EFD8110D00F13DEF44CCA210DDEA6" xlink:type="locator" />
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFive_819D0663A2997718AB514CCADD54C209_terseLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFive_819D0663A2997718AB514CCADD54C209" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021, Net</link:label>
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFive_819D0663A2997718AB514CCADD54C209_documentation_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFive_819D0663A2997718AB514CCADD54C209" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets and Liabilities, Amortization Expense, Year Five</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFive" xlink:label="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseYearFive_819D0663A2997718AB514CCADD54C209" xlink:type="locator" />
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseafterYearFive_0F6862D2E00252CD73954CCBC21B931F_terseLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseafterYearFive_0F6862D2E00252CD73954CCBC21B931F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter, Net</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseafterYearFive" xlink:label="loc_akr_FiniteLivedIntangibleAssetsandLiabilitiesAmortizationRevenueExpenseafterYearFive_0F6862D2E00252CD73954CCBC21B931F" xlink:type="locator" />
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsLiabilitiesNet_3D7C38D4B6E1CD41D3CB4CC6641CD87E_totalLabel_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsLiabilitiesNet_3D7C38D4B6E1CD41D3CB4CC6641CD87E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
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    <link:label id="lab_akr_FiniteLivedIntangibleAssetsLiabilitiesNet_3D7C38D4B6E1CD41D3CB4CC6641CD87E_documentation_en-US" xlink:label="lab_akr_FiniteLivedIntangibleAssetsLiabilitiesNet_3D7C38D4B6E1CD41D3CB4CC6641CD87E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets (Liabilities), Net</link:label>
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    <link:label id="lab_akr_MerrillvillePlazaMember_869072673059310F3EC74CF3636C64DB_terseLabel_en-US" xlink:label="lab_akr_MerrillvillePlazaMember_869072673059310F3EC74CF3636C64DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merrillville Plaza [Member]</link:label>
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    <link:label id="lab_akr_MarketplaceOfAbseconMember_F2F4E9B857298339F3C04CF3636C1DA4_label_en-US" xlink:label="lab_akr_MarketplaceOfAbseconMember_F2F4E9B857298339F3C04CF3636C1DA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Marketplace of Absecon [Member]</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_MarketplaceOfAbseconMember" xlink:label="loc_akr_MarketplaceOfAbseconMember_F2F4E9B857298339F3C04CF3636C1DA4" xlink:type="locator" />
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    <link:label id="lab_akr_A239GreenwichAvenueMember_BBB8A1F27C2D2D7827694CF3636C4FC1_terseLabel_en-US" xlink:label="lab_akr_A239GreenwichAvenueMember_BBB8A1F27C2D2D7827694CF3636C4FC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">239 Greenwich Avenue [Member]</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_HobsonWestPlazaMember" xlink:label="loc_akr_HobsonWestPlazaMember_18766630E47B6E5460664CF3636C9078" xlink:type="locator" />
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    <link:label id="lab_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA_terseLabel_en-US" xlink:label="lab_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Village Commons Shopping Center [Member]</link:label>
    <link:label id="lab_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA_label_en-US" xlink:label="lab_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Village Commons Shopping Center [Member]</link:label>
    <link:label id="lab_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA_documentation_en-US" xlink:label="lab_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Village Commons Shopping Center [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_VillageCommonsShoppingCenterMember" xlink:label="loc_akr_VillageCommonsShoppingCenterMember_F2C7CDB6220B9EB8442F4CF3636C33DA" xlink:type="locator" />
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    <link:label id="lab_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A_label_en-US" xlink:label="lab_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Town Line Plaza [Member]</link:label>
    <link:label id="lab_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A_documentation_en-US" xlink:label="lab_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Town Line Plaza [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_TownLinePlazaMember" xlink:label="loc_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A" xlink:to="lab_akr_TownLinePlazaMember_4137CA8DC92FD01A31CE4CF3636C103A" xlink:type="arc" />
    <link:label id="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB_terseLabel_en-US" xlink:label="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Branch Shopping Center [Member]</link:label>
    <link:label id="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB_label_en-US" xlink:label="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Branch Shopping Center [Member]</link:label>
    <link:label id="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB_documentation_en-US" xlink:label="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Branch Shopping Center [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_BranchShoppingCenterMember" xlink:label="loc_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB" xlink:to="lab_akr_BranchShoppingCenterMember_81D0B55C70A6A473B5AF4CF3636C0FFB" xlink:type="arc" />
    <link:label id="lab_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5_terseLabel_en-US" xlink:label="lab_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">The Methuen Shopping Center [Member]</link:label>
    <link:label id="lab_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5_label_en-US" xlink:label="lab_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Methuen Shopping Center [Member]</link:label>
    <link:label id="lab_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5_documentation_en-US" xlink:label="lab_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Methuen Shopping Center [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_MethuenShoppingCenterMember" xlink:label="loc_akr_MethuenShoppingCenterMember_DE81A0FB245B51B161DD4CF3636CC9F5" xlink:type="locator" />
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    <link:label id="lab_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F_terseLabel_en-US" xlink:label="lab_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">The Gateway Shopping Center [Member]</link:label>
    <link:label id="lab_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F_label_en-US" xlink:label="lab_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Gateway Shopping Center [Member]</link:label>
    <link:label id="lab_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F_documentation_en-US" xlink:label="lab_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Gateway Shopping Center [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_GatewayShoppingCenterMember" xlink:label="loc_akr_GatewayShoppingCenterMember_18AD95BE7214B2C2068C4CF3636CD20F" xlink:type="locator" />
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    <link:loc xlink:href="akr-20161231.xsd#akr_MadRiverStationMember" xlink:label="loc_akr_MadRiverStationMember_593166C1849E7E3FF0994CF3636CCDB1" xlink:type="locator" />
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    <link:label id="lab_akr_PacesetterParkShoppingCenterMember_40D609386B3BF784C5414CF3636C4021_documentation_en-US" xlink:label="lab_akr_PacesetterParkShoppingCenterMember_40D609386B3BF784C5414CF3636C4021" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pacesetter Park Shopping Center [Member]</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_WestShoreExpresswayMember" xlink:label="loc_akr_WestShoreExpresswayMember_F56D4C382572B73E7C234CF3636D061B" xlink:type="locator" />
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    <link:label id="lab_akr_West54ThStreetMember_78ED521BBE6973A0602D4CF3636D74C4_terseLabel_en-US" xlink:label="lab_akr_West54ThStreetMember_78ED521BBE6973A0602D4CF3636D74C4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">West 54th Street [Member]</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_West54ThStreetMember" xlink:label="loc_akr_West54ThStreetMember_78ED521BBE6973A0602D4CF3636D74C4" xlink:type="locator" />
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    <link:label id="lab_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4_terseLabel_en-US" xlink:label="lab_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acadia 5-7 East 17th Street [Member]</link:label>
    <link:label id="lab_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4_label_en-US" xlink:label="lab_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acadia 5-7 East 17th Street [Member]</link:label>
    <link:label id="lab_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4_documentation_en-US" xlink:label="lab_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acadia 5-7 East 17th Street [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_Acadia57East17ThStreetMember" xlink:label="loc_akr_Acadia57East17ThStreetMember_82F04BC0C33D30C55CAF4CF3636DF6E4" xlink:type="locator" />
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    <link:label id="lab_akr_A1520NorthMilwaukeeAvenueMember_29767918EBC946686F914CF3636DC18D_terseLabel_en-US" xlink:label="lab_akr_A1520NorthMilwaukeeAvenueMember_29767918EBC946686F914CF3636DC18D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1520 North Milwaukee Avenue [Member]</link:label>
    <link:label id="lab_akr_A1520NorthMilwaukeeAvenueMember_29767918EBC946686F914CF3636DC18D_label_en-US" xlink:label="lab_akr_A1520NorthMilwaukeeAvenueMember_29767918EBC946686F914CF3636DC18D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">1520 North Milwaukee Avenue [Member]</link:label>
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    <link:loc xlink:href="akr-20161231.xsd#akr_ThreeThreeZeroRiverStreetMember" xlink:label="loc_akr_ThreeThreeZeroRiverStreetMember_CFBEEC55CACB035BFCC74CF3636D2BBD" xlink:type="locator" />
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    <link:label id="lab_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567_terseLabel_en-US" xlink:label="lab_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rhode Island Place Shopping Center [Member]</link:label>
    <link:label id="lab_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567_label_en-US" xlink:label="lab_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rhode Island Place Shopping Center [Member]</link:label>
    <link:label id="lab_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567_documentation_en-US" xlink:label="lab_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rhode Island Place Shopping Center [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_RhodeIslandPlaceShoppingCenterMember" xlink:label="loc_akr_RhodeIslandPlaceShoppingCenterMember_60148973A166F56441CB4CF3636D5567" xlink:type="locator" />
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    <link:label id="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E_terseLabel_en-US" xlink:label="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">930 Rush Street [Member]</link:label>
    <link:label id="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E_label_en-US" xlink:label="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nine Thirty Rush Street [Member]</link:label>
    <link:label id="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E_documentation_en-US" xlink:label="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nine Thirty Rush Street [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_NineThirtyRushStreetMember" xlink:label="loc_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E" xlink:to="lab_akr_NineThirtyRushStreetMember_C78AAC454F5447DB753B4CF3636D8B1E" xlink:type="arc" />
    <link:label id="lab_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F_terseLabel_en-US" xlink:label="lab_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">28 Jericho Turnpike [Member]</link:label>
    <link:label id="lab_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F_label_en-US" xlink:label="lab_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Twenty Eight Jericho Turnpike [Member]</link:label>
    <link:label id="lab_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F_documentation_en-US" xlink:label="lab_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Twenty Eight Jericho Turnpike [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_TwentyEightJerichoTurnpikeMember" xlink:label="loc_akr_TwentyEightJerichoTurnpikeMember_3D415B25B167D5433A714CF3636D371F" xlink:type="locator" />
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    <link:label id="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80_terseLabel_en-US" xlink:label="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">181 Main Street [Member]</link:label>
    <link:label id="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80_label_en-US" xlink:label="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Eighty One Main Street [Member]</link:label>
    <link:label id="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80_documentation_en-US" xlink:label="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Eighty One Main Street [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_OneEightyOneMainStreetMember" xlink:label="loc_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80" xlink:to="lab_akr_OneEightyOneMainStreetMember_7DED9A9B74207AF110F04CF3636D5B80" xlink:type="arc" />
    <link:label id="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491_terseLabel_en-US" xlink:label="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">83 Spring Street [Member]</link:label>
    <link:label id="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491_label_en-US" xlink:label="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eighty Three Spring Street [Member]</link:label>
    <link:label id="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491_documentation_en-US" xlink:label="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Eighty Three Spring Street [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_EightyThreeSpringStreetMember" xlink:label="loc_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491" xlink:to="lab_akr_EightyThreeSpringStreetMember_FDF03FC944BA30FF2F354CF3636DD491" xlink:type="arc" />
    <link:label id="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60_terseLabel_en-US" xlink:label="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">60 Orange Street [Member]</link:label>
    <link:label id="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60_label_en-US" xlink:label="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sixty Orange Street [Member]</link:label>
    <link:label id="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60_documentation_en-US" xlink:label="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sixty Orange Street [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_SixtyOrangeStreetMember" xlink:label="loc_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60" xlink:to="lab_akr_SixtyOrangeStreetMember_034D92954E731279D8544CF3636DEA60" xlink:type="arc" />
    <link:label id="lab_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E_terseLabel_en-US" xlink:label="lab_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">171-53 and 181-03 Connecticut Avenue [Member]</link:label>
    <link:label id="lab_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E_label_en-US" xlink:label="lab_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Seventy Nine Dash Fifty Three and One Eight Zero One Dash Zero Three Connecticut Avenue [Member]</link:label>
    <link:label id="lab_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E_documentation_en-US" xlink:label="lab_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Seventy Nine Dash Fifty Three and One Eight Zero One Dash Zero Three Connecticut Avenue [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember" xlink:label="loc_akr_OneSeventyNineDashFiftyThreeAndOneEightZeroOneDashZeroThreeConnecticutAvenueMember_6ADF5B5C8FB5973EA1B04CF3636D337E" xlink:type="locator" />
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    <link:label id="lab_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B_terseLabel_en-US" xlink:label="lab_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">639 West Diversey [Member]</link:label>
    <link:label id="lab_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B_label_en-US" xlink:label="lab_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Six Three Nine West Diversey [Member]</link:label>
    <link:label id="lab_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B_documentation_en-US" xlink:label="lab_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Six Three Nine West Diversey [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_SixThreeNineWestDiverseyMember" xlink:label="loc_akr_SixThreeNineWestDiverseyMember_55894DDC4743732822C74CF3636EF27B" xlink:type="locator" />
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    <link:label id="lab_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94_terseLabel_en-US" xlink:label="lab_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">664 North Michigan Avenue [Member]</link:label>
    <link:label id="lab_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94_label_en-US" xlink:label="lab_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">664 North Michigan Avenue [Member]</link:label>
    <link:label id="lab_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94_documentation_en-US" xlink:label="lab_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">664 North Michigan Avenue [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_A664NorthMichiganAvenueMember" xlink:label="loc_akr_A664NorthMichiganAvenueMember_CE5E7441845AD4344C234CF3636E1B94" xlink:type="locator" />
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    <link:label id="lab_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302_terseLabel_en-US" xlink:label="lab_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">8-12 East Walton [Member]</link:label>
    <link:label id="lab_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302_label_en-US" xlink:label="lab_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eight-Twelve East Walton [Member]</link:label>
    <link:label id="lab_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302_documentation_en-US" xlink:label="lab_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Eight-Twelve East Walton [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_EightTwelveEastWaltonMember" xlink:label="loc_akr_EightTwelveEastWaltonMember_6C2E96245F77088C20484CF3636EB302" xlink:type="locator" />
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    <link:label id="lab_akr_ThirtyTwoHundredToThirtyTwoZeroFourMStreetMember_C95FA6D32142A7098B824CF3636E9250_terseLabel_en-US" xlink:label="lab_akr_ThirtyTwoHundredToThirtyTwoZeroFourMStreetMember_C95FA6D32142A7098B824CF3636E9250" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3200 - 3204 M Street [Member]</link:label>
    <link:label id="lab_akr_ThirtyTwoHundredToThirtyTwoZeroFourMStreetMember_C95FA6D32142A7098B824CF3636E9250_label_en-US" xlink:label="lab_akr_ThirtyTwoHundredToThirtyTwoZeroFourMStreetMember_C95FA6D32142A7098B824CF3636E9250" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Thirty Two Hundred To Thirty Two Zero Four M Street [Member]</link:label>
    <link:label id="lab_akr_ThirtyTwoHundredToThirtyTwoZeroFourMStreetMember_C95FA6D32142A7098B824CF3636E9250_documentation_en-US" xlink:label="lab_akr_ThirtyTwoHundredToThirtyTwoZeroFourMStreetMember_C95FA6D32142A7098B824CF3636E9250" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Thirty Two Hundred To Thirty Two Zero Four M Street [Member]</link:label>
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    <link:label id="lab_akr_EightSixEightBroadwayMember_1B4CE13EAECDF5080A0D4CF3636E6846_terseLabel_en-US" xlink:label="lab_akr_EightSixEightBroadwayMember_1B4CE13EAECDF5080A0D4CF3636E6846" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">868 Broadway [Member]</link:label>
    <link:label id="lab_akr_EightSixEightBroadwayMember_1B4CE13EAECDF5080A0D4CF3636E6846_label_en-US" xlink:label="lab_akr_EightSixEightBroadwayMember_1B4CE13EAECDF5080A0D4CF3636E6846" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eight Six Eight Broadway [Member]</link:label>
    <link:label id="lab_akr_EightSixEightBroadwayMember_1B4CE13EAECDF5080A0D4CF3636E6846_documentation_en-US" xlink:label="lab_akr_EightSixEightBroadwayMember_1B4CE13EAECDF5080A0D4CF3636E6846" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Eight Six Eight Broadway [Member]</link:label>
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    <link:label id="lab_akr_ThreeOneThreetoThreeOneFiveBoweryMember_1EE7A84DE085BDBE4B154CF3636EA7F9_label_en-US" xlink:label="lab_akr_ThreeOneThreetoThreeOneFiveBoweryMember_1EE7A84DE085BDBE4B154CF3636EA7F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three One Three to Three One Five Bowery [Member]</link:label>
    <link:label id="lab_akr_ThreeOneThreetoThreeOneFiveBoweryMember_1EE7A84DE085BDBE4B154CF3636EA7F9_documentation_en-US" xlink:label="lab_akr_ThreeOneThreetoThreeOneFiveBoweryMember_1EE7A84DE085BDBE4B154CF3636EA7F9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Three One Three to Three One Five Bowery [Member]</link:label>
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    <link:label id="lab_akr_OneTwentyWestBroadwayMember_3F7CF192E957E03ABFA14CF3636E7FCA_terseLabel_en-US" xlink:label="lab_akr_OneTwentyWestBroadwayMember_3F7CF192E957E03ABFA14CF3636E7FCA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">120 West Broadway [Member]</link:label>
    <link:label id="lab_akr_OneTwentyWestBroadwayMember_3F7CF192E957E03ABFA14CF3636E7FCA_label_en-US" xlink:label="lab_akr_OneTwentyWestBroadwayMember_3F7CF192E957E03ABFA14CF3636E7FCA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Twenty West Broadway [Member]</link:label>
    <link:label id="lab_akr_OneTwentyWestBroadwayMember_3F7CF192E957E03ABFA14CF3636E7FCA_documentation_en-US" xlink:label="lab_akr_OneTwentyWestBroadwayMember_3F7CF192E957E03ABFA14CF3636E7FCA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Twenty West Broadway [Member]</link:label>
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    <link:label id="lab_akr_ElevenEastWaltonMember_D677B45114F8099274704CF3636EFD61_terseLabel_en-US" xlink:label="lab_akr_ElevenEastWaltonMember_D677B45114F8099274704CF3636EFD61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">11 East Walton [Member]</link:label>
    <link:label id="lab_akr_ElevenEastWaltonMember_D677B45114F8099274704CF3636EFD61_label_en-US" xlink:label="lab_akr_ElevenEastWaltonMember_D677B45114F8099274704CF3636EFD61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eleven East Walton [Member]</link:label>
    <link:label id="lab_akr_ElevenEastWaltonMember_D677B45114F8099274704CF3636EFD61_documentation_en-US" xlink:label="lab_akr_ElevenEastWaltonMember_D677B45114F8099274704CF3636EFD61" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Eleven East Walton [Member]</link:label>
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    <link:label id="lab_akr_SixtyOneMainStreetMember_4FA0C706EBFBE3A92EAD4CF3636E5CD2_terseLabel_en-US" xlink:label="lab_akr_SixtyOneMainStreetMember_4FA0C706EBFBE3A92EAD4CF3636E5CD2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">61 Main Street [Member]</link:label>
    <link:label id="lab_akr_SixtyOneMainStreetMember_4FA0C706EBFBE3A92EAD4CF3636E5CD2_label_en-US" xlink:label="lab_akr_SixtyOneMainStreetMember_4FA0C706EBFBE3A92EAD4CF3636E5CD2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sixty One Main Street [Member]</link:label>
    <link:label id="lab_akr_SixtyOneMainStreetMember_4FA0C706EBFBE3A92EAD4CF3636E5CD2_documentation_en-US" xlink:label="lab_akr_SixtyOneMainStreetMember_4FA0C706EBFBE3A92EAD4CF3636E5CD2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sixty One Main Street [Member]</link:label>
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    <link:label id="lab_akr_EightSixFiveWestNorthAvenueMember_CF8CF6DD89574ACCABE44CF3636E9D66_terseLabel_en-US" xlink:label="lab_akr_EightSixFiveWestNorthAvenueMember_CF8CF6DD89574ACCABE44CF3636E9D66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">865 W. North Avenue [Member]</link:label>
    <link:label id="lab_akr_EightSixFiveWestNorthAvenueMember_CF8CF6DD89574ACCABE44CF3636E9D66_label_en-US" xlink:label="lab_akr_EightSixFiveWestNorthAvenueMember_CF8CF6DD89574ACCABE44CF3636E9D66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eight Six Five West North Avenue [Member]</link:label>
    <link:label id="lab_akr_EightSixFiveWestNorthAvenueMember_CF8CF6DD89574ACCABE44CF3636E9D66_documentation_en-US" xlink:label="lab_akr_EightSixFiveWestNorthAvenueMember_CF8CF6DD89574ACCABE44CF3636E9D66" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Eight Six Five West North Avenue [Member]</link:label>
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    <link:label id="lab_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154_terseLabel_en-US" xlink:label="lab_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">152 - 154 Spring Street [Member]</link:label>
    <link:label id="lab_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154_label_en-US" xlink:label="lab_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Five Two Through One Five Four Spring Street [Member]</link:label>
    <link:label id="lab_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154_documentation_en-US" xlink:label="lab_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Five Two Through One Five Four Spring Street [Member]</link:label>
    <link:loc xlink:href="akr-20161231.xsd#akr_OneFiveTwoThroughOneFiveFourSpringStreetMember" xlink:label="loc_akr_OneFiveTwoThroughOneFiveFourSpringStreetMember_DC1ED839588A4FF5EA164CF3636E1154" xlink:type="locator" />
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    <link:label id="lab_akr_TwoFiveTwoZeroFlatbushAvenueMember_7AF486AD178F7F34CED94CF3636E069E_terseLabel_en-US" xlink:label="lab_akr_TwoFiveTwoZeroFlatbushAvenueMember_7AF486AD178F7F34CED94CF3636E069E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2520 Flatbush Avenue [Member]</link:label>
    <link:label id="lab_akr_TwoFiveTwoZeroFlatbushAvenueMember_7AF486AD178F7F34CED94CF3636E069E_label_en-US" xlink:label="lab_akr_TwoFiveTwoZeroFlatbushAvenueMember_7AF486AD178F7F34CED94CF3636E069E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Five Two Zero Flatbush Avenue [Member]</link:label>
    <link:label id="lab_akr_TwoFiveTwoZeroFlatbushAvenueMember_7AF486AD178F7F34CED94CF3636E069E_documentation_en-US" xlink:label="lab_akr_TwoFiveTwoZeroFlatbushAvenueMember_7AF486AD178F7F34CED94CF3636E069E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two Five Two Zero Flatbush Avenue [Member]</link:label>
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    <link:label id="lab_akr_TwoFiveTwoThroughTwoFiveFourGreenwichAvenueMember_FFD70664C1EB2B92147B4CF3636E5474_label_en-US" xlink:label="lab_akr_TwoFiveTwoThroughTwoFiveFourGreenwichAvenueMember_FFD70664C1EB2B92147B4CF3636E5474" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Five Two Through Two Five Four Greenwich Avenue [Member]</link:label>
    <link:label id="lab_akr_TwoFiveTwoThroughTwoFiveFourGreenwichAvenueMember_FFD70664C1EB2B92147B4CF3636E5474_documentation_en-US" xlink:label="lab_akr_TwoFiveTwoThroughTwoFiveFourGreenwichAvenueMember_FFD70664C1EB2B92147B4CF3636E5474" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two Five Two Through Two Five Four Greenwich Avenue [Member]</link:label>
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    <link:label id="lab_akr_BedfordGreenMember_E5BFB905C21CEAE179A34CF3636EBA59_terseLabel_en-US" xlink:label="lab_akr_BedfordGreenMember_E5BFB905C21CEAE179A34CF3636EBA59" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bedford Green [Member]</link:label>
    <link:label id="lab_akr_BedfordGreenMember_E5BFB905C21CEAE179A34CF3636EBA59_label_en-US" xlink:label="lab_akr_BedfordGreenMember_E5BFB905C21CEAE179A34CF3636EBA59" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bedford Green [Member]</link:label>
    <link:label id="lab_akr_BedfordGreenMember_E5BFB905C21CEAE179A34CF3636EBA59_documentation_en-US" xlink:label="lab_akr_BedfordGreenMember_E5BFB905C21CEAE179A34CF3636EBA59" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bedford Green [Member]</link:label>
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    <link:label id="lab_akr_OneThreeOneThroughOneThreeFivePrinceStreetMember_6637526B0CBBAE0D62604CF3636EB12E_terseLabel_en-US" xlink:label="lab_akr_OneThreeOneThroughOneThreeFivePrinceStreetMember_6637526B0CBBAE0D62604CF3636EB12E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">131 - 135 Prince Street [Member]</link:label>
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    <link:label id="lab_akr_OneThreeOneThroughOneThreeFivePrinceStreetMember_6637526B0CBBAE0D62604CF3636EB12E_documentation_en-US" xlink:label="lab_akr_OneThreeOneThroughOneThreeFivePrinceStreetMember_6637526B0CBBAE0D62604CF3636EB12E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Three One Through One Three Five Prince Street [Member]</link:label>
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    <link:label id="lab_akr_ShopsAtGrandAvenueMember_B4CF0C7B5120367A557F4CF3636E7FCC_terseLabel_en-US" xlink:label="lab_akr_ShopsAtGrandAvenueMember_B4CF0C7B5120367A557F4CF3636E7FCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shops At Grand Avenue [Member]</link:label>
    <link:label id="lab_akr_ShopsAtGrandAvenueMember_B4CF0C7B5120367A557F4CF3636E7FCC_label_en-US" xlink:label="lab_akr_ShopsAtGrandAvenueMember_B4CF0C7B5120367A557F4CF3636E7FCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shops At Grand Avenue [Member]</link:label>
    <link:label id="lab_akr_ShopsAtGrandAvenueMember_B4CF0C7B5120367A557F4CF3636E7FCC_documentation_en-US" xlink:label="lab_akr_ShopsAtGrandAvenueMember_B4CF0C7B5120367A557F4CF3636E7FCC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Shops At Grand Avenue [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationLineItems_B76FC1211247A1F0F4454CF36371532D" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_3C61794656C438F9FB654CF363717D8E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_2B06996934A0FB2604A04CF363711A0E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_8637D0360DADB7EE24554CF363711A19_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_8637D0360DADB7EE24554CF363711A19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Initial Cost to Company of Buildings and Improvements</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_8637D0360DADB7EE24554CF363711A19" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts_8CA633639C7263E5A6B94CF363710839" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_D35C637B891EF31A98654CF3637184D7_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_D35C637B891EF31A98654CF3637184D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Amount of Land</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_D35C637B891EF31A98654CF3637184D7" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:label="loc_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_689C202ED6BF88DCE67C4CF36371CC2D" xlink:type="locator" />
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