UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of Earliest Event Reported): October 25, 2006

                               ACADIA REALTY TRUST
             (Exact name of registrant as specified in its charter)

          Maryland                       1-12002                 23-2715194
      (State or other                  (Commission            (I.R.S. Employer
jurisdiction of incorporation)         File Number)          Identification No.)


                             1311 Mamaroneck Avenue
                                    Suite 260
                          White Plains, New York 10605
               (Address of principal executive offices) (Zip Code)

                                 (914) 288-8100
              (Registrant's telephone number, including area code)

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

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425 )

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))





Item 2.02 Results of Operations and Financial Condition

On October 25, 2006, Acadia Realty Trust (the "Company") issued a press release
announcing its consolidated financial results for the quarter and nine months
ended September 30, 2006. A copy of this press release is attached to this
report on Form 8-K as Exhibit 99.1 and incorporated herein by reference. The
information included in this Item 2.02, including the information included in
Exhibit 99.1 attached hereto, is intended to be furnished solely pursuant to
this Item 2.02. and is not deemed to be "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
incorporated by reference into any filing under the Securities Act of 1933, as
amended ("Securities Act") or the Exchange Act, or otherwise subject to the
liabilities of Sections 11 and 12 (a) (2) of the Securities Act.

Item 7.01 Regulation FD Disclosure

On October 25, 2006, the Company made available supplemental information
concerning the ownership, operations and portfolio of the Company as of and for
the quarter and nine months ended September 30, 2006. A copy of this
supplemental information is attached to this report on Form 8-K as Exhibit 99.2
and incorporated herein by reference. The information contained in this Item
7.01, including the information included in Exhibit 99.2 attached hereto, is
intended to be furnished solely pursuant to Item 7.01. and is not deemed to be
"filed" for purposes of Section 18 of the Exchange Act, or incorporated by
reference into any filing under the Securities Act or the Exchange Act, or
otherwise subject to the liabilities of Sections 11 and 12 (a) (2) of the
Securities Act.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits

(a). Financial Statements

Not Applicable

(b). Pro Forma Financial Information

Not Applicable

(c). Exhibits

Exhibit Number      Description
--------------      --------------------------------
99.1                Press release of the Company dated October 25, 2006.
99.2                Financial and Operating Reporting Supplement of the Company
                    for the Quarter and Nine Months Ended September 30, 2006.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                          ACADIA REALTY TRUST
                                                 (Registrant)

Date: October 25, 2006                    By: /s/ Michael Nelsen
                                              ----------------------------------
                                              Name:  Michael Nelsen
                                              Title: Sr. Vice President
                                                     and Chief Financial Officer



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