Acadia Realty Trust announces offering of 6M common shares

Acadia Realty Trust announced that it has commenced an offering of 6M common shares. Acadia intends to use the net proceeds from the offering for general corporate purposes, which may include funding future acquisitions, the repayment of outstanding indebtedness, working capital and other general corporate purposes. J.P. Morgan and BofA Securities are serving as the underwriters for the offering.