Acadia Realty Trust Files 8-K

TL;DR

AKR filed an 8-K on Sep 30, mostly financial docs. No major news.

AI Summary

Acadia Realty Trust (AKR) filed an 8-K on October 2, 2024, reporting an event on September 30, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.

Why It Matters

This filing indicates Acadia Realty Trust is providing updated financial information or exhibits to the SEC, which could be relevant for investors monitoring the company's financial health.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial statements and exhibits, not indicating any immediate operational or financial distress.

Key Players & Entities

• Acadia Realty Trust (company) — Registrant
• September 30, 2024 (date) — Date of Earliest Event Reported
• October 2, 2024 (date) — Date of Report
• Maryland (jurisdiction) — State of incorporation
• 411 Theodore Fremd Avenue Suite 300 Rye, New York 10580 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — hares of beneficial interest, par value $0.001 per share AKR The New York Stock Ex
• $22.89 — nts at an initial forward sale price of $22.89 per share (which is the price at which
• $114.0 million — o receive net proceeds of approximately $114.0 million (or approximately $131.2 million if the
• $131.2 million — mately $114.0 million (or approximately $131.2 million if the Underwriters exercise their opti

Filing Documents

• tm2425416d1_8k.htm (8-K) — 35KB
• tm2425416d1_ex1-1.htm (EX-1.1) — 229KB
• tm2425416d1_ex1-2.htm (EX-1.2) — 166KB
• tm2425416d1_ex1-3.htm (EX-1.3) — 192KB
• tm2425416d1_ex1-4.htm (EX-1.4) — 165KB
• tm2425416d1_ex5-1.htm (EX-5.1) — 21KB
• tm2425416d1_ex5-1img01.jpg (GRAPHIC) — 14KB
• 0001104659-24-105473.txt ( ) — 1166KB
• akr-20240930.xsd (EX-101.SCH) — 3KB
• akr-20240930_lab.xml (EX-101.LAB) — 33KB
• akr-20240930_pre.xml (EX-101.PRE) — 22KB
• tm2425416d1_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On September 30, 2024, Acadia Realty Trust (the " Company ") and its operating partnership, Acadia Realty Limited Partnership (the " Operating Partnership "), entered into an underwriting agreement (the " Underwriting Agreement ") with Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Jefferies LLC, in their capacity as underwriters (the " Underwriters "), Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Jefferies LLC, in their capacity as forward sellers (the " Forward Sellers "), and Wells Fargo Bank, National Association, Goldman Sachs & Co. LLC and Jefferies LLC, in their capacity as forward purchasers (the " Forward Purchasers "), relating to the offer and sale (the " Offering ") of an aggregate of up to 5,000,000 common shares of beneficial interest, par value $0.001 per share (" Common Shares "), of the Company by the Forward Sellers in connection with the forward sale agreements described below. The Company granted the Underwriters an option to purchase up to an additional 750,000 Common Shares. The Company will not initially receive any proceeds from the sale of the Common Shares by the Forward Sellers. The Common Shares were offered by the Underwriters to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. In connection with the Offering, on September 30, 2024, the Company also entered into separate forward sale agreements (" Forward Sale Agreements ") with each of the Forward Purchasers. In connection with the execution of the Forward Sale Agreements and at the Company's request, the Forward Sellers borrowed from third parties and sold to the Underwriters an aggregate of 5,000,000 Common Shares (subject to increa

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated as of September 30, 2024, by and among Acadia Realty Trust, Acadia Realty Limited Partnership, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Jefferies LLC, in their capacity as underwriters, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Jefferies LLC, in their capacity as forward sellers, and Wells Fargo Bank, National Association, Goldman Sachs & Co. LLC and Jefferies LLC, in their capacity as forward purchasers 1.2 Forward Sale Agreement, dated as of September 30, 2024, by and between Acadia Realty Trust and Wells Fargo Bank, National Association 1.3 Forward Sale Agreement, dated as of September 30, 2024, by and between Acadia Realty Trust and Goldman Sachs & Co. LLC 1.4 Forward Sale Agreement, dated as of September 30, 2024, by and between Acadia Realty Trust and Jefferies LLC 5.1 Opinion of Venable LLP 23.1 Consent of Venable LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101.) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACADIA REALTY TRUST Dated: October 2, 2024 By: /s/ John Gottfried Name: John Gottfried Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR