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Balance Sheet Cash Flow Statement 1311 Mamaroneck Ave., Ste. 260 White Plains, NY 10605 NY Tel. 914-288-8100 Fax 914-428-2760 |
Type: Public
On the web:
http://www.acadiarealty.com
Employees:
135
Employee growth: (4.9%)
A self-managed real estate investment trust (REIT), Acadia Realty acquires, redevelops, and manages retail properties in the Northeast, Mid-Atlantic, and Midwest. The REIT specializes in community shopping centers and mixed-use properties in urban areas; it owns or has interests in some 85 properties -- mostly shopping centers anchored by a grocery store, drug store, or big box store -- that contain more than 7 million sq. ft. of leasable space. It also has investments in self-storage properties, mortgage loans, and other real estate interests. The company's largest tenants include A&P, SUPERVALU, and The TJX Companies.
Key numbers for fiscal year ending December, 2008:
Sales: $140.7M
One year growth: 38.6%
Net income: $27.5M
Income growth: 16.8%
Officers:
President, CEO, and Trustee: Kenneth F. Bernstein
SVP and CFO: Michael L. Nelsen
VP Information Technology: Larry Schachter
Competitors:
Developers Diversified
Pennsylvania Real Estate
Ramco-Gershenson
