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): July 31, 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 July 31, 2006, Acadia Realty Trust (the "Company") released a press release
announcing its consolidated financial results for the quarter and six months
ended June 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 July 31, 2006, the Company made available supplemental information concerning
the ownership, operations and portfolio of the Company as of and for the quarter
and six months ended June 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 July 31, 2006.
  99.2              Financial and Operating Reporting Supplement of the Company
                    for the Quarter and Six Months Ended June 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: July 31, 2006           By: /s/ Michael Nelsen
                              ----------------------------------
                              Name:  Michael Nelsen
                              Title: Sr. Vice President
                                     and Chief Financial Officer