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): November 3, 2003


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


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



                          1311 Mamaroneck Avenue
                          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)



ITEM 7.  Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits


Exhibit Number      Description
--------------      --------------------------------
99.1                Financial and Operating Reporting Supplement for the Quarter
                    Ended September 30, 2003
99.2                Press release dated November 3, 2003


ITEM 9.  Regulation FD Disclosure

On November  3, 2003,  the  Registrant,  Acadia  Realty  Trust,  made  available
supplemental  information concerning the ownership,  operations and portfolio of
the Registrant as of September 30, 2003. A copy of this supplemental information
is  furnished  as  Exhibit  99.1 to this  report  on Form 8-K.  The  information
contained in Item 9. of this report on Form 8-K,  including  Exhibit 99.1, shall
not  be  deemed  "filed"  with  the  Securities  and  Exchange   Commission  nor
incorporated by reference in any registration  statement filed by the Registrant
under the Securities Act of 1933, as amended.

ITEM 12. Results of Operations and Financial Condition

On November 3, 2003, the Registrant announced its consolidated financial results
for the quarter ended  September 30, 2003. A copy of the  Registrant's  earnings
press  release is  furnished  as Exhibit  99.2 to this  report on Form 8-K.  The
information  contained in Item 12. of this report on Form 8-K, including Exhibit
99.2,  shall not be deemed "filed" with the  Securities and Exchange  Commission
nor  incorporated  by  reference  in any  registration  statement  filed  by the
Registrant under the Securities Act of 1933, as amended.






                                   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: November 3, 2003          By: /s/ Michael Nelsen

                                    Name:  Michael Nelsen
                                    Title: Sr. Vice President and Chief
                                           Financial Officer


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