Acadia Realty: Dividend Should Rebound, but Risks Remain Acadia Realty Trust (AKR) is an equity REIT aiming to deliver long-term, profitable growth through its dual – Core Portfolio and Fund – operating platforms and its prudent, location-driven investment strategy. As of its latest quarterly filings, the trust has ownership stakes in 188 locations within its Core Portfolio. Some of these properties are 100% owned, while others are partially owned through joint venture interests. Through its funds, which are investment vehicles via which the company''s operating partnership can invest in primarily opportunistic and value-add retail real estate, the company has an economic interest in an additional 52 properties.