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): May 9, 2002

                               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.)

                            20 Soundview Marketplace
                         Port Washington, New York 11050
               (Address of principal executive offices) (Zip Code)

                                 (516) 767-8830
              (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.

99.1     Quarterly Supplemental Disclosure - March 31, 2002

ITEM 9. Regulation FD Disclosure

         The Registrant, Acadia Realty Trust, hereby makes available as an
exhibit to this filing, supplemental information concerning the ownership,
operations and portfolio of the Registrant as of March 31, 2002. The information
included in this Current Report on Form 8-K (including the exhibit hereto) is
furnished pursuant to Item 9 and shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that Section or Sections 11 and 12(a)
(2) of the Securities Act of 1933, as amended. This Report (including the
exhibit hereto) will not be deemed an admission as to the materiality of any
information required to be disclosed solely to satisfy the requirements of
Regulation FD.


     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

Date: May 9, 2002                      By: /s/ Perry Kamerman
                                           Name:  Perry Kamerman
                                           Title: Sr. Vice President and
                                                  Chief Financial Officer