Acadia Realty Trust

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Wendy Luscombe has been a Trustee of the Company since 2004. She is Principal of WKL Consulting, successor to WKL Associates, Inc., a real estate investment manager and consultant founded in 1994. Ms. Luscombe has managed investment portfolios totaling $5 billion over the last 25 years and has represented foreign investors including UK Prudential and British Coal Pension Funds in their United States real estate investment initiatives. For ten years she was Chief Executive Officer of Pan American Properties, Inc., a public REIT sponsored by British Coal Pension Funds.

Founded in 1998, Acadia is one of the industry's top performing shopping center REITs. In fact, we are the top-performing shopping center REIT of the past decade and one of the top five among all REITs over the same period. We continue to aggressively drive the four key components of our business model: maintaining a solid core portfolio of retail properties in densely populated, high quality locations; maintaining a flexible balance sheet coupled with excellent access to capital; executing an ambitious external investment program; and strengthening our talented management team.

William T. Spitz, has been a Trustee of the Company since August 2007. Mr. Spitz has served as a Director of Diversified Trust Company, a private wealth management trust company, for 19 years and has served as a Director and Principal since March 2009. Previously, he was Vice Chancellor for Investments and Treasurer of Vanderbilt University, Nashville, Tennessee from 1985 to July 2007. As Vice Chancellor for Investments at Vanderbilt, Mr. Spitz was responsible for managing the University's $3.5 billion endowment.

As Executive Vice President, Chief Operating Officer, Mr. Conlon is responsible for investments in retail, mixed-use and urban redevelopment opportunities for the Company, in both existing and new markets. In addition, he is responsible for the design and implementation of leasing strategies for Acadia. Mr. Conlon joined Acadia with over 20 years experience in the retail real estate and development industry. Prior to joining Acadia, Mr.

Mr. Grisham is responsible for all accounting, financial reporting, budgeting/forecasting, real estate finance, capital market activities, tax and treasury. He has over 20 years of experience in the real estate industry and has been with Acadia since its formation in 1998. Prior to joining Acadia, Mr. Grisham served as Controller at Mark Centers Trust from 1993 to 1998 and at the public accounting firm of Aronson & Company located in Washington, DC from 1987 to 1992.

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