899629--2/29/2008--ACADIA_REALTY

related topics

{investment, property, distribution}

{loan, real, estate}

{acquisition, growth, future}

{stock, price, share}

{debt, indebtedness, cash}

{provision, law, control}

{regulation, change, law}

{capital, credit, financial}

{tax, income, asset}

{personnel, key, retain}

{loss, insurance, financial}

{cost, regulation, environmental}

Limited control over joint venture investments We operate through a partnership structure, which could have an adverse effect on our ability to manage our assets. There are risks relating to investments in real estate. The bankruptcy of, or a downturn in the business of, any of our major tenants may adversely affect our cash flows and property values. We could be adversely affected by poor market conditions where properties are geographically concentrated. Our ability to change our portfolio is limited because real estate investments are illiquid Market interest rates could have an adverse effect on our share price. Recent disruptions in the financial markets could affect our ability to obtain debt financing on reasonable terms and have other adverse effects on us. We could become highly leveraged, resulting in increased risk of default on our obligations and in an increase in debt service requirements, which could adversely affect our financial condition and results of operations and our ability to pay distributions. We may not be able to renew current leases and the terms of re-letting (including the cost of concessions to tenants) may be less favorable to us than current lease terms. Possible liability relating to environmental matters. Competition may adversely affect our ability to purchase properties and to attract and retain tenants. We have pursued, and may in the future continue to pursue extensive growth opportunities, which may result in significant demands on our operational, administrative and financial resources. Our inability to carry out our growth strategy could adversely affect our financial condition and results of operations. Our board of trustees may change our investment policy without shareholder approval. There can be no assurance we have qualified or will remain qualified as a REIT for federal income tax purposes. Distribution requirements imposed by law limit our operating flexibility. Uninsured losses or a loss in excess of insured limits could adversely affect our financial condition. Limits on ownership of our capital shares. Adverse legislative or regulatory tax changes could have an adverse effect on us. Concentration of ownership by certain investors. Restrictions on a potential change of control. The loss of a key executive officer could have an adverse effect on us.

Full 10-K form ▸

899629--2/29/2008--ACADIA_REALTY_TRUST