President and Chief Executive Officer
Acadia Realty Trust
Kenneth F. Bernstein is the President and Chief Executive Officer of Acadia Realty Trust, which he co-founded in 1998. Acadia Realty Trust is a real estate investment trust specializing in the acquisition, redevelopment and management of open air retail properties. Acadia owns, or has ownership interest in over 100 properties totaling approximately $2.5 billion dollars in value. For the 10 year period ending December 31, 2011 Acadia achieved annual shareholder returns of 18%.
Acadia executes its growth initiatives through a series of discretionary institutional acquisition funds. Acadia recently launched Fund IV which is capitalized to acquire $1.5 billion dollars of retail properties.
Mr. Bernstein served as Chief Operating Officer of RD Capital until its merger with Mark Centers Trust in 1998, creating Acadia Realty Trust. Prior to that, Mr. Bernstein was an associate with the New York law firm of Battle Fowler, LLP.
Mr. Bernstein received his BA from the University of Vermont and his JD from Boston University School of Law. Mr. Bernstein sits on the Board of Trustees of the International Council of Shopping Centers (ICSC), and he is co-chair of the Open Air Center Committee. He is an active member of National Association of Real Estate Investment Trusts (NAREIT), Urban Land Institute (ULI), and the Real Estate Roundtable. In addition to being a member of the Young President’s Organization (YPO), where he was the founding chairman of the Real Estate Network and currently sits on the Board of Advisors, he also sits on the Department of Real Estate Advisory Board at Baruch College. He is a member of the Board of Trustees of BRT Realty (NYSE:BRT) as well as Golub Capital (NASDAQ:GBDC).
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