0001157523-11-002807 Sample Contracts

FIRST AMENDMENT TO BUILDING LOAN AGREEMENT
Loan Agreement • May 5th, 2011 • Acadia Realty Trust • Real estate investment trusts • New York

THIS FIRST AMENDMENT TO BUILDING LOAN AGREEMENT (the "Amendment") is dated as of January 19, 2011 and is made by and among Manufacturers and Traders Trust Company, a New York banking corporation, with offices located at One Fountain Plaza, Buffalo, New York 14203 ("M&T") individually as a lender and as the administrative agent for itself and Capital One, N.A., a lender (the "Co-Lender" and, referred to collectively with M&T as the "Lending Group") and the Lending Group (the “Administrative Agent”), and Canarsie Plaza LLC, a limited liability company organized under the laws of the State of Delaware with offices at c/o Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, New York 10605 (the “Borrower”).

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LOAN AGREEMENT
Mortgage Note • May 5th, 2011 • Acadia Realty Trust • Real estate investment trusts • New York

Administrative Agent: Manufacturers and Traders Trust Company, a New York banking corporation, with offices located at One Fountain Plaza, Buffalo, New York 14203 ("M&T") individually as a lender and as the administrative agent for itself and Capital One, N.A., a lender (the "Co-Lender" and, referred to collectively with M&T as the "Lending Group") and the Lending Group (the “Administrative Agent”).

SEVERANCE AGREEMENT
Severance Agreement • May 5th, 2011 • Acadia Realty Trust • Real estate investment trusts • New York

THIS AMENDED AND RESTATED SEVERANCE AGREEMENT (the “Agreement”) is entered into as of April 19, 2011, by and between Christopher Conlon, an individual residing in the State of New York (“Senior Officer”) and Acadia Realty Trust, a Maryland real estate investment trust, and Acadia Realty Limited Partnership, a Delaware limited partnership, both with offices at 1311 Mamaroneck Avenue, Suite 260, White Plains, New York 10605 (collectively, the “Company”).

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