Why I'll Never Own Acadia Realty
There's nothing inherently wrong with Acadia Realty Trust (NYSE: AKR) or its general business model. In fact, some investors might actually like the opportunistic way it runs its portfolio. However, if you're like me and prefer simple investments, you might want to avoid it, just like I plan to. Here's what you need to know to decide if Acadia Realty is right for you -- or not.
At its core, Acadia Realty is a real estate investment trust (REIT) that owns retail properties. It's really not all that complicated a business to understand: Try to own well-located properties in areas with high consumer demand and enough wealth that retailers want to be there.
To that end, Acadia Realty owns some pretty great properties, with outdoor shopping centers located across the country in and around some of the most important regions, like New York City, Chicago, Los Angeles, San Francisco, and Boston, among others.
Source Fool.com
