Acadia Realty Trust announced the election, by the Board of Trustees, of Lynn C. Thurber as an independent trustee of the Company, effective immediately. This election expands Acadia's Board to eight trustees, seven of whom are independent. Ms. Thurber is the Chairman of LaSalle Investment Management. In her role as Chairman, Ms. Thurber advises the firm's senior management team and heads its global committees on sustainability and risk management for its portfolios worldwide. She also chairs the Jones Lang LaSalle committee for the firm's co-investment activity. Ms. Thurber is also Chairman of the Board of Directors of Jones Lang LaSalle Income Property Trust, a non-listed REIT that owns and manages a diversified portfolio of office, retail, industrial and apartment properties. Prior to becoming Chairman of LaSalle, Ms. Thurber was the Chief Executive Officer of LaSalle Investment Management from March 2000 to December 2006 and Co-President from December 1994 to March 2000. Ms. Thurber is a member of the Board of Directors of Duke Realty Corporation and Investa Property
Group. She also currently is a Trustee and past Chairman of the Board of ULI (Urban Land Institute) and a member of The Chicago Network and the Wellesley College Business Leadership Council.