UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3.)
ACADIA REALTY TRUST
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(NAME OF ISSUER)
ORDINARY SHARES
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(TITLE OF CLASS OF SECURITIES)
4239109
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(CUSIP NUMBER)
DECEMBER 31, 2007
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(DATE OF EVENT WHICH REQUIRES
FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
CUSIP NO. 4239109 13G PAGE 2 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ING Groep N.V. (1)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
Not Applicable (b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
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5 SOLE VOTING POWER
4,027,808 (2)
NUMBER OF --------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH: 4,027,808 (2)
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,027,808
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.51%
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12 TYPE OF REPORTING PERSON
HC
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----------
(1) This filing corrects what was reported by ING Groep N.V. on its Schedule
13G/A filed on February 14, 2008. Specifically, it reflects the role of ING
Fund Management B.V. as the manager of client portfolios that hold shares
of the Issuer.
(2) 1,162,808 of these shares are held by indirect subsidiaries of ING Groep
N.V. in their role as a discretionary manager of client portfolios.
CUSIP NO. 4239109 13G PAGE 3 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ING Bewaar Maatschappij I B.V. (3)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
Not Applicable (b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
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5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,865,000
OWNED BY EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH: 0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,865,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.90%
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12 TYPE OF REPORTING PERSON
HC
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----------
(3) ING Bewaar Maatschappij I B.V. is a wholly owned indirect subsidiary of ING
Groep N.V.
CUSIP NO. 4239109 13G PAGE 4 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ING Fund Management B.V. (4)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
Not Applicable (b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
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5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,865,000
OWNED BY EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH: 2,865,000
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,865,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.90%
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12 TYPE OF REPORTING PERSON
HC
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----------
(4) ING Fund Management B.V. is a wholly owned indirect subsidiary of ING
Groep N.V.
CUSIP NO. 4239109 13G PAGE 5 OF 12 PAGES
ITEM 1(a). NAME OF ISSUER:
Acadia Realty Trust
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1311 Mamaronek Avenue
Suite 260
White Plains, NY 10605
ITEM 2(a). NAME OF PERSON FILING:
ING Groep N.V.
ING Bewaar Maatschappij I B.V.
ING Fund Management B.V.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
ING Groep N.V.:
Amstelveenseweg 500
1081 KL Amsterdam
P.O. Box 810
1000 AV Amsterdam
The Netherlands
ING Bewaar Maatschappij I B.V.
Prinses Beatrixlaan 15
2595 AS Den Haag
The Netherlands
ING Fund Management B.V.
Prinses Beatrixlaan 15
2595 AS Den Haag
The Netherlands
ITEM 2(c). CITIZENSHIP:
See item 4 on Page 2
See item 4 on Page 3
See item 4 on Page 4
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Ordinary Shares
ITEM 2(e). CUSIP NUMBER:
4239109
CUSIP NO. 4239109 13G PAGE 6 OF 12 PAGES
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b),
OR 13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS
A: (Not Applicable)
(a) |_| Broker or dealer registered under Section 15 of the
Securities Exchange Act of 1934, as amended (the
"Exchange Act");
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange
Act;
(c) |_| Insurance company as defined in Section 3(a)(19) of
the Exchange Act;
(d) |_| Investment company registered under Section 8 of the
Investment Company Act of 1940, as amended (the
"Investment Company Act");
(e) |_| Investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E) under the Exchange Act;
(f) |_| Employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F) under the Exchange Act;
(g) |_| Parent holding company or control person in accordance
with Rule 13d-1(b)(ii)(G) under the Exchange Act;
(h) |_| Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act;
(j) |_| Group in accordance with Rule 13d-1(b)(1)(ii)(J) under
the Exchange Act.
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
See item 9 on Page 2
See item 9 on Page 3
See item 9 on Page 4
(b) Percent of class:
See item 11 on Page 2
See item 11 on Page 3
See item 11 on Page 4
CUSIP NO. 4239109 13G PAGE 7 OF 12 PAGES
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See item 5 on Page 2
See item 5 on Page 3
See item 5 on Page 4
(ii) Shared power to vote or to direct the vote:
See item 6 on Page 2
See item 6 on Page 3
See item 6 on Page 4
(iii) Sole power to dispose or to direct the disposition
of:
See item 7 on Page 2
See item 7 on Page 3
See item 7 on Page 4
(iv) Shared power to dispose or to direct the disposition
of:
See item 8 on Page 2
See item 8 on Page 3
See item 8 on Page 4
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY OR CONTROL PERSON.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
CUSIP NO. 4239109 13G PAGE 8 OF 12 PAGES
ITEM 10. CERTIFICATION.
By signing below we certify that, to the best of our
knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any
transaction having that purpose or effect.
CUSIP NO. 4239109 13G PAGE 9 OF 12 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 19, 2008
-----------------------------------
(Date)
ING GROEP N.V.
By:
/s/ Eric E. Ribbers
-----------------------------------
(Signature)
Eric E. Ribbers
Senior Compliance Officer
-----------------------------------
(Name/Title)
/s/ Klaas de Wit
-----------------------------------
(Signature)
Klaas de Wit
Head of Compliance Insiders
-----------------------------------
(Name/Title)
CUSIP NO. 4239109 13G PAGE 10 OF 12 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 19, 2008
-----------------------------------
(Date)
ING BEWAAR MAATSCHAPPIJ I B.V.
By:
/s/ Eric E. Ribbers
-----------------------------------
(Signature)
Eric E. Ribbers
Authorized Signatory
-----------------------------------
(Name/Title)
/s/ Klaas de Wit
-----------------------------------
(Signature)
Klaas de Wit
Authorized Signatory
-----------------------------------
(Name/Title)
CUSIP NO. 4239109 13G PAGE 11 OF 12 PAGES
March 19, 2008
-----------------------------------
(Date)
ING FUND MANAGEMENT B.V.
By:
/s/ Eric E. Ribbers
-----------------------------------
(Signature)
Eric E. Ribbers
Authorized Signatory
-----------------------------------
(Name/Title)
/s/ Klaas de Wit
-----------------------------------
(Signature)
Klaas de Wit
Authorized Signatory
-----------------------------------
(Name/Title)