Acadia Realty announced the transaction during the company's earnings call last week. EastBanc and Jamestown declined to comment to GlobeSt.com. A source has told GlobeSt.com that the entire portfolio is now valued at $338 million but we have been unable to independently confirm that.

Acadia Realty did provide a few hints -- mainly useful to a forensic accountant -- as to what it paid for the Georgetown portfolio and the NOI it expects it to deliver by aggregating all of its acquisitions for the quarter and discussing the numbers.

The REIT announced a number of acquisitions for the second quarter, some of which are closing in Q3.

Besides the Georgetown Renaissance stake, they are the Smithfield portfolio, a five-property portfolio in Chicago, 555 9th St., a 150,000 square foot urban shopping center in San Francisco and a small retail building in Boston, on Newbury Street, which is occupied by Starbucks. These announced acquisitions totaled $480 million and it has closed on $190 million of the transactions.

Acadia expects that this $480 million in acquisitions, on a combined basis over the next five years, will deliver compounded annual NOI growth of approximately 5% a year.

* This article was updated to correct and add financial details that were provided by Jamestown.

WASHINGTON, DC—White Plains, NY-based Acadia Realty has expanded its footprint in Georgetown by acquiring a 20% interest in the Georgetown Renaissance portfolio.

The portfolio is an approximate 300,000 square foot retail portfolio consisting of 17 properties in Georgetown and one in Alexandria, Va. It is co-owned by EastBanc and the Atlanta-based Jamestown, which acquired a 75% stake in the portfolio in 2011, according to Jamestown.

The companies' financial relationships are complicated. * Acadia Realty co-owns seven separate properties with EastBanc in Georgetown, a Jamestown spokesperson told GlobeSt.com. Acadia also provided EastBanc with the capital to purchase a piece of Jamestown's interest in the Georgetown Renaissance portfolio, reducing Jamestown's stake to 48%, where it remains today, from the initial 75%, the spokesperson said.

Jamestown was not a party in this transaction.

Acadia Realty announced the transaction during the company's earnings call last week. EastBanc and Jamestown declined to comment to GlobeSt.com. A source has told GlobeSt.com that the entire portfolio is now valued at $338 million but we have been unable to independently confirm that.

Acadia Realty did provide a few hints -- mainly useful to a forensic accountant -- as to what it paid for the Georgetown portfolio and the NOI it expects it to deliver by aggregating all of its acquisitions for the quarter and discussing the numbers.

The REIT announced a number of acquisitions for the second quarter, some of which are closing in Q3.

Besides the Georgetown Renaissance stake, they are the Smithfield portfolio, a five-property portfolio in Chicago, 555 9th St., a 150,000 square foot urban shopping center in San Francisco and a small retail building in Boston, on Newbury Street, which is occupied by Starbucks. These announced acquisitions totaled $480 million and it has closed on $190 million of the transactions.

Acadia expects that this $480 million in acquisitions, on a combined basis over the next five years, will deliver compounded annual NOI growth of approximately 5% a year.

* This article was updated to correct and add financial details that were provided by Jamestown.