Acadia Realty Trust Appoints David Buell as New Chief Accounting Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Acadia Realty Trust announced that David Buell will join the company in January 2026 as its new Chief Accounting Officer succeeding Richard Hartmann. Hartmann, who has been with Acadia Realty Trust since 1997 and has served as Chief Accounting Officer since 2012, will remain with the company to support the transition and will assume a new role as Senior Vice President, Strategic Initiatives. Prior to this, Buell was a Senior Manager in KPMG's audit practice, serving clients across multiple industries with a focus on real estate.
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Analyst Views on AKR
Wall Street analysts forecast AKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AKR is 24.40 USD with a low forecast of 22.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.410
Low
22.00
Averages
24.40
High
30.00
Current: 19.410
Low
22.00
Averages
24.40
High
30.00
About AKR
Acadia Realty Trust is an equity real estate investment trust (REIT). The Company is focused on the ownership, acquisition, development, and management of retail properties located primarily in high-barrier-to-entry, supply-constrained, densely populated metropolitan areas in the United States. The Company operates through three segments: Core Portfolio, Investment Management, and Structured Financing. The Company's Core Portfolio segment consists primarily of retail properties located primarily in high-barrier-to-entry, densely populated metropolitan areas with a long-term investment horizon. The Company's Investment Management segment holds primarily retail real estate in which the Company co-invests with high-institutional investors. The Company's Structured Financing segment consists of earnings and expenses related to notes and mortgages receivable. The Company has ownership interests in approximately 210 properties within its core portfolio and investment management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Acadia Realty Trust Appoints David Buell as New Chief Accounting Officer Starting January 2026
- Executive Transition: Acadia Realty Trust announced that David Buell will succeed Richard Hartmann as Chief Accounting Officer starting January 2026, with Hartmann transitioning to Senior Vice President of Strategic Initiatives to ensure a smooth handover.
- Extensive Experience: Buell brings over 15 years of experience in the real estate investment trust sector, having held several leadership roles, particularly as Chief Accounting Officer, which is expected to provide the company with fresh financial management perspectives and strategic direction.
- Audit Background: Prior to joining Acadia, Buell served as a Senior Manager at KPMG, focusing on audits in the real estate sector, and his expertise is anticipated to enhance the company's financial transparency and compliance.
- Strategic Development: This executive change not only highlights the company's commitment to internal talent but also reflects Acadia's long-term planning for financial management and strategic implementation, aiming to drive sustained profitable growth.
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