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Acadia Realty Trust – ‘10-Q’ for 9/30/19 – ‘EX-101.LAB’

On:  Thursday, 10/24/19, at 9:04pm ET   ·   As of:  10/25/19   ·   For:  9/30/19   ·   Accession #:  1564590-19-37806   ·   File #:  1-12002

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/25/19  Acadia Realty Trust               10-Q        9/30/19  112:29M                                    ActiveDisclosure/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.67M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     42K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     42K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     37K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     37K 
49: R1          Document and Entity Information                     HTML     90K 
107: R2          Consolidated Balance Sheets                         HTML    120K  
71: R3          Consolidated Balance Sheets (Parenthetical)         HTML     44K 
37: R4          Consolidated Statements of Income                   HTML    103K 
50: R5          Consolidated Statements of Comprehensive (Loss)     HTML     65K 
                Income                                                           
108: R6          Consolidated Statements of Shareholders' Equity     HTML    114K  
72: R7          Consolidated Statements of Shareholders' Equity     HTML     37K 
                (Parenthetical)                                                  
35: R8          Consolidated Statements of Cash Flows               HTML    181K 
53: R9          Consolidated Statements of Cash Flows               HTML     46K 
                (Parenthetical)                                                  
52: R10         Organization, Basis of Presentation and Summary of  HTML    160K 
                Significant Accounting Policies                                  
34: R11         Real Estate                                         HTML    457K 
74: R12         Notes Receivable, Net                               HTML     96K 
106: R13         Investments in and Advances to Unconsolidated       HTML    405K  
                Affiliates                                                       
51: R14         Other Assets, Net and Accounts Payable and Other    HTML    154K 
                Liabilities                                                      
33: R15         Lease Intangibles                                   HTML    190K 
73: R16         Debt                                                HTML    399K 
105: R17         Financial Instruments and Fair Value Measurements   HTML    504K  
48: R18         Commitments and Contingencies                       HTML     40K 
36: R19         Shareholders' Equity, Noncontrolling Interests and  HTML    389K 
                Other Comprehensive Income                                       
79: R20         Leases                                              HTML    152K 
90: R21         Segment Reporting                                   HTML    601K 
55: R22         Share Incentive and Other Compensation              HTML    123K 
12: R23         Earnings Per Common Share                           HTML    179K 
78: R24         Subsequent Events                                   HTML     44K 
89: R25         Organization, Basis of Presentation and Summary of  HTML    110K 
                Significant Accounting Policies (Policies)                       
54: R26         Organization, Basis of Presentation and Summary of  HTML     90K 
                Significant Accounting Policies (Tables)                         
11: R27         Real Estate (Tables)                                HTML    458K 
80: R28         Notes Receivable, Net (Tables)                      HTML     81K 
88: R29         Investments in and Advances to Unconsolidated       HTML    387K 
                Affiliates (Tables)                                              
109: R30         Other Assets, Net and Accounts Payable and Other    HTML    153K  
                Liabilities (Tables)                                             
76: R31         Lease Intangibles (Tables)                          HTML    189K 
31: R32         Debt (Tables)                                       HTML    369K 
46: R33         Financial Instruments and Fair Value Measurements   HTML    494K 
                (Tables)                                                         
110: R34         Shareholders' Equity, Noncontrolling Interests and  HTML    376K  
                Other Comprehensive Income (Tables)                              
77: R35         Leases (Tables)                                     HTML    139K 
32: R36         Segment Reporting (Tables)                          HTML    601K 
47: R37         Share Incentive and Other Compensation (Tables)     HTML    102K 
111: R38         Earnings Per Common Share (Tables)                  HTML    177K  
75: R39         Organization, Basis of Presentation and Summary of  HTML     82K 
                Significant Accounting Policies - Additional                     
                Information (Details)                                            
91: R40         Organization, Basis of Presentation and Summary of  HTML     67K 
                Significant Accounting Policies - Schedule of                    
                Operating Partnership's Equity Interest (Details)                
82: R41         Real Estate - Schedule of Real Estate (Details)     HTML     63K 
19: R42         Real Estate - Schedule of Acquisitions and          HTML     80K 
                Conversions (Details)                                            
62: R43         Real Estate - Schedule of Acquisitions and          HTML     43K 
                Conversions (Parenthetical) (Details)                            
92: R44         Real Estate - Acquisitions and Conversions -        HTML     40K 
                Additional Information (Details)                                 
83: R45         Real Estate - Schedule of Purchase Price            HTML     59K 
                Allocations (Details)                                            
20: R46         Real Estate - Schedule of Property Dispositions     HTML     93K 
                (Details)                                                        
63: R47         Real Estate - Schedule of Disposal Groups,          HTML     59K 
                Including Discontinued Operations, Income                        
                Statement, Balance Sheet and Additional                          
                Disclosures (Details)                                            
93: R48         Real Estate - Properties Held for Sale -            HTML     40K 
                Additional Information (Details)                                 
81: R49         Real Estate - Schedule of Development in Process    HTML     59K 
                Activities (Details)                                             
65: R50         Real Estate - Real Estate Under Development and     HTML     41K 
                Construction in Progress - Additional Information                
                (Details)                                                        
100: R51         Notes Receivable, Net - Schedule of Notes           HTML     59K  
                Receivable (Details)                                             
45: R52         Notes Receivable, Net - Additional Information      HTML     61K 
                (Details)                                                        
29: R53         Investments in and Advances to Unconsolidated       HTML    103K 
                Affiliates - Schedule of Investments (Details)                   
64: R54         Investments in and Advances to Unconsolidated       HTML     49K 
                Affiliates - Schedule of Investments                             
                (Parenthetical) (Details)                                        
99: R55         Investments in and Advances to Unconsolidated       HTML    112K 
                Affiliates - Core Portfolio - Additional                         
                Information (Details)                                            
44: R56         Investments in and Advances to Unconsolidated       HTML    140K 
                Affiliates - Fund Investments - Additional                       
                Information (Details)                                            
28: R57         Investments in and Advances to Unconsolidated       HTML     42K 
                Affiliates - Unconsolidated Affiliates -                         
                Additional Information (Details)                                 
66: R58         Investments in and Advances to Unconsolidated       HTML     78K 
                Affiliates - Unconsolidated Affiliates - Schedule                
                of Condensed Balance Sheet (Details)                             
98: R59         Investments in and Advances to Unconsolidated       HTML     69K 
                Affiliates - Unconsolidated Affiliates - Schedule                
                of Condensed Income Statement (Details)                          
61: R60         Other Assets, Net and Accounts Payable and Other    HTML    112K 
                Liabilities - Schedule of other assets and other                 
                liabilities (Details)                                            
17: R61         Lease Intangibles - Schedule of Intangible Assets   HTML     67K 
                and Liabilities Included in Other Assets and Other               
                Liabilities (Details)                                            
87: R62         Lease Intangibles - Additional Information          HTML     48K 
                (Details)                                                        
97: R63         Lease Intangibles - Scheduled Amortization of       HTML     96K 
                Acquired Lease Intangible Assets and Assumed                     
                Liabilities (Details)                                            
57: R64         Debt - Summary of Consolidated Indebtedness         HTML    170K 
                (Details)                                                        
13: R65         Debt - Summary of Consolidated Indebtedness         HTML     71K 
                (Parenthetical) (Details)                                        
84: R66         Debt - Credit Facility - Additional Information     HTML     58K 
                (Details)                                                        
94: R67         Debt - Mortgage Payable - Additional Information    HTML    145K 
                (Details)                                                        
56: R68         Debt - Unsecured Notes Payable - Additional         HTML    106K 
                Information (Details)                                            
18: R69         Debt - Unsecured Revolving Lines of Credit -        HTML     48K 
                Additional Information (Details)                                 
23: R70         Debt - Scheduled Principal Repayments (Details)     HTML     65K 
38: R71         Financial Instruments and Fair Value Measurements   HTML     56K 
                - Schedule of Assets and Liabilities Measured at                 
                Fair Value on Recurring Basis (Details)                          
101: R72         Financial Instruments and Fair Value Measurements   HTML     61K  
                - Additional Information (Details)                               
67: R73         Financial Instruments and Fair Value Measurements   HTML    120K 
                - Schedule of Derivative Financial Instruments                   
                (Details)                                                        
26: R74         Financial Instruments and Fair Value Measurements   HTML     60K 
                - Schedule of Derivative Financial Instruments                   
                (Parenthetical) (Details)                                        
41: R75         Financial Instruments and Fair Value Measurements   HTML     57K 
                - Schedule of Other Financial Instruments Carrying               
                Values and Fair values (Details)                                 
104: R76         Commitments and Contingencies - Additional          HTML     38K  
                Information (Details)                                            
70: R77         Shareholders' Equity, Noncontrolling Interests and  HTML     42K 
                Other Comprehensive Income - Common Shares and                   
                Units - Additional Information (Details)                         
21: R78         Shareholders' Equity, Noncontrolling Interests and  HTML     50K 
                Other Comprehensive Income - ATM Program -                       
                Additional Information (Details)                                 
42: R79         Shareholders' Equity, Noncontrolling Interests and  HTML     49K 
                Other Comprehensive Income - Share Repurchases -                 
                Additional Information (Details)                                 
24: R80         Shareholders' Equity, Noncontrolling Interests and  HTML     63K 
                Other Comprehensive Income - Schedule of Dividends               
                Declared and paid (Details)                                      
39: R81         Shareholders' Equity, Noncontrolling Interests and  HTML     55K 
                Other Comprehensive Income - Summary of Activity                 
                in Accumulated Other Comprehensive Income                        
                (Details)                                                        
102: R82         Shareholders' Equity, Noncontrolling Interests and  HTML     95K  
                Other Comprehensive Income - Summary of Change in                
                Noncontrolling Interest (Details)                                
68: R83         Shareholders' Equity, Noncontrolling Interests and  HTML     53K 
                Other Comprehensive Income - Summary of Change in                
                Noncontrolling Interest (Parenthetical) (Details)                
25: R84         Shareholders' Equity, Noncontrolling Interests and  HTML     90K 
                Other Comprehensive Income - Preferred OP Units -                
                Additional Information (Details)                                 
40: R85         Leases - Operating Leases - Additional Information  HTML     97K 
                (Details)                                                        
103: R86         Leases - Schedule of Lease Cost (Details)           HTML     60K  
69: R87         Leases - Schedule of Future Minimum Rental          HTML     65K 
                Revenues and Payments for Operating and Capital                  
                Leases (Details)                                                 
22: R88         Leases - Schedule of Future Minimum Rental          HTML     36K 
                Revenues and Payments for Operating and Capital                  
                Leases (Parenthetical) (Details)                                 
43: R89         Segment Reporting - Additional Information          HTML     36K 
                (Details)                                                        
59: R90         Segment Reporting - Summary of Segment Information  HTML    139K 
                (Details)                                                        
16: R91         Share Incentive and Other Compensation -            HTML    153K 
                Additional Information (Details)                                 
86: R92         Share Incentive and Other Compensation - Schedule   HTML     69K 
                of Unvested Shares and LTIP Units (Details)                      
96: R93         Share Incentive and Other Compensation - Employee   HTML     45K 
                Share Purchase Plan and Deferred Share Plan -                    
                Additional Information (Details)                                 
58: R94         Share Incentive and Other Compensation - Employee   HTML     44K 
                401 (k) Plan - Additional Information (Details)                  
14: R95         Earnings Per Common Share - Additional Information  HTML     39K 
                (Details)                                                        
85: R96         Earnings Per Common Share (Details)                 HTML     80K 
95: R97         Subsequent Events - Additional Information          HTML    108K 
                (Details)                                                        
60: XML         IDEA XML File -- Filing Summary                      XML    221K 
15: XML         XBRL Instance -- akr-10q_20190930_htm                XML   9.76M 
27: EXCEL       IDEA Workbook of Financial Reports                  XLSX    153K 
 7: EX-101.CAL  XBRL Calculations -- akr-20190930_cal                XML    343K 
 8: EX-101.DEF  XBRL Definitions -- akr-20190930_def                 XML   1.44M 
 9: EX-101.LAB  XBRL Labels -- akr-20190930_lab                      XML   2.19M 
10: EX-101.PRE  XBRL Presentations -- akr-20190930_pre               XML   2.01M 
 6: EX-101.SCH  XBRL Schema -- akr-20190930                          XSD    354K 
112: JSON        XBRL Instance as JSON Data -- MetaLinks              547±   942K  
30: ZIP         XBRL Zipped Folder -- 0001564590-19-037806-xbrl      Zip    398K

‘EX-101.LAB’   —   XBRL Labels — akr-20190930_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
<?xml version="1.0" standalone="yes" encoding="windows-1252"?>
<!-- DFIN ActiveDisclosure(SM) XBRL Linkbase Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date : 2019-10-25T00:12:17.9680056+00:00 -->
<!-- Version : 5.0.0.208 -->
<!-- Package ID : a9f9fa19ba8942c18dd2d589e63a0587 -->
<!-- Copyright (c) 2019 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://fasb.org/us-gaap/role/label/axisDefault" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd#axisDefault" xlink:type="simple"/>
<link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Central Index Key </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_RealEstateUnderDevelopment" xlink:type="locator" xlink:label="akr_RealEstateUnderDevelopment"/>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateUnderDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Real estate under development. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RealEstateUnderDevelopment" xlink:to="akr_RealEstateUnderDevelopment_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AboveMarketGroundLeaseGross" xlink:type="locator" xlink:label="akr_AboveMarketGroundLeaseGross"/>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Above-market ground lease, gross. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AboveMarketGroundLeaseGross" xlink:to="akr_AboveMarketGroundLeaseGross_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AboveMarketGroundLeaseAccumulatedAmortization" xlink:type="locator" xlink:label="akr_AboveMarketGroundLeaseAccumulatedAmortization"/>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Above-market ground lease, accumulated amortization. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AboveMarketGroundLeaseAccumulatedAmortization" xlink:to="akr_AboveMarketGroundLeaseAccumulatedAmortization_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleLiabilitiesGross" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleLiabilitiesGross"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible liabilities, gross. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleLiabilitiesGross" xlink:to="akr_FiniteLivedIntangibleLiabilitiesGross_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible liabilities, accumulated amortization. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization" xlink:to="akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_PropertyOperatingExpensesAndRealEstateTaxes" xlink:type="locator" xlink:label="akr_PropertyOperatingExpensesAndRealEstateTaxes"/>
<link:label xml:lang="en-US" xlink:label="akr_PropertyOperatingExpensesAndRealEstateTaxes_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Property operating expenses and real estate taxes. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PropertyOperatingExpensesAndRealEstateTaxes" xlink:to="akr_PropertyOperatingExpensesAndRealEstateTaxes_lbl"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract"/>
<link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cover [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Registrant Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Registrant Name </link:label>
<link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Entity Central Index Key </link:label>
<link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Central Index Key </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate"/>
<link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Current Fiscal Year End Date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Current Fiscal Year End Date </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol"/>
<link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Trading Symbol </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Trading Symbol </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFilerCategory" xlink:type="locator" xlink:label="dei_EntityFilerCategory"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityFilerCategory_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Filer Category </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityFilerCategory_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Filer Category </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntitySmallBusiness" xlink:type="locator" xlink:label="dei_EntitySmallBusiness"/>
<link:label xml:lang="en-US" xlink:label="dei_EntitySmallBusiness_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Small Business </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntitySmallBusiness_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Small Business </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Emerging Growth Company </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Emerging Growth Company </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Document Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Document Type </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Document Period End Date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Document Period End Date </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalYearFocus"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Document Fiscal Year Focus </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Document Fiscal Year Focus </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalPeriodFocus"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Document Fiscal Period Focus </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Document Fiscal Period Focus </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag"/>
<link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amendment Flag </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Amendment Flag </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:type="locator" xlink:label="dei_EntityCommonStockSharesOutstanding"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Common Stock, Shares Outstanding </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Common Stock Shares Outstanding </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:type="locator" xlink:label="dei_EntityCurrentReportingStatus"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Current Reporting Status </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Current Reporting Status </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityShellCompany" xlink:type="locator" xlink:label="dei_EntityShellCompany"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityShellCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Shell Company </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityShellCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Shell Company </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity File Number </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity File Number </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Tax Identification Number </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Tax Identification Number </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Address, Address Line One </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Address Address Line1 </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Address, Address Line Two </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Address Address Line2 </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Address, City or Town </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Address City Or Town </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Address, State or Province </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Address State Or Province </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Address, Postal Zip Code </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Address Postal Zip Code </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode"/>
<link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> City Area Code </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> City Area Code </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber"/>
<link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Local Phone Number </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Local Phone Number </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:type="locator" xlink:label="dei_EntityInteractiveDataCurrent"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Interactive Data Current </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Interactive Data Current </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle"/>
<link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Title of 12(b) Security </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Security12b Title </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName"/>
<link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Security Exchange Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Security Exchange Name </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentQuarterlyReport" xlink:type="locator" xlink:label="dei_DocumentQuarterlyReport"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Document Quarterly Report </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Document Quarterly Report </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentTransitionReport" xlink:type="locator" xlink:label="dei_DocumentTransitionReport"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentTransitionReport_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Document Transition Report </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_DocumentTransitionReport_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Document Transition Report </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity Incorporation, State or Country Code </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity Incorporation State Country Code </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates" xlink:type="locator" xlink:label="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates"/>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Carrying amount as of the balance sheet date of distribution in excess of income from, and investments in, unconsolidated affiliates. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates" xlink:to="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfFinancialPositionAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Of Financial Position [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsAbstract" xlink:type="locator" xlink:label="us-gaap_AssetsAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> ASSETS </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Assets [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestmentPropertyNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating real estate, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Investment Property Net </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateUnderDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real estate under development </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateUnderDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Under Development </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateInvestments" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net investments in real estate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestments" xlink:to="us-gaap_RealEstateInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageLoansOnRealEstate" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Notes receivable, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Investments in and advances to unconsolidated affiliates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investments In Affiliates Subsidiaries Associates And Joint Ventures </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssets" xlink:type="locator" xlink:label="us-gaap_OtherAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other assets, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash and cash equivalents </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cash And Cash Equivalents At Carrying Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:type="locator" xlink:label="us-gaap_RestrictedCashAndCashEquivalents"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Restricted cash </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="us-gaap_RestrictedCashAndCashEquivalents_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Restricted Cash And Cash Equivalents </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:type="locator" xlink:label="us-gaap_AccountsReceivableNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Rents receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNet" xlink:to="us-gaap_AccountsReceivableNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accounts Receivable Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:type="locator" xlink:label="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Assets of properties held for sale </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:to="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Assets Of Disposal Group Including Discontinued Operation </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:type="locator" xlink:label="us-gaap_Assets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> LIABILITIES </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Liabilities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuredDebt" xlink:type="locator" xlink:label="us-gaap_SecuredDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgage and other notes payable, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebt" xlink:to="us-gaap_SecuredDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Secured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnsecuredDebt" xlink:type="locator" xlink:label="us-gaap_UnsecuredDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unsecured notes payable, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebt" xlink:to="us-gaap_UnsecuredDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Unsecured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accounts payable and other liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accounts Payable And Accrued Liabilities Current And Noncurrent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Dividends and distributions payable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:to="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends Payable Current And Noncurrent </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Distributions in excess of income from, and investments in, unconsolidated affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Liabilities" xlink:type="locator" xlink:label="us-gaap_Liabilities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingencies"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Commitments and contingencies </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Commitments And Contingencies </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityAbstract" xlink:type="locator" xlink:label="us-gaap_EquityAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> EQUITY </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acadia Shareholders' Equity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stockholders Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValue" xlink:type="locator" xlink:label="us-gaap_CommonStockValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Common shares, $0.001 par value, authorized 200,000,000 shares, issued and outstanding 86,644,196 and 81,557,472 shares, respectively </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:type="locator" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Additional paid-in capital </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Additional Paid In Capital Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="locator" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accumulated other comprehensive (loss) income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accumulated Other Comprehensive Income Loss Net Of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="locator" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Distributions in excess of accumulated earnings </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Retained Earnings Accumulated Deficit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:type="locator" xlink:label="us-gaap_StockholdersEquity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total Acadia shareholders’ equity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stockholders Equity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterest" xlink:type="locator" xlink:label="us-gaap_MinorityInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Noncontrolling interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterest" xlink:to="us-gaap_MinorityInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minority Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total equity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stockholders Equity Including Portion Attributable To Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total liabilities and equity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Liabilities And Stockholders Equity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:type="locator" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Common shares, par value (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock Par Or Stated Value Per Share </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:type="locator" xlink:label="us-gaap_CommonStockSharesAuthorized"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Common shares, authorized (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock Shares Authorized </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:type="locator" xlink:label="us-gaap_CommonStockSharesIssued"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Common shares, issued (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock Shares Issued </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:type="locator" xlink:label="us-gaap_CommonStockSharesOutstanding"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Common shares, outstanding (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock Shares Outstanding </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:type="locator" xlink:label="us-gaap_IncomeStatementAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Statement [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:type="locator" xlink:label="us-gaap_StatementTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Statement [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductOrServiceAxis" xlink:type="locator" xlink:label="srt_ProductOrServiceAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Product and Service </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Product Or Service [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductsAndServicesDomain" xlink:type="locator" xlink:label="srt_ProductsAndServicesDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Product and Service </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductsAndServicesDomain" xlink:to="srt_ProductsAndServicesDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Products And Services [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateOtherMember" xlink:type="locator" xlink:label="us-gaap_RealEstateOtherMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateOtherMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateOtherMember" xlink:to="us-gaap_RealEstateOtherMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateOtherMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Other [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:type="locator" xlink:label="us-gaap_StatementLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Statement [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLeaseIncomeLeasePayments" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseLeaseIncomeLeasePayments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Rental income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLeaseIncomeLeasePayments" xlink:to="us-gaap_OperatingLeaseLeaseIncomeLeasePayments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Lease Income Lease Payments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseVariableLeaseIncome" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseVariableLeaseIncome"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseVariableLeaseIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Expense reimbursements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseVariableLeaseIncome" xlink:to="us-gaap_OperatingLeaseVariableLeaseIncome_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseVariableLeaseIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Variable Lease Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:type="locator" xlink:label="us-gaap_Revenues"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Revenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Revenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Revenues </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:type="locator" xlink:label="us-gaap_OperatingExpensesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating expenses </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Expenses [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:type="locator" xlink:label="us-gaap_DepreciationAndAmortization"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Depreciation and amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Depreciation And Amortization </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator" xlink:label="us-gaap_GeneralAndAdministrativeExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> General and administrative </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> General And Administrative Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateTaxExpense" xlink:type="locator" xlink:label="us-gaap_RealEstateTaxExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateTaxExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real estate taxes </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateTaxExpense" xlink:to="us-gaap_RealEstateTaxExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateTaxExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Tax Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:type="locator" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Property operating </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Direct Costs Of Leased And Rented Property Or Equipment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:type="locator" xlink:label="us-gaap_AssetImpairmentCharges"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Impairment charge </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="us-gaap_AssetImpairmentCharges_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Asset Impairment Charges </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCostAndExpenseOperating" xlink:type="locator" xlink:label="us-gaap_OtherCostAndExpenseOperating"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherCostAndExpenseOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other operating </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCostAndExpenseOperating" xlink:to="us-gaap_OtherCostAndExpenseOperating_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherCostAndExpenseOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Cost And Expense Operating </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpenses" xlink:type="locator" xlink:label="us-gaap_OperatingExpenses"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total operating expenses </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Expenses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:type="locator" xlink:label="us-gaap_GainLossOnSaleOfProperties"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Gain on disposition of properties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfProperties" xlink:to="us-gaap_GainLossOnSaleOfProperties_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Gain Loss On Sale Of Properties </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:type="locator" xlink:label="us-gaap_OperatingIncomeLoss"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Operating income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Income Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity in earnings of unconsolidated affiliates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Loss From Equity Method Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:type="locator" xlink:label="us-gaap_InvestmentIncomeInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Interest income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investment Income Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncome" xlink:type="locator" xlink:label="us-gaap_OtherIncome"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:type="locator" xlink:label="us-gaap_InterestAndDebtExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Interest expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDebtExpense" xlink:to="us-gaap_InterestAndDebtExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest And Debt Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Income (loss) from continuing operations before income taxes </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_IncomeTaxExpenseBenefit"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Income tax provision </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Tax Expense Benefit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:type="locator" xlink:label="us-gaap_ProfitLoss"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net income (loss) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Profit Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Net loss attributable to noncontrolling interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Income Loss Attributable To Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="locator" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net income attributable to Acadia </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Income Loss Available To Common Stockholders Basic </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:type="locator" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Basic and diluted earnings per share (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Earnings Per Share Basic And Diluted </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Of Income And Comprehensive Income [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Net income (loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other comprehensive (loss) income: </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unrealized (loss) income on valuation of swap agreements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Reclassification of realized interest on swap agreements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Comprehensive Income Loss Reclassification Adjustment From A O C I On Derivatives Net Of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Other comprehensive (loss) income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Comprehensive Income Loss Net Of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Comprehensive (loss) income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Comprehensive loss attributable to noncontrolling interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:type="locator" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Comprehensive (loss) income attributable to Acadia </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Comprehensive Income Net Of Tax </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts" xlink:type="locator" xlink:label="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts"/>
<link:label xml:lang="en-US" xlink:label="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Stock Issued During Period, Value, Net of Issuance Costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts" xlink:to="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders" xlink:type="locator" xlink:label="akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders"/>
<link:label xml:lang="en-US" xlink:label="akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Minority interest increase from contribution to noncontrolling interest holders. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders" xlink:to="akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest" xlink:type="locator" xlink:label="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Adjustments to additional paid in capital, reallocation of noncontrolling interest. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest" xlink:to="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Of Stockholders Equity [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:type="locator" xlink:label="us-gaap_StatementEquityComponentsAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity Components </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Equity Components [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityComponentDomain" xlink:type="locator" xlink:label="us-gaap_EquityComponentDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity Component </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Component [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:type="locator" xlink:label="us-gaap_CommonStockMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Common Shares </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:type="locator" xlink:label="us-gaap_AdditionalPaidInCapitalMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Additional Paid-in Capital </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Additional Paid In Capital [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:type="locator" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> AOCI Attributable to Parent </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accumulated Other Comprehensive Income [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:type="locator" xlink:label="us-gaap_RetainedEarningsMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Retained Earnings </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Retained Earnings [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ParentMember" xlink:type="locator" xlink:label="us-gaap_ParentMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ParentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Parent </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_ParentMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ParentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Parent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:type="locator" xlink:label="us-gaap_NoncontrollingInterestMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Noncontrolling Interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestMember" xlink:to="us-gaap_NoncontrollingInterestMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Noncontrolling Interest [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Increase (Decrease) in Stockholders' Equity [Roll Forward] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Stockholders Equity Roll Forward </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Beginning Balance </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Balance (in Shares) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Conversion of OP Units to Common Shares by limited partners of the Operating Partnership </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Value Conversion Of Units </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (in Shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:to="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Shares Conversion Of Units </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:type="locator" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Repurchase of Common Shares </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedDuringPeriodValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Repurchased During Period Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:type="locator" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Repurchase of Common Shares (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedDuringPeriodShares_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Repurchased During Period Shares </link:label>
<link:label xml:lang="en-US" xlink:label="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Issuance of Common Shares </link:label>
<link:label xml:lang="en-US" xlink:label="akr_StockIssuedDuringPeriodValueNetOfIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Value Net Of Issuance Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Issuance of Common Shares (in Shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Shares New Issues </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsCommonStock" xlink:type="locator" xlink:label="us-gaap_DividendsCommonStock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Dividends/distributions declared ($0.28, $0.27, $0.84 and $0.81 per Common Share/OP Unit for three months and nine months ended September 30, 2019 and 2018) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsCommonStock" xlink:to="us-gaap_DividendsCommonStock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee and trustee stock compensation, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures" xlink:to="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee and trustee stock compensation, net (in Shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures" xlink:to="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="locator" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Noncontrolling interest distributions </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minority Interest Decrease From Distributions To Noncontrolling Interest Holders </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Noncontrolling interest contributions </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MinorityInterestIncreaseFromContributionToNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minority Interest Increase From Contribution To Noncontrolling Interest Holders </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Comprehensive (loss) income </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Reallocation of noncontrolling interests </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Adjustments To Additional Paid In Capital Reallocation Of Noncontrolling Interest </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Ending Balance </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Balance (in Shares) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:type="locator" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash dividends declared per common share (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsPerShareDeclared" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Common Stock Dividends Per Share Declared </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates" xlink:type="locator" xlink:label="akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates"/>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Distributions of operating income from unconsolidated affiliates. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates" xlink:to="akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DeferredGainLossOnTaxCredits" xlink:type="locator" xlink:label="akr_DeferredGainLossOnTaxCredits"/>
<link:label xml:lang="en-US" xlink:label="akr_DeferredGainLossOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Deferred gain loss on tax credits. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DeferredGainLossOnTaxCredits" xlink:to="akr_DeferredGainLossOnTaxCredits_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther" xlink:type="locator" xlink:label="akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther"/>
<link:label xml:lang="en-US" xlink:label="akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Investments in and advances to unconsolidated affiliates and other. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther" xlink:to="akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther" xlink:type="locator" xlink:label="akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther"/>
<link:label xml:lang="en-US" xlink:label="akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> The cash inflow from unconsolidated affiliates by return of capital and other. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther" xlink:to="akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfCashFlowsAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Of Cash Flows [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> CASH FLOWS FROM OPERATING ACTIVITIES </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Cash Provided By Used In Operating Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Adjustments to reconcile net income (loss) to net cash provided by operating activities: </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:type="locator" xlink:label="us-gaap_DepreciationDepletionAndAmortization"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Depreciation and amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Depreciation Depletion And Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Distributions of operating income from unconsolidated affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsOfOperatingIncomeFromUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Distributions Of Operating Income From Unconsolidated Affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Equity in earnings and gains of unconsolidated affiliates </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensation"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Stock compensation expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:type="locator" xlink:label="us-gaap_AmortizationOfFinancingCosts"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amortization of financing costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Amortization Of Financing Costs </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Gain on disposition of properties </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredGainLossOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Deferred gain on tax credits </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredGainLossOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Gain Loss On Tax Credits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:type="locator" xlink:label="us-gaap_OtherNoncashIncomeExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherNoncashIncomeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Other, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNoncashIncomeExpense" xlink:to="us-gaap_OtherNoncashIncomeExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherNoncashIncomeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Noncash Income Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Changes in assets and liabilities: </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Operating Capital [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Other Operating Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Prepaid expenses and other assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Prepaid Deferred Expense And Other Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Rents receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Accounts Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accounts payable and accrued expenses </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Accounts Payable And Accrued Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net cash provided by operating activities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Cash Provided By Used In Operating Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> CASH FLOWS FROM INVESTING ACTIVITIES </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Cash Provided By Used In Investing Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireRealEstate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Acquisition of real estate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstate" xlink:to="us-gaap_PaymentsToAcquireRealEstate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments To Acquire Real Estate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToDevelopRealEstateAssets" xlink:type="locator" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Development, construction and property improvement costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToDevelopRealEstateAssets" xlink:to="us-gaap_PaymentsToDevelopRealEstateAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments To Develop Real Estate Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Issuance of or advances on notes receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireNotesReceivable" xlink:to="us-gaap_PaymentsToAcquireNotesReceivable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments To Acquire Notes Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds from the disposition of properties, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Sale Of Real Estate Heldforinvestment </link:label>
<link:label xml:lang="en-US" xlink:label="akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Investments in and advances to unconsolidated affiliates and other </link:label>
<link:label xml:lang="en-US" xlink:label="akr_InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investments In And Advances To Unconsolidated Affiliates And Other </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Return of capital from unconsolidated affiliates and other </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Return Of Capital From Unconsolidated Affiliates And Other </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:type="locator" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds from notes receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:to="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Collection Of Notes Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfEquityMethodInvestments" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfEquityMethodInvestments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Return of deposits for properties under contract </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfEquityMethodInvestments" xlink:to="us-gaap_ProceedsFromSaleOfEquityMethodInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Sale Of Equity Method Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForLeasingCosts" xlink:type="locator" xlink:label="us-gaap_PaymentsForLeasingCosts"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForLeasingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Payment of deferred leasing costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForLeasingCosts" xlink:to="us-gaap_PaymentsForLeasingCosts_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForLeasingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments For Leasing Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net cash used in investing activities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Cash Provided By Used In Investing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> CASH FLOWS FROM FINANCING ACTIVITIES </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Cash Provided By Used In Financing Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfSecuredDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Principal payments on mortgage and other notes </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfSecuredDebt" xlink:to="us-gaap_RepaymentsOfSecuredDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Repayments Of Secured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfUnsecuredDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfUnsecuredDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfUnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Principal payments on unsecured debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfUnsecuredDebt" xlink:to="us-gaap_RepaymentsOfUnsecuredDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfUnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Repayments Of Unsecured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:type="locator" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds received on mortgage and other notes </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Issuance Of Secured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:type="locator" xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds from unsecured debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Issuance Of Unsecured Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="locator" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Payments for repurchase of Common Shares </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments For Repurchase Of Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeasePrincipalPayments" xlink:type="locator" xlink:label="us-gaap_FinanceLeasePrincipalPayments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeasePrincipalPayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Payments of finance lease obligations </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeasePrincipalPayments" xlink:to="us-gaap_FinanceLeasePrincipalPayments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeasePrincipalPayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Principal Payments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:type="locator" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds from the sale of Common Stock, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Issuance Of Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:type="locator" xlink:label="us-gaap_ProceedsFromMinorityShareholders"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital contributions from noncontrolling interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromMinorityShareholders" xlink:to="us-gaap_ProceedsFromMinorityShareholders_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Minority Shareholders </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:type="locator" xlink:label="us-gaap_PaymentsToMinorityShareholders"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Distributions to noncontrolling interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToMinorityShareholders" xlink:to="us-gaap_PaymentsToMinorityShareholders_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments To Minority Shareholders </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:type="locator" xlink:label="us-gaap_PaymentsOfDividendsCommonStock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Dividends paid to Common Shareholders </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividendsCommonStock" xlink:to="us-gaap_PaymentsOfDividendsCommonStock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments Of Dividends Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentOfFinancingAndStockIssuanceCosts" xlink:type="locator" xlink:label="us-gaap_PaymentOfFinancingAndStockIssuanceCosts"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentOfFinancingAndStockIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Deferred financing and other costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentOfFinancingAndStockIssuanceCosts" xlink:to="us-gaap_PaymentOfFinancingAndStockIssuanceCosts_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentOfFinancingAndStockIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payment Of Financing And Stock Issuance Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net cash provided by (used in) financing activities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Cash Provided By Used In Financing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:type="locator" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Increase (decrease) in cash and restricted cash </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="locator" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Cash of $21,268 and $74,823 and restricted cash of $13,580 and $10,846, respectively, beginning of period </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Cash of $48,140 and $9,525 and restricted cash of $12,867 and $12,508, respectively, end of period </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Cash and cash equivalents, beginning balance </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Cash and cash equivalents, ending balance </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Restricted cash, beginning balance </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Restricted cash, ending balance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidCapitalized" xlink:type="locator" xlink:label="us-gaap_InterestPaidCapitalized"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestPaidCapitalized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash paid for capitalized interest </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidCapitalized" xlink:to="us-gaap_InterestPaidCapitalized_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestPaidCapitalized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest Paid Capitalized </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease" xlink:type="locator" xlink:label="akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease"/>
<link:label xml:lang="en-US" xlink:label="akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Right-of-use assets, finance leases obtained in exchange for assets under capital lease. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease" xlink:to="akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability" xlink:type="locator" xlink:label="akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability"/>
<link:label xml:lang="en-US" xlink:label="akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Capital lease obligation exchanged for finance lease liability. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability" xlink:to="akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities" xlink:type="locator" xlink:label="akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities"/>
<link:label xml:lang="en-US" xlink:label="akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Other liabilities exchanged for operating lease liabilities. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities" xlink:to="akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates" xlink:type="locator" xlink:label="akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates"/>
<link:label xml:lang="en-US" xlink:label="akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Assumption of debt through investments in unconsolidated affiliates. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates" xlink:to="akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable" xlink:type="locator" xlink:label="akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable"/>
<link:label xml:lang="en-US" xlink:label="akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Acquisition of undivided interest in a property through conversion of notes receivable. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable" xlink:to="akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DebtExchangedForDeferredGainOnTaxCredits" xlink:type="locator" xlink:label="akr_DebtExchangedForDeferredGainOnTaxCredits"/>
<link:label xml:lang="en-US" xlink:label="akr_DebtExchangedForDeferredGainOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Debt exchanged for deferred gain on tax credits. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DebtExchangedForDeferredGainOnTaxCredits" xlink:to="akr_DebtExchangedForDeferredGainOnTaxCredits_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OtherAssetsExchangedForDeferredGainOnTaxCredits" xlink:type="locator" xlink:label="akr_OtherAssetsExchangedForDeferredGainOnTaxCredits"/>
<link:label xml:lang="en-US" xlink:label="akr_OtherAssetsExchangedForDeferredGainOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Other assets exchanged for deferred gain on tax credits. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OtherAssetsExchangedForDeferredGainOnTaxCredits" xlink:to="akr_OtherAssetsExchangedForDeferredGainOnTaxCredits_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:type="locator" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Supplemental disclosure of cash flow information </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Supplemental Cash Flow Information [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidNet" xlink:type="locator" xlink:label="us-gaap_InterestPaidNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestPaidNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash paid during the period for interest, net of capitalized interest of $8,430 and $4,366 respectively </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestPaidNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest Paid Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:type="locator" xlink:label="us-gaap_IncomeTaxesPaidNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash paid for income taxes, net of refunds </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Taxes Paid Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Supplemental disclosure of non-cash investing and financing activities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cash Flow Noncash Investing And Financing Activities Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:type="locator" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Assumption of accounts payable and accrued expenses through acquisition of real estate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Noncash Or Part Noncash Acquisition Payables Assumed1 </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:type="locator" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Right-of-use assets, finance leases obtained in exchange for finance lease liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability" xlink:to="us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Right Of Use Asset Obtained In Exchange For Finance Lease Liability </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Right-of-use assets, finance leases obtained in exchange for assets under capital lease </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Right Of Use Assets Finance Leases Obtained In Exchange For Assets Under Capital Lease </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="locator" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Right-of-use assets, operating leases obtained in exchange for operating lease liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Right Of Use Asset Obtained In Exchange For Operating Lease Liability </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital lease obligation exchanged for finance lease liability </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CapitalLeaseObligationExchangedForFinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Capital Lease Obligation Exchanged For Finance Lease Liability </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other liabilities exchanged for operating lease liabilities </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OtherLiabilitiesExchangedForOperatingLeaseLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Liabilities Exchanged For Operating Lease Liabilities </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Assumption of debt through investments in unconsolidated affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Assumption Of Debt Through Investments In Unconsolidated Affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acquisition of undivided interest in a property through conversion of notes receivable </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acquisition Of Undivided Interest In Property Through Conversion Of Notes Receivable </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtExchangedForDeferredGainOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt exchanged for deferred gain on tax credits </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtExchangedForDeferredGainOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Exchanged For Deferred Gain On Tax Credits </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OtherAssetsExchangedForDeferredGainOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other assets exchanged for deferred gain on tax credits </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OtherAssetsExchangedForDeferredGainOnTaxCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Assets Exchanged For Deferred Gain On Tax Credits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:type="locator" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Organization Consolidation And Presentation Of Financial Statements [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock" xlink:type="locator" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Organization, Basis of Presentation and Summary of Significant Accounting Policies </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AcquisitionAndDispositionOfPropertiesAndDiscontinuedOperationsAbstract" xlink:type="locator" xlink:label="akr_AcquisitionAndDispositionOfPropertiesAndDiscontinuedOperationsAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_AcquisitionAndDispositionOfPropertiesAndDiscontinuedOperationsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Acquisition and disposition of properties and discontinued operations. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AcquisitionAndDispositionOfPropertiesAndDiscontinuedOperationsAbstract" xlink:to="akr_AcquisitionAndDispositionOfPropertiesAndDiscontinuedOperationsAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_AcquisitionAndDispositionOfPropertiesAndDiscontinuedOperationsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acquisition And Disposition Of Properties And Discontinued Operations [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_RealEstateDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real Estate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateDisclosureTextBlock" xlink:to="us-gaap_RealEstateDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:type="locator" xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accounts And Notes Receivable Net [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:to="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Notes Receivable, Net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:to="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Loans Notes Trade And Other Receivables Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investments And Joint Ventures [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Investments in and Advances to Unconsolidated Affiliates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investments In And Advances To Affiliates Schedule Of Investments [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:type="locator" xlink:label="akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Other assets and other liabilities. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock" xlink:to="akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:to="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other Assets, Net and Accounts Payable and Other Liabilities </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Assets And Other Liabilities Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Goodwill And Intangible Assets Disclosure [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lease Intangibles </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:to="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Intangible Assets Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_DebtDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Disclosure [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_DebtDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:type="locator" xlink:label="us-gaap_FairValueDisclosuresAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Disclosures [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativesAndFairValueTextBlock" xlink:type="locator" xlink:label="us-gaap_DerivativesAndFairValueTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Financial Instruments and Fair Value Measurements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesAndFairValueTextBlock" xlink:to="us-gaap_DerivativesAndFairValueTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivatives And Fair Value [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Commitments And Contingencies Disclosure [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Commitments and Contingencies </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Commitments And Contingencies Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stockholders Equity Note Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeasesAbstract" xlink:type="locator" xlink:label="us-gaap_LeasesAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeasesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Leases [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeasesAbstract" xlink:to="us-gaap_LeasesAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeasesOfLessorDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_LeasesOfLessorDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeasesOfLessorDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Leases </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeasesOfLessorDisclosureTextBlock" xlink:to="us-gaap_LeasesOfLessorDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeasesOfLessorDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Leases Of Lessor Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:type="locator" xlink:label="us-gaap_SegmentReportingAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Segment Reporting [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:type="locator" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Segment Reporting </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Segment Reporting Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="locator" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:type="locator" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Share Incentive and Other Compensation </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disclosure Of Compensation Related Costs Share Based Payments [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:type="locator" xlink:label="us-gaap_EarningsPerShareAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Earnings Per Share [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:type="locator" xlink:label="us-gaap_EarningsPerShareTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Earnings Per Common Share </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Earnings Per Share [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:type="locator" xlink:label="us-gaap_SubsequentEventsAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Events [Abstract] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:type="locator" xlink:label="us-gaap_SubsequentEventsTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subsequent Events </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Events [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Segments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:to="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Segment Reporting Policy Policy [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_ConsolidationPolicyTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Principles of Consolidation </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Consolidation Policy [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UseOfEstimates" xlink:type="locator" xlink:label="us-gaap_UseOfEstimates"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Use of Estimates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Use Of Estimates </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:type="locator" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Reclassifications </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:to="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Prior Period Reclassification Adjustment Description </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Recently Issued Accounting Pronouncements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> New Accounting Pronouncements Policy Policy [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfCapitalUnitsTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfCapitalUnitsTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfCapitalUnitsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Operating Partnership's Equity Interest </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCapitalUnitsTextBlock" xlink:to="us-gaap_ScheduleOfCapitalUnitsTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfCapitalUnitsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Capital Units [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Consolidated Real Estate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock" xlink:to="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Real Estate Properties Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Business Acquisitions, by Acquisition </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Business Acquisitions By Acquisition [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Purchase Price Allocations </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:to="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed Table [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScheduleOfPropertyDispositionsTableTextBlock" xlink:type="locator" xlink:label="akr_ScheduleOfPropertyDispositionsTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfPropertyDispositionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Schedule of property dispositions. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScheduleOfPropertyDispositionsTableTextBlock" xlink:to="akr_ScheduleOfPropertyDispositionsTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfPropertyDispositionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Property Dispositions </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfPropertyDispositionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Property Dispositions Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:to="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock" xlink:type="locator" xlink:label="akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Schedule of development in process activities. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock" xlink:to="akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Development in Process Activities </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfDevelopmentInProcessActivitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Development In Process Activities Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Notes Receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Accounts Notes Loans And Financing Receivable [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Equity Method Investments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsTextBlock" xlink:to="us-gaap_EquityMethodInvestmentsTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investments [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScheduleOfCondensedBalanceSheetTableTextBlock" xlink:type="locator" xlink:label="srt_ScheduleOfCondensedBalanceSheetTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="srt_ScheduleOfCondensedBalanceSheetTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Condensed Balance Sheet </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfCondensedBalanceSheetTableTextBlock" xlink:to="srt_ScheduleOfCondensedBalanceSheetTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ScheduleOfCondensedBalanceSheetTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Condensed Balance Sheet Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScheduleOfCondensedIncomeStatementTableTextBlock" xlink:type="locator" xlink:label="srt_ScheduleOfCondensedIncomeStatementTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="srt_ScheduleOfCondensedIncomeStatementTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Condensed Income Statement </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfCondensedIncomeStatementTableTextBlock" xlink:to="srt_ScheduleOfCondensedIncomeStatementTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ScheduleOfCondensedIncomeStatementTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Condensed Income Statement Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Other Assets and Other Liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Other Assets And Other Liabilities Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Intangible Assets and Liabilities Included in Other Assets and Other Liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Finite Lived Intangible Assets Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scheduled Amortization of Acquired Lease Intangible Assets and Assumed Liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock" xlink:to="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scheduleof Finite Lived Intangible Assets Future Amortization Expense Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDebtTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Summary of Consolidated Indebtedness </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfDebtTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Debt Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scheduled Principal Repayments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Maturities Of Long Term Debt Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Derivative Financial Instruments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Derivative Instruments In Statement Of Financial Position Fair Value [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:type="locator" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Other Financial Instruments Carrying Values and Fair values </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value By Balance Sheet Grouping [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsDeclaredTableTextBlock" xlink:type="locator" xlink:label="us-gaap_DividendsDeclaredTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsDeclaredTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Dividends Declared and Paid </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsDeclaredTableTextBlock" xlink:to="us-gaap_DividendsDeclaredTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsDeclaredTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends Declared Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Summary of Activity in Accumulated Other Comprehensive Income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Reclassification Out Of Accumulated Other Comprehensive Income Table [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ChangeInNoncontrollingInterestsTableTextBlock" xlink:type="locator" xlink:label="akr_ChangeInNoncontrollingInterestsTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="akr_ChangeInNoncontrollingInterestsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Change in noncontrolling interests. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ChangeInNoncontrollingInterestsTableTextBlock" xlink:to="akr_ChangeInNoncontrollingInterestsTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ChangeInNoncontrollingInterestsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Summary of Change in Noncontrolling Interest </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ChangeInNoncontrollingInterestsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Change In Noncontrolling Interests Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseCostTableTextBlock" xlink:type="locator" xlink:label="us-gaap_LeaseCostTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeaseCostTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Lease Cost </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCostTableTextBlock" xlink:to="us-gaap_LeaseCostTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeaseCostTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lease Cost Table [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock" xlink:type="locator" xlink:label="akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Schedule of future minimum rental revenue and payments for operating and capital Leases. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock" xlink:to="akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScheduleOfFutureMinimumRentalRevenueAndPaymentsForOperatingAndCapitalLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Future Minimum Rental Revenue And Payments For Operating And Capital Leases Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Summary of Segment Information </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Segment Reporting Information By Segment [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Unvested Restricted Shares and LTIP Units </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Sharebased Compensation Restricted Stock And Restricted Stock Units Activity Table [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Earnings Per Share, Basic and Diluted </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Earnings Per Share Basic And Diluted Table [Text Block] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LimitedPartnershipToCommonStockConversionRatio" xlink:type="locator" xlink:label="akr_LimitedPartnershipToCommonStockConversionRatio"/>
<link:label xml:lang="en-US" xlink:label="akr_LimitedPartnershipToCommonStockConversionRatio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Limited partnership to common stock conversion ratio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LimitedPartnershipToCommonStockConversionRatio" xlink:to="akr_LimitedPartnershipToCommonStockConversionRatio_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems" xlink:type="locator" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems"/>
<link:label xml:lang="en-US" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Organization consolidation and presentation of financial statements. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems" xlink:to="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable" xlink:type="locator" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable"/>
<link:label xml:lang="en-US" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Organization, Consolidation and Presentation of Financial Statements [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable" xlink:to="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Organization Consolidation And Presentation Of Financial Statements [Table] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Organization Consolidation And Presentation Of Financial Statements [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:type="locator" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Partner Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:to="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Partner Type Of Partners Capital Account [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:type="locator" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Partner Type of Partners' Capital Account, Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:to="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Partner Type Of Partners Capital Account Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember" xlink:type="locator" xlink:label="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Acadia realty limited partnership (the operating partnership), as general partner or managing member. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember" xlink:to="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating Partnership, as General Partner or Managing Member </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingPartnershipAsGeneralPartnerOrManagingMemberMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Partnership As General Partner Or Managing Member [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_OwnershipAxis" xlink:type="locator" xlink:label="srt_OwnershipAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_OwnershipAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Ownership </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipAxis" xlink:to="srt_OwnershipAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_OwnershipAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Ownership [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_OwnershipDomain" xlink:type="locator" xlink:label="srt_OwnershipDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_OwnershipDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Ownership </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipDomain" xlink:to="srt_OwnershipDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_OwnershipDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Ownership [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AcadiaOperatingPartnershipsMember" xlink:type="locator" xlink:label="akr_AcadiaOperatingPartnershipsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_AcadiaOperatingPartnershipsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Acadia operating partnership’s. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AcadiaOperatingPartnershipsMember" xlink:to="akr_AcadiaOperatingPartnershipsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_AcadiaOperatingPartnershipsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acadia's OP Ownership </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AcadiaOperatingPartnershipsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acadia Operating Partnerships [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:type="locator" xlink:label="us-gaap_StatementBusinessSegmentsAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Segments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Business Segments [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentDomain" xlink:type="locator" xlink:label="us-gaap_SegmentDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Segments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Segment [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_CorePortfolioMember" xlink:type="locator" xlink:label="akr_CorePortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_CorePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Core portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_CorePortfolioMember" xlink:to="akr_CorePortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_CorePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Core Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CorePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Core Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OpportunityFundsMember" xlink:type="locator" xlink:label="akr_OpportunityFundsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_OpportunityFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Opportunity funds. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OpportunityFundsMember" xlink:to="akr_OpportunityFundsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OpportunityFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Opportunity Funds </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OpportunityFundsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Opportunity Funds [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_InstitutionalInvestorsMember" xlink:type="locator" xlink:label="akr_InstitutionalInvestorsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_InstitutionalInvestorsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Institutional investors. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_InstitutionalInvestorsMember" xlink:to="akr_InstitutionalInvestorsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_InstitutionalInvestorsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Institutional Investors </link:label>
<link:label xml:lang="en-US" xlink:label="akr_InstitutionalInvestorsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Institutional Investors [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Property, Plant and Equipment, Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Property Plant And Equipment By Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Property, Plant and Equipment, Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Property Plant And Equipment Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsHeldUnderCapitalLeasesMember" xlink:type="locator" xlink:label="us-gaap_AssetsHeldUnderCapitalLeasesMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsHeldUnderCapitalLeasesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital Leases Asset </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsHeldUnderCapitalLeasesMember" xlink:to="us-gaap_AssetsHeldUnderCapitalLeasesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsHeldUnderCapitalLeasesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Assets Held Under Capital Leases [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Long-term Debt, Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Longterm Debt Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Long-term Debt, Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Longterm Debt Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalLeaseObligationsMember" xlink:type="locator" xlink:label="us-gaap_CapitalLeaseObligationsMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CapitalLeaseObligationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital Lease Liability </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligationsMember" xlink:to="us-gaap_CapitalLeaseObligationsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CapitalLeaseObligationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Capital Lease Obligations [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:type="locator" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Adjustments for New Accounting Pronouncements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:to="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Adjustments For New Accounting Pronouncements [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:type="locator" xlink:label="us-gaap_TypeOfAdoptionMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Type of Adoption </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfAdoptionMember" xlink:to="us-gaap_TypeOfAdoptionMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Type Of Adoption [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingStandardsUpdate201602Member" xlink:type="locator" xlink:label="us-gaap_AccountingStandardsUpdate201602Member"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountingStandardsUpdate201602Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accounting Standards Update 2016-02 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingStandardsUpdate201602Member" xlink:to="us-gaap_AccountingStandardsUpdate201602Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountingStandardsUpdate201602Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accounting Standards Update201602 [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Organization Consolidation And Presentation Of Financial Statements [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OrganizationConsolidationAndPresentationOfFinancialStatementsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Organization Consolidation And Presentation Of Financial Statements [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="locator" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity interest held by Operating Partnership </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Limited Liability Company L L C Or Limited Partnership L P Managing Member Or General Partner Ownership Interest </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LimitedPartnershipToCommonStockConversionRatio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Limited partnership to common stock conversion ratio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LimitedPartnershipToCommonStockConversionRatio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Limited Partnership To Common Stock Conversion Ratio </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PropertiesOwnedPercentage" xlink:type="locator" xlink:label="akr_PropertiesOwnedPercentage"/>
<link:label xml:lang="en-US" xlink:label="akr_PropertiesOwnedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Properties owned percentage. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PropertiesOwnedPercentage" xlink:to="akr_PropertiesOwnedPercentage_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:type="locator" xlink:label="us-gaap_NumberOfRealEstateProperties"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of retail properties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfRealEstateProperties" xlink:to="us-gaap_NumberOfRealEstateProperties_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Real Estate Properties </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PropertiesOwnedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Properties owned percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PropertiesOwnedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Properties Owned Percentage </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_RemainingFundsRateOfDistributionToPartnership" xlink:type="locator" xlink:label="akr_RemainingFundsRateOfDistributionToPartnership"/>
<link:label xml:lang="en-US" xlink:label="akr_RemainingFundsRateOfDistributionToPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Remaining funds rate of distribution to partnership. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RemainingFundsRateOfDistributionToPartnership" xlink:to="akr_RemainingFundsRateOfDistributionToPartnership_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_RemainingFundsRateOfDistributionToAllPartners" xlink:type="locator" xlink:label="akr_RemainingFundsRateOfDistributionToAllPartners"/>
<link:label xml:lang="en-US" xlink:label="akr_RemainingFundsRateOfDistributionToAllPartners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Remaining funds rate of distribution to all partners. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RemainingFundsRateOfDistributionToAllPartners" xlink:to="akr_RemainingFundsRateOfDistributionToAllPartners_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_RemainingFundsRateOfDistributionToPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Remaining funds rate of distribution to operating partnership (in percent) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RemainingFundsRateOfDistributionToPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Remaining Funds Rate Of Distribution To Partnership </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RemainingFundsRateOfDistributionToAllPartners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Remaining funds rate of distribution to all partners (in percent) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RemainingFundsRateOfDistributionToAllPartners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Remaining Funds Rate Of Distribution To All Partners </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital" xlink:type="locator" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital"/>
<link:label xml:lang="en-US" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Limited liability company (LLC) or Limited partnership (LP), Managing member or General partner, Ownership share of capital. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital" xlink:to="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn" xlink:type="locator" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn"/>
<link:label xml:lang="en-US" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Limited liability company LLC or Limited partnership LP members or Limited partners, Preferred return. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn" xlink:to="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Variable Interest Entities [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Variable Interest Entities [Table] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIiAndMervynsIiMember" xlink:type="locator" xlink:label="akr_FundIiAndMervynsIiMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIiAndMervynsIiMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund II and Mervyns II. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIiAndMervynsIiMember" xlink:to="akr_FundIiAndMervynsIiMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIiAndMervynsIiMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund II and Mervyns II </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIiAndMervynsIiMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund Ii And Mervyns Ii [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIIIMember" xlink:type="locator" xlink:label="akr_FundIIIMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund III. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIIIMember" xlink:to="akr_FundIIIMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund III </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I I I [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIVMember" xlink:type="locator" xlink:label="akr_FundIVMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIVMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund IV. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIVMember" xlink:to="akr_FundIVMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIVMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund IV </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIVMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I V [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundVMember" xlink:type="locator" xlink:label="akr_FundVMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundVMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund V. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundVMember" xlink:to="akr_FundVMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundVMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund V </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundVMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund V [Member] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:type="locator" xlink:label="dei_LegalEntityAxis"/>
<link:label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Legal Entity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Legal Entity [Axis] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:type="locator" xlink:label="dei_EntityDomain"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Entity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Entity [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIIMember" xlink:type="locator" xlink:label="akr_FundIIMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund II. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIIMember" xlink:to="akr_FundIIMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund II </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I I [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:type="locator" xlink:label="us-gaap_VariableInterestEntityLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Interest Entity [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Interest Entity [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating Partnership Share of Capital </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipShareOfCapital_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Limited Liability Company L L C Or Limited Partnership L P Managing Member Or General Partner Ownership Share Of Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PartnersCapitalAccountContributions" xlink:type="locator" xlink:label="us-gaap_PartnersCapitalAccountContributions"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapitalAccountContributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital Called </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalAccountContributions" xlink:to="us-gaap_PartnersCapitalAccountContributions_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapitalAccountContributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Partners Capital Account Contributions </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:type="locator" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unfunded Commitment </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:to="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Preferred Return </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersPreferredReturn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Limited Liability Company L L C Or Limited Partnership L P Members Or Limited Partners Preferred Return </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PartnersCapitalAccountDistributions" xlink:type="locator" xlink:label="us-gaap_PartnersCapitalAccountDistributions"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapitalAccountDistributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Total Distributions </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalAccountDistributions" xlink:to="us-gaap_PartnersCapitalAccountDistributions_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapitalAccountDistributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Partners Capital Account Distributions </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NumberOfReportableSegments" xlink:type="locator" xlink:label="us-gaap_NumberOfReportableSegments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of reportable segments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfReportableSegments" xlink:to="us-gaap_NumberOfReportableSegments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Reportable Segments </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_CapitalizedInternalLeasingCosts" xlink:type="locator" xlink:label="akr_CapitalizedInternalLeasingCosts"/>
<link:label xml:lang="en-US" xlink:label="akr_CapitalizedInternalLeasingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Capitalized internal leasing costs. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_CapitalizedInternalLeasingCosts" xlink:to="akr_CapitalizedInternalLeasingCosts_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_LeasesFutureMinimumPaymentsDue" xlink:type="locator" xlink:label="akr_LeasesFutureMinimumPaymentsDue"/>
<link:label xml:lang="en-US" xlink:label="akr_LeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Leases future minimum payments due. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LeasesFutureMinimumPaymentsDue" xlink:to="akr_LeasesFutureMinimumPaymentsDue_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_PresentValueOfLeasePurchaseOptions" xlink:type="locator" xlink:label="akr_PresentValueOfLeasePurchaseOptions"/>
<link:label xml:lang="en-US" xlink:label="akr_PresentValueOfLeasePurchaseOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Present value of lease purchase options. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PresentValueOfLeasePurchaseOptions" xlink:to="akr_PresentValueOfLeasePurchaseOptions_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_CapitalizedInternalLeasingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capitalized internal leasing costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CapitalizedInternalLeasingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Capitalized Internal Leasing Costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Leases, future payment obligations </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Leases Future Minimum Payments Due </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating lease, right-of-use asset </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Right Of Use Asset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating lease, liability </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lessee Operating Lease Liability Payments Due </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseRightOfUseAsset" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finance lease, right-of-use asset </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAsset" xlink:to="us-gaap_FinanceLeaseRightOfUseAsset_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Right Of Use Asset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseLiability" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseLiability"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finance lease, liability </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiability" xlink:to="us-gaap_FinanceLeaseLiability_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Liability </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PresentValueOfLeasePurchaseOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Present value of lease purchase options </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PresentValueOfLeasePurchaseOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Present Value Of Lease Purchase Options </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization" xlink:type="locator" xlink:label="akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization"/>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Real estate investment property accumulated depreciation and amortization. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization" xlink:to="akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Land" xlink:type="locator" xlink:label="us-gaap_Land"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Land_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Land </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Land" xlink:to="us-gaap_Land_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_Land_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Land </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:type="locator" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Buildings and improvements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:to="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investment Building And Building Improvements </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TenantImprovements" xlink:type="locator" xlink:label="us-gaap_TenantImprovements"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TenantImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Tenant improvements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TenantImprovements" xlink:to="us-gaap_TenantImprovements_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TenantImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Tenant Improvements </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:type="locator" xlink:label="us-gaap_ConstructionInProgressGross"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Construction in progress </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressGross" xlink:to="us-gaap_ConstructionInProgressGross_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Construction In Progress Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalLeasedAssetsGross" xlink:type="locator" xlink:label="us-gaap_CapitalLeasedAssetsGross"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CapitalLeasedAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Properties under capital lease </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeasedAssetsGross" xlink:to="us-gaap_CapitalLeasedAssetsGross_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CapitalLeasedAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Capital Leased Assets Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAtCost" xlink:to="us-gaap_RealEstateInvestmentPropertyAtCost_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Investment Property At Cost </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Less: Accumulated depreciation and amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Investment Property Accumulated Depreciation And Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Operating real estate, net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DevelopmentInProcess" xlink:type="locator" xlink:label="us-gaap_DevelopmentInProcess"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DevelopmentInProcess_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Real estate under development, at cost </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DevelopmentInProcess" xlink:to="us-gaap_DevelopmentInProcess_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DevelopmentInProcess_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Development In Process </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Business Acquisitions By Acquisition [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Business Acquisitions By Acquisition [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:type="locator" xlink:label="srt_ConsolidatedEntitiesAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consolidated Entities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Consolidated Entities [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:type="locator" xlink:label="srt_ConsolidatedEntitiesDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consolidated Entities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesDomain" xlink:to="srt_ConsolidatedEntitiesDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Consolidated Entities [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BroughtonStreetPartnersIMember" xlink:type="locator" xlink:label="akr_BroughtonStreetPartnersIMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPartnersIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Broughton street partners I. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BroughtonStreetPartnersIMember" xlink:to="akr_BroughtonStreetPartnersIMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPartnersIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Broughton Street Partners I </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPartnersIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Broughton Street Partners I [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Business Acquisition </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Acquisition [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Business Acquisition, Acquiree </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Acquisition Acquiree [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SohoAcquisitionsMember" xlink:type="locator" xlink:label="akr_SohoAcquisitionsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SohoAcquisitionsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Soho acquisitions. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SohoAcquisitionsMember" xlink:to="akr_SohoAcquisitionsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SohoAcquisitionsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Soho Acquisitions </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SohoAcquisitionsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Soho Acquisitions [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PalmCoastLandingMember" xlink:type="locator" xlink:label="akr_PalmCoastLandingMember"/>
<link:label xml:lang="en-US" xlink:label="akr_PalmCoastLandingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Palm coast landing. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PalmCoastLandingMember" xlink:to="akr_PalmCoastLandingMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PalmCoastLandingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Palm Coast Landing </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PalmCoastLandingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Palm Coast Landing [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TrussvillePromenadeMember" xlink:type="locator" xlink:label="akr_TrussvillePromenadeMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TrussvillePromenadeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Trussville promenade. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TrussvillePromenadeMember" xlink:to="akr_TrussvillePromenadeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TrussvillePromenadeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Trussville Promenade - Trussville, AL </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TrussvillePromenadeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Trussville Promenade [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LincolnCommonsMember" xlink:type="locator" xlink:label="akr_LincolnCommonsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LincolnCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Lincoln commons. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LincolnCommonsMember" xlink:to="akr_LincolnCommonsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LincolnCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lincoln Commons </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LincolnCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lincoln Commons [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BedfordGreenLandParcelMember" xlink:type="locator" xlink:label="akr_BedfordGreenLandParcelMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BedfordGreenLandParcelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Bedford green land parcel. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BedfordGreenLandParcelMember" xlink:to="akr_BedfordGreenLandParcelMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BedfordGreenLandParcelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Bedford Green Land Parcel </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BedfordGreenLandParcelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Bedford Green Land Parcel [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ElkGroveCommonsMember" xlink:type="locator" xlink:label="akr_ElkGroveCommonsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ElkGroveCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Elk grove commons. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ElkGroveCommonsMember" xlink:to="akr_ElkGroveCommonsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ElkGroveCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Elk Grove Commons - Elk Grove, CA </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ElkGroveCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Elk Grove Commons [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LandstownCommonsMember" xlink:type="locator" xlink:label="akr_LandstownCommonsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LandstownCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Landstown commons. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LandstownCommonsMember" xlink:to="akr_LandstownCommonsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LandstownCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Landstown Commons </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LandstownCommonsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Landstown Commons [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SavannahGAMember" xlink:type="locator" xlink:label="akr_SavannahGAMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SavannahGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Savannah, GA. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SavannahGAMember" xlink:to="akr_SavannahGAMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SavannahGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Savannah G A </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SavannahGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Savannah G A [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_HiramPavilionMember" xlink:type="locator" xlink:label="akr_HiramPavilionMember"/>
<link:label xml:lang="en-US" xlink:label="akr_HiramPavilionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Hiram Pavilion. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_HiramPavilionMember" xlink:to="akr_HiramPavilionMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_HiramPavilionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Hiram Pavilion </link:label>
<link:label xml:lang="en-US" xlink:label="akr_HiramPavilionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Hiram Pavilion [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementGeographicalAxis" xlink:type="locator" xlink:label="srt_StatementGeographicalAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Geographical </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Geographical [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_SegmentGeographicalDomain" xlink:type="locator" xlink:label="srt_SegmentGeographicalDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Geographical </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SegmentGeographicalDomain" xlink:to="srt_SegmentGeographicalDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Segment Geographical [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember" xlink:type="locator" xlink:label="akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Forty one forty seven fifty one and fifty three greene street new york ny. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember" xlink:to="akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 41, 47, 51 and 53 Greene Street - New York, NY </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FortyOneFortySevenFiftyOneAndFiftyThreeGreeneStreetNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Forty One Forty Seven Fifty One And Fifty Three Greene Street New York N Y [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember" xlink:type="locator" xlink:label="akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember"/>
<link:label xml:lang="en-US" xlink:label="akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Eight hundred forty nine and nine hundred twelve w.Armitage chicago il. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember" xlink:to="akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 849 and 912 W. Armitage - Chicago, IL </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EightHundredFortyNineAndNineHundredTwelveWArmitageChicagoILMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Eight Hundred Forty Nine And Nine Hundred Twelve W Armitage Chicago I L [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PalmCoastFLMember" xlink:type="locator" xlink:label="akr_PalmCoastFLMember"/>
<link:label xml:lang="en-US" xlink:label="akr_PalmCoastFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Palm Coast, FL. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PalmCoastFLMember" xlink:to="akr_PalmCoastFLMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PalmCoastFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Palm Coast, FL </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PalmCoastFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Palm Coast F L [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TrussvilleAlabamaMember" xlink:type="locator" xlink:label="akr_TrussvilleAlabamaMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TrussvilleAlabamaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Trussville, Alabama. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TrussvilleAlabamaMember" xlink:to="akr_TrussvilleAlabamaMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TrussvilleAlabamaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Trussville, AL </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TrussvilleAlabamaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Trussville Alabama [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LincolnRIMember" xlink:type="locator" xlink:label="akr_LincolnRIMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LincolnRIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Lincoln, RI. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LincolnRIMember" xlink:to="akr_LincolnRIMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LincolnRIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lincoln, RI </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LincolnRIMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lincoln R I [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BedfordHillsNYMember" xlink:type="locator" xlink:label="akr_BedfordHillsNYMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BedfordHillsNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Bedford Hills, NY. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BedfordHillsNYMember" xlink:to="akr_BedfordHillsNYMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BedfordHillsNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Bedford Hills N Y </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BedfordHillsNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Bedford Hills N Y [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ElkGroveCAMember" xlink:type="locator" xlink:label="akr_ElkGroveCAMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ElkGroveCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Elk Grove, CA. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ElkGroveCAMember" xlink:to="akr_ElkGroveCAMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ElkGroveCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Elk Grove, CA </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ElkGroveCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Elk Grove C A [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_VirginiaBeachVAMember" xlink:type="locator" xlink:label="akr_VirginiaBeachVAMember"/>
<link:label xml:lang="en-US" xlink:label="akr_VirginiaBeachVAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Virginia beach, VA. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_VirginiaBeachVAMember" xlink:to="akr_VirginiaBeachVAMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_VirginiaBeachVAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Virginia Beach, VA </link:label>
<link:label xml:lang="en-US" xlink:label="akr_VirginiaBeachVAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Virginia Beach V A [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_HiramGAMember" xlink:type="locator" xlink:label="akr_HiramGAMember"/>
<link:label xml:lang="en-US" xlink:label="akr_HiramGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Hiram, GA. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_HiramGAMember" xlink:to="akr_HiramGAMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_HiramGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Hiram G A </link:label>
<link:label xml:lang="en-US" xlink:label="akr_HiramGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Hiram G A [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Business Acquisition [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Acquisition [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Percent Acquired </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Acquisition Percentage Of Voting Interests Acquired </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Purchase Price </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Consideration Transferred1 </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfRealEstatePropertiesHeldByAcquiree" xlink:type="locator" xlink:label="akr_NumberOfRealEstatePropertiesHeldByAcquiree"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstatePropertiesHeldByAcquiree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of real estate properties held by acquiree. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfRealEstatePropertiesHeldByAcquiree" xlink:to="akr_NumberOfRealEstatePropertiesHeldByAcquiree_lbl"/>
<link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_NY" xlink:type="locator" xlink:label="stpr_NY"/>
<link:label xml:lang="en-US" xlink:label="stpr_NY_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> New York, NY </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_NY" xlink:to="stpr_NY_lbl"/>
<link:label xml:lang="en-US" xlink:label="stpr_NY_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> NEW YORK </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstatePropertiesHeldByAcquiree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of real estate properties held by Acquiree </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstatePropertiesHeldByAcquiree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Real Estate Properties Held By Acquiree </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel"> Aggregate purchase price </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BusinessCombinationConsiderationTransferredDebtAssumed" xlink:type="locator" xlink:label="akr_BusinessCombinationConsiderationTransferredDebtAssumed"/>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationConsiderationTransferredDebtAssumed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Business combination, consideration transferred, debt assumed. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BusinessCombinationConsiderationTransferredDebtAssumed" xlink:to="akr_BusinessCombinationConsiderationTransferredDebtAssumed_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AcquisitionCosts" xlink:type="locator" xlink:label="us-gaap_AcquisitionCosts"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AcquisitionCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capitalized acquisition costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquisitionCosts" xlink:to="us-gaap_AcquisitionCosts_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AcquisitionCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acquisition Costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationConsiderationTransferredDebtAssumed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt assumed </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationConsiderationTransferredDebtAssumed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Consideration Transferred Debt Assumed </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements" xlink:type="locator" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements"/>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Business combination, recognized identifiable assets acquired and liabilities assumed, buildings and improvements. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements" xlink:to="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets" xlink:type="locator" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets"/>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets" xlink:to="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities" xlink:type="locator" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities"/>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Business combination, recognized identifiable assets acquired and liabilities assumed, intangible liabilities. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities" xlink:to="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_ExistingInterestInPreviouslyUnconsolidatedInvestment" xlink:type="locator" xlink:label="akr_ExistingInterestInPreviouslyUnconsolidatedInvestment"/>
<link:label xml:lang="en-US" xlink:label="akr_ExistingInterestInPreviouslyUnconsolidatedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Existing interest in previously unconsolidated investment. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ExistingInterestInPreviouslyUnconsolidatedInvestment" xlink:to="akr_ExistingInterestInPreviouslyUnconsolidatedInvestment_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Purchase Price Allocation </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Land </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Buildings and improvements </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acquisition-related intangible assets (Note 6) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Acquisition-related intangible liabilities (Note 6) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net assets acquired </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consideration </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Consideration Transferred [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesGross" xlink:to="us-gaap_PaymentsToAcquireBusinessesGross_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Payments To Acquire Businesses Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Liabilities assumed </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Consideration Transferred Liabilities Incurred </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ExistingInterestInPreviouslyUnconsolidatedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Existing interest in previously unconsolidated investment </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ExistingInterestInPreviouslyUnconsolidatedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Existing Interest In Previously Unconsolidated Investment </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total consideration </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross" xlink:type="locator" xlink:label="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross"/>
<link:label xml:lang="en-US" xlink:label="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Proceeds from sale of real estate held-for-investment, gross. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross" xlink:to="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:type="locator" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:to="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupClassificationAxis" xlink:type="locator" xlink:label="us-gaap_DisposalGroupClassificationAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupClassificationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposal Group Classification </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupClassificationAxis" xlink:to="us-gaap_DisposalGroupClassificationAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupClassificationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Classification [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupClassificationDomain" xlink:type="locator" xlink:label="us-gaap_DisposalGroupClassificationDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupClassificationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposal Group Classification </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupClassificationDomain" xlink:to="us-gaap_DisposalGroupClassificationDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupClassificationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Classification [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupNotDiscontinuedOperationsMember" xlink:type="locator" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationsMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposal Group, Not Discontinued Operations </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupNotDiscontinuedOperationsMember" xlink:to="us-gaap_DisposalGroupNotDiscontinuedOperationsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Not Discontinued Operations [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:type="locator" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposal Group Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:to="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:type="locator" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposal Group Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:to="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Groups Including Discontinued Operations Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A3104MStWashingtonDCMember" xlink:type="locator" xlink:label="akr_A3104MStWashingtonDCMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A3104MStWashingtonDCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 3104 M St. Washington, DC. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A3104MStWashingtonDCMember" xlink:to="akr_A3104MStWashingtonDCMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A3104MStWashingtonDCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> A3104 M St. Washington D C </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A3104MStWashingtonDCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A3104 M St Washington D C [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_Bowery2ResidentialCondosNewYorkNYMember" xlink:type="locator" xlink:label="akr_Bowery2ResidentialCondosNewYorkNYMember"/>
<link:label xml:lang="en-US" xlink:label="akr_Bowery2ResidentialCondosNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 210 Bowery - 2 Residential Condos - New York, NY. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_Bowery2ResidentialCondosNewYorkNYMember" xlink:to="akr_Bowery2ResidentialCondosNewYorkNYMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_Bowery2ResidentialCondosNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 210 Bowery - 2 Residential Condos - New York, NY </link:label>
<link:label xml:lang="en-US" xlink:label="akr_Bowery2ResidentialCondosNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Bowery2 Residential Condos New York N Y [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_JFKPlazaWatervilleMEMember" xlink:type="locator" xlink:label="akr_JFKPlazaWatervilleMEMember"/>
<link:label xml:lang="en-US" xlink:label="akr_JFKPlazaWatervilleMEMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> JFK Plaza - Waterville, ME. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_JFKPlazaWatervilleMEMember" xlink:to="akr_JFKPlazaWatervilleMEMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_JFKPlazaWatervilleMEMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> JFK Plaza - Waterville, ME </link:label>
<link:label xml:lang="en-US" xlink:label="akr_JFKPlazaWatervilleMEMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> J F K Plaza Waterville M E [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A938WNorthAvenueChicagoILMember" xlink:type="locator" xlink:label="akr_A938WNorthAvenueChicagoILMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A938WNorthAvenueChicagoILMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 938 W North Avenue - Chicago, IL. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A938WNorthAvenueChicagoILMember" xlink:to="akr_A938WNorthAvenueChicagoILMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A938WNorthAvenueChicagoILMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 938 W North Avenue - Chicago, IL </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A938WNorthAvenueChicagoILMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A938 W North Avenue Chicago I L [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A37803858NostrandAvenueNewYorkNYMember" xlink:type="locator" xlink:label="akr_A37803858NostrandAvenueNewYorkNYMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A37803858NostrandAvenueNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 3780-3858 Nostrand Avenue - New York, NY. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A37803858NostrandAvenueNewYorkNYMember" xlink:to="akr_A37803858NostrandAvenueNewYorkNYMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A37803858NostrandAvenueNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 3780-3858 Nostrand Avenue - New York, NY </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A37803858NostrandAvenueNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A37803858 Nostrand Avenue New York N Y [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ShermanAvenueMember" xlink:type="locator" xlink:label="akr_ShermanAvenueMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ShermanAvenueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Sherman avenue. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ShermanAvenueMember" xlink:to="akr_ShermanAvenueMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ShermanAvenueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Sherman Avenue </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShermanAvenueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Sherman Avenue [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LakeMontclairMember" xlink:type="locator" xlink:label="akr_LakeMontclairMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LakeMontclairMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Lake Montclair. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LakeMontclairMember" xlink:to="akr_LakeMontclairMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LakeMontclairMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lake Montclair </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LakeMontclairMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lake Montclair [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A1861UnionStreetMember" xlink:type="locator" xlink:label="akr_A1861UnionStreetMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A1861UnionStreetMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> A1861 Union Street. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A1861UnionStreetMember" xlink:to="akr_A1861UnionStreetMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A1861UnionStreetMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 1861 Union Street </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A1861UnionStreetMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A1861 Union Street [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_Bowery4ResidentialCondosNewYorkNYMember" xlink:type="locator" xlink:label="akr_Bowery4ResidentialCondosNewYorkNYMember"/>
<link:label xml:lang="en-US" xlink:label="akr_Bowery4ResidentialCondosNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 210 Bowery - 4 Residential Condos - New York, NY. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_Bowery4ResidentialCondosNewYorkNYMember" xlink:to="akr_Bowery4ResidentialCondosNewYorkNYMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_Bowery4ResidentialCondosNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Bowery4 Residential Condos New York N Y </link:label>
<link:label xml:lang="en-US" xlink:label="akr_Bowery4ResidentialCondosNewYorkNYMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Bowery4 Residential Condos New York N Y [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementScenarioAxis" xlink:type="locator" xlink:label="srt_StatementScenarioAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scenario </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementScenarioAxis" xlink:to="srt_StatementScenarioAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Scenario [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioUnspecifiedDomain" xlink:type="locator" xlink:label="srt_ScenarioUnspecifiedDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scenario </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioUnspecifiedDomain" xlink:to="srt_ScenarioUnspecifiedDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scenario Unspecified [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScenarioOneMember" xlink:type="locator" xlink:label="akr_ScenarioOneMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Scenario one. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScenarioOneMember" xlink:to="akr_ScenarioOneMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scenario One </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scenario One [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScenarioTwoMember" xlink:type="locator" xlink:label="akr_ScenarioTwoMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Scenario two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScenarioTwoMember" xlink:to="akr_ScenarioTwoMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scenario Two </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scenario Two [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScenarioThreeMember" xlink:type="locator" xlink:label="akr_ScenarioThreeMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Scenario Three. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScenarioThreeMember" xlink:to="akr_ScenarioThreeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scenario Three </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scenario Three [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ScenarioFourMember" xlink:type="locator" xlink:label="akr_ScenarioFourMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Scenario four. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ScenarioFourMember" xlink:to="akr_ScenarioFourMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scenario Four </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ScenarioFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scenario Four [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:type="locator" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalDate1" xlink:type="locator" xlink:label="us-gaap_DisposalDate1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Date Sold </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalDate1" xlink:to="us-gaap_DisposalDate1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Date1 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Sale Price </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ProceedsFromSaleOfRealEstateHeldForInvestmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Sale Of Real Estate Held For Investment Gross </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Gain (Loss) on Sale </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract" xlink:type="locator" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> STATEMENTS OF INCOME </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract" xlink:to="us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Not Discontinued Operation Income Statement Disclosures [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:type="locator" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Including Discontinued Operation Revenue </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:type="locator" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Expenses </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Including Discontinued Operation Operating Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Net income attributable to noncontrolling interests </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net income attributable to Acadia </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfPropertiesHeldForSale" xlink:type="locator" xlink:label="akr_NumberOfPropertiesHeldForSale"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPropertiesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of properties held for sale. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfPropertiesHeldForSale" xlink:to="akr_NumberOfPropertiesHeldForSale_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPropertiesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of properties held-for-sale </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPropertiesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Properties Held For Sale </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateHeldforsale" xlink:type="locator" xlink:label="us-gaap_RealEstateHeldforsale"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Properties held-for-sale </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldforsale" xlink:to="us-gaap_RealEstateHeldforsale_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Heldforsale </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DevelopmentInProcessTransfersIn" xlink:type="locator" xlink:label="akr_DevelopmentInProcessTransfersIn"/>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessTransfersIn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Development in process, transfers in. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DevelopmentInProcessTransfersIn" xlink:to="akr_DevelopmentInProcessTransfersIn_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DevelopmentInProcessCapitalizedCosts" xlink:type="locator" xlink:label="akr_DevelopmentInProcessCapitalizedCosts"/>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessCapitalizedCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Development in process, capitalized costs. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DevelopmentInProcessCapitalizedCosts" xlink:to="akr_DevelopmentInProcessCapitalizedCosts_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DevelopmentInProcessTransfersOut" xlink:type="locator" xlink:label="akr_DevelopmentInProcessTransfersOut"/>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessTransfersOut_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Development in process, transfers out. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DevelopmentInProcessTransfersOut" xlink:to="akr_DevelopmentInProcessTransfersOut_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfRealEstatePropertiesUnderDevelopment" xlink:type="locator" xlink:label="akr_NumberOfRealEstatePropertiesUnderDevelopment"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstatePropertiesUnderDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of real estate properties under development. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfRealEstatePropertiesUnderDevelopment" xlink:to="akr_NumberOfRealEstatePropertiesUnderDevelopment_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Property Plant And Equipment [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Property Plant And Equipment [Table] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundPortfolioMember" xlink:type="locator" xlink:label="akr_FundPortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundPortfolioMember" xlink:to="akr_FundPortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund Portfolio [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Property, Plant and Equipment [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Property Plant And Equipment [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstatePropertiesUnderDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of properties under development </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstatePropertiesUnderDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Real Estate Properties Under Development </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DevelopmentInProcess_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real estate under development, beginning balance </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessTransfersIn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Transfers In </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessTransfersIn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Development In Process Transfers In </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessCapitalizedCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capitalized Costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessCapitalizedCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Development In Process Capitalized Costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessTransfersOut_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Transfers Out </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DevelopmentInProcessTransfersOut_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Development In Process Transfers Out </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment" xlink:type="locator" xlink:label="akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of unconsolidated real estate project in development. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment" xlink:to="akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod" xlink:type="locator" xlink:label="akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of real estate projects put into service during period. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod" xlink:to="akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of projects put into service during period </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfRealEstateProjectsPutIntoServiceDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Real Estate Projects Put Into Service During Period </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of unconsolidated project in development </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfUnconsolidatedRealEstateProjectInDevelopment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Unconsolidated Real Estate Project In Development </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DebtInstrumentMaturityMonthAndYear" xlink:type="locator" xlink:label="akr_DebtInstrumentMaturityMonthAndYear"/>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentMaturityMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Debt instrument, maturity month and year. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DebtInstrumentMaturityMonthAndYear" xlink:to="akr_DebtInstrumentMaturityMonthAndYear_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DebtInstrumentsNumberOfInstrumentsHeld" xlink:type="locator" xlink:label="akr_DebtInstrumentsNumberOfInstrumentsHeld"/>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentsNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Debt instruments, number of instruments held. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DebtInstrumentsNumberOfInstrumentsHeld" xlink:to="akr_DebtInstrumentsNumberOfInstrumentsHeld_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_MortgageLoansOnRealEstateEffectiveInterestRate" xlink:type="locator" xlink:label="akr_MortgageLoansOnRealEstateEffectiveInterestRate"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateEffectiveInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Mortgage loans on real estate, effective interest rate. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MortgageLoansOnRealEstateEffectiveInterestRate" xlink:to="akr_MortgageLoansOnRealEstateEffectiveInterestRate_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MortgageLoansOnRealEstateScheduleTable" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateScheduleTable"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateScheduleTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgage Loans On Real Estate Schedule [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateScheduleTable" xlink:to="srt_MortgageLoansOnRealEstateScheduleTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateScheduleTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Schedule [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:type="locator" xlink:label="srt_RangeAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Statistical Measurement </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Range [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:type="locator" xlink:label="srt_RangeMember"/>
<link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Statistical Measurement </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeMember" xlink:to="srt_RangeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Range [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:type="locator" xlink:label="srt_MinimumMember"/>
<link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Minimum </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minimum [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:type="locator" xlink:label="srt_MaximumMember"/>
<link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maximum </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Maximum [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MortgageLoansOnRealEstateLineItems" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateLineItems"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateLineItems" xlink:to="srt_MortgageLoansOnRealEstateLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Net carrying amount of notes receivable </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentsNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of instruments held </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentsNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instruments Number Of Instruments Held </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentMaturityMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maturity Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentMaturityMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Maturity Month And Year </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateEffectiveInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Effective interest rate </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateEffectiveInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Effective Interest Rate </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MortgageLoansOnRealEstateAccruedInterest" xlink:type="locator" xlink:label="akr_MortgageLoansOnRealEstateAccruedInterest"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateAccruedInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Mortgage loans on real estate, accrued interest. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MortgageLoansOnRealEstateAccruedInterest" xlink:to="akr_MortgageLoansOnRealEstateAccruedInterest_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:type="locator" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Investment, Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Equity Method Investment Equity Method Investee Name [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_EquityMethodInvesteeNameDomain" xlink:type="locator" xlink:label="srt_EquityMethodInvesteeNameDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Investment, Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_EquityMethodInvesteeNameDomain" xlink:to="srt_EquityMethodInvesteeNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investee Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BrandywineTownCenterMember" xlink:type="locator" xlink:label="akr_BrandywineTownCenterMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BrandywineTownCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Brandywine town center. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BrandywineTownCenterMember" xlink:to="akr_BrandywineTownCenterMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BrandywineTownCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Town Center </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BrandywineTownCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Brandywine Town Center [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MortgageLoansOnRealEstateLoanTypeAxis" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateLoanTypeAxis" xlink:to="srt_MortgageLoansOnRealEstateLoanTypeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Loan Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MortgageLoansOnRealEstateLoanTypeDomain" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateLoanTypeDomain" xlink:to="srt_MortgageLoansOnRealEstateLoanTypeDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Loan Type [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NoteReceivableDueApril12020Member" xlink:type="locator" xlink:label="akr_NoteReceivableDueApril12020Member"/>
<link:label xml:lang="en-US" xlink:label="akr_NoteReceivableDueApril12020Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Note receivable due April 1, 2020. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NoteReceivableDueApril12020Member" xlink:to="akr_NoteReceivableDueApril12020Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NoteReceivableDueApril12020Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Note Receivable Due April 1, 2020 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NoteReceivableDueApril12020Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Note Receivable Due April12020 [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateAccruedInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Note receivable accrued interest </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateAccruedInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Accrued Interest </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MortgageLoansOnRealEstateInterestUntilMaturity" xlink:type="locator" xlink:label="akr_MortgageLoansOnRealEstateInterestUntilMaturity"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateInterestUntilMaturity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Mortgage loans on real estate interest until maturity. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MortgageLoansOnRealEstateInterestUntilMaturity" xlink:to="akr_MortgageLoansOnRealEstateInterestUntilMaturity_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateInterestUntilMaturity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgage loans on real estate interest until maturity </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoansOnRealEstateInterestUntilMaturity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Interest Until Maturity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Note receivable exchanged </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" xlink:to="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Cost Of Mortgages Sold </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Additional advance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Equity Method Investments [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Equity Method Investments [Table] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_RenaissancePortfolioMember" xlink:type="locator" xlink:label="akr_RenaissancePortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_RenaissancePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Renaissance portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RenaissancePortfolioMember" xlink:to="akr_RenaissancePortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_RenaissancePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Renaissance Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RenaissancePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Renaissance Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_GothamPlazaMember" xlink:type="locator" xlink:label="akr_GothamPlazaMember"/>
<link:label xml:lang="en-US" xlink:label="akr_GothamPlazaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Gotham plaza. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_GothamPlazaMember" xlink:to="akr_GothamPlazaMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_GothamPlazaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Gotham Plaza </link:label>
<link:label xml:lang="en-US" xlink:label="akr_GothamPlazaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Gotham Plaza [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_GeorgetownPortfolioMember" xlink:type="locator" xlink:label="akr_GeorgetownPortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_GeorgetownPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Georgetown portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_GeorgetownPortfolioMember" xlink:to="akr_GeorgetownPortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_GeorgetownPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Georgetown Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_GeorgetownPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Georgetown Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A840NMichiganMember" xlink:type="locator" xlink:label="akr_A840NMichiganMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A840NMichiganMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 840 N. Michigan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A840NMichiganMember" xlink:to="akr_A840NMichiganMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A840NMichiganMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 840 N. Michigan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A840NMichiganMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A840 N Michigan [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_KlaMervynsLlcMember" xlink:type="locator" xlink:label="akr_KlaMervynsLlcMember"/>
<link:label xml:lang="en-US" xlink:label="akr_KlaMervynsLlcMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> KLA Mervyns LLC. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_KlaMervynsLlcMember" xlink:to="akr_KlaMervynsLlcMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_KlaMervynsLlcMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> KLA Mervyns LLC </link:label>
<link:label xml:lang="en-US" xlink:label="akr_KlaMervynsLlcMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Kla Mervyns Llc [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIIIOtherPortfolioMember" xlink:type="locator" xlink:label="akr_FundIIIOtherPortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIOtherPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund III, other portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIIIOtherPortfolioMember" xlink:to="akr_FundIIIOtherPortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIOtherPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund III Other Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIOtherPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I I I Other Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SelfStorageManagementMember" xlink:type="locator" xlink:label="akr_SelfStorageManagementMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SelfStorageManagementMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Self storage management. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SelfStorageManagementMember" xlink:to="akr_SelfStorageManagementMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SelfStorageManagementMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Self Storage Management </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SelfStorageManagementMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Self Storage Management [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BroughtonStreetPortfolioMember" xlink:type="locator" xlink:label="akr_BroughtonStreetPortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Broughton street portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BroughtonStreetPortfolioMember" xlink:to="akr_BroughtonStreetPortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Broughton St. Portfolio Savannah, GA </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Broughton Street Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIVOtherPortfolioMember" xlink:type="locator" xlink:label="akr_FundIVOtherPortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIVOtherPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund IV other portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIVOtherPortfolioMember" xlink:to="akr_FundIVOtherPortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIVOtherPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund IV Other Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIVOtherPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I V Other Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A650BaldHillRoadMember" xlink:type="locator" xlink:label="akr_A650BaldHillRoadMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A650BaldHillRoadMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 650 Bald Hill Road. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A650BaldHillRoadMember" xlink:to="akr_A650BaldHillRoadMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A650BaldHillRoadMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 650 Bald Hill Road </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A650BaldHillRoadMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A650 Bald Hill Road [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundVFamilyCenterAtRiverdaleMember" xlink:type="locator" xlink:label="akr_FundVFamilyCenterAtRiverdaleMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundVFamilyCenterAtRiverdaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund V family center at riverdale. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundVFamilyCenterAtRiverdaleMember" xlink:to="akr_FundVFamilyCenterAtRiverdaleMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundVFamilyCenterAtRiverdaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund V Family Center at Riverdale </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundVFamilyCenterAtRiverdaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund V Family Center At Riverdale [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TriCityPlazaMember" xlink:type="locator" xlink:label="akr_TriCityPlazaMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TriCityPlazaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Tri-City Plaza [Member] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TriCityPlazaMember" xlink:to="akr_TriCityPlazaMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TriCityPlazaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Tri City Plaza </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TriCityPlazaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Tri City Plaza [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_WashingtonREITPortfolioMember" xlink:type="locator" xlink:label="akr_WashingtonREITPortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_WashingtonREITPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Washington REIT portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_WashingtonREITPortfolioMember" xlink:to="akr_WashingtonREITPortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_WashingtonREITPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Washington REIT Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_WashingtonREITPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Washington R E I T Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_CrossroadsMember" xlink:type="locator" xlink:label="akr_CrossroadsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_CrossroadsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Crossroads. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_CrossroadsMember" xlink:to="akr_CrossroadsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_CrossroadsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Crossroads </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CrossroadsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Crossroads [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:type="locator" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule of Equity Method Investments [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Equity Method Investments [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity method investment, ownership percentage </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Ownership Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity method investments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestments" xlink:to="us-gaap_EquityMethodInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedParty" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionDueFromToRelatedParty"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionDueFromToRelatedParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Due (to) from related parties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDueFromToRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionDueFromToRelatedParty_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionDueFromToRelatedParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Related Party Transaction Due From To Related Party </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentOwnedAtCost" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedAtCost"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtCost" xlink:to="us-gaap_InvestmentOwnedAtCost_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investment Owned At Cost </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Equity method investment, cumulative capital contribution, percentage. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage" xlink:to="akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentCumulativeCapitalContribution" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContribution"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Equity method investment, cumulative capital contribution. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentCumulativeCapitalContribution" xlink:to="akr_EquityMethodInvestmentCumulativeCapitalContribution_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentPreferredReturnPercentage" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentPreferredReturnPercentage"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentPreferredReturnPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Equity method investment, preferred return, percentage. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentPreferredReturnPercentage" xlink:to="akr_EquityMethodInvestmentPreferredReturnPercentage_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentPreferredReturn" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentPreferredReturn"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentPreferredReturn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Equity method investment, preferred return. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentPreferredReturn" xlink:to="akr_EquityMethodInvestmentPreferredReturn_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cumulative capital contribution, percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContributionPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Cumulative Capital Contribution Percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cumulative capital contribution </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentCumulativeCapitalContribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Cumulative Capital Contribution </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentPreferredReturnPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Preferred return percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentPreferredReturnPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Preferred Return Percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentPreferredReturn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Preferred return </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentPreferredReturn_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Preferred Return </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_DC" xlink:type="locator" xlink:label="stpr_DC"/>
<link:label xml:lang="en-US" xlink:label="stpr_DC_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Washington, D.C. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_DC" xlink:to="stpr_DC_lbl"/>
<link:label xml:lang="en-US" xlink:label="stpr_DC_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> DISTRICT OF COLUMBIA </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FifthWallVenturesRetailFundLPMember" xlink:type="locator" xlink:label="akr_FifthWallVenturesRetailFundLPMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FifthWallVenturesRetailFundLPMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fifth wall ventures retail fund L P. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FifthWallVenturesRetailFundLPMember" xlink:to="akr_FifthWallVenturesRetailFundLPMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FifthWallVenturesRetailFundLPMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fifth Wall Ventures Retail Fund, L.P. </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FifthWallVenturesRetailFundLPMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fifth Wall Ventures Retail Fund L P [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AcadiaBrandywineHoldingsLLCMember" xlink:type="locator" xlink:label="akr_AcadiaBrandywineHoldingsLLCMember"/>
<link:label xml:lang="en-US" xlink:label="akr_AcadiaBrandywineHoldingsLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Acadia Brandywine Holdings, LLC. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AcadiaBrandywineHoldingsLLCMember" xlink:to="akr_AcadiaBrandywineHoldingsLLCMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_AcadiaBrandywineHoldingsLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acadia Brandywine Holdings, LLC </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AcadiaBrandywineHoldingsLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acadia Brandywine Holdings L L C [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BrandywinePortfolioMember" xlink:type="locator" xlink:label="akr_BrandywinePortfolioMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BrandywinePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Brandywine portfolio. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BrandywinePortfolioMember" xlink:to="akr_BrandywinePortfolioMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BrandywinePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Brandywine Portfolio </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BrandywinePortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Brandywine Portfolio [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MarketSquareWilmingtonDEMember" xlink:type="locator" xlink:label="akr_MarketSquareWilmingtonDEMember"/>
<link:label xml:lang="en-US" xlink:label="akr_MarketSquareWilmingtonDEMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Market square Wilmington DE. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MarketSquareWilmingtonDEMember" xlink:to="akr_MarketSquareWilmingtonDEMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_MarketSquareWilmingtonDEMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Market Square </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MarketSquareWilmingtonDEMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Market Square Wilmington D E [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransactionTypeAxis" xlink:type="locator" xlink:label="us-gaap_TransactionTypeAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TransactionTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Transaction Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransactionTypeAxis" xlink:to="us-gaap_TransactionTypeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TransactionTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Transaction Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransactionDomain" xlink:type="locator" xlink:label="us-gaap_TransactionDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Transaction </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransactionDomain" xlink:to="us-gaap_TransactionDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Transaction [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ExchangeTransactionOneMember" xlink:type="locator" xlink:label="akr_ExchangeTransactionOneMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ExchangeTransactionOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Exchange transaction one. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ExchangeTransactionOneMember" xlink:to="akr_ExchangeTransactionOneMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ExchangeTransactionOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Exchange Transaction One </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ExchangeTransactionOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Exchange Transaction One [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ExchangeTransactionTwoMember" xlink:type="locator" xlink:label="akr_ExchangeTransactionTwoMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ExchangeTransactionTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Exchange transaction two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ExchangeTransactionTwoMember" xlink:to="akr_ExchangeTransactionTwoMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ExchangeTransactionTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Exchange Transaction Two </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ExchangeTransactionTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Exchange Transaction Two [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Percentage of voting interests acquired </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:type="locator" xlink:label="us-gaap_AreaOfRealEstateProperty"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Square footage of real estate property (in square feet) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfRealEstateProperty" xlink:to="us-gaap_AreaOfRealEstateProperty_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Area Of Real Estate Property </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Purchase Price </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Purchase price less the assumption of the outstanding mortgage </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MaximumAmountCommitmentToInvest" xlink:type="locator" xlink:label="akr_MaximumAmountCommitmentToInvest"/>
<link:label xml:lang="en-US" xlink:label="akr_MaximumAmountCommitmentToInvest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Maximum amount commitment to invest. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MaximumAmountCommitmentToInvest" xlink:to="akr_MaximumAmountCommitmentToInvest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Cost method investments </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MaximumAmountCommitmentToInvest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maximum amount commitment to invest </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MaximumAmountCommitmentToInvest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Maximum Amount Commitment To Invest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:type="locator" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cost method investment ownership percentage </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:to="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investment Owned Percent Of Net Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="locator" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity method investment, ownership percentage </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minority Interest Ownership Percentage By Noncontrolling Owners </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentOwnershipPercentageByThirdParty" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentOwnershipPercentageByThirdParty"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentOwnershipPercentageByThirdParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Equity method investment ownership percentage by third party. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentOwnershipPercentageByThirdParty" xlink:to="akr_EquityMethodInvestmentOwnershipPercentageByThirdParty_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfLongTermDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Repayments of debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Repayments Of Long Term Debt </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentOwnershipPercentageByThirdParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity method investment, ownership percentage by third party </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentOwnershipPercentageByThirdParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Ownership Percentage By Third Party </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Gain on equity method investment </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal" xlink:to="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Realized Gain Loss On Disposal </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_JointVentureInterestPercentage" xlink:type="locator" xlink:label="akr_JointVentureInterestPercentage"/>
<link:label xml:lang="en-US" xlink:label="akr_JointVentureInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Joint venture interest percentage. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_JointVentureInterestPercentage" xlink:to="akr_JointVentureInterestPercentage_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_UndividedInterestInPropertyPercentage" xlink:type="locator" xlink:label="akr_UndividedInterestInPropertyPercentage"/>
<link:label xml:lang="en-US" xlink:label="akr_UndividedInterestInPropertyPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Undivided interest in property percentage. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_UndividedInterestInPropertyPercentage" xlink:to="akr_UndividedInterestInPropertyPercentage_lbl"/>
<link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_UT" xlink:type="locator" xlink:label="stpr_UT"/>
<link:label xml:lang="en-US" xlink:label="stpr_UT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Riverdale, Utah </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_UT" xlink:to="stpr_UT_lbl"/>
<link:label xml:lang="en-US" xlink:label="stpr_UT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> UTAH </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_CT" xlink:type="locator" xlink:label="stpr_CT"/>
<link:label xml:lang="en-US" xlink:label="stpr_CT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Vernon, Connecticut </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_CT" xlink:to="stpr_CT_lbl"/>
<link:label xml:lang="en-US" xlink:label="stpr_CT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> CONNECTICUT </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_MD" xlink:type="locator" xlink:label="stpr_MD"/>
<link:label xml:lang="en-US" xlink:label="stpr_MD_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Frederick County, Maryland </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_MD" xlink:to="stpr_MD_lbl"/>
<link:label xml:lang="en-US" xlink:label="stpr_MD_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> MARYLAND </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:type="locator" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Name of Property </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate And Accumulated Depreciation Description Of Property [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:type="locator" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Name of Property </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate And Accumulated Depreciation Name Of Property [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember" xlink:type="locator" xlink:label="akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 225,000 square foot property. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember" xlink:to="akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 225,000 Square Foot Property </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TwoHundredAndTwentyFiveThousandSquareFootPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Two Hundred And Twenty Five Thousand Square Foot Property [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ThreeHundredThousandSquareFootPropertyMember" xlink:type="locator" xlink:label="akr_ThreeHundredThousandSquareFootPropertyMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredThousandSquareFootPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 300,000 square foot property. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ThreeHundredThousandSquareFootPropertyMember" xlink:to="akr_ThreeHundredThousandSquareFootPropertyMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredThousandSquareFootPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 300,00 Square Foot Property </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredThousandSquareFootPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Three Hundred Thousand Square Foot Property [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" xlink:type="locator" xlink:label="us-gaap_DiscontinuedOperationsDisposedOfBySaleMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationsDisposedOfBySaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposed of by sale </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" xlink:to="us-gaap_DiscontinuedOperationsDisposedOfBySaleMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationsDisposedOfBySaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Discontinued Operations Disposed Of By Sale [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_AffiliatedEntityMember" xlink:type="locator" xlink:label="srt_AffiliatedEntityMember"/>
<link:label xml:lang="en-US" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consolidated Entity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_AffiliatedEntityMember" xlink:to="srt_AffiliatedEntityMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Affiliated Entity [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Related Party </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Related Party Transactions By Related Party [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:type="locator" xlink:label="us-gaap_RelatedPartyDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Related Party </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Related Party [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_UnconsolidatedAffiliatesMember" xlink:type="locator" xlink:label="akr_UnconsolidatedAffiliatesMember"/>
<link:label xml:lang="en-US" xlink:label="akr_UnconsolidatedAffiliatesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Unconsolidated affiliates. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_UnconsolidatedAffiliatesMember" xlink:to="akr_UnconsolidatedAffiliatesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_UnconsolidatedAffiliatesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unconsolidated Affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="akr_UnconsolidatedAffiliatesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Unconsolidated Affiliates [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember" xlink:type="locator" xlink:label="akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Broughton street portfolio one and Broughton street portfolio two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember" xlink:to="akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> BSP I and BSP II </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioOneAndBroughtonStreetPortfolioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Broughton Street Portfolio One And Broughton Street Portfolio Two [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIVsBroughtonStreetPortfolioVentureMember" xlink:type="locator" xlink:label="akr_FundIVsBroughtonStreetPortfolioVentureMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIVsBroughtonStreetPortfolioVentureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund IV's Broughton street portfolio venture. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIVsBroughtonStreetPortfolioVentureMember" xlink:to="akr_FundIVsBroughtonStreetPortfolioVentureMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIVsBroughtonStreetPortfolioVentureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund I Vs Broughton Street Portfolio Venture </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIVsBroughtonStreetPortfolioVentureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I Vs Broughton Street Portfolio Venture [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BroughtonStreetPortfolioBSPISavannahGAMember" xlink:type="locator" xlink:label="akr_BroughtonStreetPortfolioBSPISavannahGAMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioBSPISavannahGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Broughton street portfolio (BSP I) Savannah, GA. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BroughtonStreetPortfolioBSPISavannahGAMember" xlink:to="akr_BroughtonStreetPortfolioBSPISavannahGAMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioBSPISavannahGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> BSP I </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioBSPISavannahGAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Broughton Street Portfolio B S P I Savannah G A [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BroughtonStreetPortfolioTwoMember" xlink:type="locator" xlink:label="akr_BroughtonStreetPortfolioTwoMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Broughton street portfolio Two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BroughtonStreetPortfolioTwoMember" xlink:to="akr_BroughtonStreetPortfolioTwoMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> BSP II </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BroughtonStreetPortfolioTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Broughton Street Portfolio Two [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundIIIsStoragePostVentureMember" xlink:type="locator" xlink:label="akr_FundIIIsStoragePostVentureMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIsStoragePostVentureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund III's storage post venture. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundIIIsStoragePostVentureMember" xlink:to="akr_FundIIIsStoragePostVentureMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIsStoragePostVentureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund III's Storage Post venture </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundIIIsStoragePostVentureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund I I Is Storage Post Venture [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_PartnershipInterestMember" xlink:type="locator" xlink:label="srt_PartnershipInterestMember"/>
<link:label xml:lang="en-US" xlink:label="srt_PartnershipInterestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Partnership Interest </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_PartnershipInterestMember" xlink:to="srt_PartnershipInterestMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_PartnershipInterestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Partnership Interest [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_JointVentureInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Joint venture interest percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_JointVentureInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Joint Venture Interest Percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_UndividedInterestInPropertyPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Undivided interest in property percentage </link:label>
<link:label xml:lang="en-US" xlink:label="akr_UndividedInterestInPropertyPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Undivided Interest In Property Percentage </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfJointVentures" xlink:type="locator" xlink:label="akr_NumberOfJointVentures"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of joint ventures. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfJointVentures" xlink:to="akr_NumberOfJointVentures_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of Joint Ventures </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Joint Ventures </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NumberOfBusinessesAcquired" xlink:type="locator" xlink:label="us-gaap_NumberOfBusinessesAcquired"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfBusinessesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of businesses acquired </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfBusinessesAcquired" xlink:to="us-gaap_NumberOfBusinessesAcquired_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfBusinessesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Businesses Acquired </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DistributionFromCostMethodInvestment" xlink:type="locator" xlink:label="akr_DistributionFromCostMethodInvestment"/>
<link:label xml:lang="en-US" xlink:label="akr_DistributionFromCostMethodInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Distribution from cost method investment. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DistributionFromCostMethodInvestment" xlink:to="akr_DistributionFromCostMethodInvestment_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_DistributionFromCostMethodInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Distribution from cost method investment </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DistributionFromCostMethodInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Distribution From Cost Method Investment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostMethodInvestments" xlink:type="locator" xlink:label="us-gaap_CostMethodInvestments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CostMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Cost method investments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostMethodInvestments" xlink:to="us-gaap_CostMethodInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CostMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cost Method Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal" xlink:type="locator" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Gain (loss) on disposal </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal" xlink:to="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Not Discontinued Operation Gain Loss On Disposal </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostMethodInvestmentsRealizedLosses" xlink:type="locator" xlink:label="us-gaap_CostMethodInvestmentsRealizedLosses"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CostMethodInvestmentsRealizedLosses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Losses on cost method investments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostMethodInvestmentsRealizedLosses" xlink:to="us-gaap_CostMethodInvestmentsRealizedLosses_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CostMethodInvestmentsRealizedLosses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cost Method Investments Realized Losses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvesteeMember" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvesteeMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvesteeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Equity Method Investee </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvesteeMember" xlink:to="us-gaap_EquityMethodInvesteeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvesteeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investee [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:type="locator" xlink:label="us-gaap_RevenueFromRelatedParties"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RevenueFromRelatedParties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Related party revenue </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromRelatedParties" xlink:to="us-gaap_RevenueFromRelatedParties_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RevenueFromRelatedParties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Revenue From Related Parties </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostsAndExpensesRelatedParty" xlink:type="locator" xlink:label="us-gaap_CostsAndExpensesRelatedParty"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpensesRelatedParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Expenses, related party </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpensesRelatedParty" xlink:to="us-gaap_CostsAndExpensesRelatedParty_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpensesRelatedParty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Costs And Expenses Related Party </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentDeferredFees" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentDeferredFees"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentDeferredFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Equity method investment, deferred fees. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentDeferredFees" xlink:to="akr_EquityMethodInvestmentDeferredFees_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_EquityMethodInvestmentAmountsPayableReceivable" xlink:type="locator" xlink:label="akr_EquityMethodInvestmentAmountsPayableReceivable"/>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentAmountsPayableReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Amounts (payable) receivable. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EquityMethodInvestmentAmountsPayableReceivable" xlink:to="akr_EquityMethodInvestmentAmountsPayableReceivable_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments" xlink:type="locator" xlink:label="akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments"/>
<link:label xml:lang="en-US" xlink:label="akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Investments in and advance to affiliates, subsidiaries, associates and joint venture, net of company's share of distribution in excess of income and investments. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments" xlink:to="akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Combined and Condensed Balance Sheets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RentalProperties" xlink:type="locator" xlink:label="us-gaap_RentalProperties"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RentalProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Rental property, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RentalProperties" xlink:to="us-gaap_RentalProperties_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RentalProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Rental Properties </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesAmountOfEquity" xlink:type="locator" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAmountOfEquity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAmountOfEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Investment in unconsolidated affiliates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesAmountOfEquity" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesAmountOfEquity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesAmountOfEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investments In And Advances To Affiliates Amount Of Equity </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Other assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansPayableToBank" xlink:type="locator" xlink:label="us-gaap_LoansPayableToBank"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LoansPayableToBank_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgage notes payable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansPayableToBank" xlink:to="us-gaap_LoansPayableToBank_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LoansPayableToBank_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Loans Payable To Bank </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilities" xlink:type="locator" xlink:label="us-gaap_OtherLiabilities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PartnersCapital" xlink:type="locator" xlink:label="us-gaap_PartnersCapital"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapital_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Partners’ equity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapital" xlink:to="us-gaap_PartnersCapital_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PartnersCapital_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Partners Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Company's share of accumulated equity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets" xlink:to="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Underlying Equity In Net Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Basis differential </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:to="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Difference Between Carrying Amount And Underlying Equity </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentDeferredFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred fees, net of portion related to the Company's interest </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentDeferredFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Deferred Fees </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentAmountsPayableReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amounts payable by the Company </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EquityMethodInvestmentAmountsPayableReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Amounts Payable Receivable </link:label>
<link:label xml:lang="en-US" xlink:label="akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="akr_InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesNetOfCompanySShareOfDistributionInExcessOfIncomeAndInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Investments In And Advance To Affiliates Subsidiaries Associates And Joint Ventures Net Of Company S Share Of Distribution In Excess Of Income And Investments </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Company's share of distributions in excess of income from and investments in unconsolidated affiliates </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Investments in and advances to unconsolidated affiliates </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AmortizationOfExcessInvestment" xlink:type="locator" xlink:label="akr_AmortizationOfExcessInvestment"/>
<link:label xml:lang="en-US" xlink:label="akr_AmortizationOfExcessInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Amortization of excess investment. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AmortizationOfExcessInvestment" xlink:to="akr_AmortizationOfExcessInvestment_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Combined and Condensed Statements of Income </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Operating and other expenses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:type="locator" xlink:label="us-gaap_InterestExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Interest expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest Expense </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Depreciation and amortization </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:type="locator" xlink:label="us-gaap_GainLossOnDispositionOfAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Loss on disposition of properties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDispositionOfAssets" xlink:to="us-gaap_GainLossOnDispositionOfAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Gain Loss On Disposition Of Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net income attributable to unconsolidated affiliates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Company’s share of equity in net income of unconsolidated affiliates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Method Investment Summarized Financial Information Gross Profit Loss </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AmortizationOfExcessInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Basis differential amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AmortizationOfExcessInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Amortization Of Excess Investment </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DeferredLeasingAndOtherCosts" xlink:type="locator" xlink:label="akr_DeferredLeasingAndOtherCosts"/>
<link:label xml:lang="en-US" xlink:label="akr_DeferredLeasingAndOtherCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Deferred leasing and other costs. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DeferredLeasingAndOtherCosts" xlink:to="akr_DeferredLeasingAndOtherCosts_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DeferredCostsGross" xlink:type="locator" xlink:label="akr_DeferredCostsGross"/>
<link:label xml:lang="en-US" xlink:label="akr_DeferredCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Deferred costs gross. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DeferredCostsGross" xlink:to="akr_DeferredCostsGross_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DeferredCostsAccumulatedAmortization" xlink:type="locator" xlink:label="akr_DeferredCostsAccumulatedAmortization"/>
<link:label xml:lang="en-US" xlink:label="akr_DeferredCostsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Deferred costs accumulated amortization. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DeferredCostsAccumulatedAmortization" xlink:to="akr_DeferredCostsAccumulatedAmortization_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleLiabilitiesNet" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleLiabilitiesNet"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible liabilities, net. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleLiabilitiesNet" xlink:to="akr_FiniteLivedIntangibleLiabilitiesNet_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AccountsPayableAndAccruedExpenses" xlink:type="locator" xlink:label="akr_AccountsPayableAndAccruedExpenses"/>
<link:label xml:lang="en-US" xlink:label="akr_AccountsPayableAndAccruedExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Accounts payable and accrued expenses. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AccountsPayableAndAccruedExpenses" xlink:to="akr_AccountsPayableAndAccruedExpenses_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AccountsPayableAndOtherLiabilitiesOther" xlink:type="locator" xlink:label="akr_AccountsPayableAndOtherLiabilitiesOther"/>
<link:label xml:lang="en-US" xlink:label="akr_AccountsPayableAndOtherLiabilitiesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Accounts payable and other liabilities other. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AccountsPayableAndOtherLiabilitiesOther" xlink:to="akr_AccountsPayableAndOtherLiabilitiesOther_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsUnclassifiedAbstract" xlink:type="locator" xlink:label="us-gaap_OtherAssetsUnclassifiedAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssetsUnclassifiedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other Assets, Net: </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsUnclassifiedAbstract" xlink:to="us-gaap_OtherAssetsUnclassifiedAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssetsUnclassifiedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Assets Unclassified [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lease intangibles, net (Note 6) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsLeasingNet" xlink:type="locator" xlink:label="us-gaap_DeferredCostsLeasingNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsLeasingNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred charges, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsLeasingNet" xlink:to="us-gaap_DeferredCostsLeasingNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsLeasingNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Costs Leasing Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_PrepaidExpenseCurrentAndNoncurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PrepaidExpenseCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Prepaid expenses </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrentAndNoncurrent" xlink:to="us-gaap_PrepaidExpenseCurrentAndNoncurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PrepaidExpenseCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Prepaid Expense Current And Noncurrent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherReceivables" xlink:type="locator" xlink:label="us-gaap_OtherReceivables"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherReceivables_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other receivables </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivables" xlink:to="us-gaap_OtherReceivables_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherReceivables_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Receivables </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestReceivable" xlink:type="locator" xlink:label="us-gaap_InterestReceivable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accrued interest receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestReceivable" xlink:to="us-gaap_InterestReceivable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DueFromAffiliateNoncurrent" xlink:type="locator" xlink:label="us-gaap_DueFromAffiliateNoncurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DueFromAffiliateNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Due from seller </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromAffiliateNoncurrent" xlink:to="us-gaap_DueFromAffiliateNoncurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DueFromAffiliateNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Due From Affiliate Noncurrent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepositsAssets" xlink:type="locator" xlink:label="us-gaap_DepositsAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepositsAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deposits </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsAssets" xlink:to="us-gaap_DepositsAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DepositsAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deposits Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MaterialsSuppliesAndOther" xlink:type="locator" xlink:label="us-gaap_MaterialsSuppliesAndOther"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MaterialsSuppliesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Corporate assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaterialsSuppliesAndOther" xlink:to="us-gaap_MaterialsSuppliesAndOther_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MaterialsSuppliesAndOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Materials Supplies And Other </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxReceivable" xlink:type="locator" xlink:label="us-gaap_IncomeTaxReceivable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Income taxes receivable </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReceivable" xlink:to="us-gaap_IncomeTaxReceivable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Tax Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssets" xlink:type="locator" xlink:label="us-gaap_DerivativeAssets"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative financial instruments (Note 8) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssets" xlink:to="us-gaap_DerivativeAssets_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:type="locator" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred tax assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:to="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Tax Assets Liabilities Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DueFromRelatedParties" xlink:type="locator" xlink:label="us-gaap_DueFromRelatedParties"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DueFromRelatedParties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Due from related parties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DueFromRelatedParties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Due From Related Parties </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Other assets, net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsAbstract" xlink:type="locator" xlink:label="us-gaap_DeferredCostsAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred Charges, Net: </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsAbstract" xlink:to="us-gaap_DeferredCostsAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Costs [Abstract] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredLeasingAndOtherCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred leasing and other costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredLeasingAndOtherCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Leasing And Other Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsGross" xlink:type="locator" xlink:label="us-gaap_DeferredFinanceCostsGross"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred financing costs related to line of credit </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsGross" xlink:to="us-gaap_DeferredFinanceCostsGross_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Finance Costs Gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Deferred costs, gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Costs Gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredCostsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Accumulated amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DeferredCostsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Costs Accumulated Amortization </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_DeferredCostsCurrentAndNoncurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Deferred charges, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsCurrentAndNoncurrent" xlink:to="us-gaap_DeferredCostsCurrentAndNoncurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Costs Current And Noncurrent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesUnclassifiedAbstract" xlink:type="locator" xlink:label="us-gaap_OtherLiabilitiesUnclassifiedAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilitiesUnclassifiedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accounts Payable and Other Liabilities: </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesUnclassifiedAbstract" xlink:to="us-gaap_OtherLiabilitiesUnclassifiedAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilitiesUnclassifiedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Liabilities Unclassified [Abstract] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lease intangibles, net (Note 6) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Liabilities Net </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AccountsPayableAndAccruedExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Accounts payable and accrued expenses </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AccountsPayableAndAccruedExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accounts Payable And Accrued Expenses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseLiability"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Lease liability - operating leases, net (Note 11) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Liability </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:type="locator" xlink:label="us-gaap_DerivativeLiabilities"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative financial instruments (Note 8) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractWithCustomerLiability" xlink:type="locator" xlink:label="us-gaap_ContractWithCustomerLiability"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ContractWithCustomerLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Deferred income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractWithCustomerLiability" xlink:to="us-gaap_ContractWithCustomerLiability_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ContractWithCustomerLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Contract With Customer Liability </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:type="locator" xlink:label="us-gaap_SecurityDepositLiability"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SecurityDepositLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Tenant security deposits, escrow and other </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityDepositLiability" xlink:to="us-gaap_SecurityDepositLiability_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SecurityDepositLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Security Deposit Liability </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AccountsPayableAndOtherLiabilitiesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AccountsPayableAndOtherLiabilitiesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Accounts Payable And Other Liabilities Other </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalLeaseObligations" xlink:type="locator" xlink:label="us-gaap_CapitalLeaseObligations"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CapitalLeaseObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital lease obligations (Note 11) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligations" xlink:to="us-gaap_CapitalLeaseObligations_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CapitalLeaseObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Capital Lease Obligations </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Accounts payable and other liabilities </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AboveMarketGroundLeaseNet" xlink:type="locator" xlink:label="akr_AboveMarketGroundLeaseNet"/>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Above-market ground lease, net. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AboveMarketGroundLeaseNet" xlink:to="akr_AboveMarketGroundLeaseNet_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Finite Lived Intangible Assets [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Finite Lived Intangible Assets [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finite-Lived Intangible Assets by Major Class </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets By Major Class [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finite-Lived Intangible Assets, Major Class Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Major Class Name [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeasesAcquiredInPlaceMember" xlink:type="locator" xlink:label="us-gaap_LeasesAcquiredInPlaceMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> In-place lease intangible assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeasesAcquiredInPlaceMember" xlink:to="us-gaap_LeasesAcquiredInPlaceMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Leases Acquired In Place [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:type="locator" xlink:label="us-gaap_AboveMarketLeasesMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Above-market rent </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AboveMarketLeasesMember" xlink:to="us-gaap_AboveMarketLeasesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Above Market Leases [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finite-Lived Intangible Assets [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amortizable Intangible Assets, Gross Carrying Amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Amortizable Intangible Assets, Accumulated Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Accumulated Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Amortizable Intangible Assets, Net Carrying Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseNetAbstract" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseNetAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amortizable Intangible Liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseNetAbstract" xlink:to="us-gaap_BelowMarketLeaseNetAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseNetAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Net [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseGross" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseGross"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Amortizable Intangible Liabilities, Gross Carrying Amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseGross" xlink:to="us-gaap_BelowMarketLeaseGross_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAccumulatedAmortization" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amortizable Intangible Liabilities, Accumulated Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAccumulatedAmortization" xlink:to="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Accumulated Amortization </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseNet" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel"> Amortizable Intangible Liabilities, Net Carrying Amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseNet" xlink:to="us-gaap_BelowMarketLeaseNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Net </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Above-market Ground Lease, Gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Above Market Ground Lease Gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Above-market Ground Lease, Accumulated Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Above Market Ground Lease Accumulated Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel"> Above-market Ground Lease, Net </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AboveMarketGroundLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Above Market Ground Lease Net </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Finite-Lived Intangible Liabilities, Gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Liabilities Gross </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finite-Lived Intangible Liabilities, Accumulated Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Liabilities Accumulated Amortization </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel"> Finite-Lived Intangible Liabilities, Net </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife" xlink:type="locator" xlink:label="akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife"/>
<link:label xml:lang="en-US" xlink:label="akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Below market lease acquired weighted average useful life. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife" xlink:to="akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAcquired" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAcquired"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Below market rents, acquired </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAcquired" xlink:to="us-gaap_BelowMarketLeaseAcquired_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Acquired </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinitelivedIntangibleAssetsAcquired1" xlink:type="locator" xlink:label="us-gaap_FinitelivedIntangibleAssetsAcquired1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinitelivedIntangibleAssetsAcquired1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Intangible assets acquired </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinitelivedIntangibleAssetsAcquired1" xlink:to="us-gaap_FinitelivedIntangibleAssetsAcquired1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinitelivedIntangibleAssetsAcquired1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finitelived Intangible Assets Acquired1 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Below market rents acquired, weighted average useful life </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BelowMarketLeaseAcquiredWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Acquired Weighted Average Useful Life </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:type="locator" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acquired intangible assets, weighted average useful life </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:to="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acquired Finite Lived Intangible Assets Weighted Average Useful Life </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AcquiredLeaseIntangiblesAbstract" xlink:type="locator" xlink:label="akr_AcquiredLeaseIntangiblesAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_AcquiredLeaseIntangiblesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Acquired lease intangibles. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AcquiredLeaseIntangiblesAbstract" xlink:to="akr_AcquiredLeaseIntangiblesAbstract_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsLiabilitiesNet" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsLiabilitiesNet"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite lived intangible assets (liabilities), net. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsLiabilitiesNet" xlink:to="akr_FiniteLivedIntangibleAssetsLiabilitiesNet_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets and liabilities, amortization revenue (expense), remainder of fiscal year. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear" xlink:to="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets and liabilities, amortization revenue (expense), year two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo" xlink:to="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets and liabilities, amortization revenue (expense), year three. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree" xlink:to="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets and liabilities, amortization revenue (expense), year four. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour" xlink:to="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets and liabilities, amortization revenue (expense), year five. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive" xlink:to="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets and liabilities, amortization expense, after year five. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive" xlink:to="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, net. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, remainder of fiscal year. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, year two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, year three. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, year four. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, year five. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter" xlink:type="locator" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter"/>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finite-lived intangible assets, amortization expense, reduction of rent expense, thereafter. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter" xlink:to="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_AcquiredLeaseIntangiblesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acquired Lease Intangibles [Abstract] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AcquiredLeaseIntangiblesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Acquired Lease Intangibles [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2019 (Remainder), Net Increase In Lease Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear" xlink:to="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Amortization Income Remainder Of Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2020, Net Increase In Lease Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo" xlink:to="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Amortization Income Year Two </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearThree" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2021, Net Increase In Lease Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree" xlink:to="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Amortization Income Year Three </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearFour" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2022, Net Increase In Lease Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour" xlink:to="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Amortization Income Year Four </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearFive" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2023, Net Increase In Lease Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive" xlink:to="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Amortization Income Year Five </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Thereafter, Net Increase In Lease Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive" xlink:to="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Below Market Lease Amortization Income After Year Five </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Net Increase In Lease Revenues, Total </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> 2019 (Remainder), Increase to Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> 2020, Increase to Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Year Two </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> 2021, Increase to Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Year Three </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> 2022, Increase to Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Year Four </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> 2023, Increase to Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Year Five </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Thereafter, Increase to Amortization </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense After Year Five </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel"> Amortizable Intangible Assets, Net Carrying Amount </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2019 (Remainder), Reduction of Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Remainder Of Fiscal Year </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2020, Reduction of Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Year Two </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2021, Reduction of Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Year Three </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2022, Reduction of Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Year Four </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2023, Reduction of Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Year Five </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Thereafter, Reduction of Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Thereafter </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Reduction of Rent Expense, Total </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAmortizationExpenseReductionOfRentExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Amortization Expense Reduction Of Rent Expense Net </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2019 (Remainder), Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets And Liabilities Amortization Revenue Expense Remainder Of Fiscal Year </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2020, Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets And Liabilities Amortization Revenue Expense Year Two </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2021, Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets And Liabilities Amortization Revenue Expense Year Three </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2022, Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets And Liabilities Amortization Revenue Expense Year Four </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2023, Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets And Liabilities Amortization Revenue Expense Year Five </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Thereafter, Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationRevenueExpenseAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets And Liabilities Amortization Revenue Expense After Year Five </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total, Net Income (Expense) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FiniteLivedIntangibleAssetsLiabilitiesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finite Lived Intangible Assets Liabilities Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentTable"/>
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<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgagesMember" xlink:type="locator" xlink:label="us-gaap_MortgagesMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgagesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgages </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgagesMember" xlink:to="us-gaap_MortgagesMember_lbl"/>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:type="locator" xlink:label="us-gaap_UnsecuredDebtMember"/>
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<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="us-gaap_UnsecuredDebtMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UnsecuredDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Unsecured Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditMember" xlink:type="locator" xlink:label="us-gaap_LineOfCreditMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Line of Credit </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditMember" xlink:to="us-gaap_LineOfCreditMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Line Of Credit [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt Instrument </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt Instrument, Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FixedRateMember" xlink:type="locator" xlink:label="akr_FixedRateMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FixedRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fixed rate. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FixedRateMember" xlink:to="akr_FixedRateMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FixedRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fixed Rate </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FixedRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fixed Rate [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_VariableRateSwappedMember" xlink:type="locator" xlink:label="akr_VariableRateSwappedMember"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateSwappedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Variable rate - swapped. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_VariableRateSwappedMember" xlink:to="akr_VariableRateSwappedMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateSwappedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Rate - Swapped </link:label>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateSwappedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate Swapped [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_VariableRateDebtMember" xlink:type="locator" xlink:label="akr_VariableRateDebtMember"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Variable rate debt. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_VariableRateDebtMember" xlink:to="akr_VariableRateDebtMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Rate Debt </link:label>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate Debt [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_VariableRateUnsecuredTermLoansSwappedMember" xlink:type="locator" xlink:label="akr_VariableRateUnsecuredTermLoansSwappedMember"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateUnsecuredTermLoansSwappedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Variable rate unsecured term loans - swapped. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_VariableRateUnsecuredTermLoansSwappedMember" xlink:to="akr_VariableRateUnsecuredTermLoansSwappedMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateUnsecuredTermLoansSwappedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Rate Unsecured Term Loans - Swapped </link:label>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateUnsecuredTermLoansSwappedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate Unsecured Term Loans Swapped [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TermLoanSubscriptionFacilityMember" xlink:type="locator" xlink:label="akr_TermLoanSubscriptionFacilityMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TermLoanSubscriptionFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Term loan / subscription facility. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TermLoanSubscriptionFacilityMember" xlink:to="akr_TermLoanSubscriptionFacilityMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TermLoanSubscriptionFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Term Loan / Subscription Facility </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TermLoanSubscriptionFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Term Loan Subscription Facility [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SubscriptionLineMember" xlink:type="locator" xlink:label="akr_SubscriptionLineMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SubscriptionLineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Subscription line. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SubscriptionLineMember" xlink:to="akr_SubscriptionLineMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SubscriptionLineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subscription Line </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SubscriptionLineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subscription Line [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_UnsecuredLineOfCreditMember" xlink:type="locator" xlink:label="akr_UnsecuredLineOfCreditMember"/>
<link:label xml:lang="en-US" xlink:label="akr_UnsecuredLineOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Unsecured line of credit. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_UnsecuredLineOfCreditMember" xlink:to="akr_UnsecuredLineOfCreditMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_UnsecuredLineOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unsecured Line of Credit </link:label>
<link:label xml:lang="en-US" xlink:label="akr_UnsecuredLineOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Unsecured Line Of Credit [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableRateAxis" xlink:type="locator" xlink:label="us-gaap_VariableRateAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateAxis" xlink:to="us-gaap_VariableRateAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableRateDomain" xlink:type="locator" xlink:label="us-gaap_VariableRateDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateDomain" xlink:to="us-gaap_VariableRateDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:type="locator" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> LIBOR </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:to="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> London Interbank Offered Rate L I B O R [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrimeRateMember" xlink:type="locator" xlink:label="us-gaap_PrimeRateMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PrimeRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Prime Rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrimeRateMember" xlink:to="us-gaap_PrimeRateMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PrimeRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Prime Rate [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_UnsecuredNotesPayableMember" xlink:type="locator" xlink:label="akr_UnsecuredNotesPayableMember"/>
<link:label xml:lang="en-US" xlink:label="akr_UnsecuredNotesPayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Unsecured notes payable. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_UnsecuredNotesPayableMember" xlink:to="akr_UnsecuredNotesPayableMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_UnsecuredNotesPayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unsecured Notes Payable </link:label>
<link:label xml:lang="en-US" xlink:label="akr_UnsecuredNotesPayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Unsecured Notes Payable [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_VariableRateMember" xlink:type="locator" xlink:label="akr_VariableRateMember"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Variable rate. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_VariableRateMember" xlink:to="akr_VariableRateMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable Rate </link:label>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt Instrument [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Interest rate, stated percentage </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Interest Rate Stated Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Basis spread on variable rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Basis Spread On Variable Rate1 </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentCarryingAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Long-term debt, gross </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Carrying Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:type="locator" xlink:label="us-gaap_DeferredFinanceCostsNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Net unamortized debt issuance costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Deferred Finance Costs Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentUnamortizedPremium" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentUnamortizedPremium"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnamortizedPremium_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unamortized fair market value of assumed debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedPremium" xlink:to="us-gaap_DebtInstrumentUnamortizedPremium_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnamortizedPremium_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Unamortized Premium </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebt" xlink:type="locator" xlink:label="us-gaap_LongTermDebt"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total Indebtedness </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember" xlink:type="locator" xlink:label="akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Variable rate debt fixed with interest rate swap agreements. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember" xlink:to="akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Total Debt - Variable Rate Debt Fixed with Interest Rate Swap Agreements </link:label>
<link:label xml:lang="en-US" xlink:label="akr_VariableRateDebtFixedWithInterestRateSwapAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Rate Debt Fixed With Interest Rate Swap Agreements [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:type="locator" xlink:label="us-gaap_DerivativeInstrumentRiskAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative Instrument </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentRiskAxis" xlink:to="us-gaap_DerivativeInstrumentRiskAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Instrument Risk [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:type="locator" xlink:label="us-gaap_DerivativeContractTypeDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative Contract </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_DerivativeContractTypeDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Contract Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:type="locator" xlink:label="us-gaap_InterestRateSwapMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Interest Rate Swaps </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateSwapMember" xlink:to="us-gaap_InterestRateSwapMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest Rate Swap [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateCapMember" xlink:type="locator" xlink:label="us-gaap_InterestRateCapMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateCapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable-rate debt that subject to interest cap agreements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateCapMember" xlink:to="us-gaap_InterestRateCapMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateCapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest Rate Cap [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OtherSecuredFinancingsMember" xlink:type="locator" xlink:label="akr_OtherSecuredFinancingsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_OtherSecuredFinancingsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Other secured financings. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OtherSecuredFinancingsMember" xlink:to="akr_OtherSecuredFinancingsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OtherSecuredFinancingsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other Secured Financings </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OtherSecuredFinancingsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Secured Financings [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SeniorUnsecuredCreditFacilityMember" xlink:type="locator" xlink:label="akr_SeniorUnsecuredCreditFacilityMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SeniorUnsecuredCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Senior unsecured credit facility. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SeniorUnsecuredCreditFacilityMember" xlink:to="akr_SeniorUnsecuredCreditFacilityMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SeniorUnsecuredCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Senior Unsecured Credit Facility </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SeniorUnsecuredCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Senior Unsecured Credit Facility [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ThreeHundredAndFifthMillionTermLoanMember" xlink:type="locator" xlink:label="akr_ThreeHundredAndFifthMillionTermLoanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredAndFifthMillionTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Three hundred and fifth million term loan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ThreeHundredAndFifthMillionTermLoanMember" xlink:to="akr_ThreeHundredAndFifthMillionTermLoanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredAndFifthMillionTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> $300 Million Term Loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredAndFifthMillionTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Three Hundred And Fifth Million Term Loan [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OneHundredAndFifthMillionTermLoanMember" xlink:type="locator" xlink:label="akr_OneHundredAndFifthMillionTermLoanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_OneHundredAndFifthMillionTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> One hundred and fifth million term loan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OneHundredAndFifthMillionTermLoanMember" xlink:to="akr_OneHundredAndFifthMillionTermLoanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OneHundredAndFifthMillionTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> $150 Million Term Loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OneHundredAndFifthMillionTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> One Hundred And Fifth Million Term Loan [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:type="locator" xlink:label="us-gaap_CreditFacilityAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Credit Facility </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Credit Facility [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:type="locator" xlink:label="us-gaap_CreditFacilityDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Credit Facility </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Credit Facility [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:type="locator" xlink:label="us-gaap_RevolvingCreditFacilityMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Revolving Credit Facility </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevolvingCreditFacilityMember" xlink:to="us-gaap_RevolvingCreditFacilityMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Revolving Credit Facility [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maximum borrowing capacity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Line Of Credit Facility Maximum Borrowing Capacity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maturity date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityExpirationDate1" xlink:to="us-gaap_LineOfCreditFacilityExpirationDate1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Line Of Credit Facility Expiration Date1 </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MortgageLoanOneMember" xlink:type="locator" xlink:label="akr_MortgageLoanOneMember"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoanOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Mortgage loan one. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MortgageLoanOneMember" xlink:to="akr_MortgageLoanOneMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoanOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgages One </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoanOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loan One [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MortgageLoanTwoMember" xlink:type="locator" xlink:label="akr_MortgageLoanTwoMember"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoanTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Mortgage loan two. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MortgageLoanTwoMember" xlink:to="akr_MortgageLoanTwoMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoanTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgages Two </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MortgageLoanTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loan Two [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConstructionLoansMember" xlink:type="locator" xlink:label="us-gaap_ConstructionLoansMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Construction Loans </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionLoansMember" xlink:to="us-gaap_ConstructionLoansMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Construction Loans [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember" xlink:type="locator" xlink:label="akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 717 North Michigan Avenue mortgage. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember" xlink:to="akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 717 North Michigan Avenue </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SevenHundredAndSeventeenNorthMichiganAvenueMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Seven Hundred And Seventeen North Michigan Avenue Mortgage [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_CityPointMember" xlink:type="locator" xlink:label="akr_CityPointMember"/>
<link:label xml:lang="en-US" xlink:label="akr_CityPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> City Point [Member] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_CityPointMember" xlink:to="akr_CityPointMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_CityPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> City Point Project </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CityPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> City Point [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NewMarketTaxCreditMember" xlink:type="locator" xlink:label="akr_NewMarketTaxCreditMember"/>
<link:label xml:lang="en-US" xlink:label="akr_NewMarketTaxCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> New market tax credit. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NewMarketTaxCreditMember" xlink:to="akr_NewMarketTaxCreditMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NewMarketTaxCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> New Market Tax Credit </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NewMarketTaxCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> New Market Tax Credit [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Income Statement Location </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Statement Location [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Income Statement Location </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Statement Location [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncomeMember" xlink:type="locator" xlink:label="us-gaap_OtherIncomeMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other Income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeMember" xlink:to="us-gaap_OtherIncomeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Income [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateNumberOfLoans"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateNumberOfLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of mortgage loans </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateNumberOfLoans" xlink:to="srt_MortgageLoansOnRealEstateNumberOfLoans_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateNumberOfLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Mortgage Loans On Real Estate Number Of Loans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentFaceAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Borrowings, amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Face Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCredit" xlink:type="locator" xlink:label="us-gaap_LineOfCredit"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Loan amount drew down </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Line Of Credit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfLinesOfCredit"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Repayments of debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLinesOfCredit" xlink:to="us-gaap_RepaymentsOfLinesOfCredit_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Repayments Of Lines Of Credit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentPeriodicPaymentPrincipal" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentPrincipal"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentPrincipal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Scheduled principal payment </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentPeriodicPaymentPrincipal" xlink:to="us-gaap_DebtInstrumentPeriodicPaymentPrincipal_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentPrincipal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Periodic Payment Principal </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PrepaymentOfLineOfCredit" xlink:type="locator" xlink:label="akr_PrepaymentOfLineOfCredit"/>
<link:label xml:lang="en-US" xlink:label="akr_PrepaymentOfLineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Prepayment of line of credit. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PrepaymentOfLineOfCredit" xlink:to="akr_PrepaymentOfLineOfCredit_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PrepaymentOfLineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Prepayment of line of credit </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PrepaymentOfLineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Prepayment Of Line Of Credit </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_IncreaseDecreaseInMortgageLoans" xlink:type="locator" xlink:label="akr_IncreaseDecreaseInMortgageLoans"/>
<link:label xml:lang="en-US" xlink:label="akr_IncreaseDecreaseInMortgageLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Increase (decrease) in mortgage loans. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_IncreaseDecreaseInMortgageLoans" xlink:to="akr_IncreaseDecreaseInMortgageLoans_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DecreaseInFutureAvailabilityOfMortgageLoan" xlink:type="locator" xlink:label="akr_DecreaseInFutureAvailabilityOfMortgageLoan"/>
<link:label xml:lang="en-US" xlink:label="akr_DecreaseInFutureAvailabilityOfMortgageLoan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Decrease in future availability of mortgage loan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DecreaseInFutureAvailabilityOfMortgageLoan" xlink:to="akr_DecreaseInFutureAvailabilityOfMortgageLoan_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OutstandingMortgageLoanAmount" xlink:type="locator" xlink:label="akr_OutstandingMortgageLoanAmount"/>
<link:label xml:lang="en-US" xlink:label="akr_OutstandingMortgageLoanAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Outstanding mortgage loan amount. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OutstandingMortgageLoanAmount" xlink:to="akr_OutstandingMortgageLoanAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_IncreaseDecreaseInMortgageLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Increase (decrease) in mortgage loans </link:label>
<link:label xml:lang="en-US" xlink:label="akr_IncreaseDecreaseInMortgageLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Increase Decrease In Mortgage Loans </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DecreaseInFutureAvailabilityOfMortgageLoan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Decrease in future availability of mortgage loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DecreaseInFutureAvailabilityOfMortgageLoan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Decrease In Future Availability Of Mortgage Loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OutstandingMortgageLoanAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Outstanding mortgage loan amount </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OutstandingMortgageLoanAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Outstanding Mortgage Loan Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNotionalAmount" xlink:type="locator" xlink:label="us-gaap_DerivativeNotionalAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative, notional amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNotionalAmount" xlink:to="us-gaap_DerivativeNotionalAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Notional Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAverageFixedInterestRate" xlink:type="locator" xlink:label="us-gaap_DerivativeAverageFixedInterestRate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAverageFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative weighted average interest rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAverageFixedInterestRate" xlink:to="us-gaap_DerivativeAverageFixedInterestRate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAverageFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Average Fixed Interest Rate </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfPropertiesCollateralized" xlink:type="locator" xlink:label="akr_NumberOfPropertiesCollateralized"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPropertiesCollateralized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of properties collateralized. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfPropertiesCollateralized" xlink:to="akr_NumberOfPropertiesCollateralized_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPropertiesCollateralized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of properties collateralized </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPropertiesCollateralized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Properties Collateralized </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DebtInstrumentDefaultInterest" xlink:type="locator" xlink:label="akr_DebtInstrumentDefaultInterest"/>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentDefaultInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Debt instrument, default interest. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DebtInstrumentDefaultInterest" xlink:to="akr_DebtInstrumentDefaultInterest_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDefaultLongtermDebtAmount" xlink:type="locator" xlink:label="us-gaap_DebtDefaultLongtermDebtAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtDefaultLongtermDebtAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt default, amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDefaultLongtermDebtAmount" xlink:to="us-gaap_DebtDefaultLongtermDebtAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtDefaultLongtermDebtAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Default Longterm Debt Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentMaturityDate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt instrument, maturity date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Maturity Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentDefaultInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt default interest </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DebtInstrumentDefaultInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Default Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:type="locator" xlink:label="us-gaap_LossContingencyDamagesSoughtValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LossContingencyDamagesSoughtValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Claim amount exclusive of accruing interest, default interest, fees and costs </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyDamagesSoughtValue" xlink:to="us-gaap_LossContingencyDamagesSoughtValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LossContingencyDamagesSoughtValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Loss Contingency Damages Sought Value </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_IncomeRecognizedFromTaxCreditTransactions" xlink:type="locator" xlink:label="akr_IncomeRecognizedFromTaxCreditTransactions"/>
<link:label xml:lang="en-US" xlink:label="akr_IncomeRecognizedFromTaxCreditTransactions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Income recognized from tax credit transactions. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_IncomeRecognizedFromTaxCreditTransactions" xlink:to="akr_IncomeRecognizedFromTaxCreditTransactions_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans" xlink:type="locator" xlink:label="akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans"/>
<link:label xml:lang="en-US" xlink:label="akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Percentage of tax credits on qualifying invested equity loans. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans" xlink:to="akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount" xlink:type="locator" xlink:label="akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount"/>
<link:label xml:lang="en-US" xlink:label="akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Transfer of tax credit transactions to investors exchange amount. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount" xlink:to="akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_RedemptionOfLoanExpirationPeriod" xlink:type="locator" xlink:label="akr_RedemptionOfLoanExpirationPeriod"/>
<link:label xml:lang="en-US" xlink:label="akr_RedemptionOfLoanExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Redemption of loan expiration period. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RedemptionOfLoanExpirationPeriod" xlink:to="akr_RedemptionOfLoanExpirationPeriod_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_IncomeRecognizedFromTaxCreditTransactions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Income recognized from tax credit transactions </link:label>
<link:label xml:lang="en-US" xlink:label="akr_IncomeRecognizedFromTaxCreditTransactions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Recognized From Tax Credit Transactions </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Percentage of tax credits on qualifying invested equity loans </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PercentageOfTaxCreditsOnQualifyingInvestedEquityLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Percentage Of Tax Credits On Qualifying Invested Equity Loans </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Transfer of tax credit transactions to investors exchange amount </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TransferOfTaxCreditTransactionsToInvestorsExchangeAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Transfer Of Tax Credit Transactions To Investors Exchange Amount </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RedemptionOfLoanExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Redemption of loan expiration period </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RedemptionOfLoanExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Redemption Of Loan Expiration Period </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ThreeHundredMillionsTermLoanMember" xlink:type="locator" xlink:label="akr_ThreeHundredMillionsTermLoanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredMillionsTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Three hundred millions term loan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ThreeHundredMillionsTermLoanMember" xlink:to="akr_ThreeHundredMillionsTermLoanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredMillionsTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> $300 Million Term Loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredMillionsTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Three Hundred Millions Term Loan [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ThreeHundredAndFiftyMillionsTermLoanMember" xlink:type="locator" xlink:label="akr_ThreeHundredAndFiftyMillionsTermLoanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredAndFiftyMillionsTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Three hundred and fifty millions term loan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ThreeHundredAndFiftyMillionsTermLoanMember" xlink:to="akr_ThreeHundredAndFiftyMillionsTermLoanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredAndFiftyMillionsTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> $350 Million Term Loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ThreeHundredAndFiftyMillionsTermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Three Hundred And Fifty Millions Term Loan [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LoansMaturingInSeptember2020Member" xlink:type="locator" xlink:label="akr_LoansMaturingInSeptember2020Member"/>
<link:label xml:lang="en-US" xlink:label="akr_LoansMaturingInSeptember2020Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Loans maturing in September 2020. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LoansMaturingInSeptember2020Member" xlink:to="akr_LoansMaturingInSeptember2020Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LoansMaturingInSeptember2020Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Term Loan Maturing In September 2020 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LoansMaturingInSeptember2020Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Loans Maturing In September2020 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuredDebtMember" xlink:type="locator" xlink:label="us-gaap_SecuredDebtMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SecuredDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Secured Debt </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebtMember" xlink:to="us-gaap_SecuredDebtMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SecuredDebtMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Secured Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:type="locator" xlink:label="us-gaap_LetterOfCreditMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LetterOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Letter of Credit </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LetterOfCreditMember" xlink:to="us-gaap_LetterOfCreditMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LetterOfCreditMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Letter Of Credit [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BridgeFacilityMember" xlink:type="locator" xlink:label="akr_BridgeFacilityMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BridgeFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Bridge facility. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BridgeFacilityMember" xlink:to="akr_BridgeFacilityMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BridgeFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Bridge facility </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BridgeFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Bridge Facility [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Debt available balance </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount" xlink:to="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Unused Borrowing Capacity Amount </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Long-term debt outstanding </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermLineOfCredit" xlink:type="locator" xlink:label="us-gaap_LongTermLineOfCredit"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermLineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Long-term line of credit, noncurrent </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermLineOfCredit" xlink:to="us-gaap_LongTermLineOfCredit_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermLineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Line Of Credit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Remaining borrowing capacity </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Line Of Credit Facility Remaining Borrowing Capacity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:type="locator" xlink:label="us-gaap_LettersOfCreditOutstandingAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LettersOfCreditOutstandingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Letters of credit, outstanding amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LettersOfCreditOutstandingAmount" xlink:to="us-gaap_LettersOfCreditOutstandingAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LettersOfCreditOutstandingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Letters Of Credit Outstanding Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:type="locator" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2019 (Remainder) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="locator" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2020 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt Maturities Repayments Of Principal In Year Two </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="locator" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2021 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt Maturities Repayments Of Principal In Year Three </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="locator" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2022 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt Maturities Repayments Of Principal In Year Four </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="locator" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2023 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt Maturities Repayments Of Principal In Year Five </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="locator" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Thereafter </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Debt Maturities Repayments Of Principal After Year Five </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Long-term debt and convertible notes payable </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnamortizedPremium_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Unamortized premium </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Measurement Frequency </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="us-gaap_FairValueByMeasurementFrequencyAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value By Measurement Frequency [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Measurement Frequency </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="us-gaap_FairValueMeasurementFrequencyDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Measurement Frequency [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsRecurringMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Recurring </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsRecurringMember" xlink:to="us-gaap_FairValueMeasurementsRecurringMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Measurements Recurring [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Level 2 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value By Fair Value Hierarchy Level [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value Hierarchy and NAV </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Measurements Fair Value Hierarchy [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel1Member"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Level 1 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Inputs Level1 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel2Member"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Level 2 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Inputs Level2 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel3Member"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Level 3 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Inputs Level3 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsFairValueDisclosureAbstract" xlink:to="us-gaap_AssetsFairValueDisclosureAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Assets Fair Value Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Money Market Funds </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:to="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cash And Cash Equivalents Fair Value Disclosure </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Derivative financial instruments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:to="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Liabilities Fair Value Disclosure [Abstract] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Derivative financial instruments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Nonrecurring </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsNonrecurringMember" xlink:to="us-gaap_FairValueMeasurementsNonrecurringMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Measurements Nonrecurring [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember" xlink:type="locator" xlink:label="us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Disposal group, held-for-sale </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember" xlink:to="us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Disposal Group Heldforsale Not Discontinued Operations [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_BoweryPropertyMember" xlink:type="locator" xlink:label="akr_BoweryPropertyMember"/>
<link:label xml:lang="en-US" xlink:label="akr_BoweryPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 210 Bowery property. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_BoweryPropertyMember" xlink:to="akr_BoweryPropertyMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_BoweryPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 210 Bowery property </link:label>
<link:label xml:lang="en-US" xlink:label="akr_BoweryPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Bowery Property [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Impairment charges </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_DerivativeEffectiveMonthYear" xlink:type="locator" xlink:label="akr_DerivativeEffectiveMonthYear"/>
<link:label xml:lang="en-US" xlink:label="akr_DerivativeEffectiveMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Derivative effective month year. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DerivativeEffectiveMonthYear" xlink:to="akr_DerivativeEffectiveMonthYear_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DerivativeMaturityMonthYear" xlink:type="locator" xlink:label="akr_DerivativeMaturityMonthYear"/>
<link:label xml:lang="en-US" xlink:label="akr_DerivativeMaturityMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Derivative maturity month year. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DerivativeMaturityMonthYear" xlink:to="akr_DerivativeMaturityMonthYear_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:type="locator" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Values Derivatives Balance Sheet Location By Derivative Contract Type By Hedging Designation [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:to="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Values Derivatives Balance Sheet Location By Derivative Contract Type By Hedging Designation [Table] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateCapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Interest Rate Cap </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:type="locator" xlink:label="us-gaap_BalanceSheetLocationAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Balance Sheet Location </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationAxis" xlink:to="us-gaap_BalanceSheetLocationAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Balance Sheet Location [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:type="locator" xlink:label="us-gaap_BalanceSheetLocationDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Balance Sheet Location </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationDomain" xlink:to="us-gaap_BalanceSheetLocationDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Balance Sheet Location [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:type="locator" xlink:label="us-gaap_OtherLiabilitiesMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other Liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesMember" xlink:to="us-gaap_OtherLiabilitiesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Liabilities [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsMember" xlink:type="locator" xlink:label="us-gaap_OtherAssetsMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other Assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsMember" xlink:to="us-gaap_OtherAssetsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Assets [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:type="locator" xlink:label="us-gaap_DerivativesFairValueLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativesFairValueLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivatives, Fair Value [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesFairValueLineItems" xlink:to="us-gaap_DerivativesFairValueLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativesFairValueLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivatives Fair Value [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Aggregate Notional Amount </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DerivativeEffectiveMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative Effective Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DerivativeEffectiveMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Effective Month Year </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DerivativeMaturityMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative Maturity Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DerivativeMaturityMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Maturity Month Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeVariableInterestRate" xlink:type="locator" xlink:label="us-gaap_DerivativeVariableInterestRate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeVariableInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Strike Rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeVariableInterestRate" xlink:to="us-gaap_DerivativeVariableInterestRate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeVariableInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Variable Interest Rate </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Fair value, liability derivatives </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel"> Fair value, asset derivatives </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNet" xlink:type="locator" xlink:label="us-gaap_DerivativeFairValueOfDerivativeNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeFairValueOfDerivativeNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair value, derivatives, net </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFairValueOfDerivativeNet" xlink:to="us-gaap_DerivativeFairValueOfDerivativeNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeFairValueOfDerivativeNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Fair Value Of Derivative Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:type="locator" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of derivative instruments held </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:to="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Derivative Number Of Instruments Held </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:type="locator" xlink:label="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Reclassification adjustment related to derivatives from AOCI to interest expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:to="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueHedgeAssetsAtFairValue" xlink:type="locator" xlink:label="us-gaap_FairValueHedgeAssetsAtFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueHedgeAssetsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivatives designated as fair value hedges </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueHedgeAssetsAtFairValue" xlink:to="us-gaap_FairValueHedgeAssetsAtFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueHedgeAssetsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Hedge Assets At Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetInvestmentHedgeDerivativeAssetsAtFairValue" xlink:type="locator" xlink:label="us-gaap_NetInvestmentHedgeDerivativeAssetsAtFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetInvestmentHedgeDerivativeAssetsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Derivative designated to hedges of net investments in foreign operations </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetInvestmentHedgeDerivativeAssetsAtFairValue" xlink:to="us-gaap_NetInvestmentHedgeDerivativeAssetsAtFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NetInvestmentHedgeDerivativeAssetsAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Net Investment Hedge Derivative Assets At Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:type="locator" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value By Balance Sheet Grouping [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value By Balance Sheet Grouping [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByMeasurementBasisAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Measurement Basis </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementBasisAxis" xlink:to="us-gaap_FairValueByMeasurementBasisAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value By Measurement Basis [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:type="locator" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value Disclosure Item Amounts [Default] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:to="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Portion At Fair Value Fair Value Disclosure [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:type="locator" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value Measurement </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:to="us-gaap_FairValueDisclosureItemAmountsDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Disclosure Item Amounts [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:type="locator" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Carrying Amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:to="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Carrying Reported Amount Fair Value Disclosure [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:type="locator" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Estimated Fair Value </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:to="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Estimate Of Fair Value Fair Value Disclosure [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:type="locator" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel"> Notes Receivable </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_LongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Mortgage and Other Notes Payable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesFvNi" xlink:type="locator" xlink:label="us-gaap_EquitySecuritiesFvNi"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesFvNi_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Investment in non-traded equity securities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesFvNi" xlink:to="us-gaap_EquitySecuritiesFvNi_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesFvNi_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Equity Securities Fv Ni </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_UnsecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Unsecured notes payable and Unsecured line of credit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractualObligation" xlink:type="locator" xlink:label="us-gaap_ContractualObligation"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Contractual obligation </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligation" xlink:to="us-gaap_ContractualObligation_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Contractual Obligation </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation" xlink:type="locator" xlink:label="akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation"/>
<link:label xml:lang="en-US" xlink:label="akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Restricted stock, shares canceled for tax withholding for share based compensation. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation" xlink:to="akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfStockByClassTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Stock By Class [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ScheduleOfStockByClassTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Stock By Class [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AwardTypeAxis" xlink:type="locator" xlink:label="us-gaap_AwardTypeAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Award Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Award Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Award Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangements By Share Based Payment Award Award Type And Plan Name [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedStockMember" xlink:type="locator" xlink:label="us-gaap_RestrictedStockMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Restricted shares </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockMember" xlink:to="us-gaap_RestrictedStockMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Restricted Stock [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LtipUnitsAndRestrictedStockMember" xlink:type="locator" xlink:label="akr_LtipUnitsAndRestrictedStockMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LtipUnitsAndRestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> LTIP units and restricted stock. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LtipUnitsAndRestrictedStockMember" xlink:to="akr_LtipUnitsAndRestrictedStockMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LtipUnitsAndRestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> LTIP Units and Restricted Stock </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LtipUnitsAndRestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Ltip Units And Restricted Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:type="locator" xlink:label="us-gaap_ClassOfStockLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Class Of Stock [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Class Of Stock [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Restricted stock, shares canceled for tax withholding for share based compensation (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RestrictedStockSharesCanceledForTaxWithholdingForShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Restricted Stock Shares Canceled For Tax Withholding For Share Based Compensation </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LongTermIncentiveAndShareBasedCompensationExpense" xlink:type="locator" xlink:label="akr_LongTermIncentiveAndShareBasedCompensationExpense"/>
<link:label xml:lang="en-US" xlink:label="akr_LongTermIncentiveAndShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Long term incentive and share based compensation expense. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LongTermIncentiveAndShareBasedCompensationExpense" xlink:to="akr_LongTermIncentiveAndShareBasedCompensationExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LongTermIncentiveAndShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unit based compensation </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LongTermIncentiveAndShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Incentive And Share Based Compensation Expense </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ProceedsFromStockPlansNetOfIssuanceCosts" xlink:type="locator" xlink:label="akr_ProceedsFromStockPlansNetOfIssuanceCosts"/>
<link:label xml:lang="en-US" xlink:label="akr_ProceedsFromStockPlansNetOfIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Proceeds from stock plans net of issuance costs. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ProceedsFromStockPlansNetOfIssuanceCosts" xlink:to="akr_ProceedsFromStockPlansNetOfIssuanceCosts_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_WeightedAverageSharePrice" xlink:type="locator" xlink:label="akr_WeightedAverageSharePrice"/>
<link:label xml:lang="en-US" xlink:label="akr_WeightedAverageSharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Weighted average share price. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_WeightedAverageSharePrice" xlink:to="akr_WeightedAverageSharePrice_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis" xlink:type="locator" xlink:label="us-gaap_SubsidiarySaleOfStockAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Sale of Stock </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsidiarySaleOfStockAxis" xlink:to="us-gaap_SubsidiarySaleOfStockAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsidiary Sale Of Stock [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain" xlink:type="locator" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Sale of Stock </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleOfStockNameOfTransactionDomain" xlink:to="us-gaap_SaleOfStockNameOfTransactionDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Sale Of Stock Name Of Transaction [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_AtTheMarketProgramMember" xlink:type="locator" xlink:label="akr_AtTheMarketProgramMember"/>
<link:label xml:lang="en-US" xlink:label="akr_AtTheMarketProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> At the market program. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AtTheMarketProgramMember" xlink:to="akr_AtTheMarketProgramMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_AtTheMarketProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> ATM Program </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AtTheMarketProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> At The Market Program [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel"> Issuance of ordinary shares (in shares) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromStockPlans" xlink:type="locator" xlink:label="us-gaap_ProceedsFromStockPlans"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromStockPlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Gross proceeds </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromStockPlans" xlink:to="us-gaap_ProceedsFromStockPlans_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromStockPlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Stock Plans </link:label>
<link:label xml:lang="en-US" xlink:label="akr_WeightedAverageSharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted Average Share Price </link:label>
<link:label xml:lang="en-US" xlink:label="akr_WeightedAverageSharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Weighted Average Share Price </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ProceedsFromStockPlansNetOfIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds from stock plans net of issuance costs </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ProceedsFromStockPlansNetOfIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Stock Plans Net Of Issuance Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Purchase new program included an optional forward purchase component </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Value New Issues </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_StockRepurchaseProgramFees" xlink:type="locator" xlink:label="akr_StockRepurchaseProgramFees"/>
<link:label xml:lang="en-US" xlink:label="akr_StockRepurchaseProgramFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Stock repurchase program, fees. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_StockRepurchaseProgramFees" xlink:to="akr_StockRepurchaseProgramFees_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:type="locator" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Authorized amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Repurchase Program Authorized Amount1 </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of shares repurchased during period (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares repurchased during period </link:label>
<link:label xml:lang="en-US" xlink:label="akr_StockRepurchaseProgramFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Stock repurchase fees </link:label>
<link:label xml:lang="en-US" xlink:label="akr_StockRepurchaseProgramFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Repurchase Program Fees </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:type="locator" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Remaining authorized repurchase amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:to="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Repurchase Program Remaining Authorized Repurchase Amount1 </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsAxis" xlink:type="locator" xlink:label="us-gaap_DividendsAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Dividends </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsAxis" xlink:to="us-gaap_DividendsAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsDomain" xlink:type="locator" xlink:label="us-gaap_DividendsDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Dividends </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsDomain" xlink:to="us-gaap_DividendsDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FourthQuarterTwoThousandEighteenMember" xlink:type="locator" xlink:label="akr_FourthQuarterTwoThousandEighteenMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FourthQuarterTwoThousandEighteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fourth quarter two thousand eighteen Member. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FourthQuarterTwoThousandEighteenMember" xlink:to="akr_FourthQuarterTwoThousandEighteenMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FourthQuarterTwoThousandEighteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fourth Quarter Two Thousand Eighteen </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FourthQuarterTwoThousandEighteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fourth Quarter Two Thousand Eighteen [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FirstQuarterTwoThousandNineteenMember" xlink:type="locator" xlink:label="akr_FirstQuarterTwoThousandNineteenMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FirstQuarterTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> First Quarter Two Thousand Nineteen Member. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FirstQuarterTwoThousandNineteenMember" xlink:to="akr_FirstQuarterTwoThousandNineteenMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FirstQuarterTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> First Quarter Two Thousand Nineteen </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FirstQuarterTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> First Quarter Two Thousand Nineteen [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SecondQuarterTwoThousandNineteenMember" xlink:type="locator" xlink:label="akr_SecondQuarterTwoThousandNineteenMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SecondQuarterTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Second quarter two thousand nineteen. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SecondQuarterTwoThousandNineteenMember" xlink:to="akr_SecondQuarterTwoThousandNineteenMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SecondQuarterTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Second Quarter Two Thousand Nineteen </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SecondQuarterTwoThousandNineteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Second Quarter Two Thousand Nineteen [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ThirdQuarterTwoThousandEighteenMember" xlink:type="locator" xlink:label="akr_ThirdQuarterTwoThousandEighteenMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ThirdQuarterTwoThousandEighteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Third quarter two thousand eighteen. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ThirdQuarterTwoThousandEighteenMember" xlink:to="akr_ThirdQuarterTwoThousandEighteenMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ThirdQuarterTwoThousandEighteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Third Quarter Two Thousand Nineteen </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ThirdQuarterTwoThousandEighteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Third Quarter Two Thousand Eighteen [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:type="locator" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash dividends, declared date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends Payable Date Declared Day Month And Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="locator" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash dividends, record date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends Payable Date Of Record Day Month And Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="locator" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash dividends, paid date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividend Payable Date To Be Paid Day Month And Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:type="locator" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Reclassification Out Of Accumulated Other Comprehensive Income [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Reclassification Out Of Accumulated Other Comprehensive Income [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AociAttributableToNoncontrollingInterestMember" xlink:type="locator" xlink:label="us-gaap_AociAttributableToNoncontrollingInterestMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AociAttributableToNoncontrollingInterestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> AOCI Attributable to Noncontrolling Interest </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AociAttributableToNoncontrollingInterestMember" xlink:to="us-gaap_AociAttributableToNoncontrollingInterestMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AociAttributableToNoncontrollingInterestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Aoci Attributable To Noncontrolling Interest [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> AOCI Attributable to Parent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:type="locator" xlink:label="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:to="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:type="locator" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:to="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Other comprehensive loss before reclassifications </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Other Comprehensive Income Loss Before Reclassifications Net Of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="locator" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Reclassification of realized interest on swap agreements </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Net current period other comprehensive Income (loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterestTable" xlink:type="locator" xlink:label="us-gaap_MinorityInterestTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Minority Interest [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestTable" xlink:to="us-gaap_MinorityInterestTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minority Interest [Table] </link:label>
<link:label xml:lang="en-US" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Noncontrolling Interests in Partially-Owned Affiliates </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RestatementAxis" xlink:type="locator" xlink:label="srt_RestatementAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_RestatementAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Restatement </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RestatementAxis" xlink:to="srt_RestatementAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RestatementAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Restatement [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RestatementDomain" xlink:type="locator" xlink:label="srt_RestatementDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_RestatementDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Restatement </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RestatementDomain" xlink:to="srt_RestatementDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RestatementDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Restatement [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RestatementAdjustmentMember" xlink:type="locator" xlink:label="srt_RestatementAdjustmentMember"/>
<link:label xml:lang="en-US" xlink:label="srt_RestatementAdjustmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Restatement Adjustment </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RestatementAdjustmentMember" xlink:to="srt_RestatementAdjustmentMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RestatementAdjustmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Restatement Adjustment [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterestLineItems" xlink:type="locator" xlink:label="us-gaap_MinorityInterestLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Minority Interest [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestLineItems" xlink:to="us-gaap_MinorityInterestLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Minority Interest [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Beginning Balance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:type="locator" xlink:label="us-gaap_DividendsCommonStockCash"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsCommonStockCash_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Distributions declared of $0.28, 0.27 and $0.84, $0.81 per Common OP Unit for three and nine months ended September 30, 2019 and 2018, respectively </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsCommonStockCash" xlink:to="us-gaap_DividendsCommonStockCash_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DividendsCommonStockCash_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dividends Common Stock Cash </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Net income (loss) </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Other comprehensive loss - unrealized loss on valuation of swap agreements </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" xlink:type="locator" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Noncontrolling interest contributions </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Noncontrolling Interest Increase From Sale Of Parent Equity Interest </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Employee Long-term Incentive Plan Unit Awards </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AdjustmentsToAdditionalPaidInCapitalReallocationOfNoncontrollingInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Reallocation of noncontrolling interests </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Ending Balance </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock" xlink:type="locator" xlink:label="akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Share based compensation, convertible feature, operating partnership units, shares converted to common stock. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock" xlink:to="akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_LtipUnitsMember" xlink:type="locator" xlink:label="akr_LtipUnitsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LtipUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> LTIP units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LtipUnitsMember" xlink:to="akr_LtipUnitsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LtipUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> LTIP Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LtipUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Ltip Units [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Class of Stock </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Statement Class Of Stock [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Class of Stock </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Class Of Stock [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesAPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesAPreferredStockMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series A Preferred Stock </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesAPreferredStockMember" xlink:to="us-gaap_SeriesAPreferredStockMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Series A Preferred Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesCPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesCPreferredStockMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SeriesCPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series C Preferred Stock </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesCPreferredStockMember" xlink:to="us-gaap_SeriesCPreferredStockMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SeriesCPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Series C Preferred Stock [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Distributions declared (in dollars per share) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Conversion of Common OP Units to Common Shares by limited partners of the Operating Partnership (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ShareBasedCompensationUnitsOutstanding" xlink:type="locator" xlink:label="akr_ShareBasedCompensationUnitsOutstanding"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Share-based compensation, units outstanding. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ShareBasedCompensationUnitsOutstanding" xlink:to="akr_ShareBasedCompensationUnitsOutstanding_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="locator" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series A Preferred OP Units (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:to="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Limited Partners Capital Account Units Outstanding </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> LTIP units outstanding (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationUnitsOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Units Outstanding </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PreferredOPUnitsMember" xlink:type="locator" xlink:label="akr_PreferredOPUnitsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_PreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Preferred OP units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PreferredOPUnitsMember" xlink:to="akr_PreferredOPUnitsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Preferred OP Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Preferred O P Units [Member] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Common Shares </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Issuance of common shares, net of issuance costs (in Shares) </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PerUnitConversionAmountPreferredOPUnits" xlink:type="locator" xlink:label="akr_PerUnitConversionAmountPreferredOPUnits"/>
<link:label xml:lang="en-US" xlink:label="akr_PerUnitConversionAmountPreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Per unit conversion amount, Preferred OP Units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PerUnitConversionAmountPreferredOPUnits" xlink:to="akr_PerUnitConversionAmountPreferredOPUnits_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_PerUnitConversionAnnualRatePreferredOPUnits" xlink:type="locator" xlink:label="akr_PerUnitConversionAnnualRatePreferredOPUnits"/>
<link:label xml:lang="en-US" xlink:label="akr_PerUnitConversionAnnualRatePreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Per unit conversion annual rate, Preferred OP Units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PerUnitConversionAnnualRatePreferredOPUnits" xlink:to="akr_PerUnitConversionAnnualRatePreferredOPUnits_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DenominatorForSeriesPreferredOPUnitConversion" xlink:type="locator" xlink:label="akr_DenominatorForSeriesPreferredOPUnitConversion"/>
<link:label xml:lang="en-US" xlink:label="akr_DenominatorForSeriesPreferredOPUnitConversion_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Denominator for Series A Preferred OP Unit conversion. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DenominatorForSeriesPreferredOPUnitConversion" xlink:to="akr_DenominatorForSeriesPreferredOPUnitConversion_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfPreferredOPUnitsConverted" xlink:type="locator" xlink:label="akr_NumberOfPreferredOPUnitsConverted"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPreferredOPUnitsConverted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of Preferred OP Units converted. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfPreferredOPUnitsConverted" xlink:to="akr_NumberOfPreferredOPUnitsConverted_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits" xlink:type="locator" xlink:label="akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of Common OP Units converted from Preferred OP Units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits" xlink:to="akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:type="locator" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Preferred stock, stated value per unit </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Preferred Stock Par Or Stated Value Per Share </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerUnitConversionAmountPreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Per unit conversion amount, Series A Preferred OP Units (in dollars per unit) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerUnitConversionAmountPreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Per Unit Conversion Amount Preferred O P Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerUnitConversionAnnualRatePreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Per unit conversion annual rate, Preferred OP Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerUnitConversionAnnualRatePreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Per Unit Conversion Annual Rate Preferred O P Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPreferredOPUnitsConverted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of preferred OP Units converted (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfPreferredOPUnitsConverted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Preferred O P Units Converted </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Units converted from Preferred OP Units (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfCommonOPUnitsConvertedFromPreferredOPUnits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Common O P Units Converted From Preferred O P Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DenominatorForSeriesPreferredOPUnitConversion_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Denominator for Series A Preferred OP Unit conversion </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DenominatorForSeriesPreferredOPUnitConversion_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Denominator For Series Preferred O P Unit Conversion </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PreferredQuarterlyDistributionPerSharePrice" xlink:type="locator" xlink:label="akr_PreferredQuarterlyDistributionPerSharePrice"/>
<link:label xml:lang="en-US" xlink:label="akr_PreferredQuarterlyDistributionPerSharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Preferred quarterly distribution per share price. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PreferredQuarterlyDistributionPerSharePrice" xlink:to="akr_PreferredQuarterlyDistributionPerSharePrice_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit" xlink:type="locator" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of convertible units of share price falls below lower price limit. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit" xlink:to="akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_SharePriceAtConversionDate" xlink:type="locator" xlink:label="akr_SharePriceAtConversionDate"/>
<link:label xml:lang="en-US" xlink:label="akr_SharePriceAtConversionDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Share price at conversion date. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SharePriceAtConversionDate" xlink:to="akr_SharePriceAtConversionDate_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit" xlink:type="locator" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of convertible units of share price falls above upper price limit. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit" xlink:to="akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharePrice" xlink:type="locator" xlink:label="us-gaap_SharePrice"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Share price (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharePrice" xlink:to="us-gaap_SharePrice_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Price </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PreferredQuarterlyDistributionPerSharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Preferred quarterly distribution per share price </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PreferredQuarterlyDistributionPerSharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Preferred Quarterly Distribution Per Share Price </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of convertible units if share price below $28.80 (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsBelowLowerPriceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Convertible Units Of Share Price Falls Below Lower Price Limit </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SharePriceAtConversionDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Share price at conversion date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SharePriceAtConversionDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Price At Conversion Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of convertible units if share price above $35.20 (in shares) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfConvertibleUnitsOfSharePriceFallsAboveUpperPriceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Convertible Units Of Share Price Falls Above Upper Price Limit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfOperatingLeasedAssetsTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfOperatingLeasedAssetsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Operating Leased Assets [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:to="us-gaap_ScheduleOfOperatingLeasedAssetsTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfOperatingLeasedAssetsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Operating Leased Assets [Table] </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_AccountingStandardsUpdate201602Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> ASC Topic 842 </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_GroundOfficeAndEquipmentMember" xlink:type="locator" xlink:label="akr_GroundOfficeAndEquipmentMember"/>
<link:label xml:lang="en-US" xlink:label="akr_GroundOfficeAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Ground, office and equipment. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_GroundOfficeAndEquipmentMember" xlink:to="akr_GroundOfficeAndEquipmentMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_GroundOfficeAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Ground, Office and Equipment Leases </link:label>
<link:label xml:lang="en-US" xlink:label="akr_GroundOfficeAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Ground Office And Equipment [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_CounterpartyNameAxis" xlink:type="locator" xlink:label="srt_CounterpartyNameAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_CounterpartyNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Counterparty Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CounterpartyNameAxis" xlink:to="srt_CounterpartyNameAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_CounterpartyNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Counterparty Name [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:type="locator" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Counterparty Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="srt_RepurchaseAgreementCounterpartyNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Repurchase Agreement Counterparty Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A1238WisconsinAvenueMember" xlink:type="locator" xlink:label="akr_A1238WisconsinAvenueMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A1238WisconsinAvenueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> 1238 Wisconsin Avenue [Member] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A1238WisconsinAvenueMember" xlink:to="akr_A1238WisconsinAvenueMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A1238WisconsinAvenueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 1238 Wisconsin Avenue </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A1238WisconsinAvenueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A1238 Wisconsin Avenue [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_A110UniversityPlaceMember" xlink:type="locator" xlink:label="akr_A110UniversityPlaceMember"/>
<link:label xml:lang="en-US" xlink:label="akr_A110UniversityPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> A110 University Place [Member]. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_A110UniversityPlaceMember" xlink:to="akr_A110UniversityPlaceMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_A110UniversityPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 110 University Place </link:label>
<link:label xml:lang="en-US" xlink:label="akr_A110UniversityPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> A110 University Place [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:type="locator" xlink:label="us-gaap_OperatingLeasedAssetsLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasedAssetsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating Leased Assets [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasedAssetsLineItems" xlink:to="us-gaap_OperatingLeasedAssetsLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasedAssetsLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leased Assets [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LessorOperatingLeaseTermOfContract" xlink:type="locator" xlink:label="us-gaap_LessorOperatingLeaseTermOfContract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LessorOperatingLeaseTermOfContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating lease term </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LessorOperatingLeaseTermOfContract" xlink:to="us-gaap_LessorOperatingLeaseTermOfContract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LessorOperatingLeaseTermOfContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lessor Operating Lease Term Of Contract </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable lease revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:to="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Income Statement Lease Revenue </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:type="locator" xlink:label="us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cumulative effect adjustment to retained earnings required upon adoption of the new standard </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:to="us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Cumulative Effect Of New Accounting Principle In Period Of Adoption </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfOperatingLease" xlink:type="locator" xlink:label="akr_NumberOfOperatingLease"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfOperatingLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> number of operating lease. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfOperatingLease" xlink:to="akr_NumberOfOperatingLease_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfFinanceLease" xlink:type="locator" xlink:label="akr_NumberOfFinanceLease"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfFinanceLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of finance lease. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfFinanceLease" xlink:to="akr_NumberOfFinanceLease_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityCurrent" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating lease liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityCurrent" xlink:to="us-gaap_OperatingLeaseLiabilityCurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Liability Current </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfOperatingLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of operating lease </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfOperatingLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Operating Lease </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfFinanceLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of finance lease </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfFinanceLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Finance Lease </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseLiabilityCurrent" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseLiabilityCurrent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseLiabilityCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finance lease liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityCurrent" xlink:to="us-gaap_FinanceLeaseLiabilityCurrent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseLiabilityCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Liability Current </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Operating lease liabilities </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Acquisition of real estate </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FinanceLeaseCostSubtotal" xlink:type="locator" xlink:label="akr_FinanceLeaseCostSubtotal"/>
<link:label xml:lang="en-US" xlink:label="akr_FinanceLeaseCostSubtotal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finance lease cost Subtotal. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FinanceLeaseCostSubtotal" xlink:to="akr_FinanceLeaseCostSubtotal_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_FinanceLeasesCostAbstract" xlink:type="locator" xlink:label="akr_FinanceLeasesCostAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_FinanceLeasesCostAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Finance lease cost. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FinanceLeasesCostAbstract" xlink:to="akr_FinanceLeasesCostAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FinanceLeasesCostAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Finance lease cost: </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FinanceLeasesCostAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Leases Cost [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Amortization of right-of-use assets </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAssetAmortization" xlink:to="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Right Of Use Asset Amortization </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseInterestExpense" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseInterestExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseInterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Interest on lease liabilities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseInterestExpense" xlink:to="us-gaap_FinanceLeaseInterestExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseInterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Interest Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FinanceLeaseCostSubtotal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Subtotal </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FinanceLeaseCostSubtotal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Cost Subtotal </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseCost"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating lease cost </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableLeaseCost" xlink:type="locator" xlink:label="us-gaap_VariableLeaseCost"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Variable lease cost </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableLeaseCost" xlink:to="us-gaap_VariableLeaseCost_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VariableLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Variable Lease Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseCost" xlink:type="locator" xlink:label="us-gaap_LeaseCost"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total lease cost </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCost" xlink:to="us-gaap_LeaseCost_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lease Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted-average remaining lease term - finance leases (years) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Weighted Average Remaining Lease Term1 </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted-average remaining lease term - operating leases (years) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Weighted Average Remaining Lease Term1 </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted-average discount rate - finance leases </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Finance Lease Weighted Average Discount Rate Percent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted-average discount rate - operating leases </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Weighted Average Discount Rate Percent </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingLeaseLesseePeriodOfLeaseTerm" xlink:type="locator" xlink:label="akr_OperatingLeaseLesseePeriodOfLeaseTerm"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingLeaseLesseePeriodOfLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating lease lessee period of lease term. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingLeaseLesseePeriodOfLeaseTerm" xlink:to="akr_OperatingLeaseLesseePeriodOfLeaseTerm_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_NumberOfShoppingCentersWithLandLeases" xlink:type="locator" xlink:label="akr_NumberOfShoppingCentersWithLandLeases"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfShoppingCentersWithLandLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Number of shopping centers with land leases. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_NumberOfShoppingCentersWithLandLeases" xlink:to="akr_NumberOfShoppingCentersWithLandLeases_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_CapitalizedRentExpense" xlink:type="locator" xlink:label="akr_CapitalizedRentExpense"/>
<link:label xml:lang="en-US" xlink:label="akr_CapitalizedRentExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Capitalized rent expense. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_CapitalizedRentExpense" xlink:to="akr_CapitalizedRentExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfShoppingCentersWithLandLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of shopping centers with land leases </link:label>
<link:label xml:lang="en-US" xlink:label="akr_NumberOfShoppingCentersWithLandLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Number Of Shopping Centers With Land Leases </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:type="locator" xlink:label="us-gaap_LeaseAndRentalExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Ground lease expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="us-gaap_LeaseAndRentalExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Lease And Rental Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CapitalizedRentExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Rent expense capitalized </link:label>
<link:label xml:lang="en-US" xlink:label="akr_CapitalizedRentExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Capitalized Rent Expense </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingLeaseLesseePeriodOfLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Period of lease term </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingLeaseLesseePeriodOfLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Lease Lessee Period Of Lease Term </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesRentExpenseNet" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesRentExpenseNet"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Rent expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseNet" xlink:to="us-gaap_OperatingLeasesRentExpenseNet_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Rent Expense Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentTerm"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Capital lease term </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="us-gaap_DebtInstrumentTerm_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Debt Instrument Term </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Repayments capital lease obligations </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:to="us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Repayments Of Debt And Capital Lease Obligations </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments remainder of fiscal year </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due in two years. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due in three years. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due in four years. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due in five years. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due thereafter. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Minimum Rental Revenues </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2019 (Remainder) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2020 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable In Two Years </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2021 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable In Three Years </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2022 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable In Four Years </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2023 </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable In Five Years </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Thereafter </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable Thereafter </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Leases Future Minimum Payments Receivable </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract" xlink:type="locator" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Operating and financing leases future minimum payments due. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract" xlink:to="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Minimum Rental Payments </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due [Abstract] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2019 (Remainder) </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Remainder Of Fiscal Year </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2020 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due In Two Years </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2021 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due In Three Years </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2022 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due In Four Years </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> 2023 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due In Five Years </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Thereafter </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due Thereafter </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Total </link:label>
<link:label xml:lang="en-US" xlink:label="akr_OperatingAndFinancingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating And Financing Leases Future Minimum Payments Due </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease" xlink:type="locator" xlink:label="akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease"/>
<link:label xml:lang="en-US" xlink:label="akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Future minimum rental payments of interest related to finance lease. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease" xlink:to="akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Minimum rental payments of interest related to finance lease </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Future Minimum Rental Payments Of Interest Related To Finance Lease </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Segment Reporting Information By Segment [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Segment Reporting Information By Segment [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsAxis" xlink:type="locator" xlink:label="srt_ConsolidationItemsAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidationItemsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consolidation Items </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsAxis" xlink:to="srt_ConsolidationItemsAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidationItemsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Consolidation Items [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsDomain" xlink:type="locator" xlink:label="srt_ConsolidationItemsDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidationItemsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consolidation Items </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsDomain" xlink:to="srt_ConsolidationItemsDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ConsolidationItemsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Consolidation Items [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:type="locator" xlink:label="us-gaap_OperatingSegmentsMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Operating Segments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingSegmentsMember" xlink:to="us-gaap_OperatingSegmentsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Operating Segments [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CorporateNonSegmentMember" xlink:type="locator" xlink:label="us-gaap_CorporateNonSegmentMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CorporateNonSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Unallocated </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateNonSegmentMember" xlink:to="us-gaap_CorporateNonSegmentMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_CorporateNonSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Corporate Non Segment [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_StructuredFinancingMember" xlink:type="locator" xlink:label="akr_StructuredFinancingMember"/>
<link:label xml:lang="en-US" xlink:label="akr_StructuredFinancingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Structured financing. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_StructuredFinancingMember" xlink:to="akr_StructuredFinancingMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_StructuredFinancingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Structured Financing </link:label>
<link:label xml:lang="en-US" xlink:label="akr_StructuredFinancingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Structured Financing [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:type="locator" xlink:label="us-gaap_SegmentReportingInformationLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Segment Reporting Information [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Segment Reporting Information [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PropertyOperatingExpensesAndRealEstateTaxes_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Property operating expenses, other operating and real estate taxes </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PropertyOperatingExpensesAndRealEstateTaxes_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Property Operating Expenses And Real Estate Taxes </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> General and administrative expenses </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Impairment charge </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndOtherIncome" xlink:type="locator" xlink:label="us-gaap_InterestAndOtherIncome"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndOtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Interest and Other Income </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndOtherIncome" xlink:to="us-gaap_InterestAndOtherIncome_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndOtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Interest And Other Income </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Equity in earnings (losses) of unconsolidated affiliates </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost" xlink:type="locator" xlink:label="akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost"/>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Real estate investment property and development in process, at cost. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost" xlink:to="akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real estate at cost </link:label>
<link:label xml:lang="en-US" xlink:label="akr_RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Investment Property And Development In Process At Cost </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Total assets </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash paid for development and property improvement costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PlanNameAxis" xlink:type="locator" xlink:label="us-gaap_PlanNameAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Plan Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Plan Name [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PlanNameDomain" xlink:type="locator" xlink:label="us-gaap_PlanNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Plan Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameDomain" xlink:to="us-gaap_PlanNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Plan Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TwoThousandSixteenShareIncentivePlanMember" xlink:type="locator" xlink:label="akr_TwoThousandSixteenShareIncentivePlanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TwoThousandSixteenShareIncentivePlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Two thousand sixteen share incentive plan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TwoThousandSixteenShareIncentivePlanMember" xlink:to="akr_TwoThousandSixteenShareIncentivePlanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TwoThousandSixteenShareIncentivePlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Share Incentive Plan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TwoThousandSixteenShareIncentivePlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Two Thousand Sixteen Share Incentive Plan [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VestingAxis" xlink:type="locator" xlink:label="us-gaap_VestingAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VestingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Vesting </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingAxis" xlink:to="us-gaap_VestingAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VestingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Vesting [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VestingDomain" xlink:type="locator" xlink:label="us-gaap_VestingDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VestingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Vesting </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingDomain" xlink:to="us-gaap_VestingDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_VestingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Vesting [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TSRPercentile25To50Member" xlink:type="locator" xlink:label="akr_TSRPercentile25To50Member"/>
<link:label xml:lang="en-US" xlink:label="akr_TSRPercentile25To50Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> TSR percentile, 25 to 50. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TSRPercentile25To50Member" xlink:to="akr_TSRPercentile25To50Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TSRPercentile25To50Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> TSR percentile falls between the 25th percentile and the 50th percentile </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TSRPercentile25To50Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> T S R Percentile25 To50 [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TSRPercentile50To75Member" xlink:type="locator" xlink:label="akr_TSRPercentile50To75Member"/>
<link:label xml:lang="en-US" xlink:label="akr_TSRPercentile50To75Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> TSR percentile, 50 to 75. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TSRPercentile50To75Member" xlink:to="akr_TSRPercentile50To75Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TSRPercentile50To75Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> TSR percentile falls between the 50th percentile and 75th percentile </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TSRPercentile50To75Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> T S R Percentile50 To75 [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PerformancePeriodEndingDecember312021Member" xlink:type="locator" xlink:label="akr_PerformancePeriodEndingDecember312021Member"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformancePeriodEndingDecember312021Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Performance period ending December 31, 2021. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PerformancePeriodEndingDecember312021Member" xlink:to="akr_PerformancePeriodEndingDecember312021Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformancePeriodEndingDecember312021Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Performance Period Ending December 31, 2021 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerformancePeriodEndingDecember312021Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Performance Period Ending December312021 [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember" xlink:type="locator" xlink:label="akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Performance fails to Achieve, earned performance-based shares vest at end of performance period. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember" xlink:to="akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Performance Fails To Achieve, Earned Performance-Based Shares Vest At End Of Performance Period </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceFailsToAchieveEarnedPerformanceBasedSharesVestAtEndOfPerformancePeriodMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Performance Fails To Achieve Earned Performance Based Shares Vest At End Of Performance Period [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PerformanceFailsToAchieveMember" xlink:type="locator" xlink:label="akr_PerformanceFailsToAchieveMember"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceFailsToAchieveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Performance fails to achieve. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PerformanceFailsToAchieveMember" xlink:to="akr_PerformanceFailsToAchieveMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceFailsToAchieveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Performance Fails To Achieve </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceFailsToAchieveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Performance Fails To Achieve [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_PerformanceShares2019Member" xlink:type="locator" xlink:label="akr_PerformanceShares2019Member"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceShares2019Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Performance shares 2019. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PerformanceShares2019Member" xlink:to="akr_PerformanceShares2019Member_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceShares2019Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Performance Shares 2018 </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PerformanceShares2019Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Performance Shares2019 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeneralAndAdministrativeExpenseMember" xlink:type="locator" xlink:label="us-gaap_GeneralAndAdministrativeExpenseMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpenseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> General and Administrative Expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpenseMember" xlink:to="us-gaap_GeneralAndAdministrativeExpenseMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpenseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> General And Administrative Expense [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Tranche One </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Award Tranche One [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_TitleOfIndividualAxis" xlink:type="locator" xlink:label="srt_TitleOfIndividualAxis"/>
<link:label xml:lang="en-US" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Title of Individual </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_TitleOfIndividualAxis" xlink:to="srt_TitleOfIndividualAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Title Of Individual [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_TitleOfIndividualWithRelationshipToEntityDomain" xlink:type="locator" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain"/>
<link:label xml:lang="en-US" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Title of Individual </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_TitleOfIndividualWithRelationshipToEntityDomain" xlink:to="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Title Of Individual With Relationship To Entity [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TrusteeMember" xlink:type="locator" xlink:label="akr_TrusteeMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TrusteeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Trustee. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TrusteeMember" xlink:to="akr_TrusteeMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TrusteeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Trustee </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TrusteeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Trustee [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LongTermInvestmentAlignmentProgramMember" xlink:type="locator" xlink:label="akr_LongTermInvestmentAlignmentProgramMember"/>
<link:label xml:lang="en-US" xlink:label="akr_LongTermInvestmentAlignmentProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Long term investment alignment program. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LongTermInvestmentAlignmentProgramMember" xlink:to="akr_LongTermInvestmentAlignmentProgramMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_LongTermInvestmentAlignmentProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Long Term Investment Alignment Program </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LongTermInvestmentAlignmentProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Long Term Investment Alignment Program [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EmployeeBenefitPlanMember" xlink:type="locator" xlink:label="akr_EmployeeBenefitPlanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_EmployeeBenefitPlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Employee benefit plan. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EmployeeBenefitPlanMember" xlink:to="akr_EmployeeBenefitPlanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_EmployeeBenefitPlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee Benefit Plans </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EmployeeBenefitPlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Employee Benefit Plan [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Share-based Compensation Arrangement by Share-based Payment Award [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Number of shares authorized </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares issued during period, share-based compensation, net of forfeitures </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Shares Share Based Compensation </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Award vesting percentage </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Award vesting period </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod" xlink:type="locator" xlink:label="akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Share based compensation arrangement by share based payment award performance period. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod" xlink:to="akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Performance period </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Performance Period </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Volatility rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Risk-free interest rates </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:type="locator" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Total value of restricted shares and LTIP units as of the grant date </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:to="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Granted During Period Value Sharebased Compensation </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel"> Unit based compensation </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate" xlink:type="locator" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Share-based compensation, granted, for service, vesting on one year anniversary of grant date. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate" xlink:to="akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate" xlink:type="locator" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Share-based compensation, granted, for service, vesting rate beginning on the first anniversary of grant date. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate" xlink:to="akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares granted to trustees for trustee fees vesting on one year anniversary of grant date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingOnOneYearAnniversaryOfGrantDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Granted For Service Vesting On One Year Anniversary Of Grant Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Annual vesting rate of shares granted to trustees that begin vesting on the second anniversary of grant date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ShareBasedCompensationGrantedForServiceVestingRateBeginningOnFirstAnniversaryOfGrantDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Granted For Service Vesting Rate Beginning On First Anniversary Of Grant Date </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TrusteeFees" xlink:type="locator" xlink:label="us-gaap_TrusteeFees"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TrusteeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Trustee fees </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TrusteeFees" xlink:to="us-gaap_TrusteeFees_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_TrusteeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Trustee Fees </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards" xlink:type="locator" xlink:label="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards"/>
<link:label xml:lang="en-US" xlink:label="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Maximum percentage of promote to be awarded as share-based compensation awards. Promote is defined as the amount above a certain performance measurement threshold. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards" xlink:to="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward" xlink:type="locator" xlink:label="akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward"/>
<link:label xml:lang="en-US" xlink:label="akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Percentage of promote awarded as share-based compensation award. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward" xlink:to="akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Max percentage of future fund III promote that may be awarded to senior executives </link:label>
<link:label xml:lang="en-US" xlink:label="akr_MaximumPercentageOfPromoteToBeAwardedAsShareBasedCompensationAwards_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Maximum Percentage Of Promote To Be Awarded As Share Based Compensation Awards </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Percentage of promote awarded as share based compensation award </link:label>
<link:label xml:lang="en-US" xlink:label="akr_PercentageOfPromoteAwardedAsShareBasedCompensationAward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Percentage Of Promote Awarded As Share Based Compensation Award </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Awards in connection with fund to have intrinsic value </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:type="locator" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Compensation expense </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Allocated Share Based Compensation Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Roll Forward </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Shares unvested, Beginning of period (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares granted (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Shares vested (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Shares forfeited (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Shares unvested, End of period (in shares) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted Grant-Date Fair Value </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value Roll Forward </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"> Shares unvested, Weighted average grant date fair value, Beginning of period (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares granted, Weighted average grant date fair value (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares vested, Weighted average grant date fair value (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Shares forfeited, Weighted average grant date fair value (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value </link:label>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"> Shares unvested, Weighted average grant date fair value, End of period (in dollars per share) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted average grant date fair value, grants (in dollars per share) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:type="locator" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Total unrecognized compensation cost related to nonvested awards </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:type="locator" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted-average period over which cost is expected to be recognized </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Total fair value of shares that vested </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum" xlink:type="locator" xlink:label="akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum"/>
<link:label xml:lang="en-US" xlink:label="akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Employee stock ownership plan allowable share purchase amount per annum maximum. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum" xlink:to="akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee share purchase discount rate </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee share purchase maximum purchase amount </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Employee Stock Ownership Plan Allowable Share Purchase Amount Per Annum Maximum </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee share purchase (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Stock Issued During Period Shares Employee Stock Purchase Plans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanTable" xlink:type="locator" xlink:label="us-gaap_DefinedContributionPlanTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Defined Contribution Plan [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanTable" xlink:to="us-gaap_DefinedContributionPlanTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Defined Contribution Plan [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioForecastMember" xlink:type="locator" xlink:label="srt_ScenarioForecastMember"/>
<link:label xml:lang="en-US" xlink:label="srt_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Forecast </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioForecastMember" xlink:to="srt_ScenarioForecastMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="srt_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Scenario Forecast [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanDisclosureLineItems" xlink:type="locator" xlink:label="us-gaap_DefinedContributionPlanDisclosureLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanDisclosureLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Defined Contribution Plan Disclosure [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanDisclosureLineItems" xlink:to="us-gaap_DefinedContributionPlanDisclosureLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanDisclosureLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Defined Contribution Plan Disclosure [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch" xlink:type="locator" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employer matching contribution </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch" xlink:to="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Defined Contribution Plan Employer Matching Contribution Percent Of Match </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:type="locator" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maximum annual contribution per employee </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:to="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Defined Contribution Plan Employer Matching Contribution Percent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:type="locator" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maximum employee annual salary contribution </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:to="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Defined Contribution Plan Maximum Annual Contributions Per Employee Percent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount" xlink:type="locator" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Maximum employee annual salary contribution amount </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount" xlink:to="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Defined Contribution Plan Maximum Annual Contributions Per Employee Amount </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ConversionOfCommonOPUnitsToCommonShares" xlink:type="locator" xlink:label="akr_ConversionOfCommonOPUnitsToCommonShares"/>
<link:label xml:lang="en-US" xlink:label="akr_ConversionOfCommonOPUnitsToCommonShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Conversion of common OP units to common shares. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ConversionOfCommonOPUnitsToCommonShares" xlink:to="akr_ConversionOfCommonOPUnitsToCommonShares_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConversionOfStockDescription" xlink:type="locator" xlink:label="us-gaap_ConversionOfStockDescription"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConversionOfStockDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Description of conversion of common OP units to common shares </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionOfStockDescription" xlink:to="us-gaap_ConversionOfStockDescription_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ConversionOfStockDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Conversion Of Stock Description </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ConversionOfCommonOPUnitsToCommonShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Conversion of common OP units to common shares </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ConversionOfCommonOPUnitsToCommonShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Conversion Of Common O P Units To Common Shares </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_EarningsPerShareNumeratorAbstract" xlink:type="locator" xlink:label="akr_EarningsPerShareNumeratorAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_EarningsPerShareNumeratorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Earnings per share, numerator. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EarningsPerShareNumeratorAbstract" xlink:to="akr_EarningsPerShareNumeratorAbstract_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_EarningsPerShareDenominatorAbstract" xlink:type="locator" xlink:label="akr_EarningsPerShareDenominatorAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_EarningsPerShareDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Earnings per share, denominator. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_EarningsPerShareDenominatorAbstract" xlink:to="akr_EarningsPerShareDenominatorAbstract_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract" xlink:type="locator" xlink:label="akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Dilutive securities, effect on basic earnings per share, denominator. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract" xlink:to="akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AntiDilutiveSharesExcludedFromDenominatorAbstract" xlink:type="locator" xlink:label="akr_AntiDilutiveSharesExcludedFromDenominatorAbstract"/>
<link:label xml:lang="en-US" xlink:label="akr_AntiDilutiveSharesExcludedFromDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Anti-dilutive shares excluded from denominator. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AntiDilutiveSharesExcludedFromDenominatorAbstract" xlink:to="akr_AntiDilutiveSharesExcludedFromDenominatorAbstract_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable" xlink:to="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:type="locator" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Antidilutive Securities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Antidilutive Securities Excluded From Computation Of Earnings Per Share By Antidilutive Securities [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain" xlink:type="locator" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Antidilutive Securities, Name </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="us-gaap_AntidilutiveSecuritiesNameDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Antidilutive Securities Name [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SeriesAPreferredOPUnitsMember" xlink:type="locator" xlink:label="akr_SeriesAPreferredOPUnitsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesAPreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Series A Preferred OP Units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SeriesAPreferredOPUnitsMember" xlink:to="akr_SeriesAPreferredOPUnitsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesAPreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series A Preferred OP Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SeriesAPreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Series A Preferred O P Units [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember" xlink:type="locator" xlink:label="akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Series A Preferred OP Units, Common share equivalent. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember" xlink:to="akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series A Preferred OP Units - Common Share Equivalent </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SeriesAPreferredOPUnitsCommonShareEquivalentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Series A Preferred O P Units Common Share Equivalent [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SeriesCPreferredOPUnitsMember" xlink:type="locator" xlink:label="akr_SeriesCPreferredOPUnitsMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesCPreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Series C Preferred OP Units. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SeriesCPreferredOPUnitsMember" xlink:to="akr_SeriesCPreferredOPUnitsMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesCPreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series C Preferred OP Units </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SeriesCPreferredOPUnitsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Series C Preferred O P Units [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember" xlink:type="locator" xlink:label="akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Series C Preferred OP Units, Common share equivalent. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember" xlink:to="akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Series C Preferred OP Units - Common Share Equivalent </link:label>
<link:label xml:lang="en-US" xlink:label="akr_SeriesCPreferredOPUnitsCommonShareEquivalentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Series C Preferred O P Units Common Share Equivalent [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:type="locator" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EarningsPerShareNumeratorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Numerator: </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EarningsPerShareNumeratorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Earnings Per Share Numerator [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperations"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Net income attributable to Acadia </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperations" xlink:to="us-gaap_IncomeLossFromContinuingOperations_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Income Loss From Continuing Operations </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:type="locator" xlink:label="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel"> Less: net income attributable to participating securities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:to="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Undistributed Earnings Loss Allocated To Participating Securities Basic </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UndistributedEarnings" xlink:type="locator" xlink:label="us-gaap_UndistributedEarnings"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UndistributedEarnings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Income from continuing operations net of income attributable to participating securities </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UndistributedEarnings" xlink:to="us-gaap_UndistributedEarnings_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_UndistributedEarnings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Undistributed Earnings </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EarningsPerShareDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Denominator: </link:label>
<link:label xml:lang="en-US" xlink:label="akr_EarningsPerShareDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Earnings Per Share Denominator [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfSharesIssuedBasic"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Weighted average shares for basic earnings per share (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Weighted Average Number Of Shares Issued Basic </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Effect of dilutive securities: </link:label>
<link:label xml:lang="en-US" xlink:label="akr_DilutiveSecuritiesEffectOnBasicEarningsPerShareDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Dilutive Securities Effect On Basic Earnings Per Share Denominator [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="locator" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Employee unvested restricted shares (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Incremental Common Shares Attributable To Share Based Payment Arrangements </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel"> Denominator for diluted earnings per share (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Weighted Average Number Of Diluted Shares Outstanding </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AntiDilutiveSharesExcludedFromDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Anti-Dilutive Shares Excluded from Denominator: </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AntiDilutiveSharesExcludedFromDenominatorAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Anti Dilutive Shares Excluded From Denominator [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:type="locator" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Antidilutive securities excluded from computation of earnings per share (in shares) </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity" xlink:type="locator" xlink:label="akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity"/>
<link:label xml:lang="en-US" xlink:label="akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Line of credit facility increase in maximum borrowing capacity. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity" xlink:to="akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity_lbl"/>
<link:loc xlink:href="akr-20190930.xsd#akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature" xlink:type="locator" xlink:label="akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature"/>
<link:label xml:lang="en-US" xlink:label="akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Additional revolving credit facility maximum aggregate principal amount for accordion feature. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature" xlink:to="akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature_lbl"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTable" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTable"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subsequent Event [Table] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventTable_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Event [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTypeAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subsequent Event Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Event Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTypeDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subsequent Event Type </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Event Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:type="locator" xlink:label="us-gaap_SubsequentEventMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subsequent Event </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Event [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_TermLoanMember" xlink:type="locator" xlink:label="akr_TermLoanMember"/>
<link:label xml:lang="en-US" xlink:label="akr_TermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Debt obligation not collateralized by pledge of, mortgage of or other lien on the entity's assets. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_TermLoanMember" xlink:to="akr_TermLoanMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_TermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Term Loan </link:label>
<link:label xml:lang="en-US" xlink:label="akr_TermLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Term Loan [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstatePropertiesAxis" xlink:type="locator" xlink:label="us-gaap_RealEstatePropertiesAxis"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real Estate Property Ownership </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesAxis" xlink:to="us-gaap_RealEstatePropertiesAxis_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Properties [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstatePropertiesDomain" xlink:type="locator" xlink:label="us-gaap_RealEstatePropertiesDomain"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Real Estate Properties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesDomain" xlink:to="us-gaap_RealEstatePropertiesDomain_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Real Estate Properties [Domain] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_ConsolidatedAndUnconsolidatedPropertiesMember" xlink:type="locator" xlink:label="akr_ConsolidatedAndUnconsolidatedPropertiesMember"/>
<link:label xml:lang="en-US" xlink:label="akr_ConsolidatedAndUnconsolidatedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Consolidated and unconsolidated properties. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_ConsolidatedAndUnconsolidatedPropertiesMember" xlink:to="akr_ConsolidatedAndUnconsolidatedPropertiesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_ConsolidatedAndUnconsolidatedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Consolidated and Unconsolidated Properties </link:label>
<link:label xml:lang="en-US" xlink:label="akr_ConsolidatedAndUnconsolidatedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Consolidated And Unconsolidated Properties [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WhollyOwnedPropertiesMember" xlink:type="locator" xlink:label="us-gaap_WhollyOwnedPropertiesMember"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_WhollyOwnedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund V Consolidated Properties </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WhollyOwnedPropertiesMember" xlink:to="us-gaap_WhollyOwnedPropertiesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_WhollyOwnedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Wholly Owned Properties [Member] </link:label>
<link:loc xlink:href="akr-20190930.xsd#akr_FundVUnconsolidatedPropertiesMember" xlink:type="locator" xlink:label="akr_FundVUnconsolidatedPropertiesMember"/>
<link:label xml:lang="en-US" xlink:label="akr_FundVUnconsolidatedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation"> Fund V unconsolidated properties. </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="akr_FundVUnconsolidatedPropertiesMember" xlink:to="akr_FundVUnconsolidatedPropertiesMember_lbl"/>
<link:label xml:lang="en-US" xlink:label="akr_FundVUnconsolidatedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Fund V Unconsolidated Properties </link:label>
<link:label xml:lang="en-US" xlink:label="akr_FundVUnconsolidatedPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Fund V Unconsolidated Properties [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:type="locator" xlink:label="us-gaap_SubsequentEventLineItems"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Subsequent Event [Line Items] </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_SubsequentEventLineItems_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Subsequent Event [Line Items] </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Increase in maximum borrowing capacity </link:label>
<link:label xml:lang="en-US" xlink:label="akr_LineOfCreditFacilityIncreaseInMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Line Of Credit Facility Increase In Maximum Borrowing Capacity </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Additional revolving credit facility maximum aggregate principal amount for accordion feature </link:label>
<link:label xml:lang="en-US" xlink:label="akr_AdditionalRevolvingCreditFacilityMaximumAggregatePrincipalAmountForAccordionFeature_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Additional Revolving Credit Facility Maximum Aggregate Principal Amount For Accordion Feature </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid" xlink:type="locator" xlink:label="us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Cash distribution paid to investors </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid" xlink:to="us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Distribution Made To Limited Partner Cash Distributions Paid </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromLimitedPartnershipInvestments" xlink:type="locator" xlink:label="us-gaap_ProceedsFromLimitedPartnershipInvestments"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLimitedPartnershipInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel"> Proceeds from limited partnership investments </link:label>
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromLimitedPartnershipInvestments" xlink:to="us-gaap_ProceedsFromLimitedPartnershipInvestments_lbl"/>
<link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLimitedPartnershipInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label"> Proceeds From Limited Partnership Investments </link:label>
</link:labelLink>
</link:linkbase>

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