What can decades of leadership through economic uncertainty teach us about the future of the built world? On this new video episode of From Where I Sit, ICSC President & CEO Tom McGee sits down with Acadia Realty Trust President & CEO Ken Bernstein for a wide-ranging conversation on leadership, investment strategy, consumer behavior, and the evolving retail landscape. Having led Acadia Realty Trust through the dot-com bubble, 9/11, the Global Financial Crisis, COVID-19, inflationary pressures, shifting interest rate environments, and many more disruptive cycles, Ken shares the lessons he's learned about navigating inevitable market cycles and positioning his business for long-term success. The conversation also explores why reports of the demise of brick-and-mortar retail were greatly exaggerated. Ken discusses the growing body of evidence, including ICSC’s own research, showing that physical stores and e-commerce work together, with many retailers finding that opening stores actually boosts online sales in surrounding markets. As the leader of Acadia, which specializes in street retail properties, Ken dives into the unique advantages of high-street retail, including the value of limited supply, barriers to entry, and lease structures that can provide a hedge against inflation. He also explains Acadia's approach to retail corridor ownership and curation, describing how thoughtful tenant mix can strengthen an entire street, enhance customer experience, and create value for retailers and property owners alike. Finally, Tom and Ken discuss emerging trends shaping the industry, including the growing number of brands opening their own stores to introduce themselves to their customers, and what today's consumers are telling retailers about spending, confidence, and resilience in an uncertain economic environment. 00:28 - Meet Ken Bernstein, President and CEO, Acadia Realty Trust 08:58 - Navigating economic cycles and market disruption 13:44 - What the industry got wrong about retail 22:15 - Why opening stores can increase online sales 22:54 - Investing in high-street retail 24:12 - The power of barriers to entry 26:58 - Curation, tenant mix and creating value 30:16 - The Shift from department stores to brand-owned stores 37:21 - Consumer confidence and retail spending 40:52 - Interest rates, inflation and CRE outlook 46:00 - AI and the future of retail 49:36 Leadership lessons from 25 years as a CEO Follow Tom on LinkedIn. Follow Tom on X. Follow Ken on LinkedIn. This episode (S3E3) was recorded on September 25, 2026.