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Commission
File Number 1-14369
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1
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Explanatory
Note: The purpose of this Form 25 is to
voluntarily delist and deregister the Company's common shares
from the
NYSE Arca Exchange (formerly the Pacific Exchange). The
decision was made by the Company's Board of Trustees in order
to reduce
the costs of compliance with two disparate sets of listing standards.
ACPT
is continuing its primary listing and registration of
its common
shares on the American Stock Exchange.
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American
Community Properties Trust
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Date:
March 27, 2007
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By:
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/s/
Cynthia L. Hedrick
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Cynthia
L. Hedrick
Executive
Vice President and Chief Financial Officer
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