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Blackacre

   Also found in: Legal, Wikipedia 0.01 sec.
Blackacre

Mythical property used as an example in nearly all explanations of legal concepts relating to real estate,such as, “If A owns an undivided 1/2 interest in Blackacre… .” If more properties are needed, use Greenacre, and then Whiteacre.



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Blackacre Capital Management LLC, Taconic Investment Partners, LLC and various real estate opportunity funds.
in partnership with New York-based Blackacre Capital Management LLC, is looking to collect around $55 million for the three Wilshire Boulevard properties.
LNR announced its sale last August to a company formed by Cerberus and affiliate Blackacre Capital Management LLC.
 
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