Blackacre


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Blackacre

A fictitious designation that legal writers use to describe a piece of land.

The term Blackacre is often used in comparison with Whiteacre in order to distinguish one parcel of land from another.

References in periodicals archive ?
Partner A contributes $100 cash, and Partner B contributes Blackacre with an FMV of $100 and tax basis of $50.
Don Spain is a volunteer naturalist, astronomer, and trail ranger at Bernheim Arboretum and Research Forest in Klermont, Kentucky, and a volunteer astronomer for Blackacre Nature Conservancy in Louisville, Kentucky.
9) To illustrate this scenario, assume that Abby, Ben, and Chuck own blackacre as tenants in common, each with a one-third interest:
Diligent students invest a great deal of time and anxious effort in learning how to read cases and how to think like a lawyer, only to grapple with questions such as the difference, if any, between a gift of Blackacre to A & B so long as they supports their parents, a gift of Blackacre to A & B providing that they support their parents, and a gift of Blackacre to A & B in the hope that they will support their parents.
Family-run, Somerset-based Blackacre Farm Free Range Eggs, has been awarded a Gold 1 * in the world renowned Great Taste Awards, the first egg producer in the award schemes 16 year history to have been presented with an award.
The once polluted site, bordering the Hudson River, was cleaned up by environmental remediation specialists Blackacre Partners Ops LLC, based New York City, and is now on the market as a film studio with an East Coast address.
Betty also owns Greenacre, a second piece of property contiguous to Blackacre and having an unobstructed view of the pond.
Funds such as private equity firm AREA Property Partners (formerly Apollo Real Estate Advisors), and hedge funds such as Blackacre Capital are also mentioned.
Subsequently, when the FMV of Blackacre is $800 and P's adjusted basis in Blackacre is $500, P transfers Blackacre to A in satisfaction of the guaranteed payment to A.
Blackacre Institutional Capital Management, LLC To Be Known As Cerberus Real Estate Capital Management, LLC