Acquiring exceptional assets at exceptional bases.
Blackacre is a private real estate investment firm specializing in the acquisition of distressed and special-situation properties substantially below replacement cost, and their conversion to highest and best use.
Distressed & opportunistic.
We acquire through receivership, REO, note purchases, and special situations — where basis, not projection, creates the margin of safety.
Irreplaceable locations.
Central business districts, hospital-adjacent corridors, and transit-served downtowns where replacement cost is prohibitive and demand is durable.
Conversion to best use.
A proprietary underwriting and design methodology repositions obsolete assets — primarily to stabilized multifamily and mixed-use communities.
28N — Downtown Pontiac
Adaptive-reuse conversion of a downtown tower to residential and ground-floor commercial.
Wayne Tower
A landmark pre-development holding on a full-block assemblage.
Atlantic Avenue Lofts
Conversion of a special-purpose asset to stabilized mixed-use.
Blackacre partners with a limited number of families and institutions. Introductions are reviewed by the Investment Committee.
We review distressed and special-situation opportunities in confidence and respond as principals — quickly and directly.