Left with real estate (4)

I believe the answer is:

land

'real estate' is the definition.
(land is a kind of real estate)

'left with' is the wordplay.
'left' becomes 'l' (common abbreviation).
'with' becomes 'and'.
'l'+'and'='LAND'

(Other definitions for land that I've seen before include "German region" , "Capture" , "Gain" , "Ground; country" , "Come down; territory" .)

I've seen this clue in The Times and The Guardian.

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