So, How Does That Work? Blend & Extend Leases Explained
Are you looking for a way to help your tenants out with some rent relief without damaging the value of your real estate asset? Matt Mellott, CCIM walks us through Blend & Extend leases in this episode. It’s a lot of math, but is a great tool for balancing your tenants short term needs with your property’s long term value.
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If you have a tenant that you think would benefit from the use of a Blend & Extend lease, you are invited to reach out to Matt Mellott, CCIM or Claire Matten, CCIM with Sterling CRE Advisors. They are happy to take a look at your circumstances and suggest an adjustment that will benefit both you and your tenant.