In real estate, particularly in the context of leasing, “blend and extend” is a lease restructuring strategy used by landlords and tenants to mutually benefit from a new agreement before the current lease expires. This approach involves blending the rate of the existing lease with the rate for the new extended term, and extending the lease period. Here’s how it typically works and the advantages it offers: How It Works Benefits of Blend and Extend For Tenants: For Landlords: Strategic Considerations While blend and extend leases can be advantageous, they require careful consideration of market trends, the financial health of…