GlobeSt.com features Richard Rizika’s recommendation for landlords to take a blend-and-extend approach
Richard Rizika recommends a blend-and-extend approach to create efficiencies in operations that will ultimately help landlords get through the pandemic.
“Rent is of primary value but it is not the only lease provision that creates economic value,” Rizika, tells GlobeSt.com. “A blend and extend as well as other lease provisions that will enable greater flexibility to operate properties more efficiently long term should be evaluated. Nothing is off the table, credit enhancements, use restrictions, co tenancy, property redevelopment rights and many other provisions can but, not always, offset the value of rent.”