The ceilings are the old popcorn..so I've tried to preserve what's there and get rid of the older stuff and blend in over time...would be ideal to take all down with no tenant.

Did you have any problems with the picture areas blending in with the rest of the wall?

Once those kind of lines started to blend, it can be tough for some people to follow the lease when it needs to be.

If your brush hits it, oh well it blends right in.  

Used to syndicators could buy 5 to 6 years ago high cap deals at the bottom fully stabilized and let cap rate compression do it's thing.Today it is much more about value add deals to blend the cap rate up and increase the IRR.

They will pay 5 to 6 caps going in if they believe through cost savings and revenue drivers they can get to a blended cap rate of 7 to 8 in 5 years time.These are generally properties for 20 million and up in price.

The scratch is filled in with the wax, blending it into the rest of the laminate's surface.

It makes the exterior blend in, rather than look choppy.

You can wipe out the 75 BPS higher by getting the seller second financed at a lower rate thereby blending the 2 rates downward on average.If the seller has only minimal equity in the property they might not be able to hold a second as it wipes out any proceeds they get at closing.

My point is, your blended rate today will not be your blended rate tomorrow.