{"id":10265,"date":"2024-05-29T02:00:57","date_gmt":"2024-05-29T06:00:57","guid":{"rendered":"http:\/\/www.clubinsideronline.com\/news\/?p=10265"},"modified":"2024-06-04T17:54:57","modified_gmt":"2024-06-04T21:54:57","slug":"life-time-closes-on-40-million-sale-leaseback-transaction","status":"publish","type":"post","link":"http:\/\/www.clubinsideronline.com\/news\/chains\/life-time-closes-on-40-million-sale-leaseback-transaction\/","title":{"rendered":"Life Time Closes on $40 Million Sale-Leaseback Transaction"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Life-Time-300x90.png\" alt=\"Life Time  - The Healthy Way Of Life Company\" width=\"300\" height=\"90\" class=\"alignnone size-medium wp-image-102\" srcset=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Life-Time-300x90.png 300w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Life-Time-200x60.png 200w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Life-Time.png 677w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Life Time  &#8211; The Healthy Way Of Life Company<\/p>\n<p><strong>CHANHASSEN, MN<\/strong> &#8211; Life Time Group Holdings, Inc. (&#8220;Life Time&#8221; or the &#8220;Company&#8221;) (NYSE: LTH) announces that it closed on a sale-leaseback transaction for approximately $40 million in gross proceeds. The transaction involved one property with an institutional real estate investor that owns another Life Time destination. The transaction terms were not disclosed.<\/p>\n<p>Sale-leaseback proceeds will be used by the Company to support growth and strengthen its balance sheet. Life Time will continue to evaluate the sale-leaseback market for additional opportunities moving forward.<\/p>\n<p>&#8220;As we have communicated previously, we look at sale-leaseback transactions opportunistically in support of our future growth opportunities and commitment to further strengthen our balance sheet,&#8221; said Life Time Founder, Chairman, and CEO, Bahram Akradi. &#8220;We have tremendous relationships with our partners and are grateful for their ongoing interest in our real estate portfolio. We are very pleased to complete this sale-leaseback on terms and conditions that are very similar to recent transactions.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>CHANHASSEN, MN<\/strong> &#8211; Life Time Group Holdings, Inc. (&#8220;Life Time&#8221; or the &#8220;Company&#8221;) (NYSE: LTH) announces that it closed on a sale-leaseback transaction for approximately $40 million in gross proceeds. The transaction involved one property with an institutional real estate investor that owns another Life Time destination. The transaction terms were not disclosed.<\/p>\n","protected":false},"author":1,"featured_media":102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[15],"_links":{"self":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/10265"}],"collection":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/comments?post=10265"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/10265\/revisions"}],"predecessor-version":[{"id":10266,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/10265\/revisions\/10266"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media\/102"}],"wp:attachment":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media?parent=10265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=10265"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=10265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}