{"id":8034,"date":"2022-05-16T02:00:13","date_gmt":"2022-05-16T06:00:13","guid":{"rendered":"http:\/\/www.clubinsideronline.com\/news\/?p=8034"},"modified":"2022-05-17T14:58:07","modified_gmt":"2022-05-17T18:58:07","slug":"life-time-closes-on-175-million-in-sale-leaseback-transactions-year-to-date","status":"publish","type":"post","link":"http:\/\/www.clubinsideronline.com\/news\/chains\/life-time-closes-on-175-million-in-sale-leaseback-transactions-year-to-date\/","title":{"rendered":"Life Time Closes on $175 Million in Sale-Leaseback Transactions Year To Date"},"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 it has now closed on sale-leaseback transactions involving four of its owned properties totaling $175 million.<\/p>\n<p>The sale and leaseback of the first two properties was completed on March 31, 2022, for approximately $80 million in gross proceeds to Life Time. The sale and leaseback of the two additional properties closed on May 13, 2022, for approximately $95 million in gross proceeds.<\/p>\n<p>The proceeds will be used by the Company to strengthen its balance sheet and fund new growth opportunities. Additional details were not disclosed.<\/p>\n<p>As announced with its first quarter fiscal 2022 results on May 11, 2022, the Company also is evaluating opportunities to monetize up to an additional $500 million in real estate prior to September 30, 2022.<\/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 it has now closed on sale-leaseback transactions involving four of its owned properties totaling $175 million.<\/p>\n","protected":false},"author":1,"featured_media":102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[21,15],"_links":{"self":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/8034"}],"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=8034"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/8034\/revisions"}],"predecessor-version":[{"id":8035,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/8034\/revisions\/8035"}],"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=8034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=8034"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=8034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}