{"id":9092,"date":"2023-04-21T01:00:40","date_gmt":"2023-04-21T05:00:40","guid":{"rendered":"http:\/\/www.clubinsideronline.com\/news\/?p=9092"},"modified":"2023-04-25T12:49:57","modified_gmt":"2023-04-25T16:49:57","slug":"life-time-closes-on-45-million-sale-leaseback-transaction","status":"publish","type":"post","link":"http:\/\/www.clubinsideronline.com\/news\/chains\/life-time-closes-on-45-million-sale-leaseback-transaction\/","title":{"rendered":"Life Time Closes on $45 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 the company closed on a sale-leaseback transaction for approximately $45 million in gross proceeds on April 20, 2023. The transaction involved one property and was with an institutional real estate investor that has completed multiple sale-leaseback transactions with Life Time.<\/p>\n<p>As previously announced, the company signed letters of intent for the sale-leaseback of three properties in transactions totaling approximately $123 million. Life Time closed on the first transaction for $33 million in gross proceeds, effective March 1, 2023. The transaction for the third property, which currently is under construction, is expected to be completed by September 30, 2023, for approximately $45 million.<\/p>\n<p>The company is well positioned and remains on track to complete $300 million in sale-leaseback transactions in 2023. Sale-leaseback transaction proceeds will be used by the company to support new growth opportunities and strengthen its balance sheet.<\/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 the company closed on a sale-leaseback transaction for approximately $45 million in gross proceeds on April 20, 2023. The transaction involved one property and was with an institutional real estate investor that has completed multiple sale-leaseback transactions with Life Time.<\/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\/9092"}],"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=9092"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/9092\/revisions"}],"predecessor-version":[{"id":9093,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/9092\/revisions\/9093"}],"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=9092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=9092"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=9092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}