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Life Time Closes $175M in Sale-Leaseback Deals

The company will use the proceeds from the two transactions to strengthen its balance sheet and fund new growth opportunities.

CHANHASSEN, MN – Life Time Group Holdings Inc. has closed on two sale-leaseback transactions, involving its four of owned properties, totaling $175 million.

The first sale and leaseback transaction, involving two of Life Time’s properties, was completed on March 31, 2022 for a total of $80 million in gross proceeds to Life Time. The sale and leaseback of the additional two properties closed on May 13, 2022 for a total of $95 million in gross proceeds to Life Time.

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Ingrid Tunberg

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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