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.
Life Time will utilize the proceeds to strengthen its balance sheet and fund new growth opportunities.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
