Life Time Closes on $40 Million Sale-Leaseback Transaction
Life Time (LTH) prnewswire.com·2024-05-30 04:30
CHANHASSEN, Minn., May 29, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announced that it closed on a sale-leaseback transaction for approximately $40 million in gross proceeds today, Wednesday, May 29, 2024. The transaction involved one property with an institutional real estate investor that owns another Life Time destination. The transaction terms were not disclosed.Sale-leaseback proceeds will be used by the Company to support growth and strengthen its b ...