Life Time Closes on $90 Million Sale-Leaseback Transaction

CHANHASSEN, Minn., July 1, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announced that on Friday, June 28, 2024, it closed on a sale-leaseback transaction for two properties totaling $90 million in gross proceeds. This transaction brings the Company's total gross proceeds from sale-leasebacks to$130 million year-to-date. The Company is also in negotiations for additional sale-leasebacks with expected gross proceeds of $40-$65 million, which it expects to cl ...