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home / news releases / LTH - Life Time closes on $175M in sale-leaseback transactions YTD

LTH - Life Time closes on $175M in sale-leaseback transactions YTD

Life Time Group Holdings Inc.
Life Time (NYSE:LTH) announced that it has closed on sale-leaseback transactions involving four of its owned properties totaling $175M. The sale and leaseback of the first two properties was completed on Mar.31, 2022 for ~$80M in gross proceeds; sale and leaseback of the two additional properties closed on May 13 for ~$95M. The proceeds will be used to strengthen its balance sheet and fund new growth opportunities. The company is also evaluating opportunities to monetize up to an additional $500M in real estate prior to Sep. 30, 2022.

For further details see:

Life Time closes on $175M in sale-leaseback transactions YTD
Stock Information
Company Name: Life Time Group Holdings Inc.
Stock Symbol: LTH
Market: NYSE
Website: lifetime.life
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