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LTH - Life Time signs letters of intent for $78M in sale-leaseback transactions
Life Time Group Holdings Inc.
Life Time Group ( NYSE: LTH ) said it had entered into a non-binding letters of intent for the sale-leaseback of two properties in transactions totaling about $78M with institutional real estate investors.
The sale and leaseback of the first property to be completed by March 31 for $33M, while second property, which currently is under construction, is expected to be completed by September 30 for ~$45M.