Life Time Closes on $40 Million Sale-Leaseback Transaction [Yahoo! Finance]
Life Time Group Holdings, Inc. (LTH)
Company Research
Source: Yahoo! Finance
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 balance sheet. Life Time will continue to evaluate the sale-leaseback market for additional opportunities moving forward. "As we have communicated previously, we look at sale-leaseback transactions opportunistically in support of our future growth opportunities and commitment to further strengthen our balance sheet," said Life Time Founder, Chairman, and CEO, Bahram Akradi. "We have tremendous relationships with our partners and are grateful for their ongoing interest in our real estate portfolio. We are very pleased to complete this sale-leaseback on terms and conditions that are very similar to recent transactions." A
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News
- From Our Dads to Yours: Life Time Trainers Share Father's Day Health TipsPR Newswire
- Life Time to Participate in June Investor ConferencesPR Newswire
- Life Time Group Holdings Insiders Added US$2.54m Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Life Time Closes on $40 Million Sale-Leaseback TransactionPR Newswire
- Life Time Hosting Exclusive Swim Clinics with Olympian Ryan LochtePR Newswire
LTH
Earnings
- 5/1/24 - Beat
LTH
Sec Filings
- 6/3/24 - Form 4
- 5/28/24 - Form SC
- 5/7/24 - Form 10-Q
- LTH's page on the SEC website