Life time signs letters of intent for $78 million in sale-leaseback transactions

Proceeds to support new growth opportunities and strengthen balance sheet chanhassen, minn., jan. 31, 2023 /prnewswire/ -- life time group holdings, inc. ("life time" or the "company") (nyse: lth) today announced that the company has entered into non-binding letters of intent for the sale-leaseback of two properties in transactions totaling approximately $78 million with institutional real estate investors that have completed multiple sale-leaseback transactions with life time previously.
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