Life Time Group announced that the company has entered into a non-binding letter of intent for the sale-leaseback of one property in a transaction totaling approximately $45M in gross proceeds. The proposed transaction is with an institutional real estate investor that has completed multiple sale-leaseback transactions with Life Time previously. The parties intend for the sale and leaseback of the property to be completed in May. Terms are consistent with the company’s past transactions.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LTH:
- Life Time Group management to meet with Oppenheimer
- Life Time Group enters letters of intent for sale-leaseback of two properties
- Life Time Group price target raised to $21 from $17 at Guggenheim
- Life Time Group invests $800,000 into squash complex
- Life Time Group price target raised to $17 from $15 at Guggenheim