CHANHASSEN, MN – Life Time Group Holdings Inc. has entered into a non-binding letter of intent for the sale-leaseback of four properties. The transactions are valued at $175 million.
Life Time Group Holdings entered the agreement with an institutional real estate investor, which the firm has previously entered into multiple sale-leaseback transactions with.
The sale and leaseback of the first two properties are expected to be completed on or before March 31, 2022. The first two transactions will total $80 million in gross proceeds to Life Time Group Holdings.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
