Business
Life Time Closes on $200 Million in Sale‑Leaseback Transactions
Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that it has closed on sale‑leasebacks of five owned properties for aggregate gross proceeds of approximately $200 million.
About this update from Life Time Group Holdings, Inc.
[{"type":"image","alt":"Life Time logo with icon (PRNewsfoto/Life Time Group Holdings, Inc.)","displaySize":"","headline":null,"caption":"Life Time logo with icon (PRNewsfoto/Life Time Group Holdings, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/9afe109e9a008077edd44d9a7a9e444f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/i5Jzvp1E7kzhHMZwtmkj.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMg--/https://media.zenfs.com/en/prnewswire.com/9afe109e9a008077edd44d9a7a9e444f","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/2331325/Life_Time_Icon_Logo.html","hrefExternal":true,"rel":"nofollow","lazy":false},{"type":"text","content":"CHANHASSEN, Minn., April 30, 2026 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that it has closed on sale‑leasebacks of five owned properties for aggregate gross proceeds of approximately $200 million.","length":282,"tagName":"p"},{"type":"text","content":"In 2026, the Company plans to close an additional $200 million of sale‑leaseback transactions, bringing total expected sale‑leaseback proceeds for the year to $400 million. With these proceeds, the Company expects to deliver positive free cash flow for the year.","length":262,"tagName":"p"},{"type":"text","content":"Life Time Founder, Chairman, and Chief Executive Officer, Bahram Akradi, said:"We expect to deliver growing, positive free cash flow on an annual basis each year after $400 million in sale-leaseback proceeds. To be clear, even after $400 million of sale-leasebacks each year, we will continue to grow our owned real estate portfolio as well as grow positive free cash flow."","length":385,"tagName":"p"},{"type":"text","content":"About Life TimeLife Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 190 athletic country clubs across the U.S. and Canada, the complimentary and comprehensive Life Time app featuring its L•AI•C™ AI powered health companion, and more than 30 iconic athletic events. Serving people ages 90 days to 90+ years, the Life Time ecosystem uniquely delivers healthy living, healthy aging, and healthy entertainment experiences, a range of unique healthy way of life programs, highly trusted LTH nutritional supplements and ...