Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Life Time Inks Letter Of Intent For $175M In Sale-Leaseback Transactions

Life Time LTH NYSE
  • Life Time Group Holdings Inc (NYSE:LTH) has entered into a non-binding letter of intent with a real estate investor for the sale-leaseback of four properties in transactions valued at $175 million.
  • Life Time expects the sale and leaseback of the first two properties to be completed on or before March 31, 2022, for about $80 million in gross proceeds.
  • The company anticipates the sale and leaseback of the two additional properties to be completed before September 30, 2022, for about $95 million.
  • "These transactions will allow us to continue to strengthen our balance sheet and fund the incredible growth opportunities we have in front of us," said Chairman, CEO, and Founder Bahram Akradi.
  • Price Action: LTH shares are trading higher by 3.00% at $16.32 on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Cruel Intentions review – this generic remake of the 90s classic is utterly mindless
Sarah Michelle Gellar and Ryan Phillippe’s movie gets a melodramatic YA remake – with a pair of actors who aren’t a patch on the originals. Just dig out the original instead
The Guardian - UK
The Guardian - UK
US moves to list giraffes under Endangered Species Act for first time
Climate crisis, habitat loss and poaching have reduced its numbers – but will Trump put the kibosh on protections?
The Guardian - US
The Guardian - US
“Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers)
No matter how popular they are, most celebrities have haters, too. Actors are no exception. The post “Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers) first appeared on Bored Panda.
Bored Panda
Bored Panda
Cher Reveals the "Fiasco" That Ensued When She Performed for Princess Margaret in 1965: "I Was Mortified"
"It was like a bad dream that we couldn’t get out of; we just had to stand there and wait for it to be over."
Marie Claire
Marie Claire
From frozen to feast, how to safely defrost your Thanksgiving turkey
Experts have recommended three different methods to defrost your turkey for Thanksgiving dinner
The Independent UK
The Independent UK
“One of the most important guitars in rock and roll history”: George Harrison’s Futurama smashes auction estimate and sets a new record with staggering $1.27 million sale
The oddball electric – which was used during the Beatles’ early years, and saw action in over 300 historic shows – becomes the most expensive electric guitar formerly owned by a Beatle to sell at auction
Guitar World
Guitar World
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play