Interesting Real Estate Finance & Investing Strategy for LifeTime

It seemed like pretty big news that Life Time Fitness, lifetime.life , was putting its brand-new club in Ft. Washington, Montgomery County, up for sale but it seems like the deal is part of a broader overall corporate real estate strategy according to The Ambler Gazette,

Natalie Bushaw, PR director for Minnesota-based Life Time Fitness, said in an email June 14 that a Philadelphia Business Journal story published online that morning titled β€œLife Time Fitness puts Fort Washington club up for sale” was β€œsomewhat misleading.”

β€œAs part of our normal course of business, we are always exploring financing options that are to our advantage,” Bushaw said. β€œThis includes working with REITs on sale-leasebacks of some of our buildings as a way to be asset light and more capital efficient. It is a common financing practice that we and many others utilize.”