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 “Life Time Fitness puts Fort Washington club up for sale” was “somewhat misleading.”

“As part of our normal course of business, we are always exploring financing options that are to our advantage,” Bushaw said. “This 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.”