Life Time Group Holdings Inc. (NYSE: LTH) completed sale-leaseback transactions for five owned properties, generating approximately $200 million in gross proceeds, the company announced.

The fitness club operator plans to close an additional $200 million in sale-leaseback transactions during 2026, bringing total expected proceeds for the year to $400 million. Life Time stated it expects these proceeds will help deliver positive free cash flow for the year.

"We expect to deliver growing, positive free cash flow on an annual basis each year after $400 million in sale-leaseback proceeds," said Bahram Akradi, Life Time's founder, chairman and chief executive officer. "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."

Life Time operates more than 190 athletic country clubs across the United States and Canada. The company serves members from 90 days to over 90 years old through its facilities, mobile app, and athletic events.

The information is based on a company press release statement.