Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Life Time – Irvine (the "Property"), a generational net leased investment featuring a best-in-class tenant within one of Southern California's most dynamic mixed-use environments.

The Property is 100% leased to Life Time, Inc. (NYSE: LTH), the preeminent operator in the premium health, fitness, and wellness sector. Delivered in 2022 following a capital investment of over $20 Million, the asset represents a flagship-quality facility within Life Time's national portfolio. Following strong initial performance, the Tenant and Landlord have agreed in principle for Tenant to proactively exercise its first extension option thereby providing approximately 21 years of remaining base term with an additional extension option establishing long-term contractual cash flow reliability.

Positioned at the intersection of real estate, wellness, and experiential retail, Life Time operates a highly differentiated, membership-driven platform with multiple revenue streams, including fitness, personal training, spa services, and food & beverage. This diversified model, combined with a deeply embedded and loyal customer base, has proven resilient across economic cycles and supports durable tenancy.

The Property is strategically located within Lakeshore, a premier mixed-use campus in Irvine's Irvine Business Complex, adjacent to John Wayne Airport and major transportation corridors. The asset benefits from immediate access to one of the most affluent and supply-constrained coastal markets in the United States, further supported by strong residential densification trends and limited new competitive supply.

Purpose-built and capital intensive, the facility is effectively irreplaceable at today's construction costs, with significant barriers to entry including land constraints, entitlement challenges, and the complexity of replicating Life Time's experiential platform. The offering presents investors with the opportunity to acquire long-duration, inflation-hedged income with contractual escalators with embedded percentage-rent participation secured by a market-leading tenant at a basis below replacement cost.