3 unchanged sentences
Our luxurio us athletic country clubs total approximately 17 million square feet in the aggregate and measure approximately 98,000 square feet on average.
−Removed: They offer expansive fitness floors, spacious locker rooms, group fitness studios, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, pickleball courts, basketball courts, LifeSpa personal care services, LifeCafe healthy restaurants and child care and Kids Academy learning spaces.
−Removed: Excluding renewal options, the terms of our leased centers, including ground leases, expire at various dates from January 2024 through December 2049.
−Removed: Including renewal options, only seven of our 104 leases expire in the next 15 years.
+Added: Depending on the size and location, they offer expansive fitness floors, spacious locker rooms, group fitness studios, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, pickleball courts, basketball courts, LifeSpa personal care services, LifeCafe healthy restaurants and child care and Kids Academy learning spaces.
+Added: Excluding renewal options, the terms of our leased centers, including ground leases, expire at various dates from October 2024 through December 2054.
+Added: Including renewal options, only nine of our 113 leases expire in the next 15 years.
The majority of our leases have renewal options and a few grant us the right to purchase the property.
−Removed: Of our 57 owned properties, 24 are pledged as collateral under our senior secured credit facility as well as our secured notes, and 13 are pledged as collateral under our mortgage notes.
+Added: Of our 58 owned properties, 24 are pledged as collateral under our Credit Facilities as well as our secured notes, and 13 are pledged as collateral under our mortgage notes.
Our corporate headquarters, located in Chanhassen, Minnesota next to our Chanhassen center, is comprised of two 105,000 square foot, free-standing, three-story buildings that we own.
8 unchanged sentences
3 3 6 642,716
+Added: Connecticut 0 1 1 53,198
1 3 4 361,958
18 unchanged sentences
0 2 2 232,206
+Added: Oregon 1 0 1 133,526
0 3 3 324,509
10 unchanged sentences
The center square footage figures exclude areas used for tennis courts, outdoor swimming pools, outdoor play areas and stand-alone Life Time Work, Life Time Sport and Life Time Swim locations.
−Removed: In addition to the centers listed in the table above, as of December 31, 2022, we had incurred $456 million of capital expenditures invested in future center development, including 12 centers under construction.
+Added: In addition to the centers listed in the table above, as of December 31, 2023, we had seven new centers under construction, with $241 million of growth capital expenditures already invested into these new centers that have yet to open.
We also operate six facilities that we classify as satellite locations.
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.