Life Time Fitness REIT Spinoff Could Unlock Value: McGuire

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Mark Melin
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Life Time Fitness, Inc. (NYSE:LTM) is on the verge of unlocking significant shareholder value and could rise more than 30 percent, says activist hedge fund manager Richard McGuire of Marcato Capital Management (H/T MarketFolly for the find). McGuire, a disciple of noted activist William Ackman, invests in small to mid-sized companies and various real estate plays.  It is from a real estate angle McGuire likes Life Time Fitness and their recent move to explore spinning off the fitness club’s large real estate holdings into a real estate investment trust (REIT) conversion. Life Time Fitness shares trade at a substantial discount McGuire…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.