Bahram Akradi's Life Time Group Acquires Arden Hills Athletic & Social Club For $12.5M

Bahram Akradi, the CEO of Life Time Group Holdings Inc., has acquired the closed Arden Hills Athletic & Social Club in Arden-Arcade, California, for $12.5 million. The 8.87-acre property located at 1220 Arden Hills Country Club Lane will be transformed into a new Life Time fitness club. The specific reopening details of the fitness club are yet to be disclosed.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $12,500,000
• Address: 1220 Arden Hills Country Club Lane
• Market: Sacramento
• Acres: 8.87

The seller of the property is Brett Favero. Life Time Group Holdings Inc., under the leadership of Bahram Akradi, will be responsible for the redevelopment of the Arden Hills Athletic & Social Club into a new fitness club. The acquisition of this property marks Life Time's expansion into the Arden-Arcade area, offering residents a new fitness and social facility.