California Family Fitness founders Larry Gury and Russ Kuhn sold almost $100 million worth of their real estate portfolio and plan to use the money from the sale to build more clubs.
The deal closed Aug. 30, according to the Sacramento (CA) Business Journal, and involved a package of 10 properties leased by California Family Fitness, Orangevale, CA, in the Sacramento region. Realty Income Corp., a publicly traded company based in Escondido, CA, purchased the real estate for $98.
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