Profile: Equity LifeStyle Properties Inc (ELS)
30 Nov 2016
Equity LifeStyle Properties, Inc., incorporated on December 4, 1992, is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease Properties. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company's customers may lease individual developed areas (Sites) or enter right-to-use contracts, which provide them access to specific Properties for limited stays. The Company's portfolio includes approximately 390 Properties, including over 143,940 residential Sites located across the United States and Canada. The Company has over 80 Properties with lake, river or ocean frontage, and over 100 Properties within approximately 10 miles of the coastal United States.
The Company's Properties may have Sites that can accommodate a range of RVs. The homes can range from 400 to over 2,000 square feet. The Company's Properties generally contain centralized entrances, internal road systems and designated Sites. Its Properties also provide a clubhouse for social activities, and recreation and other amenities, which may include swimming pools, shuffleboard courts, tennis courts, pickleball courts, golf courses, lawn bowling, restaurants, laundry facilities, cable television and Internet service. The Company's Properties also provide utilities, including water and sewer service, through municipal or regulated utilities. The Company's operations are conducted primarily through its operating partnership, MHC Operating Limited Partnership. The Company's Properties include Cheron Village in Davie; Carriage Cove in Daytona Beach; Coquina Crossing in Elkton; Maralago Cay in Lantana; Coral Cay in Margate; Holiday Village in Ormond Beach; Palm Beach Colony in West Palm Beach; Village Green in Vero Beach; Clover Leaf Farms in Brooksville; Haselton Village in Eustis; Lakeside Terrace in Fruitland Park; Lakeland Harbor in Lakeland; Coachwood Colony in Leesburg; Sunshine Key in Big Pine Key; Winter Quarters Manatee in Bradenton; Holiday Ranch in Clearwater; Gulf Air Resort in Fort Myers Beach; Vacation Village in Largo, and Monte del Lago in Castroville.
Equity LifeStyle Properties Inc
2 N Riverside Plz Ste 800
CHICAGO IL 60606-2682