Profile: Equity LifeStyle Properties Inc (ELS)
20 Apr 2015
Equity LifeStyle Properties, Inc. (ELS), incorporated on December 4, 1992, is a self-administered, self-managed, real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (Properties). The Company lease individual developed areas (Sites) with access to utilities for placement of factory built homes, cottages, cabins or recreational vehicles (RVs). The Company has operations include Property Operations and Home Sales and Rental Operations. The Property Operations owns and operates land lease Properties and the Home Sales and Rental Operations purchases, sells and leases homes at the Properties. The Company has partnership with MHC Operating Limited. As of September 30, 2014, the Company owned an ownership interest in a portfolio of 382 Properties located throughout the United States and Canada containing 141,195 residential Sites. These Properties are located in 32 states and British Columbia: Florida, California, Arizona, Texas, Pennsylvania, Washington, Colorado, Wisconsin, Oregon, North Carolina, Delaware, Indiana, Nevada, New York, Virginia, New Jersey, Illinois, Maine, Massachusetts, Idaho, Michigan, Minnesota, New Hampshire, South Carolina, Utah, Maryland, North Dakota, Ohio, Tennessee, Alabama, Connecticut, Kentucky and British Columbia.
The Company’s properties are designed and improved for several home options of various sizes and designs that are produced off-site, installed and set on designated Sites within the Properties. These homes can range from 400 to over 2,000 square feet. The smallest of these homes are referred to as Resort Cottages. Properties contain centralized entrances, internal road systems and designated Sites. In addition, Properties often provide a clubhouse for social activities and recreation and other amenities, which include restaurants, swimming pools, golf courses, lawn bowling, shuffleboard courts, pickleball, tennis courts, laundry facilities and cable television service. Some Properties provide water and sewer service through municipal or regulated utilities, while others provide these services to customers from on-site facilities. Properties generally are designed to attract retirees, empty-nesters, vacationers and second home owners. The Company focuses on owning properties in or near metropolitan markets and retirement and vacation destinations.
Equity LifeStyle Properties Inc
2 N Riverside Plz Ste 800
CHICAGO IL 60606-2682