Profile: Equity LifeStyle Properties Inc (ELS)
10 Feb 2016
Equity LifeStyle Properties, Inc. (ELS), incorporated on December 4, 1992, is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (Properties). The Company leases individual developed areas (Sites) with access to utilities for placement of factory built homes, cottages, cabins or recreational vehicles (RVs). The Company operates in two segments: 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 December 31, 2014, the Company owned an ownership interest in a portfolio of 384 Properties located throughout the United States and Canada containing 143,113 residential Sites. These Properties are located in 32 states and British Columbia. The Company has 121 properties in Florida, 49 properties in California, 42 properties in Arizona, 17 properties in Texas, 15 properties in Pennsylvania, 14 properties in Washington, 10 properties in Colorado, 10 properties in Wisconsin, 9 properties in Oregon, 8 properties in North Carolina, 7 properties in Delaware, 7 properties in Indiana, 7 properties in Nevada, 7 properties in New York, 7 properties in Virginia, 6 properties in New Jersey, 5 properties in Illinois, 5 properties in Maine, 5 properties in Massachusetts, 4 properties in Idaho, 4 properties in Michigan, 4 properties in Minnesota, 3 properties in New Hampshire, 3 properties in South Carolina, 3 properties in Utah, 2 properties in Maryland, 2 properties in North Dakota, 2 properties in Ohio, 2 properties in Tennessee, 1 property in Alabama, 1 property in Connecticut, 1 property in Kentucky and 1 property in 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. The Properties are designed for retirees, empty-nesters, vacationers and second home owners. The Company focuses on owning properties in or near metropolitan markets and retirement and vacation destinations. The Company’s properties include Hidden Cove, Apache East, Apollo Village, Araby, Cactus Gardens, The Meadows and DeAnza Santa Cruz, among others.
Equity LifeStyle Properties Inc
2 N Riverside Plz Ste 800
CHICAGO IL 60606-2682