ELS Announces Closings on Seven Properties

This week Equity LifeStyle Properties closed on several acquisitions after entering into purchase agreements in May. Those agreements include a portfolio of 75 manufactured home communities and one RV resort containing 31,167 sites on approximately 6,500 acres located in 16 states for a stated purchase price of $1.43 billion. The properties are primarily located in Florida and the northeast. This week the company closed on seven of the properties for a stated purchase price of approximately $99 million. Equity LifeStyle Properties is a fully integrated owner and operator of lifestyle-oriented properties and as of December 8, 2011, owns or has an interest in 382 quality properties in 32 states and British Columbia consisting of 141,175 sites.

(Image Credit: Equity Lifestyle Properties)

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