ELS Sells Stock to Fund New Acquisition

Benzinga says Keefe, Bruyette, and Woods report Sam Zell’s Equity LifeStyle Properties (NYSE:ELS) sold 6.1 million shares of stock at $59.50 per share grossing $359 million to help fund its acquisition of a chunk of Hometown America LLC.  As we reported here June 1, ELS acquired 31,167 home sites from Hometown America for $1.4 billion.

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