ELS Announces an Agreement to Acquire 76 Manufactured Home Communities for $1.43 Billion

Equity LifeStyle Properties ELS entered into purchase and other agreements with certain affiliates of Hometown America, L.L.C. to acquire a portfolio of 76 manufactured home communities containing 31,167 sites on approximately 6,500 acres located in 16 states (primarily located in Florida and the northeastern region of the United States) and certain manufactured homes and loans secured by manufactured homes located at the Hometown Properties.