ELS Announces Changes to Its Management Team

  ELS Announces Changes to Its Management Team

Business Wire

CHICAGO -- July 05, 2012

Equity LifeStyle Properties, Inc. (NYSE:ELS) announced today that, after
almost 20 years of outstanding service, Ellen Kelleher, Executive Vice
President-Property Management, has decided to retire on December 31, 2012.
During the interim, she will transition her duties to others.

The Company’s Chief Executive Officer, Tom Heneghan, said, “Ellen Kelleher has
been instrumental in laying this Company’s foundation. I am proud of what we
have accomplished over the years. I wish her all the best.”

In connection with Ms. Kelleher’s decision to retire, the Company has made the
following changes to its management team. Peter Underhill has been appointed
Senior Vice President-Revenue Management, Ron Bunce has been appointed Senior
Vice President West Operations, and Brad Nelson has been appointed Senior Vice
President East Operations. Mr. Underhill, Mr. Bunce and Mr. Nelson, each of
whom has been with the Company or its predecessors for more than a decade and
in our industry for decades, will each report directly to Mr. Heneghan.
Marguerite Nader, the Company’s president and chief financial officer, will
also continue to report to Mr. Heneghan.

In addition, Seth Rosenberg has been appointed Senior Vice President of
Marketing, Jim Phillips has been appointed Senior Vice President of Sales, and
Dave Kozy has been appointed Vice President of Customer Relations. Mr.
Rosenberg, Mr. Phillips and Mr. Kozy will each report directly to Ms. Nader.

Equity LifeStyle Properties, Inc. is a fully integrated owner and operator of
lifestyle-oriented properties and as of July 5, 2012, owns or has an interest
in 382 quality properties in 32 states and British Columbia consisting of
141,077 sites. The Company is a self-administered, self-managed, real estate
investment trust (REIT) with headquarters in Chicago. Visit
www.equitylifestyle.com for more information.

This press release includes certain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. When used,
words such as “anticipate,” “expect,” “believe,” “project,” “intend,” “may be”
and “will be” and similar words or phrases, or the negative thereof, unless
the context requires otherwise, are intended to identify forward-looking
statements and may include, without limitation, information regarding the
Company’s expectations, goals or intentions regarding the future, and the
expected effect of the recent acquisitions on the Company. These
forward-looking statements are subject to numerous assumptions, risks and
uncertainties, including, but not limited to:

  * the Company’s ability to control costs, real estate market conditions, the
    actual rate of decline in customers, the actual use of sites by customers
    and its success in acquiring new customers at its Properties (including
    those that it may acquire);
  * the Company’s ability to maintain historical rental rates and occupancy
    with respect to Properties currently owned or that the Company may
    acquire;
  * the Company’s ability to retain and attract customers renewing, upgrading
    and entering right-to-use contracts;
  * the Company’s assumptions about rental and home sales markets;
  * the Company’s assumptions and guidance concerning 2012 estimated net
    income and funds from operations;
  * the Company’s ability to manage counterparty risk;
  * in the age-qualified Properties, home sales results could be impacted by
    the ability of potential homebuyers to sell their existing residences as
    well as by financial, credit and capital markets volatility;
  * results from home sales and occupancy will continue to be impacted by
    local economic conditions, lack of affordable manufactured home financing
    and competition from alternative housing options, including site-built
    single-family housing;
  * impact of government intervention to stabilize site-built single family
    housing and not manufactured housing;
  * effective integration of the recent acquisitions and the Company’s
    estimates regarding the future performance of the recent acquisitions;
  * unanticipated costs or unforeseen liabilities associated with the recent
    acquisitions;
  * ability to obtain financing or refinance existing debt on favorable terms
    or at all;
  * the effect of interest rates;
  * the dilutive effects of issuing additional securities;
  * the effect of accounting for the entry of contracts with customers
    representing a right-to-use the Properties under the Codification Topic
    “Revenue Recognition;” and
  * other risks indicated from time to time in the Company’s filings with the
    Securities and Exchange Commission.

These forward-looking statements are based on management's present
expectations and beliefs about future events. As with any projection or
forecast, these statements are inherently susceptible to uncertainty and
changes in circumstances. The Company is under no obligation to, and expressly
disclaims any obligation to, update or alter its forward-looking statements
whether as a result of such changes, new information, subsequent events or
otherwise.

Contact:

Equity LifeStyle Properties, Inc.
Marguerite Nader, 312-279-1486