ELS Announces Tax Treatment of 2012 Distributions

  ELS Announces Tax Treatment of 2012 Distributions

Business Wire

CHICAGO -- January 22, 2013

Equity LifeStyle Properties, Inc. (NYSE: ELS) (the “Company”) today announced
the tax treatment of its 2012 common and preferred share distributions. The
nondividend distributions on the common shares was also reported on Internal
Revenue Service Form 8937 pursuant to U.S. tax basis reporting as required
under Internal Revenue Code Section 6045B. A copy of the Form 8937 is posted
to the Company’s website (www.equitylifestyle.com).

Common Shares (CUSIP No. 29472R108)

                                     Ordinary    Long-Term      
Record     Payable    Distribution   Taxable     Capital Gains   Nondividend
Date       Date       Per Share      Dividend    Dividend        Distributions
                                                                  
12/30/11   01/13/12   $0.375000      $0.285730   $0.024244       $0.065026
03/30/12   04/13/12   $0.437500      $0.333352   $0.028285       $0.075863
06/29/12   07/13/12   $0.437500      $0.333352   $0.028285       $0.075863
09/28/12   10/12/12   $0.437500      $0.333352   $0.028285       $0.075863
12/14/12   12/28/12   $0.437500      $0.333352   $0.028285       $0.075863
                                                                  
TOTALS                $2.125000      $1.619138   $0.137384       $0.368478
                                                                  

Series A Cumulative Redeemable Perpetual Preferred Stock (CUSIP No. 29472R207)

                                     Ordinary    Long-Term
Record     Payable    Distribution   Taxable     Capital Gains
Date       Date       Per Share      Dividend    Dividend
                                                  
03/19/12   03/30/12   $0.502125      $0.462852   $0.039273
06/18/12   06/29/12   $0.502125      $0.462852   $0.039273
*          09/14/12   $0.384963      $0.354854   $0.030109
09/17/12   09/28/12   $0.502125      $0.462852   $0.039273
**         10/18/12   $0.094846      $0.087428   $0.007418
                                                  

*This distribution represents the final 2012 distribution on each share of
Series A Preferred Stock that was exchanged for a newly created Depository
Share representing 1/100 of a share of Series C Preferred Stock.

**This distribution represents the final 2012 distribution on each remaining
share of Series A Preferred Stock that was redeemed on October 18, 2012.

Series C Cumulative Redeemable Perpetual Preferred Stock (CUSIP No.
29472R405).

                                     Ordinary    Long-Term
Record     Payable    Distribution   Taxable     Capital Gains
Date       Date       Per Share      Dividend    Dividend
                                                  
12/10/12   12/31/12   $0.529688      $0.488259   $0.041429
                                                  

The distribution on each Depositary Share (representing 1/100 of a share of
Series C Preferred Stock) is for the period from September 8, 2012 to December
31, 2012.

Shareholders are encouraged to consult with their tax advisors as to the
specific tax treatment of the distributions they received from the Company.

Equity LifeStyle Properties, Inc. owns or has an interest in 383 quality
properties in 32 states and British Columbia consisting of 142,682 sites. The
Company is a self-administered, self managed, real estate investment trust
(REIT) with headquarters in Chicago.

Contact:

Equity LifeStyle Properties, Inc.
Paul Seavey
(800) 247-5279