ELS Declares First Quarter Dividends

  ELS Declares First Quarter Dividends

Business Wire

CHICAGO -- March 13, 2013

The Board of Directors of Equity LifeStyle Properties, Inc. (NYSE:ELS)(the
“Company”) declared a dividend of $0.50 per common share, representing, on an
annualized basis, a dividend of $2.00 per common share. The dividend will be
paid on April 12, 2013 to stockholders of record on March 29, 2013. The
Company’s Board of Directors also declared a dividend of $0.421875 per
depositary share (each representing 1/100 of a share of the Company's 6.75%
Series C Cumulative Redeemable Perpetual Preferred Stock) (NYSE:ELSPrC), which
represents, on an annualized basis, a dividend of $1.6875 per depositary
share. The dividend will be paid on April 1, 2013 to stockholders of record on
March 21, 2013.

The Company’s Board of Directors also increased the size of the Board by two
directors and elected Mrs. Marguerite Nader and Mr. William Young to fill the
vacancies created by the increase in the number of directors.

Mrs. Nader, age 44, has served as the Company's President and Chief Executive
Officer since February 1, 2013. Mrs. Nader is also a member of the Company’s
Management Committee. Mrs. Nader served as the Company's President from
October 18, 2012 to January 31, 2013; President and Chief Financial Officer
from May 2012 to October 18, 2012; Executive Vice President and Chief
Financial Officer from December 2011 to May 2012; Executive Vice President -
New Business Development from February 2011 to December 2011; Executive Vice
President - Sales and Marketing from February 2009 to February 2011; Senior
Vice President of New Business Development from January 2007 to February 2009;
Vice President of New Business Development from January 2001 to January 2007;
and Vice President of Asset Management from January 1998 to January 2001. Mrs.
Nader has been employed with the Company since 1993.

Mr. Young, age 48, has been managing partner and co-founder of Hyperion Homes
LLC and Ranieri Residential, LLC, single family housing investment platforms
for Ranieri Partners LLC, an investment firm, since June 2012. Mr. Young was
managing director and a member of the investment committee for the distressed
debt fund of Equity Group Investments from 2009 to 2011. Mr. Young was a
partner at Goldman Sachs & Co. and Goldman Sachs International from 2001 to
2008 where he held a variety of positions including co-head of the European
Mortgage Department and co-head of the Global Infrastructure Investment Fund.
Mr. Young worked at Citigroup and Citibank from 1987 to 2001 where he worked
in Leveraged Finance, Commercial Real Estate work-outs and ultimately led the
firm’s European Securitization and Real Estate Finance Group.

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 2013 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 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.

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, (312) 279-1488
 
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