ELS Declares Third Quarter Dividends

  ELS Declares Third Quarter Dividends

Business Wire

CHICAGO -- August 6, 2013

The Board of Directors of Equity LifeStyle Properties, Inc. (NYSE: ELS)
declared a dividend of $0.25 per common share, representing, on an annualized
basis, a dividend of $1.00 per common share (adjusted for stock split). The
dividend will be paid on October 11, 2013 to stockholders of record on
September 27, 2013. Our Board of Directors also declared a dividend of
$0.421875 per depositary share (each representing 1/100 of a share of our
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 September 30, 2013 to
stockholders of record on September 20, 2013.

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 our
expectations, goals or intentions regarding the future, and the expected
effect of our recent acquisitions. These forward-looking statements are
subject to numerous assumptions, risks and uncertainties, including, but not
limited to:

  *our ability to control costs, real estate market conditions, the actual
    rate of decline in customers, the actual use of sites by customers and our
    success in acquiring new customers at our properties (including those that
    we may acquire);
  *our ability to maintain historical rental rates and occupancy with respect
    to properties currently owned or that we may acquire;
  *our ability to retain and attract customers renewing, upgrading and
    entering right-to-use contracts;
  *our assumptions about rental and home sales markets;
  *our assumptions and guidance concerning 2013 estimated net income, FFO and
    Normalized FFO;
  *our 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;
  *the completion of transactions in their entirety and future transactions,
    if any, and timing and effective integration with respect thereto;
  *effective integration of recent acquisitions and our estimates regarding
    the future performance of recent acquisitions;
  *unanticipated costs or unforeseen liabilities associated with 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 our 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. We are under no obligation to, and expressly
disclaim any obligation to, update or alter our forward-looking statements
whether as a result of such changes, new information, subsequent events or
otherwise.

We own or have an interest in 376 quality properties in 32 states and British
Columbia consisting of 138,968 sites. We are a self-administered, self-managed
real estate investment trust (“REIT”) with headquarters in Chicago.

Contact:

Equity LifeStyle Properties, Inc.
Paul Seavey, (312) 279-1488