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ELS Announces the Acquisition of Florida Keys RV Resort



  ELS Announces the Acquisition of Florida Keys RV Resort

Business Wire

CHICAGO -- September 17, 2013

Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,”
“us,” and “our”) announces the acquisition of Fiesta Key RV Resort, a premier
324-site RV resort and marina in the Florida Keys. With expansive views of the
Gulf of Mexico, Fiesta Key RV Resort offers customers an outstanding RV
destination and enhances our presence in this attractive destination market.
The purchase price for the property was approximately $24.6 million and was
funded with available cash.

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;

• 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.

Equity LifeStyle Properties, Inc. is a fully integrated owner and operator of
lifestyle-oriented properties and owns or has an interest in 377 quality
properties in 32 states and British Columbia consisting of 139,288 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
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