Equity LifeStyle Properties, Inc. acquired Lake Conroe, a 261-site RV community in Montgomery, Texas
January 23, 2022
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Equity LifeStyle Properties, Inc. (NYSE:ELS) acquired Lake Conroe, a 261-site RV community in Montgomery, Texas on December 15, 2021. In November, 2021, Equity LifeStyle Properties, Inc. completed the acquisition of Hope Valley, a 164-site RV community located in Turner, Oregon. Equity LifeStyle Properties, Inc. completed the acquisition of both the communities for an aggregate purchase price of $31.9 million. These acquisitions were funded with available cash, proceeds from Equity LifeStyle Properties, Inc.'s line of credit, and net proceeds from sales of common stock under our at-the-market (“ATM”) equity offering program.
Equity LifeStyle Properties, Inc. (NYSE:ELS) completed the acquisition of Lake Conroe, a 261-site RV community in Montgomery, Texas on December 15, 2021.
Equity LifeStyle Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns a lifestyle-oriented properties consisting of property operations and home sales and rental operations within manufactured home (MH) and recreational vehicle (RV) communities and marinas. It operates through two segments: Property Operations and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease properties and the Home Sales. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company owns interest in a portfolio of approximately 451 properties located throughout the United States and Canada containing approximately 172,465 individual developed areas. These properties are located in 35 states and British Columbia, with approximately 110 properties with lake, river or ocean frontage and approximately 120 properties within 10 miles of the coastal United States.
EQUITY LIFESTYLE PROPERTIES, INC. 
