Equity LifeStyle Properties, Inc. (NYSE:ELS) acquired a 80% stake in RVC Outdoor Destinations for $49.2 million on November 1, 2021. The acquisition was 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 a 80% stake in RVC Outdoor Destinations on November 1, 2021.