Attached files
file | filename |
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8-K - FORM 8-K - EQUITY LIFESTYLE PROPERTIES INC | c56624e8vk.htm |
EX-99.2 - EX-99.2 - EQUITY LIFESTYLE PROPERTIES INC | c56624exv99w2.htm |
Exhibit 99.1
News Release
CONTACT:
|
Michael Berman | FOR IMMEDIATE RELEASE | ||
(800) 247-5279 | March 1, 2010 |
ELS PRESENTATION AT CITI CEO CONFERENCE
CHICAGO, IL March 1, 2010 Equity LifeStyle Properties, Inc. (NYSE: ELS) today announced
that the Company will make a presentation at the Citi 2010 Global Property CEO Conference on
Wednesday, March 3, 2010. Thomas P. Heneghan, ELS CEO, will conduct a roundtable presentation at
9:05am Eastern time. The live presentation can be accessed via teleconference at (877) 211-0500
using passcode: 6642440. This will be a listen only broadcast. A replay of the presentation will
not be available.
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. 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 recently acquired); | ||
| our ability to maintain historical rental rates and occupancy with respect to Properties currently owned or that we may acquire; | ||
| our assumptions about rental and home sales markets; | ||
| 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 future acquisitions, if any, and timing with respect thereto and the effective integration and successful realization of cost savings; | ||
| 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 common stock; | ||
| the effect of accounting for the sale of agreements to 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 managements 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 304 quality properties in 27
states and British Columbia consisting of 110,575 sites. The Company is a self-administered,
self-managed, real estate investment trust (REIT) with headquarters in Chicago.