Equity Lifestyle names Marguerite Nader vice chairman

Equity LifeStyle (ELS) Properties announced that the Board of Directors has named Marguerite Nader as Vice Chairman of the Board and promoted Patrick Waite as President, both effective immediately. Nader will continue serving as Chief Executive Officer, and Waite will continue in his role as Chief Operating Officer reporting to Nader. Waite has been Executive Vice President and Chief Operating Officer of the Company since January 2015. Prior to joining the Company in 2013, Waite was senior vice president of asset management at American Residential Communities, a private operator of manufactured housing communities, from January 2010 through January 2013. He was vice president of Riverside Communities, a manufactured home community affiliate of Helix Funds LLC, from August 2004 to January 2010. Mr. Waite co-founded Continental Communities, a private operator of manufactured home communities, and managed its acquisition program from 1997 to 2001. Mr. Waite was the Director of Acquisitions for the Company from 1993 to 1997. Marguerite Nader, the Vice Chairman of the Board and our Chief Executive Officer, said, “Patrick has been instrumental to ELS’ success. His expertise in operations, capital allocation, and extensive industry knowledge will be valuable as he steps into this new role.”