William Young Will Not Stand for Reelection as Member of Board of Directors of Equity LifeStyle Properties, Inc
February 27, 2018 at 05:08 pm
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On February 27, 2018, Mr. William Young, a member of Board of Directors, informed the Equity LifeStyle Properties, Inc. that he will not stand for reelection at the company’s 2018 Annual Meeting of stockholders. Accordingly, Mr. Young’s service as a member of the Board of Directors will cease at the company’s 2018 Annual Meeting of stockholders scheduled to be held on May 1, 2018, at which time the Board of Directors will be reduced to nine members. Mr. Young’s decision not to stand for reelection is not a result of any disagreement with other Board members or with management.
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.