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 9:05 am 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 management’s 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.
