Equity LifeStyle Properties, Inc. (NYSE: ELS) today announced that
Michael B. Berman, ELS' Executive Vice President and Chief Financial
Officer, will make a presentation at the 13th Annual Wells
Fargo Global Real Estate Securities Conference on Wednesday, December 9,
2009 at 7:20 a.m. Central Time.
A live webcast of Equity LifeStyle Properties, Inc.’s presentation will
be available via the Company’s website in the Investor Info section at www.equitylifestyle.com.
This will be a listen only broadcast. An archive of the webcast will be
available for a period of ninety days after the conference.
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;
-
in the all-age Properties, 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;
-
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;
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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 previously leased by
Privileged Access under the FASB Accounting Standards Codification
Topic "Revenue Recognition” (prior authoritative guidance:
Staff Accounting Bulletin No. 104, Revenue Recognition in
Consolidated Financial Statements, Corrected); 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 110,363
sites. The Company is a self-administered, self-managed, real estate
investment trust (REIT) with headquarters in Chicago.