Investment companies like Vanguard Group, Fidelity , Black Rock and others should know the truth about the bad business practices of Equity Lifestyle Properties. Equity Lifestyle Properties are one of the biggest REIT companies when it comes to mobile home parks. They have purchased a large percentage of mobile home parks in Florida and all they have done was come in and raise the rent raise the utilities and decreased the amenities. The infrastructure for most of the mobile home parks they purchased are old and outdated. They do zero capital improvements and the people across Florida have had enough. Thanks to Mobile Homeowners against Equity Lifestyle Properties , mobile homeowners across Florida have been coming together as one to take our fight against ELS as far as we can.
Investors in companies like Vanguard and Black Rock should know that Equity Lifestyle Properties are slumlords. Eventually they will lose a big lawsuit and millions in damages but they will also be forced to upgrade their outdated infrastructures in all of their properties. Equity Lifestyle Properties is in a lawsuit right now against FeganScot in Chicago over this exact issue. Flooding in their mobile home parks because of a under maintained and outdated storm drain system. This is the same issue in 70% of the mobile home parks they own and we have had enough. If your an investor in Equity Lifestyle Properties or Vanguard , or Fidelity or Black Rock then you should research ELS and just Google ELS complaints and you decide if you feel comfortable with your investment in the long run.

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