They started out claiming they buy distressed mobile home parks and bring them back to life but in reality all they did was take advantage of low interest government loans to buy the properties and have done very little to enhance anything. They are traded on Nasdaq under ELS and have a market cap of around 12 billion , most of which came at the expense of senior citizens.
Equity Lifestyle Properties is still dragging their feet in North Fort Meyers at several mobile home parks that sustained damage from hurricane Ian but folks there say there are issues that haven’t been addressed since well before Ian
During Covid when hundreds of seniors were dying across Florida from the virus Equity Lifestyle Properties deliberately started raising rents in mobile home parks across the state knowing this would go unnoticed and even if it were, there were too many other issues going on that it wouldn’t matter.
Today is a different story, they have hit a wall of resistance from the very homeowners they raped and pillaged the last few years. There are many eyes on Equity Lifestyle Properties right now and its not for their stock that tanks just about every day, these prying eyes are finding that this company doesn’t always do things by the book, and there are social media groups that are dedicated to bringing this company into compliance.
Investing in Equity Lifestyle Properties is not an ethical choice, and that goes for investing in other companies that invest with Equity Lifestyle Properties.
Join the movement and visit us on Facebook , We the people getting screwed by Equity Lifestyle Properties

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