

						Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)					Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances			Land		Depreciable Property		Land			Depreciable Property		Land		Depreciable Property		Total ⁽³⁾		Accumulated Depreciation			Date of Acquisition
Properties Held for Long Term
Hidden Cove	Arley	AL	$	—		$	212	$	610	$	—		$	1,277	$	212	$	1,887	$	2,099	$	(355	)	2006
Apache East	Apache Junction	AZ	(5,045		)	2,236		4,181		—			191		2,236		4,372		6,608		(1,433		)	2011
Countryside RV	Apache Junction	AZ	(8,225		)	2,056		6,241		—			1,733		2,056		7,974		10,030		(4,397		)	2002
Denali Park	Apache Junction	AZ	—			2,394		4,016		—			290		2,394		4,306		6,700		(1,380		)	2011
Golden Sun RV	Apache Junction	AZ	(5,834		)	1,678		5,049		—			770		1,678		5,819		7,497		(3,197		)	2002
Valley Vista	Benson	AZ	—			115		429		—			243		115		672		787		(203		)	2010
Casita Verde RV	Casa Grande	AZ	—			719		2,179		—			257		719		2,436		3,155		(1,059		)	2006
Fiesta Grande RV	Casa Grande	AZ	—			2,869		8,653		—			1,298		2,869		9,951		12,820		(4,251		)	2006
Foothills West RV	Casa Grande	AZ	—			747		2,261		—			546		747		2,807		3,554		(1,239		)	2006
Sunshine Valley	Chandler	AZ	(22,798		)	9,139		12,912		—			605		9,139		13,517		22,656		(4,350		)	2011
Verde Valley	Cottonwood	AZ	—			1,437		3,390		19			6,513		1,456		9,903		11,359		(2,537		)	2004
Casa del Sol East II	Glendale	AZ	—			2,103		6,283		—			3,382		2,103		9,665		11,768		(5,247		)	1996
Casa del Sol East III	Glendale	AZ	—			2,450		7,452		—			1,236		2,450		8,688		11,138		(5,853		)	1998
Palm Shadows	Glendale	AZ	(5,413		)	1,400		4,218		—			1,701		1,400		5,919		7,319		(4,569		)	1993
Hacienda De Valencia	Mesa	AZ	(20,119		)	833		2,701		—			5,159		833		7,860		8,693		(5,717		)	1984
Mesa Spirit	Mesa	AZ	(16,481		)	17,382		25,238		192			58		17,574		25,296		42,870		(4,859		)	2014
Monte Vista	Mesa	AZ	(20,907		)	11,402		34,355		—			26,244		11,402		60,599		72,001		(21,226		)	2004
Seyenna Vistas	Mesa	AZ	—			1,360		4,660		(87		)	3,357		1,273		8,017		9,290		(5,749		)	1994
The Highlands at Brentwood	Mesa	AZ	(12,635		)	1,997		6,024		—			2,318		1,997		8,342		10,339		(6,614		)	1993
Viewpoint	Mesa	AZ	(49,152		)	24,890		56,340		15			24,048		24,905		80,388		105,293		(35,114		)	2004
Apollo Village	Peoria	AZ	—			932		3,219		—			1,753		932		4,972		5,904		(3,684		)	1994
Casa del Sol West I	Peoria	AZ	—			2,215		6,467		—			2,577		2,215		9,044		11,259		(5,374		)	1996
Carefree Manor	Phoenix	AZ	—			706		3,040		—			1,071		706		4,111		4,817		(2,741		)	1998
Central Park	Phoenix	AZ	(11,846		)	1,612		3,784		—			1,961		1,612		5,745		7,357		(4,825		)	1983
Desert Skies	Phoenix	AZ	(4,621		)	792		3,126		—			883		792		4,009		4,801		(2,760		)	1998
Sunrise Heights	Phoenix	AZ	(5,661		)	1,000		3,016		—			1,872		1,000		4,888		5,888		(3,480		)	1994
Whispering Palms	Phoenix	AZ	—			670		2,141		—			477		670		2,618		3,288		(1,830		)	1998
Desert Vista	Salome	AZ	—			66		268		—			289		66		557		623		(181		)	2010
Sedona Shadows	Sedona	AZ	—			1,096		3,431		—			2,178		1,096		5,609		6,705		(3,422		)	1997
Venture In	Show Low	AZ	—			2,050		6,188		—			719		2,050		6,907		8,957		(3,109		)	2006
Paradise	Sun City	AZ	—			6,414		19,263		11			2,905		6,425		22,168		28,593		(11,937		)	2004
The Meadows	Tempe	AZ	(16,454		)	2,613		7,887		—			4,512		2,613		12,399		15,012		(9,161		)	1994
Fairview Manor	Tucson	AZ	—			1,674		4,708		—			2,427		1,674		7,135		8,809		(4,806		)	1998



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Westpark	Wickenburg	AZ	(8,605	)	4,495	10,517	—	2,296	4,495	12,813	17,308	(3,563	)	2011
Araby	Yuma	AZ	—		1,440	4,345	—	1,140	1,440	5,485	6,925	(2,763	)	2003
Cactus Gardens	Yuma	AZ	(6,232	)	1,992	5,984	—	547	1,992	6,531	8,523	(3,316	)	2004
Capri RV	Yuma	AZ	—		1,595	4,774	—	456	1,595	5,230	6,825	(2,295	)	2006
Desert Paradise	Yuma	AZ	—		666	2,011	—	379	666	2,390	3,056	(1,236	)	2004
Foothill	Yuma	AZ	—		459	1,402	—	386	459	1,788	2,247	(900	)	2003
Mesa Verde	Yuma	AZ	(4,576	)	1,387	4,148	—	700	1,387	4,848	6,235	(2,067	)	2007
Suni Sands	Yuma	AZ	—		1,249	3,759	—	624	1,249	4,383	5,632	(2,240	)	2004
Cultus Lake	Lindell Beach	BC	—		410	968	6	483	416	1,451	1,867	(719	)	2004
Soledad Canyon	Acton	CA	—		2,933	6,917	39	6,255	2,972	13,172	16,144	(5,210	)	2004
Los Ranchos	Apple Valley	CA	—		8,336	15,774	—	960	8,336	16,734	25,070	(5,319	)	2011
Monte del Lago	Castroville	CA	(32,034	)	3,150	9,469	—	4,629	3,150	14,098	17,248	(8,993	)	1997
Date Palm Country Club	Cathedral City	CA	—		—	18,179	—	8,234	—	26,413	26,413	(20,169	)	1994
Date Palm RV	Cathedral City	CA	—		—	216	—	611	—	827	827	(476	)	1994
Colony Park	Ceres	CA	—		890	2,837	—	1,481	890	4,318	5,208	(2,731	)	1998
Russian River	Cloverdale	CA	—		368	868	5	577	373	1,445	1,818	(590	)	2004
Oakzanita Springs	Descanso	CA	—		396	934	5	1,789	401	2,723	3,124	(1,104	)	2004
Rancho Mesa	El Cajon	CA	—		2,130	6,389	—	1,394	2,130	7,783	9,913	(5,155	)	1998
Rancho Valley	El Cajon	CA	(6,464	)	685	1,902	—	1,892	685	3,794	4,479	(2,884	)	1983
Snowflower	Emigrant Gap	CA	—		308	727	4	1,794	312	2,521	2,833	(785	)	2004
Four Seasons	Fresno	CA	—		756	2,348	—	1,838	756	4,186	4,942	(2,262	)	1997
Yosemite Lakes	Groveland	CA	—		2,045	4,823	27	4,768	2,072	9,591	11,663	(3,503	)	2004
Royal Holiday	Hemet	CA	—		778	2,643	—	3,681	778	6,324	7,102	(3,133	)	1999
Idyllwild	Idyllwild-Pine Cove	CA	—		313	737	4	2,051	317	2,788	3,105	(939	)	2004
Pio Pico	Jamul	CA	—		2,626	6,194	35	4,081	2,661	10,275	12,936	(4,310	)	2004
Tahoe Valley	Lake Tahoe	CA	—		—	5,428	—	1,214	—	6,642	6,642	(3,270	)	2004
Sea Oaks	Los Osos	CA	—		871	2,703	—	1,022	871	3,725	4,596	(2,422	)	1997
Ponderosa	Lotus	CA	—		900	2,100	—	2,585	900	4,685	5,585	(1,416	)	2006
Turtle Beach	Manteca	CA	—		268	633	4	1,399	272	2,032	2,304	(532	)	2004
Wilderness Lake	Menifee	CA	—		2,157	5,088	29	2,423	2,186	7,511	9,697	(3,327	)	2004
Coralwood	Modesto	CA	—		—	5,047	—	1,556	—	6,603	6,603	(4,295	)	1997
Morgan Hill	Morgan Hill	CA	—		1,856	4,378	25	4,772	1,881	9,150	11,031	(2,890	)	2004
Lake Minden	Nicolaus	CA	—		961	2,267	13	1,487	974	3,754	4,728	(1,742	)	2004
Pacific Dunes Ranch	Oceana	CA	—		1,940	5,632	—	1,599	1,940	7,231	9,171	(3,270	)	2004



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Lake of the Springs	Oregon House	CA	—		1,062	2,504	14	2,024	1,076	4,528	5,604	(1,855	)	2004
Concord Cascade	Pacheco	CA	(10,082	)	985	3,016	—	3,313	985	6,329	7,314	(4,528	)	1983
San Francisco RV	Pacifica	CA	—		1,660	4,973	—	2,760	1,660	7,733	9,393	(2,979	)	2005
San Benito	Paicines	CA	—		1,411	3,328	19	2,987	1,430	6,315	7,745	(2,505	)	2004
Palm Springs	Palm Desert	CA	—		1,811	4,271	24	1,919	1,835	6,190	8,025	(2,790	)	2004
Las Palmas	Rialto	CA	—		1,295	3,866	—	1,032	1,295	4,898	6,193	(2,354	)	2004
Parque La Quinta	Rialto	CA	—		1,799	5,450	—	943	1,799	6,393	8,192	(3,121	)	2004
Quail Meadows	Riverbank	CA	—		1,155	3,469	—	1,009	1,155	4,478	5,633	(2,900	)	1998
California Hawaiian	San Jose	CA	(35,794	)	5,825	17,755	—	5,017	5,825	22,772	28,597	(15,634	)	1997
Nicholson Plaza	San Jose	CA	—		—	4,512	—	427	—	4,939	4,939	(3,903	)	1997
Sunshadow	San Jose	CA	—		12,334	5,707	—	1,078	12,334	6,785	19,119	(4,590	)	1997
Village of the Four Seasons	San Jose	CA	(20,310	)	5,229	15,714	—	1,911	5,229	17,625	22,854	(8,689	)	2004
Westwinds (4 properties)	San Jose	CA	—		—	17,616	—	10,844	—	28,460	28,460	(21,038	)	1997
Laguna Lake	San Luis Obispo	CA	—		2,845	6,520	—	1,285	2,845	7,805	10,650	(5,368	)	1998
Contempo Marin	San Rafael	CA	(37,627	)	4,787	16,379	—	4,314	4,787	20,693	25,480	(16,400	)	1994
Rancho Oso	Santa Barbara	CA	—		860	2,029	12	2,182	872	4,211	5,083	(1,576	)	2004
DeAnza Santa Cruz	Santa Cruz	CA	—		2,103	7,201	—	4,440	2,103	11,641	13,744	(7,961	)	1994
Meadowbrook	Santee	CA	(23,367	)	4,345	12,528	—	3,074	4,345	15,602	19,947	(10,496	)	1998
Santa Cruz Ranch RV	Scotts Valley	CA	—		1,595	3,937	—	683	1,595	4,620	6,215	(1,798	)	2007
Lamplighter	Spring Valley	CA	(30,129	)	633	2,201	—	2,130	633	4,331	4,964	(3,256	)	1983
Santiago Estates	Sylmar	CA	(23,449	)	3,562	10,767	—	3,140	3,562	13,907	17,469	(8,896	)	1998
Royal Oaks	Visalia	CA	—		602	1,921	—	1,698	602	3,619	4,221	(1,958	)	1997
Hillcrest Village	Aurora	CO	(40,251	)	1,912	5,202	289	6,109	2,201	11,311	13,512	(7,864	)	1983
Cimarron	Broomfield	CO	—		863	2,790	—	1,749	863	4,539	5,402	(3,546	)	1983
Holiday Village	Colorado Springs	CO	—		567	1,759	—	2,477	567	4,236	4,803	(2,849	)	1983
Bear Creek	Denver	CO	(6,058	)	1,100	3,359	—	847	1,100	4,206	5,306	(2,768	)	1998
Holiday Hills	Denver	CO	(52,512	)	2,159	7,780	—	8,602	2,159	16,382	18,541	(12,004	)	1983
Golden Terrace	Golden	CO	—		826	2,415	—	2,920	826	5,335	6,161	(3,585	)	1983
Golden Terrace South	Golden	CO	—		750	2,265	—	1,018	750	3,283	4,033	(2,197	)	1997
Golden Terrace West	Golden	CO	—		1,694	5,065	—	7,439	1,694	12,504	14,198	(6,552	)	1986
Pueblo Grande	Pueblo	CO	—		241	1,069	—	2,547	241	3,616	3,857	(1,692	)	1983
Woodland Hills	Thornton	CO	(30,105	)	1,928	4,408	—	4,081	1,928	8,489	10,417	(6,140	)	1994
Stonegate Manor	North Windham	CT	(6,340	)	6,011	12,336	—	428	6,011	12,764	18,775	(4,219	)	2011
Waterford Estates	Bear	DE	(39,735	)	5,250	16,202	—	2,878	5,250	19,080	24,330	(8,836	)	1996



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
McNicol	Lewes	DE	—		562	1,710	—	267	562	1,977	2,539	(1,354	)	1998
Whispering Pines	Lewes	DE	—		1,536	4,609	—	2,436	1,536	7,045	8,581	(5,686	)	1988
Mariners Cove	Millsboro	DE	(19,639	)	990	2,971	—	6,945	990	9,916	10,906	(7,152	)	1987
Sweetbriar	Millsboro	DE	—		498	1,527	—	889	498	2,416	2,914	(1,529	)	1998
Aspen Meadows	Rehoboth	DE	—		1,148	3,460	—	723	1,148	4,183	5,331	(2,920	)	1998
Camelot Meadows	Rehoboth	DE	—		527	2,058	1,251	4,711	1,778	6,769	8,547	(4,583	)	1998
Riverside RV	Arcadia	FL	—		8,400	11,905	—	471	8,400	12,376	20,776	(2,578	)	2016
Toby’s	Arcadia	FL	(3,379	)	1,093	3,280	—	694	1,093	3,974	5,067	(1,991	)	2003
Sunshine Key	Big Pine Key	FL	—		5,273	15,822	—	15,892	5,273	31,714	36,987	(10,455	)	2004
Manatee	Bradenton	FL	—		2,300	6,903	—	1,314	2,300	8,217	10,517	(4,134	)	2004
Windmill Manor	Bradenton	FL	(12,521	)	2,153	6,125	—	2,239	2,153	8,364	10,517	(5,549	)	1998
Clover Leaf Farms	Brooksville	FL	(32,947	)	13,684	24,106	—	2,882	13,684	26,988	40,672	(8,195	)	2011
Clover Leaf Forest	Brooksville	FL	—		1,092	2,178	—	335	1,092	2,513	3,605	(674	)	2011
Glen Ellen	Clearwater	FL	—		619	1,882	—	361	619	2,243	2,862	(1,228	)	2002
Hillcrest	Clearwater	FL	—		1,278	3,928	—	1,572	1,278	5,500	6,778	(3,761	)	1998
Holiday Ranch	Clearwater	FL	—		925	2,866	—	702	925	3,568	4,493	(2,397	)	1998
Serendipity	Clearwater	FL	(17,238	)	18,944	11,782	—	855	18,944	12,637	31,581	(2,774	)	2018
Shady Lane Oaks	Clearwater	FL	(5,068	)	4,984	8,482	—	497	4,984	8,979	13,963	(2,979	)	2011
Shady Lane Village	Clearwater	FL	—		3,102	5,480	—	310	3,102	5,790	8,892	(1,919	)	2011
Silk Oak	Clearwater	FL	—		1,649	5,028	—	531	1,649	5,559	7,208	(3,014	)	2002
Clerbrook	Clermont	FL	—		3,883	11,700	—	2,548	3,883	14,248	18,131	(6,200	)	2006
Lake Magic	Clermont	FL	—		1,595	4,793	—	1,360	1,595	6,153	7,748	(3,016	)	2004
Orange Lake	Clermont	FL	(4,680	)	4,303	6,815	—	906	4,303	7,721	12,024	(2,468	)	2011
Orlando	Clermont	FL	—		2,975	7,017	40	10,107	3,015	17,124	20,139	(5,197	)	2004
Crystal Isles	Crystal River	FL	—		926	2,787	10	3,392	936	6,179	7,115	(2,363	)	2004
Cheron Village	Davie	FL	(4,981	)	10,393	6,217	—	287	10,393	6,504	16,897	(2,438	)	2011
Carriage Cove	Daytona Beach	FL	(16,939	)	2,914	8,682	—	2,261	2,914	10,943	13,857	(7,325	)	1998
Lake Haven	Dunedin	FL	(14,067	)	1,135	4,047	—	4,191	1,135	8,238	9,373	(6,103	)	1983
Coquina Crossing	Elkton	FL	(29,110	)	5,274	5,545	—	19,589	5,274	25,134	30,408	(13,003	)	1999
Colony Cove	Ellenton	FL	(99,816	)	28,660	92,457	35,859	16,383	64,519	108,840	173,359	(31,932	)	2011
Ridgewood Estates	Ellenton	FL	—		8,769	8,791	—	602	8,769	9,393	18,162	(3,078	)	2011
Haselton Village	Eustis	FL	—		3,800	8,955	—	665	3,800	9,620	13,420	(2,971	)	2011
Southern Palms	Eustis	FL	—		2,169	5,884	—	4,129	2,169	10,013	12,182	(6,450	)	1998
Bulow Plantation	Flagler Beach	FL	—		3,637	949	—	7,288	3,637	8,237	11,874	(5,029	)	1994



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Bulow Village RV	Flagler Beach	FL	—		—	228	—	2,212	—	2,440	2,440	(942	)	1994
Carefree Cove	Fort Lauderdale	FL	—		1,741	5,170	—	859	1,741	6,029	7,770	(3,024	)	2004
Everglades Lakes	Fort Lauderdale	FL	—		53,850	18,797	—	529	53,850	19,326	73,176	(1,646	)	2018
Park City West	Fort Lauderdale	FL	—		4,184	12,561	—	1,337	4,184	13,898	18,082	(7,141	)	2004
Sunshine Holiday RV	Fort Lauderdale	FL	(9,494	)	3,099	9,286	—	1,754	3,099	11,040	14,139	(5,282	)	2004
Crystal Lakes-Fort Myers	Fort Myers	FL	—		1,047	—	712	1,027	1,759	1,027	2,786	(2	)	2018
Fort Myers Beach Resort	Fort Myers	FL	—		1,188	3,548	—	739	1,188	4,287	5,475	(2,242	)	2004
Gulf Air Resort	Fort Myers Beach	FL	(6,165	)	1,609	4,746	—	774	1,609	5,520	7,129	(2,804	)	2004
Lakeside Terrace	Fruitland Park	FL	—		3,275	7,165	—	651	3,275	7,816	11,091	(2,447	)	2011
Grand Island	Grand Island	FL	—		1,723	5,208	125	5,841	1,848	11,049	12,897	(5,650	)	2001
Holiday Travel Park	Holiday	FL	—		9,240	13,284	—	784	9,240	14,068	23,308	(2,867	)	2018
Barrington Hills	Hudson	FL	(4,412	)	1,145	3,437	—	1,037	1,145	4,474	5,619	(2,236	)	2004
Sherwood Forest	Kissimmee	FL	—		4,852	14,596	—	7,597	4,852	22,193	27,045	(14,319	)	1998
Sherwood Forest RV	Kissimmee	FL	—		2,870	3,621	567	3,849	3,437	7,470	10,907	(4,563	)	1998
Tropical Palms	Kissimmee	FL	—		5,677	17,116	—	12,438	5,677	29,554	35,231	(14,123	)	2004
Lake Worth Village	Lake Worth	FL	(4,855	)	14,959	24,501	—	3,657	14,959	28,158	43,117	(8,839	)	2011
Beacon Hill Colony	Lakeland	FL	—		3,775	6,405	—	398	3,775	6,803	10,578	(2,112	)	2011
Beacon Terrace	Lakeland	FL	(10,006	)	5,372	9,153	—	667	5,372	9,820	15,192	(3,134	)	2011
Kings & Queens	Lakeland	FL	—		1,696	3,064	—	241	1,696	3,305	5,001	(1,079	)	2011
Lakeland Harbor	Lakeland	FL	(14,705	)	10,446	17,376	—	726	10,446	18,102	28,548	(5,763	)	2011
Lakeland Junction	Lakeland	FL	(3,551	)	3,018	4,752	—	204	3,018	4,956	7,974	(1,636	)	2011
Maralago Cay	Lantana	FL	(39,877	)	5,325	15,420	—	6,372	5,325	21,792	27,117	(14,740	)	1997
Down Yonder	Largo	FL	—		2,652	7,981	—	1,477	2,652	9,458	12,110	(5,079	)	1998
East Bay Oaks	Largo	FL	(9,369	)	1,240	3,322	—	1,794	1,240	5,116	6,356	(4,158	)	1983
Eldorado Village	Largo	FL	(6,259	)	778	2,341	—	1,973	778	4,314	5,092	(3,042	)	1983
Paradise Park- Largo	Largo	FL	(5,541	)	3,523	4,026	—	550	3,523	4,576	8,099	(983	)	2017
Shangri La	Largo	FL	—		1,722	5,200	—	386	1,722	5,586	7,308	(2,888	)	2004
Vacation Village	Largo	FL	(4,533	)	1,315	3,946	—	894	1,315	4,840	6,155	(2,346	)	2004
Whispering Pines - Largo	Largo	FL	—		8,218	14,054	—	1,081	8,218	15,135	23,353	(4,791	)	2011
Coachwood	Leesburg	FL	—		1,602	4,822	—	1,197	1,602	6,019	7,621	(2,833	)	2004
Mid-Florida Lakes	Leesburg	FL	(61,180	)	5,997	20,635	—	13,712	5,997	34,347	40,344	(23,680	)	1994
Fiesta Key	Long Key	FL	—		16,611	7,338	—	10,403	16,611	17,741	34,352	(2,496	)	2013
Pasco	Lutz	FL	(3,868	)	1,494	4,484	—	1,334	1,494	5,818	7,312	(2,769	)	2004
Coral Cay Plantation	Margate	FL	(19,868	)	5,890	20,211	—	9,048	5,890	29,259	35,149	(22,132	)	1994



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)			Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land		Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Lakewood Village	Melbourne	FL	—		1,862	5,627	—		2,559	1,862	8,186	10,048	(6,004	)	1994
Miami Everglades	Miami	FL	—		5,362	6,238	—		853	5,362	7,091	12,453	(1,873	)	2015
Southernaire	Mt. Dora	FL	—		796	2,395	—		476	796	2,871	3,667	(1,361	)	2004
Loggerhead Marinas (11 properties)	Multiple	FL	—		80,819	81,387	—		247	80,819	81,634	162,453	(2,094	)	2019
Country Place ⁽²⁾	New Port Richey	FL	(19,341	)	663	—	18		8,199	681	8,199	8,880	(6,398	)	1986
Hacienda Village	New Port Richey	FL	(16,757	)	4,297	13,088	—		3,755	4,297	16,843	21,140	(8,717	)	2002
Harbor View	New Port Richey	FL	(18,047	)	4,030	12,146	—		1,250	4,030	13,396	17,426	(7,280	)	2002
Bay Lake Estates	Nokomis	FL	(11,363	)	990	3,390	—		2,518	990	5,908	6,898	(3,998	)	1994
Lake Village	Nokomis	FL	(15,796	)	15,850	18,099	—		622	15,850	18,721	34,571	(5,998	)	2011
Royal Coachman	Nokomis	FL	(10,725	)	5,321	15,978	—		1,863	5,321	17,841	23,162	(9,297	)	2004
Buccaneer	North Fort Myers	FL	—		4,207	14,410	—		4,777	4,207	19,187	23,394	(14,188	)	1994
Island Vista	North Fort Myers	FL	—		5,004	15,066	—		4,351	5,004	19,417	24,421	(7,174	)	2006
Lake Fairways	North Fort Myers	FL	(38,775	)	6,075	18,134	35		4,066	6,110	22,200	28,310	(17,095	)	1994
Pine Lakes	North Fort Myers	FL	—		6,306	14,579	1,768		10,027	8,074	24,606	32,680	(17,752	)	1994
Pioneer Village	North Fort Myers	FL	(13,421	)	4,116	12,353	—		2,867	4,116	15,220	19,336	(7,673	)	2004
Sunseekers	North Fort Myers	FL	—		4,224	2,299	—		1,014	4,224	3,313	7,537	(332	)	2018
The Heritage	North Fort Myers	FL	—		1,438	4,371	346		5,056	1,784	9,427	11,211	(6,752	)	1993
Windmill Village	North Fort Myers	FL	—		1,417	5,440	—		4,172	1,417	9,612	11,029	(7,124	)	1983
Foxwood	Ocala	FL	—		3,853	7,967	—		2,052	3,853	10,019	13,872	(2,979	)	2011
Oak Bend	Ocala	FL	—		850	2,572	—		2,986	850	5,558	6,408	(3,220	)	1993
Villas at Spanish Oaks	Ocala	FL	—		2,250	6,922	—		2,894	2,250	9,816	12,066	(7,220	)	1993
Silver Dollar	Odessa	FL	—		4,107	12,431	7,103		3,490	11,210	15,921	27,131	(7,933	)	2004
Audubon	Orlando	FL	—		4,622	7,200	—		685	4,622	7,885	12,507	(2,524	)	2011
Hidden Valley	Orlando	FL	(8,152	)	11,398	12,861	—		884	11,398	13,745	25,143	(4,441	)	2011
Starlight Ranch	Orlando	FL	(32,875	)	13,543	20,388	—		2,792	13,543	23,180	36,723	(7,382	)	2011
Holiday Village	Ormond Beach	FL	—		2,610	7,837	—		1,390	2,610	9,227	11,837	(4,819	)	2002
Sunshine Holiday MH	Ormond Beach	FL	—		2,001	6,004	—		1,016	2,001	7,020	9,021	(3,677	)	2004
The Meadows	Palm Beach Gardens	FL	—		3,229	9,870	—		7,103	3,229	16,973	20,202	(9,302	)	1999
Terra Ceia	Palmetto	FL	—		965	2,905	—		492	965	3,397	4,362	(1,700	)	2004
Lakes at Countrywood	Plant City	FL	(8,913	)	2,377	7,085	—		3,111	2,377	10,196	12,573	(5,549	)	2001
Meadows at Countrywood	Plant City	FL	(19,604	)	4,514	13,175	75		11,161	4,589	24,336	28,925	(14,782	)	1998
Oaks at Countrywood	Plant City	FL	(3,653	)	846	2,513	(75	)	2,085	771	4,598	5,369	(2,437	)	1998
Breezy Hill RV	Pompano Beach	FL	(18,010	)	5,424	16,555	—		2,721	5,424	19,276	24,700	(10,619	)	2002
Highland Wood RV	Pompano Beach	FL	—		1,043	3,130	42		487	1,085	3,617	4,702	(1,990	)	2002



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Harbor Lakes	Port Charlotte	FL	(17,871	)	3,384	10,154	—	1,347	3,384	11,501	14,885	(5,838	)	2004
Lighthouse Pointe	Port Orange	FL	—		2,446	7,483	23	2,330	2,469	9,813	12,282	(6,499	)	1998
Pickwick	Port Orange	FL	(17,721	)	2,803	8,870	—	3,144	2,803	12,014	14,817	(7,356	)	1998
Rose Bay	Port Orange	FL	—		3,866	3,528	—	563	3,866	4,091	7,957	(1,576	)	2016
Emerald Lake	Punta Gorda	FL	(4,331	)	3,598	5,197	—	504	3,598	5,701	9,299	(1,836	)	2011
Gulf View	Punta Gorda	FL	—		717	2,158	—	1,452	717	3,610	4,327	(1,866	)	2004
Tropical Palms	Punta Gorda	FL	—		2,365	7,286	—	3,252	2,365	10,538	12,903	(3,892	)	2006
Kingswood	Riverview	FL	—		9,094	8,365	—	932	9,094	9,297	18,391	(1,746	)	2018
Palm Lake	Riviera Beach	FL	—		56,323	27,418	—	1,223	56,323	28,641	84,964	(4,100	)	2018
Indian Oaks	Rockledge	FL	—		1,089	3,376	—	1,353	1,089	4,729	5,818	(3,173	)	1998
Space Coast	Rockledge	FL	—		2,413	3,716	—	1,477	2,413	5,193	7,606	(955	)	2014
Covington Estates	Saint Cloud	FL	(9,216	)	3,319	7,253	—	249	3,319	7,502	10,821	(2,462	)	2011
Winds of St. Armands North	Sarasota	FL	(24,367	)	1,523	5,063	—	3,814	1,523	8,877	10,400	(7,240	)	1983
Winds of St. Armands South	Sarasota	FL	(15,884	)	1,106	3,162	1,744	1,817	2,850	4,979	7,829	(4,016	)	1983
Topics	Spring Hill	FL	(2,296	)	844	2,568	—	803	844	3,371	4,215	(1,652	)	2004
Pine Island Resort	St. James City	FL	—		1,678	5,044	—	1,490	1,678	6,534	8,212	(2,473	)	2007
Carefree Village	Tampa	FL	—		6,799	10,421	—	995	6,799	11,416	18,215	(3,735	)	2011
Tarpon Glen	Tarpon Springs	FL	—		2,678	4,016	—	610	2,678	4,626	7,304	(1,485	)	2011
Featherock	Valrico	FL	—		11,369	22,770	—	1,269	11,369	24,039	35,408	(7,328	)	2011
Bay Indies	Venice	FL	(62,866	)	10,483	31,559	10	8,138	10,493	39,697	50,190	(31,048	)	1994
Ramblers Rest	Venice	FL	—		4,646	14,201	—	8,189	4,646	22,390	27,036	(8,562	)	2006
Countryside	Vero Beach	FL	—		3,711	11,133	—	8,725	3,711	19,858	23,569	(12,509	)	1998
Heritage Plantation	Vero Beach	FL	—		2,403	7,259	—	3,292	2,403	10,551	12,954	(7,744	)	1994
Heron Cay	Vero Beach	FL	(28,325	)	14,368	23,792	—	1,976	14,368	25,768	40,136	(7,989	)	2011
Holiday Village	Vero Beach	FL	—		350	1,374	—	235	350	1,609	1,959	(1,153	)	1998
Sunshine Travel	Vero Beach	FL	—		1,603	4,813	—	1,175	1,603	5,988	7,591	(2,818	)	2004
Vero Palm	Vero Beach	FL	(11,370	)	6,697	9,025	—	1,279	6,697	10,304	17,001	(3,118	)	2011
Village Green	Vero Beach	FL	(48,250	)	15,901	25,175	—	2,387	15,901	27,562	43,463	(8,891	)	2011
Peace River	Wauchula	FL	—		900	2,100	—	1,850	900	3,950	4,850	(1,365	)	2006
Palm Beach Colony	West Palm Beach	FL	(10,992	)	5,930	10,113	8	942	5,938	11,055	16,993	(3,542	)	2011
Parkwood Communities	Wildwood	FL	(8,748	)	6,990	15,115	—	1,249	6,990	16,364	23,354	(5,203	)	2011
Three Flags RV Resort	Wildwood	FL	—		228	684	—	594	228	1,278	1,506	(551	)	2006
Winter Garden	Winter Garden	FL	—		2,321	6,962	—	1,127	2,321	8,089	10,410	(3,170	)	2007
Crystal Lake-Zephyrhills	Zephyrhills	FL	—		3,767	6,834	194	9,080	3,961	15,914	19,875	(2,661	)	2011



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Forest Lake Estates	Zephyrhills	FL	(19,894	)	40,716	33,918	1,048	1,316	41,764	35,234	76,998	(9,318	)	2016
Forest Lake Village	Zephyrhills	FL	—		—	537	—	195	—	732	732	(118	)	2016
Sixth Avenue	Zephyrhills	FL	—		837	2,518	—	146	837	2,664	3,501	(1,389	)	2004
Coach Royale	Boise	ID	—		465	1,685	—	358	465	2,043	2,508	(608	)	2011
Maple Grove	Boise	ID	—		1,358	5,151	—	594	1,358	5,745	7,103	(1,838	)	2011
Shenandoah Estates	Boise	ID	—		1,287	7,603	—	467	1,287	8,070	9,357	(2,428	)	2011
West Meadow Estates	Boise	ID	(7,475	)	1,371	6,770	—	253	1,371	7,023	8,394	(2,223	)	2011
O'Connell's	Amboy	IL	(3,482	)	1,648	4,974	—	2,815	1,648	7,789	9,437	(3,442	)	2004
Pheasant Lake Estates	Beecher	IL	(40,062	)	12,764	42,183	—	1,050	12,764	43,233	55,997	(10,512	)	2013
Pine Country	Belvidere	IL	—		53	166	—	2,376	53	2,542	2,595	(357	)	2006
Willow Lake Estates	Elgin	IL	—		6,138	21,033	—	10,099	6,138	31,132	37,270	(21,724	)	1994
Golf Vistas Estates	Monee	IL	(10,484	)	2,842	4,719	—	8,062	2,842	12,781	15,623	(7,812	)	1997
Indian Lakes	Batesville	IN	—		450	1,061	6	5,197	456	6,258	6,714	(1,525	)	2004
Horseshoe Lake	Clinton	IN	—		155	365	2	685	157	1,050	1,207	(406	)	2004
Twin Mills RV	Howe	IN	—		1,399	4,186	—	590	1,399	4,776	6,175	(2,029	)	2006
Lakeside	New Carlisle	IN	—		426	1,281	—	246	426	1,527	1,953	(761	)	2004
Diamond Caverns Resort & Golf Club	Park City	KY	—		530	1,512	—	469	530	1,981	2,511	(870	)	2006
Gateway to Cape Cod	Rochester	MA	—		91	288	—	383	91	671	762	(297	)	2006
Hillcrest	Rockland	MA	(1,701	)	2,034	3,182	—	167	2,034	3,349	5,383	(1,100	)	2011
The Glen	Rockland	MA	—		940	1,680	—	15	940	1,695	2,635	(569	)	2011
Old Chatham RV	South Dennis	MA	(6,766	)	1,760	5,293	—	521	1,760	5,814	7,574	(2,645	)	2005
Sturbridge	Sturbridge	MA	—		110	347	—	782	110	1,129	1,239	(383	)	2006
Fernwood	Capitol Heights	MD	(12,890	)	6,556	11,674	—	1,168	6,556	12,842	19,398	(3,998	)	2011
Williams Estates and Peppermint Woods	Middle River	MD	—		22,774	42,575	—	1,627	22,774	44,202	66,976	(14,069	)	2011
Mt. Desert Narrows	Bar Harbor	ME	—		1,037	3,127	—	486	1,037	3,613	4,650	(1,405	)	2007
Patton Pond	Ellsworth	ME	—		267	802	—	203	267	1,005	1,272	(411	)	2007
Pinehirst RV Park	Old Orchard Beach	ME	(10,363	)	1,942	5,827	—	2,571	1,942	8,398	10,340	(3,412	)	2005
Narrows Too	Trenton	ME	—		1,451	4,408	—	301	1,451	4,709	6,160	(1,860	)	2007
Moody Beach	Wells	ME	—		93	292	—	1,615	93	1,907	2,000	(332	)	2006
Bear Cave Resort	Buchanan	MI	—		176	516	—	551	176	1,067	1,243	(355	)	2006
St. Clair	St. Clair	MI	—		453	1,068	6	742	459	1,810	2,269	(784	)	2004
Cedar Knolls	Apple Valley	MN	(14,398	)	10,021	14,357	—	1,731	10,021	16,088	26,109	(5,157	)	2011
Cimarron Park	Lake Elmo	MN	(19,202	)	11,097	23,132	—	2,965	11,097	26,097	37,194	(7,904	)	2011



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Rockford Riverview Estates	Rockford	MN	—		2,959	8,882	—	1,007	2,959	9,889	12,848	(3,100	)	2011
Rosemount Woods	Rosemount	MN	—		4,314	8,932	—	555	4,314	9,487	13,801	(2,996	)	2011
Forest Lake	Advance	NC	—		986	2,325	13	1,354	999	3,679	4,678	(1,548	)	2004
Scenic	Asheville	NC	—		1,183	3,511	—	705	1,183	4,216	5,399	(1,745	)	2006
Waterway RV	Cedar Point	NC	(5,140	)	2,392	7,185	—	948	2,392	8,133	10,525	(4,054	)	2004
Twin Lakes	Chocowinity	NC	—		1,709	3,361	—	2,023	1,709	5,384	7,093	(2,114	)	2004
Green Mountain Park	Lenoir	NC	—		1,037	3,075	—	2,333	1,037	5,408	6,445	(1,755	)	2006
Lake Gaston	Littleton	NC	—		130	409	—	1,865	130	2,274	2,404	(443	)	2006
Lake Myers RV	Mocksville	NC	—		1,504	4,587	—	907	1,504	5,494	6,998	(2,275	)	2006
Bogue Pines	Newport	NC	—		1,476	2,592	—	106	1,476	2,698	4,174	(627	)	2015
Goose Creek	Newport	NC	(14,317	)	4,612	13,848	750	2,667	5,362	16,515	21,877	(8,274	)	2004
Whispering Pines - NC	Newport	NC	—		3,096	5,081	1	329	3,097	5,410	8,507	(1,175	)	2015
White Oak Shores	Stella	NC	—		5,089	15,416	—	14	5,089	15,430	20,519	(1,186	)	2019
Buena Vista	Fargo	ND	—		4,563	14,949	—	1,191	4,563	16,140	20,703	(5,010	)	2011
Meadow Park	Fargo	ND	—		943	2,907	—	354	943	3,261	4,204	(1,047	)	2011
Sandy Beach RV	Contoocook	NH	—		1,755	5,265	—	263	1,755	5,528	7,283	(2,654	)	2005
Pine Acres	Raymond	NH	—		3,096	2,102	—	446	3,096	2,548	5,644	(764	)	2014
Tuxbury Resort	South Hampton	NH	—		3,557	3,910	—	1,224	3,557	5,134	8,691	(1,914	)	2007
King Nummy	Cape May Court House	NJ	—		4,027	3,584	—	40	4,027	3,624	7,651	(878	)	2018
Mays Landing	Mays Landing	NJ	—		536	289	—	1,041	536	1,330	1,866	(191	)	2014
Echo Farms	Ocean View	NJ	—		2,840	3,045	—	2,134	2,840	5,179	8,019	(1,000	)	2014
Lake & Shore	Ocean View	NJ	—		378	1,192	—	2,193	378	3,385	3,763	(1,438	)	2006
Chestnut Lake	Port Republic	NJ	—		337	796	5	1,240	342	2,036	2,378	(710	)	2004
Sea Pines	Swainton	NJ	—		198	625	—	3,988	198	4,613	4,811	(854	)	2006
Pine Ridge at Crestwood	Whiting	NJ	—		17,367	33,127	—	4,229	17,367	37,356	54,723	(11,285	)	2011
Mountain View - NV	Henderson	NV	(28,109	)	16,665	25,915	—	744	16,665	26,659	43,324	(8,467	)	2011
Bonanza	Las Vegas	NV	—		908	2,643	—	2,108	908	4,751	5,659	(3,848	)	1983
Boulder Cascade	Las Vegas	NV	(7,374	)	2,995	9,020	—	3,230	2,995	12,250	15,245	(8,164	)	1998
Cabana	Las Vegas	NV	(8,183	)	2,648	7,989	—	1,385	2,648	9,374	12,022	(7,389	)	1994
Flamingo West	Las Vegas	NV	—		1,730	5,266	—	2,070	1,730	7,336	9,066	(5,666	)	1994
Las Vegas	Las Vegas	NV	—		1,049	2,473	14	1,561	1,063	4,034	5,097	(1,582	)	2004
Villa Borega	Las Vegas	NV	—		2,896	8,774	—	1,718	2,896	10,492	13,388	(7,313	)	1997
Rondout Valley Resort	Accord	NY	—		1,115	3,240	—	1,341	1,115	4,581	5,696	(1,769	)	2006



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Alpine Lake	Corinth	NY	—		4,783	14,125	153	3,274	4,936	17,399	22,335	(7,550	)	2005
Lake George Escape	Lake George	NY	—		3,562	10,708	—	5,350	3,562	16,058	19,620	(6,509	)	2005
The Woodlands	Lockport	NY	(43,734	)	12,183	39,687	—	4,079	12,183	43,766	55,949	(13,206	)	2011
Greenwood Village	Manorville	NY	—		3,667	9,414	484	6,809	4,151	16,223	20,374	(10,042	)	1998
Brennan Beach	Pulaski	NY	—		7,325	21,141	—	6,272	7,325	27,413	34,738	(12,163	)	2005
Lake George Schroon Valley	Warrensburg	NY	—		540	1,626	—	396	540	2,022	2,562	(735	)	2008
Kenisee Lake	Jefferson	OH	—		295	696	4	423	299	1,119	1,418	(475	)	2004
Wilmington	Wilmington	OH	—		235	555	3	621	238	1,176	1,414	(434	)	2004
Bend	Bend	OR	—		733	1,729	10	2,296	743	4,025	4,768	(1,337	)	2004
Shadowbrook	Clackamas	OR	—		1,197	3,693	—	704	1,197	4,397	5,594	(3,105	)	1997
Pacific City	Cloverdale	OR	—		1,076	2,539	15	1,976	1,091	4,515	5,606	(2,039	)	2004
Falcon Wood Village	Eugene	OR	—		1,112	3,426	—	817	1,112	4,243	5,355	(2,933	)	1997
Portland Fairview	Fairview	OR	—		7,330	10,278	—	459	7,330	10,737	18,067	(2,456	)	2016
Quail Hollow	Fairview	OR	—		—	3,249	—	758	—	4,007	4,007	(2,800	)	1997
South Jetty	Florence	OR	—		678	1,598	9	1,470	687	3,068	3,755	(1,087	)	2004
Seaside	Seaside	OR	—		891	2,101	12	1,022	903	3,123	4,026	(1,457	)	2004
Whalers Rest	South Beach	OR	—		754	1,777	10	973	764	2,750	3,514	(1,255	)	2004
Mt. Hood	Welches	OR	—		1,817	5,733	—	6,717	1,817	12,450	14,267	(4,011	)	2002
Greenbriar Village	Bath	PA	—		8,359	16,941	—	698	8,359	17,639	25,998	(5,477	)	2011
Sun Valley	Bowmansville	PA	—		866	2,601	—	1,113	866	3,714	4,580	(1,170	)	2009
Green Acres	Breinigsville	PA	(36,699	)	2,680	7,479	—	5,798	2,680	13,277	15,957	(10,376	)	1988
Gettysburg Farm	Dover	PA	—		111	350	—	730	111	1,080	1,191	(297	)	2006
Timothy Lake North	East Stroudsburg	PA	—		296	933	—	793	296	1,726	2,022	(626	)	2006
Timothy Lake South	East Stroudsburg	PA	—		206	649	—	233	206	882	1,088	(357	)	2006
Drummer Boy	Gettysburg	PA	(10,906	)	1,884	20,342	—	113	1,884	20,455	22,339	(1,817	)	2019
Round Top	Gettysburg	PA	(7,817	)	1,214	11,355	—	279	1,214	11,634	12,848	(1,463	)	2019
Circle M	Lancaster	PA	—		330	1,041	—	1,657	330	2,698	3,028	(944	)	2006
Hershey	Lebanon	PA	—		1,284	3,028	17	2,189	1,301	5,217	6,518	(2,275	)	2004
Robin Hill	Lenhartsville	PA	—		1,263	3,786	—	617	1,263	4,403	5,666	(1,555	)	2009
Dutch County	Manheim	PA	—		88	278	—	412	88	690	778	(221	)	2006
Spring Gulch	New Holland	PA	—		1,593	4,795	—	1,027	1,593	5,822	7,415	(2,917	)	2004
Lil Wolf	Orefield	PA	—		5,627	13,593	—	3,006	5,627	16,599	22,226	(4,684	)	2011
Scotrun	Scotrun	PA	—		153	483	—	771	153	1,254	1,407	(335	)	2006
Appalachian	Shartlesville	PA	—		1,666	5,044	—	919	1,666	5,963	7,629	(2,495	)	2006



					Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances		Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total ⁽³⁾	Accumulated Depreciation		Date of Acquisition
Mountain View - PA	Walnutport	PA	—		3,207	7,182	—	683	3,207	7,865	11,072	(2,416	)	2011
Timber Creek	Westerly	RI	—		12,618	8,489	—	97	12,618	8,586	21,204	(1,985	)	2018
Carolina Landing	Fair Play	SC	—		457	1,078	6	655	463	1,733	2,196	(745	)	2004
Inlet Oaks	Murrells Inlet	SC	—		1,546	4,642	—	326	1,546	4,968	6,514	(2,215	)	2006
The Oaks at Point South	Yemassee	SC	—		267	810	—	282	267	1,092	1,359	(434	)	2006
Natchez Trace	Hohenwald	TN	—		533	1,257	7	1,388	540	2,645	3,185	(1,054	)	2004
Cherokee Landing	Saulsbury	TN	—		118	279	2	202	120	481	601	(216	)	2004
Alamo Palms Resort	Alamo	TX	(6,000	)	1,562	7,924	—	402	1,562	8,326	9,888	(2,603	)	2012
Bay Landing	Bridgeport	TX	—		438	1,033	6	1,894	444	2,927	3,371	(853	)	2004
Colorado River	Columbus	TX	—		466	1,099	6	1,124	472	2,223	2,695	(779	)	2004
Victoria Palms Resort	Donna	TX	(10,151	)	2,849	12,305	—	2,212	2,849	14,517	17,366	(4,685	)	2012
Lake Texoma	Gordonville	TX	—		488	1,151	6	1,826	494	2,977	3,471	(1,290	)	2004
Lakewood RV	Harlingen	TX	—		325	979	—	486	325	1,465	1,790	(711	)	2004
Paradise Park RV	Harlingen	TX	—		1,568	4,705	—	1,294	1,568	5,999	7,567	(2,972	)	2004
Sunshine RV	Harlingen	TX	—		1,494	4,484	—	1,859	1,494	6,343	7,837	(3,036	)	2004
Tropic Winds	Harlingen	TX	—		1,221	3,809	—	914	1,221	4,723	5,944	(2,588	)	2002
Medina Lake	Lakehills	TX	—		936	2,208	13	1,645	949	3,853	4,802	(1,702	)	2004
Paradise South	Mercedes	TX	—		448	1,345	—	679	448	2,024	2,472	(933	)	2004
Lake Tawakoni	Point	TX	—		35	2,320	—	667	35	2,987	3,022	(1,389	)	2004
Fun n Sun RV	San Benito	TX	(5,745	)	2,533	5,560	412	7,039	2,945	12,599	15,544	(8,272	)	1998
Country Sunshine	Weslaco	TX	—		627	1,881	—	1,220	627	3,101	3,728	(1,545	)	2004
Southern Comfort	Weslaco	TX	(4,301	)	1,108	3,323	—	704	1,108	4,027	5,135	(2,044	)	2004
Lake Whitney	Whitney	TX	—		679	1,602	10	1,619	689	3,221	3,910	(1,253	)	2004
Lake Conroe	Willis	TX	—		1,363	3,214	18	15,736	1,381	18,950	20,331	(3,672	)	2004
Westwood Village	Farr West	UT	—		1,346	4,179	—	2,570	1,346	6,749	8,095	(4,445	)	1997
St. George	Hurricane	UT	—		64	264	2	651	66	915	981	(255	)	2010
All Seasons	Salt Lake City	UT	—		510	1,623	—	756	510	2,379	2,889	(1,570	)	1997
Meadows of Chantilly	Chantilly	VA	(40,355	)	5,430	16,440	—	8,318	5,430	24,758	30,188	(18,166	)	1994
Harbor View	Colonial Beach	VA	—		64	202	—	832	64	1,034	1,098	(319	)	2006
Lynchburg	Gladys	VA	—		266	627	3	700	269	1,327	1,596	(484	)	2004
Chesapeake Bay	Gloucester	VA	—		1,230	2,900	16	2,891	1,246	5,791	7,037	(2,380	)	2004
Virginia Landing	Quinby	VA	—		602	1,419	8	434	610	1,853	2,463	(897	)	2004
Grey's Point	Topping	VA	(22,423	)	33,491	17,104	—	1,100	33,491	18,204	51,695	(3,759	)	2017
Bethpage	Urbanna	VA	(37,426	)	45,415	38,149	—	861	45,415	39,010	84,425	(6,099	)	2017



						Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)					Gross Amount Carried at 12/31/19
Real Estate ⁽¹⁾	Location		Encumbrances			Land		Depreciable Property		Land			Depreciable Property		Land		Depreciable Property		Total ⁽³⁾		Accumulated Depreciation			Date of Acquisition
Williamsburg	Williamsburg	VA	—			111		350		—			531		111		881		992		(290		)	2006
Regency Lakes	Winchester	VA	(8,914		)	9,757		19,055		—			1,974		9,757		21,029		30,786		(6,532		)	2011
Birch Bay	Blaine	WA	—			502		1,185		7			389		509		1,574		2,083		(706		)	2004
Mount Vernon	Bow	WA	—			621		1,464		8			2,090		629		3,554		4,183		(1,247		)	2004
Chehalis	Chehalis	WA	—			590		1,392		8			2,800		598		4,192		4,790		(1,262		)	2004
Grandy Creek	Concrete	WA	—			475		1,425		—			558		475		1,983		2,458		(745		)	2008
Tall Chief	Fall City	WA	—			314		946		—			675		314		1,621		1,935		(566		)	2010
Kloshe Illahee	Federal Way	WA	(19,640		)	2,408		7,286		—			1,002		2,408		8,288		10,696		(5,931		)	1997
La Conner	La Conner	WA	—			—		2,016		—			1,454		—		3,470		3,470		(1,740		)	2004
Leavenworth	Leavenworth	WA	—			786		1,853		10			1,128		796		2,981		3,777		(1,330		)	2004
Thunderbird	Monroe	WA	—			500		1,178		6			586		506		1,764		2,270		(773		)	2004
Little Diamond	Newport	WA	—			353		834		5			1,109		358		1,943		2,301		(750		)	2004
Oceana	Oceana City	WA	—			283		668		4			525		287		1,193		1,480		(428		)	2004
Crescent Bar	Quincy	WA	—			314		741		4			625		318		1,366		1,684		(618		)	2004
Long Beach	Seaview	WA	—			321		758		5			524		326		1,282		1,608		(549		)	2004
Paradise	Silver Creek	WA	—			466		1,099		6			843		472		1,942		2,414		(797		)	2004
Rainbow Lake Manor	Bristol	WI	—			4,474		16,594		—			1,072		4,474		17,666		22,140		(4,298		)	2013
Fremont	Fremont	WI	—			1,437		4,296		—			1,160		1,437		5,456		6,893		(2,683		)	2004
Yukon Trails	Lyndon Station	WI	—			556		1,629		—			263		556		1,892		2,448		(953		)	2004
Blackhawk	Milton	WI	—			1,789		7,613		—			815		1,789		8,428		10,217		(1,833		)	2014
Lakeland	Milton	WI	—			3,159		13,830		—			1,041		3,159		14,871		18,030		(3,212		)	2014
Westwood Estates	Pleasant Prairie	WI	—			5,382		19,732		—			2,041		5,382		21,773		27,155		(5,200		)	2013
Plymouth Rock	Plymouth	WI	—			2,293		6,879		—			1,669		2,293		8,548		10,841		(2,826		)	2009
Tranquil Timbers	Sturgeon Bay	WI	—			714		2,152		—			825		714		2,977		3,691		(1,197		)	2006
Lake of the Woods	Wautoma	WI	—			1,333		2,238		—			119		1,333		2,357		3,690		(601		)	2019
Neshonoc Lakeside	West Salem	WI	(4,960		)	1,106		4,861		(1		)	274		1,105		5,135		6,240		(1,132		)	2013
Arrowhead	Wisconsin Dells	WI	—			522		1,616		—			764		522		2,380		2,902		(948		)	2006
Subtotal of Properties Held for Long Term			(2,049,509		)	1,468,261		2,927,716		53,698			927,769		1,521,959		3,855,485		5,377,444		(1,693,593		)
Realty Systems, Inc.			—			—		—		—			328,829		—		328,829		328,829		(59,485		)	2002
Management business and other			—			3,448		578		—			32,750		3,448		33,328		36,776		(23,146		)
			$	(2,049,509	)	$	1,471,709	$	2,928,294	$	53,698		$	1,289,348	$	1,525,407	$	4,217,642	$	5,743,049	$	(1,776,224	)

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