<SEC-DOCUMENT>0001193125-21-140690.txt : 20210429
<SEC-HEADER>0001193125-21-140690.hdr.sgml : 20210429
<ACCEPTANCE-DATETIME>20210429164829
ACCESSION NUMBER:		0001193125-21-140690
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210429
DATE AS OF CHANGE:		20210429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUITY LIFESTYLE PROPERTIES INC
		CENTRAL INDEX KEY:			0000895417
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				363857664
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-240201
		FILM NUMBER:		21871541

	BUSINESS ADDRESS:	
		STREET 1:		TWO N RIVERSIDE PLZ
		STREET 2:		STE 800
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3122791400

	MAIL ADDRESS:	
		STREET 1:		TWO N RIVERSIDE PLAZE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MANUFACTURED HOME COMMUNITIES INC
		DATE OF NAME CHANGE:	19940218
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>d146918d424b3.htm
<DESCRIPTION>424B3
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SUPPLEMENT</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>(To Prospectus Supplement
dated July&nbsp;30, 2020)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed pursuant to Rule 424(b)(3)</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration Statement <FONT STYLE="white-space:nowrap">No.&nbsp;333-240201</FONT></B></P></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>$200,000,000 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>EQUITY LIFESTYLE PROPERTIES, INC. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>In this
supplement, references to &#147;we,&#148; &#147;our,&#148; and &#147;us&#148; refer to Equity Lifestyle Properties, Inc. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
supplement (the &#147;Supplement&#148;) amends the Prospectus Supplement dated July&nbsp;30, 2020 (the &#147;Prospectus Supplement&#148; and together with the Prospectus dated July&nbsp;30, 2020, the &#147;Prospectus&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Capitalized terms used but not defined in this Supplement have the meanings given to such terms in the Prospectus Supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>This Supplement amends the Prospectus Supplement solely as follows: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The first paragraph under &#147;PLAN OF DISTRIBUTION&#148; on page <FONT STYLE="white-space:nowrap">S-11</FONT> of the Prospectus Supplement is replaced in
its entirety with the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;We have entered into separate equity distribution agreements, each dated as of July&nbsp;30, 2020,
as amended on April&nbsp;29, 2021, with each of Morgan Stanley&nbsp;&amp; Co. LLC, BofA Securities, Inc., Goldman Sachs&nbsp;&amp; Co. LLC, Truist Securities, Inc. (f/k/a Sun Trust Robinson Humphrey, Inc.) and Wells Fargo Securities, LLC, or the
sales agents, under which we may from time to time offer and sell common stock having an aggregate offering price of up to $200,000,000. Sales of shares of our common stock, if any, under this prospectus supplement and the accompanying prospectus
may be made in negotiated transactions or transactions that are deemed to be &#147;at the market&#148; offerings, including sales made directly on the NYSE or sales made to or through a market maker other than on an exchange.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the paragraph under &#147;LEGAL MATTERS&#148; on page <FONT STYLE="white-space:nowrap">S-13</FONT> of the Prospectus Supplement is replaced in
its entirety with the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;The validity of the shares of common stock offered by this prospectus supplement will be passed
upon for us by Morrison&nbsp;&amp; Foerster LLP, New York, New York. Certain matters with respect to certain U.S. federal income tax matters, will be passed upon for us by Clifford Chance US LLP, New York, New York. Sidley Austin LLP, New York, New
York will act as counsel to the sales agents.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as expressly set forth herein, no other changes to the Prospectus Supplement
are being made by this Supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You should read this Supplement in conjunction with the Prospectus and the documents incorporated and
deemed to be incorporated by reference therein. See &#147;INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE&#148; on page <FONT STYLE="white-space:nowrap">S-14</FONT> of the Prospectus Supplement. This Supplement is not complete and may not be
delivered or used except in conjunction with the Prospectus. This Supplement is qualified by reference to the Prospectus, except to the extent that the information provided by this Supplement supersedes information contained in the Prospectus
Supplement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The date of this Supplement is April&nbsp;29, 2021. </B></P>
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