CHICAGO--(BUSINESS WIRE)--Jan. 13, 2006--Equity LifeStyle Properties, Inc. (NYSE:ELS) today announced the tax treatment of its 2005 dividend distributions of $0.10 per common share (CUSIP No. 29472R108) as follows:

                                                Ordinary
      Record       Payable      Distribution     Taxable
       Date          Date        Per Share      Dividend
      3/25/05       4/8/05         $0.025        $0.025
      6/24/05       7/8/05         $0.025        $0.025
      9/30/05     10/14/05         $0.025        $0.025
     12/30/05      1/13/06         $0.025        $0.025
     TOTALS                        $0.100        $0.100

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Equity LifeStyle Properties, Inc. dividends.

This news 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", "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: in the age-qualified communities, home sales results could be impacted by the ability of potential homebuyers to sell their existing residences as well as by financial markets volatility; in the all-age communities, 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; our ability to maintain rental rates and occupancy with respect to properties currently owned or pending acquisitions; our assumptions about rental and home sales markets; the completion of pending acquisitions and timing with respect thereto; the effect of interest rates as well as 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 285 quality properties in 28 states and British Columbia consisting of 106,337 sites. The Company is a self-administered, self-managed, real estate investment trust (REIT) with headquarters in Chicago.

CONTACT: Equity LifeStyle Properties, Inc.
Michael Berman, 800-247-5279

SOURCE: Equity LifeStyle Properties, Inc.