CHICAGO--(BUSINESS WIRE)--March 2, 2005--Equity LifeStyle Properties, Inc. (NYSE:ELS) today announced that its Board of Directors declared a dividend of 2.5 cents per share, representing, on an annualized basis, a dividend of $0.10 per share. The dividend will be paid on April 8, 2005 to shareholders of record on March 25, 2005.

The forward-looking statements contained in this news release are subject to certain risks and uncertainties including, but not limited to, the Company's ability to maintain rental rates and occupancy with respect to properties currently owned or pending acquisitions; the Company's 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 the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Equity LifeStyle Properties, Inc. owns or has an interest in 275 quality communities in 25 states and British Columbia consisting of 101,232 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, 312-279-1496

    SOURCE: Equity LifeStyle Properties, Inc.