Houlihan Capital Serves as a Financial Advisor to Equity Lifestyle Properties, Inc.; Renders Fairness Opinion

Houlihan Capital, a leading boutique professional financial services firm, served as an independent financial advisor to the Board of Directors of Equity Lifestyle Properties, Inc. (NYSE:ELS) and rendered a fairness opinion in connection with an exchange offer for its existing Series A Preferred Stock.

For additional information, please contact Paul Clark at pclark@houlihan.com or 312.450.8656.

About Equity LifeStyle Properties, Inc.

Equity LifeStyle Properties, Inc. (NYSE: ELS) is a fully integrated owner and operator of lifestyle-oriented properties and owns or has an interest, as of September 10, 2012, in 382 quality properties in 32 states and British Columbia consisting of 141,077 sites. The Company is a self-administered, self-managed, real estate investment trust (REIT) with headquarters in Chicago.

About Houlihan Capital

Houlihan Capital is a leading boutique professional financial services firm. Its Valuation and Financial Advisory Group offers portfolio valuation, transaction opinions and a variety of consulting services. The firm’s Investment Banking Group offers sell/buy side advisory, private placement, capital raises and secondary market advisory services. Houlihan Capital has offices in Chicago, New York and Los Angeles, and serves a myriad of clients in a wide array of industries, through an integrated advisory approach that draws upon strategic and technical expertise, industry knowledge, transactional and financing experience, and an expansive network of institutional and private investors to guide management teams and investors. Visit www.houlihancapital.com to learn more.

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