Equity LifeStyle Properties, Inc. Names Marguerite Nader as Vice Chairman and Promotes Patrick Waite to President
Equity LifeStyle Properties announced key leadership changes, naming Marguerite Nader as Vice Chairman while maintaining her CEO position, and promoting Patrick Waite to President while keeping his COO role, effective immediately.
Waite brings extensive industry experience, having served as Executive VP and COO since 2015. His background includes senior positions at American Residential Communities and Riverside Communities. He previously co-founded Continental Communities and served as ELS's Director of Acquisitions from 1993 to 1997.
The company, headquartered in Chicago, operates as a real estate investment trust managing 455 lifestyle-oriented properties across the United States, encompassing 173,340 sites as of April 21, 2025. Board Chairman Thomas Heneghan emphasized the depth of experience within ELS's leadership team, highlighting their success in delivering REIT-leading results and building a strong corporate culture.
Equity LifeStyle Properties ha annunciato importanti cambiamenti nella leadership, nominando Marguerite Nader Vice Presidente mantenendo al contempo il suo ruolo di CEO, e promuovendo Patrick Waite a Presidente pur conservando la sua posizione di COO, con effetto immediato.
Waite vanta una vasta esperienza nel settore, essendo stato Executive VP e COO dal 2015. Il suo percorso include ruoli dirigenziali presso American Residential Communities e Riverside Communities. In precedenza ha co-fondato Continental Communities e ha ricoperto il ruolo di Direttore delle Acquisizioni di ELS dal 1993 al 1997.
L'azienda, con sede a Chicago, opera come fondo di investimento immobiliare (REIT) gestendo 455 proprietà orientate allo stile di vita negli Stati Uniti, con un totale di 173.340 unità al 21 aprile 2025. Il Presidente del Consiglio, Thomas Heneghan, ha sottolineato la profonda esperienza del team dirigente di ELS, evidenziando il loro successo nel conseguire risultati di primo piano nel settore REIT e nel costruire una solida cultura aziendale.
Equity LifeStyle Properties anunció cambios clave en su liderazgo, nombrando a Marguerite Nader como Vicepresidenta mientras mantiene su cargo de CEO, y promoviendo a Patrick Waite a Presidente conservando su rol de COO, con efecto inmediato.
Waite aporta una amplia experiencia en la industria, habiendo sido Vicepresidente Ejecutivo y COO desde 2015. Su trayectoria incluye cargos senior en American Residential Communities y Riverside Communities. Anteriormente cofundó Continental Communities y fue Director de Adquisiciones de ELS de 1993 a 1997.
La compañía, con sede en Chicago, opera como un fideicomiso de inversión inmobiliaria (REIT) que administra 455 propiedades orientadas al estilo de vida en Estados Unidos, abarcando 173,340 sitios al 21 de abril de 2025. El presidente del consejo, Thomas Heneghan, destacó la amplia experiencia del equipo directivo de ELS, resaltando su éxito en ofrecer resultados líderes en REIT y en construir una sólida cultura corporativa.
Equity LifeStyle Properties는 주요 리더십 변화를 발표하며, Marguerite Nader를 부회장으로 임명하는 동시에 CEO 직책을 유지하고, Patrick Waite를 사장으로 승진시키면서 COO 역할도 계속 맡게 했으며, 즉시 발효된다고 밝혔다.
Waite는 2015년부터 Executive VP 및 COO로 재직하며 폭넓은 업계 경험을 보유하고 있다. 그의 경력에는 American Residential Communities와 Riverside Communities에서의 고위직이 포함되어 있다. 그는 이전에 Continental Communities를 공동 설립했으며 1993년부터 1997년까지 ELS의 인수 담당 이사로 일했다.
본사가 시카고에 위치한 이 회사는 미국 전역에서 455개의 라이프스타일 지향 부동산을 관리하는 부동산 투자 신탁(REIT)으로, 2025년 4월 21일 기준 총 173,340개의 부지를 보유하고 있다. 이사회 의장 Thomas Heneghan은 ELS 리더십 팀의 풍부한 경험을 강조하며, REIT 선도 성과 달성과 강력한 기업 문화를 구축한 점을 부각시켰다.
Equity LifeStyle Properties a annoncé des changements clés dans sa direction, nommant Marguerite Nader vice-présidente tout en conservant son poste de PDG, et promouvant Patrick Waite au poste de président tout en maintenant son rôle de COO, avec effet immédiat.
Waite apporte une vaste expérience dans le secteur, ayant occupé les postes de vice-président exécutif et COO depuis 2015. Son parcours inclut des postes de direction chez American Residential Communities et Riverside Communities. Il a auparavant cofondé Continental Communities et a été directeur des acquisitions d’ELS de 1993 à 1997.
La société, dont le siège est à Chicago, opère en tant que fiducie de placement immobilier (REIT) gérant 455 propriétés orientées vers le style de vie à travers les États-Unis, comprenant 173 340 emplacements au 21 avril 2025. Le président du conseil d’administration, Thomas Heneghan, a souligné la grande expérience de l’équipe dirigeante d’ELS, mettant en avant leur succès à obtenir des résultats de premier plan dans le secteur des REIT et à bâtir une culture d’entreprise solide.
Equity LifeStyle Properties gab bedeutende Führungsänderungen bekannt und ernannte Marguerite Nader zur stellvertretenden Vorsitzenden, während sie ihre Position als CEO behält, und beförderte Patrick Waite zum Präsidenten, wobei er seine Rolle als COO beibehält, mit sofortiger Wirkung.
Waite bringt umfangreiche Branchenerfahrung mit, da er seit 2015 als Executive VP und COO tätig ist. Sein Hintergrund umfasst leitende Positionen bei American Residential Communities und Riverside Communities. Zuvor war er Mitbegründer von Continental Communities und von 1993 bis 1997 Direktor für Akquisitionen bei ELS.
Das Unternehmen mit Hauptsitz in Chicago agiert als Real Estate Investment Trust (REIT) und verwaltet 455 lifestyle-orientierte Immobilien in den Vereinigten Staaten, mit insgesamt 173.340 Standorten zum 21. April 2025. Vorstandsvorsitzender Thomas Heneghan betonte die umfassende Erfahrung des Führungsteams von ELS und hob deren Erfolg bei der Erzielung von branchenführenden REIT-Ergebnissen sowie beim Aufbau einer starken Unternehmenskultur hervor.
- Strategic leadership consolidation with Marguerite Nader as Vice Chairman while retaining CEO role
- Patrick Waite's promotion leverages his extensive industry experience and proven track record since 2015
- Company maintains strong market position with 455 properties and 173,340 sites across the US
- Demonstrated leadership continuity and internal succession planning
- Potential operational challenges due to inflationary environment and supply chain disruptions
- Exposure to seasonal employment risks and labor market challenges
- Vulnerability to revenue losses from unexpected events like storms
- Possible yield management challenges for short-term resort and marina sites
Mr. Waite has been Executive Vice President and Chief Operating Officer of the Company since January 2015. Prior to joining the Company in 2013, Mr. Waite was senior vice president of asset management at American Residential Communities, a private operator of manufactured housing communities, from January 2010 through January 2013. He was vice president of Riverside Communities, a manufactured home community affiliate of Helix Funds LLC, from August 2004 to January 2010. Mr. Waite co-founded Continental Communities, a private operator of manufactured home communities, and managed its acquisition program from 1997 to 2001. Mr. Waite was the Director of Acquisitions for the Company from 1993 to 1997.
Marguerite Nader, the Vice Chairman of the Board and our Chief Executive Officer, said, "Patrick has been instrumental to ELS' success. His expertise in operations, capital allocation, and extensive industry knowledge will be valuable as he steps into this new role."
Thomas Heneghan, the Chairman of the Board, said, "Today's announcement underscores the depth of experience within ELS' leadership team. Together, they have delivered REIT-leading results and built an extraordinary culture that drives our success, both of which are a tremendous source of pride for our Board."
This press 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," "project," "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 and may include, without limitation, information regarding our expectations, goals or intentions regarding the future, and the expected effect of our acquisitions. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement due to a number of factors, which include, but are not limited to the following: (i) the mix of site usage within the portfolio; (ii) yield management on our short-term resort and marina sites; (iii) scheduled or implemented rate increases on community, resort and marina sites; (iv) scheduled or implemented rate increases in annual payments under membership subscriptions; (v) occupancy changes; (vi) our ability to attract and retain membership customers; (vii) change in customer demand regarding travel and outdoor vacation destinations; (viii) our ability to manage expenses in an inflationary environment, including the impact of changes in tariffs, as well as costs associated with supply chain disruptions; (ix) changes in debt service and interest rates; (x) our ability to integrate and operate recent acquisitions in accordance with our estimates; (xi) our ability to execute expansion/development opportunities in the face of changes impacting the supply chain or labor markets; (xii) completion of pending transactions in their entirety and on assumed schedule; (xiii) our ability to attract and retain property employees, particularly seasonal employees; (xiv) ongoing legal matters and related fees; (xv) costs to clean up and restore property operations and potential revenue losses following storms or other unplanned events; and (xvi) the potential impact of material weaknesses, if any, in our internal control over financial reporting.
For further information on these and other factors that could impact us and the statements contained herein, refer to our filings with the Securities and Exchange Commission, including the "Risk Factors" and "Forward-Looking Statements" sections in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.
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. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.
We are a fully integrated owner of lifestyle-oriented properties and own or have an interest in 455 properties located predominantly in
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SOURCE Equity Lifestyle Properties, Inc.
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