EQUITY LIFESTYLE PROPERTIES INC [ELS] - appoints Patrick Waite as CEO
Effective October 30, 2026, Patrick Waite has been appointed Chief Executive Officer of ELS, succeeding Marguerite Nader, who served in the role for 13 years.
Why this matters
Equity Lifestyle Properties Inc, a Maryland-incorporated real estate investment trust, is a fully integrated owner of lifestyle-oriented properties, managing 453 properties with 173,623 sites across the United States as of September 30, 2026. The company has announced a planned leadership transition effective January 1, 2027, with Patrick Waite being promoted to President and Chief Executive Officer, succeeding Marguerite Nader, who has served as CEO for 13 years and will transition to the role of Executive Vice Chair of the Board of Directors. Patrick Waite, who has been with ELS since 2013 and most recently served as President and Chief Operating Officer, brings extensive experience in manufactured housing from his previous roles at American Residential Communities, Riverside Communities, and Continental Communities. This succession plan underscores ELS's tradition of leadership continuity, with the outgoing CEO continuing to support the company in her new role.