Equity LifeStyle Properties Sets Leadership Transition, Nader to Become Executive Vice Chair

Equity LifeStyle Properties Inc. announced a leadership transition effective January 1, 2027, the company said in a news release.

Marguerite Nader, who has served as Chief Executive Officer for 13 years, has been elected Executive Vice Chair of the Board of Directors. Patrick Waite has been promoted to President and Chief Executive Officer, and David Eldersveld has been promoted to Executive Vice President, Chief Operating Officer and Chief Legal Officer.

Thomas Heneghan, Chairman of the Board, said Waite's operating experience, including his leadership across acquisitions and operations, prepares him to lead the company. He said Eldersveld's institutional knowledge, cross-functional experience and judgment qualify him for his expanded role.

Waite has held senior leadership roles at the company since 2013, most recently as President and Chief Operating Officer, after a decade as Executive Vice President and Chief Operating Officer. He previously worked in manufactured housing at American Residential Communities, Riverside Communities and Continental Communities.

Eldersveld has held senior leadership roles at the company since 2015 and currently serves as Executive Vice President, Chief Legal Officer, overseeing asset management, human resources, the law department and risk management. In his expanded role, he will also oversee operations, led by Brett Hattel, who will be promoted to Executive Vice President, Operations effective January 1, 2027.

The transition is part of the company's multi-year succession plan led by its Board of Directors. Effective January 1, 2027, the size of the Board will be increased by one director, and Waite will be elected to fill the vacancy.

The company is a self-administered, self-managed real estate investment trust headquartered in Chicago that owns or has an interest in 453 properties located predominantly in the United States, consisting of 173,623 sites as of September 30, 2026.

Finazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 30, 2026