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Get ELS alertsPatrick Waite is recorded as Board Member and CEO at Equity Lifestyle Properties Inc (ELS) since January 1, 2027 and COO at Equity Lifestyle Properties Inc (ELS). Equity Lifestyle Properties Inc reported in an 8-K filed October 30, 2026 that Patrick Waite was appointed member of the Board of Directors, effective January 1, 2027. Equity Lifestyle Properties Inc reported in an 8-K filed October 30, 2026 that Patrick Waite was appointed President and Chief Executive Officer, effective January 1, 2027. Equity Lifestyle Properties Inc reported in an 8-K filed May 2, 2025 that Patrick Waite was appointed President, effective April 29, 2025. The proxy statement of Equity Lifestyle Properties Inc reports total compensation of $2,893,576 for Patrick Waite in fiscal 2025, including a base salary of $450,141. Disclosed compensation is on record for 7 fiscal years. Patrick Waite has spoken on 26 earnings calls and 1 other investor event across 1 company, most recently for Equity Lifestyle Properties Inc on October 21, 2026. Equity Lifestyle Properties Inc is classified in the REIT - Residential industry within the Real Estate sector. Other leadership on record at Equity Lifestyle Properties Inc includes Marguerite Nader (Chairman), David Eldersveld (COO and General Counsel), Caroline Karp (Chief Accounting Officer) and 3 others.
“On October 27, 2026, the Board increased the size of the Board by one director from nine to ten directors and elected Mr. Waite to fill the vacancy created by the increase in the number of directors, in each case effective January 1, 2027.”
“The Board appointed, effective January 1, 2027, (i) Mr. Waite as President and Chief Executive Officer, in which capacity he will serve as our principal executive officer, and (ii) David Eldersveld, our Executive Vice President, Chief Legal Officer and Corporate Secretary, as Executive Vice President, Chief Operating Officer, Chief Legal Officer and Corporate Secretary, in which capacity he will serve as our principal operating officer.”
“We wrapped up a busy summer season in the third quarter, and soon will turn our focus to welcoming snowbirds in the Sun Belt. In the quarter, we increased MH occupancy by nearly 100 sites.”
“Stable annual revenue streams from MH residents, RV and Marina annual guests, and Thousand Trail members have always been the focus of our business, accounting for more than 90% of our core revenue.”
“We're in the middle of our seasonal shift with our Snowbird customers heading back to northern climates and our northern properties gearing up for the summer season.”
“Our new home sales on an annualized basis right now are running at about 500. That was considered a good number pre-COVID, 500 to 600 new home sales.”
“I'll start with some color on our MH business, and then address our long-term RV business. In 2025, these revenue streams totaled more than $1 billion. Over the last five years, their combined revenue CAGR was 5.9%, continuing to support our history of consistent property and ally growth since our IPO in 1993.”
2027-01-01–present
2027-01-01–present
2025-04-29–present
REIT - Residential · Real Estate
COO, Board Member, CEO
2025-04-29–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Equity Lifestyle Properties Inc (ELS) | President and Chief Operating Officer | $450,141 | $2,893,576 |
| 2024 | Equity Lifestyle Properties Inc (ELS) | Executive Vice President and Chief Operating Officer | $453,523 | $2,783,300 |
| 2023 | Equity Lifestyle Properties Inc (ELS) | Executive Vice President and Chief Operating Officer | $422,686 | $2,811,646 |
| 2022 | Equity Lifestyle Properties Inc (ELS) | Executive Vice President and Chief Operating Officer | $406,490 | $2,720,578 |
| 2021 | Equity Lifestyle Properties Inc (ELS) | Executive Vice President and Chief Operating Officer | $395,300 | $2,711,995 |
| 2020 | Equity Lifestyle Properties Inc (ELS) | Executive Vice President and Chief Operating Officer | $387,600 | $2,666,008 |
| 2019 | Equity Lifestyle Properties Inc (ELS) | Executive Vice President and Chief Operating Officer | $380,000 | $2,216,721 |
