THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Equity Lifestyle Properties, Inc. (ELS)

3/31/2006 Proxy Information

Howard Walker was Chief Executive Officer of Equity Lifestyle Properties from December 1997 to December 2003. Mr. Walker was President of Equity Lifestyle Properties from September 1997 to May 2000, and President of Realty Systems, Inc., an affiliate of Equity Lifestyle Properties, from March 1995 to April 2000. Mr. Walker was a Vice President of Equity Lifestyle Properties from January 1995 to March 1995.

The Company occupies office space in a building owned by an affiliate of EGI, an entity controlled by Mr. Zell, at Two North Riverside Plaza, Chicago, Illinois 60606. Amounts incurred for rental of this office space totaled approximately $465,000 for the year ended December 31, 2005. No amounts were due to this affiliate as of December 31, 2005.

The independent members of the Board, excluding Mr. Zell, have reviewed and approved the rates charged by the EGI affiliate in connection with the lease of the Company’s office space.