BusinessWire reports that on August 1, 2011 Equity LifeStyle Properties, Inc. (NYSE:ELS), closed on 16 more properties in the acquisitions from Hometown America. The purchase price on those properties is approximately $436 million. As previously reported on MHMSM.com, on July 1, 2011 the Company closed on 35 of the acquisition properties. ELS is the largest portfolio operator of its kind in the manufactured home land lease community business. As of August 1, 2011, ELS owns or has an interest in 358 properties in 32 states and British Columbia consisting of 130,891 sites.

(photo credit: stock image from Wikimedia Commons)