Chicago-based real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (NYSE:ELS) announces its board of directors has declared a two-for-one split of the company’s common stock. The stock dividend will be payable July 15, 2013 to shareholders of record as of July 5, 2013. According to wsj.com, the number of outstanding shares will rise from 41,700,000 to 83,400,000, and operating partnership units will increase from 3,700,000. As MHProNews knows, ELS is the largest owner of manufactured housing communities in North America with 383 communities comprising 142,682 sites.

(Photo credit: Equity LifeStyle Properties, Inc.–Lake Haven, Clearwater, Fla.)