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Paul Hastings Representing Equity LifeStyle Properties in $1.43 Billion Real Estate Portfolio Acquisition

June 01, 2011

Chicago, IL
(June 1, 2011) - Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it is representing Equity LifeStyle Properties, Inc. in connection with the company entering into purchase and other agreements with certain affiliates of Hometown America, L.L.C. to acquire a portfolio of 76 manufactured home communities located in 16 states and certain manufactured homes and loans secured by manufactured homes, for a stated purchase price of $1.43 billion.

In addition, Paul Hastings represented Equity LifeStyle Properties in connection with the negotiation and closing of an unsecured line of credit for $380 million.

The Paul Hastings real estate team included Real Estate partners Daniel Perlman, Greg Spitzer, Brad Ritter, Mitch Menzer and of counsel Jeff Rheeling. The corporate finance team included Finance partner Louis Hernandez.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies.