Equity LifeStyle To Raise $344M

Equity LifeStyle Propertiesis looking to issue 5,250,000 new shares of common stock. The real estate company is likely to raise $343.9 million if the underwriters’ option to purchase additional shares is fully exercised.

The proceeds will be used to pay for the acquisition of a portfolio located in Florida and the northeastern region of U.S. and certain other assets.Goldman Sachs,BofA Merrill Lynch,Morgan Stanley,RBC Capital MarketsandWells Fargo Securitieswill be the book-runners for the offering.

Click here for the release fromEquity LifeStyle Properties.