Equity LifeStyle names Patrick Waite as its new chief executive
Equity LifeStyle Properties promoted Patrick Waite to CEO while Marguerite Nader becomes executive vice chair. Shares closed 2.57% lower.
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what happened
Equity LifeStyle Properties (ELS), a real estate investment trust, announced on Tuesday that Patrick Waite has been promoted to chief executive officer and president. He was previously chief operating officer and has held senior roles at the company since 2013. Marguerite Nader will move to the position of executive vice chair of the board of directors.
To fill the role Waite leaves behind, the company named its chief legal officer, David Eldersveld, as chief operating officer and executive vice president. Eldersveld has held senior leadership positions at ELS since 2015. The information comes from TradingView, citing RTTNews and dpa-AFX.
why it matters
Leadership changes at a REIT usually affect the share price only indirectly, so this is a routine story. On the day of the announcement, ELS shares closed at $59.49, down 2.57% on the New York Stock Exchange.
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- Equity LifeStyle Promotes Patrick Waite To CEO As Marguerite Nader Becomes Exec. Vice Chair — TradingView, 28 October 2026 at 05:49 UTC
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