Equity LifeStyle Properties names Patrick Waite as next CEO
Equity LifeStyle Properties will make Patrick Waite CEO from January 1, 2027, while Marguerite Nader becomes Executive Vice Chair, per TradingView and Reuters.
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what happened
Equity LifeStyle Properties (ELS) said on October 27, 2026 that its leadership will change effective January 1, 2027. TradingView, citing a PRNewswire release, carried the announcement, and Reuters reported the same move.
Marguerite Nader, who has led the company as chief executive for 13 years, will become Executive Vice Chair of the Board of Directors. Patrick Waite will be promoted to President and Chief Executive Officer. David Eldersveld moves up to Executive Vice President, Chief Operating Officer and Chief Legal Officer, and will take on oversight of operations, which Brett Hattel will run as Executive Vice President, Operations.
Waite will also join the Board, which will gain one seat. The company describes the change as part of a multi-year succession plan overseen by its Board.
why it matters
For investors, this is a planned management handover. As of September 30, 2026, the company owned or held interests in 453 properties with 173,623 sites, mostly in the United States. The release contains no financial figures, so no direct effect on the share price is visible in the text, but REIT investors typically watch management continuity closely.
tags
instruments
sources
- ELS Announces Leadership Transition — TradingView, 27 October 2026 at 20:53 UTC
- ElS Announces Leadership Transition — Reuters, 27 October 2026 at 21:40 UTC
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