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Stock Market & Financial Investment News

News Breaks
December 28, 2012
17:25 EDTELSEquity Lifestyle acquires two properties for $25M
Today Equity LifeStyle Properties acquired two properties, Victoria Palms Resort and Alamo Palms, in the Rio Grande Valley, TX. The two properties contain approximately 1,765 sites on approximately 175 acres for a stated purchase price of $25.0M. The company funded the purchase price with available cash.
News For ELS From The Last 14 Days
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December 12, 2014
07:17 EDTELSEquity Lifestyle to obtain $395M in new mortgage loans
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December 7, 2014
12:16 EDTELSEquity Lifestyle announces that court grants relief in California lawsuit
Equity Lifestyle said in a press release the following: "Equity LifeStyle Properties announces that, in the California Superior Court for Santa Clara County, Case No. 109CV140751, involving our California Hawaiian property, the Court has ruled on our post-trial motions and granted us a new trial on the issue of damages while upholding the juryís determination of liability. As grounds for the ruling, the Court cited excessive damages and insufficiency of the evidence to support the verdict as to the amount of damages awarded by the jury. The Courtís ruling overturns the April 2014 verdicts of $15.3M in compensatory damages and $95.8M in punitive damages. We intend to continue to vigorously defend ourselves in the litigation."

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