Equity LifeStyle Properties Inc. announced that CEO Thomas Heneghan is “reasonably likely” to accept the position of CEO of sister company Equity International with an appropriate period for transitioning through February 2013.
According to a news release, succession planning has been a continuous topic of discussion among board members, and it has “great confidence? in the company’s current president Marguerite Nader, a 20-year veteran of the company.
Equity LifeStyle Properties owns or has an interest in 382 properties in 32 states and British Columbia consisting of 141,077 sites. The company is a real estate investment trust (REIT) with headquarters in Chicago.