[SCHEDULE 13G/A] EQUITY LIFESTYLE PROPERTIES INC SEC Filing

Rhea-AI Filing Summary

Aristotle Capital Management, LLC filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 9,387,812 shares (4.84%) of Equity LifeStyle Properties, Inc. (ELS) as of 09/30/2025.

The firm reports sole voting power: 9,387,812 and sole dispositive power: 9,387,812 shares, with no shared power. The shares are owned by various investment advisory clients; Aristotle is deemed a beneficial owner due to discretionary authority. The certification states the holdings are in the ordinary course and not for the purpose of changing or influencing control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

EQUITY LIFESTYLE PROPERTIES INC.

(Name of Issuer)

Common Stock, $0.01 Par Value

(Title of Class of Securities)

29472R108

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 29472R108

1

Names of Reporting Persons

Aristotle Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,387,812.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,387,812.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,387,812.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.84 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EQUITY LIFESTYLE PROPERTIES INC.
(b)	Address of issuer's principal executive offices: TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO, IL, 60606
Item 2.
(a)	Name of person filing: Aristotle Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 11100 SANTA MONICA BLVD, SUITE 1700, LOS ANGELES, CA, 90025
(c)	Citizenship: California
(d)	Title of class of securities: Common Stock, $0.01 Par Value
(e)	CUSIP No.: 29472R108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9,387,812
(b)	Percent of class: 4.84%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9,387,812
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 9,387,812
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. All of the shares of Common Stock set forth in Item 4 are owned by various investment advisory clients of Aristotle Capital Management, LLC, which is deemed to be a beneficial owner of those shares pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, due to its discretionary power to make investment decisions over such shares for its clients and/or its ability to vote such shares. In all cases, persons other than Aristotle Capital Management, LLC have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not applicable.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not applicable.
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Aristotle Capital Management, LLC

Signature:	/s/ Michelle M. Gosom
Name/Title:	Michelle M. Gosom, Chief Compliance Officer
Date:	11/14/2025

FAQ

What stake in ELS did Aristotle Capital report in this 13G/A?

It reported 9,387,812 shares, representing 4.84% of Equity LifeStyle Properties’ common stock.

Does Aristotle Capital have voting and dispositive power over the ELS shares?

Yes. Sole voting power: 9,387,812; sole dispositive power: 9,387,812; no shared power.

Is the filing characterized as passive or active?

The certification states the securities were acquired and are held in the ordinary course and not to change or influence control, indicating a passive filing.

Whose accounts hold the reported ELS shares?

They are held by various investment advisory clients of Aristotle Capital; Aristotle is deemed beneficial owner due to discretionary authority.

What is the date of the event requiring this filing?

The stated date of event is 09/30/2025.

What is the CUSIP and class of securities for ELS in this filing?

Class: Common Stock, $0.01 par value. CUSIP: 29472R108.

What type of reporting person is Aristotle Capital in this filing?

It is classified as IA (investment adviser).