Exhibit 12.1

Equity LifeStyle Properties, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges
(Dollars in thousands)
(unaudited)

	Three
	Months
	Ended
	March 31,
	2009		2008		2007		2006		2005		2004
Consolidated income from continuing operations	$	20,365	$	38,566	$	43,622	$	36,844	$	7,306	$	14,287
Combined Fixed Charges		28,583		115,574		119,210		119,299		114,686		102,218
Earnings	$	48,948	$	154,140	$	162,832	$	156,143	$	121,992	$	116,505
Interest incurred		23,895		96,606		100,206		100,404		97,894		88,985
Amortization of deferred financing costs		655		2,824		2,864		2,757		2,818		2,169
Perpetual Preferred OP unit Distributions		4,033		16,144		16,140		16,138		13,974		11,248
Combined Fixed Charges	$	28,583	$	115,574	$	119,210	$	119,299	$	114,686	$	102,402
Earnings/ Combined Fixed Charges		1.71		1.33		1.37		1.31		1.06		1.14