Exhibit 12

Equity LifeStyle Properties, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	2011		2010		2009		2008		2007
Income from continuing operations before allocation to minority interests	$	42,504	$	60,628	$	51,395	$	38,566	$	43,622
Fixed Charges		102,469		107,291		114,454		115,574		119,210
Earnings	$	144,972	$	167,919	$	165,847	$	154,140	$	162,832
Interest incurred		96,253		88,750		95,740		96,606		100,206
Amortization of deferred financing costs and other		3,415		2,401		2,571		2,824		2,864
Perpetual Preferred OP unit Distributions		2,801		16,140		16,143		16,144		16,140
Fixed Charges	$	102,469	$	107,291	$	114,454	$	115,574	$	119,210
Earnings/Fixed Charges		1.41		1.57		1.45		1.33		1.37