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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                           Date of Report: May 5, 2005
                        (Date of earliest event reported)

                        EQUITY LIFESTYLE PROPERTIES, INC.
             (Exact name of registrant as specified in its charter)


MARYLAND                               1-11718            36-3857664
(State or other jurisdiction of        (Commission        (IRS Employer
incorporation or organization)         File No.)          Identification Number)

TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS              60606
(Address of principal executive offices)                  (Zip Code)

                                 (312) 279-1400
              (Registrant's telephone number, including area code)


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     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_|  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
          (17 CFR 240.14a-12)

     |_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))

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ITEM 7.01      REGULATION FD DISCLOSURE.

In accordance with General Instruction B.2. of Form 8-K, the following
information shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended. Equity
LifeStyle Properties, Inc. (the "Company") disclaims any intention or obligation
to update or revise this information.

Attached as Exhibit 99.1 and incorporated herein by reference is a copy of the
Company's press release dated May 5, 2005, announcing its presentation at the
2nd Annual Maxcor REIT Conference on Monday May 9, 2005. The Company's
presentation will begin at 9:45 a.m. Eastern time/8:45 a.m. Central time. The
presentation can be heard by dial-in only. To listen, dial-in #1-888-398-1687
and the passcode is `Maxcor.' A replay will also be available starting one hour
after the session for one week by dialing 1-866-497-7581.

ITEM 9.01      FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits:

EXHIBIT NO.    DESCRIPTION
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99.1           Press release dated May 5, 2005






                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        EQUITY LIFESTYLE PROPERTIES, INC.

                                        By:     /s/ Michael B. Berman
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                                             Michael B. Berman
                                             Vice President, Treasurer and Chief
                                             Financial Officer

Date:  May 6, 2005