Equity LifeStyle Properties, Inc. (NYSE:ELS) Q1 2024 Earnings Call Transcript

But as I kind of pointed out, I think earlier in this call, there’s not a lot of leverage on these assets that we’re interested in. So that discussion falls a little flat on the — to the owners who haven’t put their — put a lot of debt on their property. So the movement in the rates isn’t as big of a concern for them, but certainly is something that we look at. So, our acquisition department is very focused on continuing the conversations that we’ve had with the owners that we’ve had for a long time now, and we’ll continue to do that. But we have seen times where there’s not a lot of activity and then all of a sudden there’s –you tend to see deals popping up. So, hopefully that is something that we’ll see this year.

John Pawlowski: Okay. Thank you for the time.

Marguerite Nader: Thank you, John.

Operator: Since we have no more questions on the line, at this time I would like to turn it back over to Marguerite Nader for closing comments.

Marguerite Nader: Thank you for joining us today. We look forward to updating you on the second quarter call. Take care.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.