Edgar Filing: ZELL GENERAL PARTNERSHIP INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â SZJT Holdings, L.L.C.

2. Date of Event Requiring Statement (Month/Day/Year)
10/20/2010

3. Issuer Name and Ticker or Trading Symbol
EQUITY LIFESTYLE PROPERTIES INC [ELS]

(Last)

(First)

(Middle)

2 N. RIVERSIDE PLAZA,Â SUITE 600

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Member of 10% owner group

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

CHICAGO,Â ILÂ 60606

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	98,271 ⁽³⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	98,271 ⁽⁴⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	98,274 ⁽⁵⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	32,140 ⁽⁶⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	149,985 ⁽⁷⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	149,985 ⁽⁸⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	149,984 ⁽⁹⁾	$ 0	D	Â
OP unit in MHC Operating LP ⁽¹⁾	03/03/1993	Â ⁽²⁾	Common Stock	12,033 ⁽¹⁰⁾	$ 0	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SZJT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
SZKT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
SZMT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
ZFTGT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
ZFTJT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
ZFTKT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
ZFTMT Holdings, L.L.C. 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group
ZELL GENERAL PARTNERSHIP INC 2 N. RIVERSIDE PLAZA SUITE 600 CHICAGO,Â ILÂ 60606	Â	Â	Â	Member of 10% owner group

Signatures

By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date
By: /s/ Philip G. Tinkler, Vice President		12/22/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Each OP Unit in MHC Operating Partnership LP may be exchanged, at the election of the holder, at no cost for one share of Common Stock of the Issuer.
(2)	There is no expiration date on the OP Units.
(3)	Held by SZJT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai Trust Company, LLC ("Chai") is the trustee.
(4)	Held by SZKT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai is the trustee.
(5)	Held by SZMT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai is the trustee.
(6)	Held by ZFTGT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai is the trustee.
(7)	Held by ZFTJT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai is the trustee.
(8)	Held by ZFTKT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai is the trustee.
(9)	Held by ZFTMT Holdings, L.L.C. whose sole member is a trust for the benefit of members of the Samuel Zell family for which Chai is the trustee.
(10)	Held by Zell General Partnership, Inc. whose sole stockholder is Sam Investment Trust for which Chai is the trustee.

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