Equity LifeStyle Properties (ELS) is acquiring a portfolio of 76 manufactured home communities, located mainly in Florida and the northeastern U.S. from Hometown America. The lifestyle oriented properties owner and operator will pay a total of about $1.43 billion for the acquisition.

The transaction will be funded through a stock offering, the assumption of $524.3 million of mortgage debt, the issuance of equity to the seller and about $500 million of debt that Equity LifeStyle seeks to obtain after the share sale is completed. Goldman Sachs is the company’s financial adviser on the deal.

Click here for the release from Business Wire.