Ryan Dennison | SVP of Capital Markets & IR |
Bill Bayless | Chief Executive Officer |
Jim Hopke | President |
William Talbot | Chief Investment Officer |
Daniel Perry | Chief Financial Officer |
Jennifer Beese | Chief Operating Officer |
Kim Voss | Chief Accounting Officer |
Alexander Goldfarb | Sandler O'Neill |
Nick Joseph | Citi |
Austin Wurschmidt | KeyBanc Capital |
Juan Sanabria | Bank of America |
Drew Babin | Robert W. Baird & Company |
Vincent Chao | Deutsche Bank |
John Pawlowski | Green Street Advisors |
Good day everyone, and welcome to the American Campus Communities 2018 First Quarter Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation there will be an opportunity to ask questions. [Operator Instructions].