|Kathy MacDonald||SVP of IR|
|Cindy Baier||President, CEO & Director|
|Steve Swain||Executive VP & CFO|
|Frank Morgan||RBC Capital Markets|
|Joanna Gajuk||Bank of America|
Good morning, ladies and gentlemen. My name is Paul, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Brookdale Senior Living's fourth quarter earnings release call. [Operator Instructions] As a reminder, this conference will be recorded for replay purposes. I would now like to turn the call over to Ms.