|Kathy MacDonald||SVP of IR|
|Cindy Baier||President, CEO & Director|
|Steve Swain||Executive VP & CFO|
|Joanna Gajuk||Bank of America|
|Frank Morgan||RBC Capital Markets|
Good morning, ladies and gentlemen. My name is Dexter, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Brookdale Senior Living's First Quarter Earnings Release Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session.