Jeffrey Sprain | EVP, General Counsel & Corporate Secretary |
Daniel DuPree | Chairman & CEO |
Leonard Silverstein | Co-Founder, Vice Chairman, President & COO |
Jeff Sherman | EVP, Multifamily Business Unit |
Paul Cullen | EVP & CMO |
Joel Murphy | CEO & President, New Market Properties LLC |
Boone DuPree | CEO, Preferred Office Properties |
John Isakson | CFO & EVP |
James Lykins | D.A. Davidson & Co. |
Ian Gaule | SunTrust Robinson Humphrey |
John Benda | National Securities Corporation |
Good morning, ladies and gentlemen, and welcome to the Preferred Apartment Communities' Second Quarter Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would like to now turn the conference over to Jeff Sprain, Executive Vice President and General Counsel. Please go ahead.