Jason Reilley | Vice President, Investor Relations |
Timothy Naughton | Chairman and CEO |
Sean Breslin | Chief Operating Officer |
Matthew Birenbaum | Chief Investment Officer |
Kevin O'Shea | Chief Financial Officer |
Nick Joseph | Citi |
Rich Hightower | Evercore ISI |
Juan Sanabria | Bank of America Merrill Lynch |
Austin Wurschmidt | KeyBanc Capital Markets |
Dennis McGill | Zelman & Associates |
Vincent Chao | Deutsche Bank |
Drew Babin | Robert W. Baird |
Conor Wagner | Green Street Advisors |
Rich Hill | Morgan Stanley |
John Kim | BMO Capital Markets |
Alexander Goldfarb | Sandler O'Neill |
Good morning ladies and gentlemen and welcome to the AvalonBay Communities' Fourth Quarter 2017 Earnings Conference. At this time, all participants are in a listen-only mode.
Following remarks by the company, we will conduct a question-and-answer session. [Operator Instructions].
As a reminder, today’s call is being recorded and now it’s my pleasure to turn the conference over to Mr.