Transcript
Operator
Executives Lenny Silverstein - President and COOJohn Williams - Chairman and CEOMike Cronin - Executive Vice President and CAODan DuPree - Vice Chairman and Chief Investment Officer Bill Leseman - Executive Vice President, Property ManagementJohn Isakson - Chief Investment OfficerPaul Cullen - Chief Marketing OfficerAnalysts Ryan Gilbert - Compass Point Research Craig Kucera - Wunderlich SecuritiesSteve Manaker - OppenheimerRick Murray - Midwest AdvisorsOperator Good morning and welcome to the Preferred Apartment Communities Fourth Quarter 2013 Earnings Conference Call. All participants will be in a listen-only mode. (Operator Instructions) After today’s presentation there will be an opportunity to ask questions. Please note this event is being recorded.I would now like to turn the conference over to Lenny Silverstein, President and Chief Operating Officer. Please go ahead.Lenny Silverstein Thank you, operator. Thank you very much for joining us this morning and welcome to Preferred Apartment Communities fourth quarter 2013 earnings call. We hope that each of you have had a chance to review our fourth quarter earnings report, which we released yesterday after the market closed.In a moment, I’ll be turning the call over to John Williams, our Chairman and Chief Executive Officer for a review of our performance and his thoughts for fiscal 2014. Also with us today are Dan DuPree, our Vice Chairman and Chief Investment Officer; Mike Cronin, our Executive Vice President and Chief Accounting Officer, Bill Leseman, our Executive Vice President of Property Management; John Isakson, our Chief Capital Officer; and Paul Cullen, our Chief Marketing Officer. Following the conclusion of our prepared remarks, we'll be pleased to answer any questions you might have.Before we begin, I'd like everyone to note that forward-looking statements may be made during our call. These statements are not guarantees of future performance and involve various risks and uncertainties and actual results may…