Sunrise Realty Trust, Inc.

Good morning and welcome to Sunrise Realty Trust's second quarter business update conference call. At this time, all participants are in listen-only mode. Later, we will conduct the question and answer session and instructions will be given at that time. As a reminder, this call is being recorded. I would now like to turn the call over to Anna Kim, Chief Legal Officer. Please go ahead.

Good morning, and thank you all for joining Sunrise Realty Trust's inaugural conference call. I'm joined this morning by Leonard Cannonbaum, our Executive Chairman, Brian Sedrisch, our Chief Executive Officer, and Brandon Hetzel, our Chief Financial Officer. Before we begin, I would like to note that this call is being recorded. Replay information is included in our July 17, 2024, press release. and is posted on the investor relations portion of Sunrise Realty Trust's website at sunriserealtytrust.com, along with our second quarter 2024 earnings release and investor presentation. Today's conference call includes forward-looking statements and projections that reflect the company's current views with respect to, among other things, future market developments, anticipated portfolio yield, and financial performance and projections in 2024 and beyond. These statements are subject to inherent uncertainties in predicting future results. Please refer to Sunrise Realty Trust's most recent periodic filings with the SEC for certain conditions and significant factors that could cause actual results to differ materially from these forward-looking statements and projections. The format for today's call is as follows. Len will provide introductory remarks, and Brian will cover our portfolio and market opportunities. Then Brandon will provide an update on our financial position. After that, we'll open up the lines for Q&A. With that, I will now turn the call over to our Executive Chairman, Leonard Tannenbaum.

Thank you, Anna. Good morning and welcome to Sunrise Realty Trust's first conference call. I would like to thank everyone for joining us today. As Sunrise Realty Trust was listed in the third quarter, we will not be discussing second quarter 2024 results. Instead, on this call, we will provide an overview of Sunrise Realty Trust portfolio and future prospects. Sunrise Realty Trust is an institutional lender that originates and funds loans to commercial real estate in the Southern United States and trades under the ticker SUNS on the NASDAQ exchange. The Suns portfolio, which is predominantly residential, contains only new vintage assets, with the first asset closed in January of 2024. This is unique to the public markets as we have a portfolio with no legacy issues and a niche focus on one of the highest growth areas within the United States. Looking ahead, the broader real estate platform, which Suns is a part of, has a robust pipeline of approximately $1 billion, as of August 5th, 2024. And as a result, we believe Suns is well positioned to capitalize on market opportunities in the CRE space. I would also like to take a minute to introduce Brian Sedrish, the CEO of Sunrise Realty Trust. Brian brings over 20 years of leadership experience with real estate, private equity, and credit, having both focused on institutional commercial real estate opportunities across a number of prominent firms. Most recently, he served as a portfolio manager and was instrumental in building the credit business at Related Fund Management over the past 10 years. Brian leads a dedicated real estate team of seven professionals within a broader platform of over 35 employees. Brian's deep real estate experience Broad market relationships and structuring expertise will be invaluable as we continue to build Suns. With that, I will turn the call over to Brian.