AvalonBay Communities, Inc.

Good morning, ladies and gentlemen, and welcome to Avalon Bay Community's first quarter 2020 earnings conference call. At this time, all participants are in a listen-only mode. Following remarks by the company, we will conduct a question and answer session. You may enter the question and answer queue at any time during this call by pressing star 1. If your question has been answered or you wish to remove yourself from the queue, press star 2. If you are using a speaker phone, please lift the handset before asking your question. And we ask that you refrain from typing and having your cell phones turned off during the question and answer session. Your host for today's conference is Jason Riley, Vice President of Investor Relations. Mr. Riley, you may begin your conference.

Thank you, Cassie, and welcome to Avalon Bay Community's first quarter 2020 earnings conference call. Before we begin, please note that forward-looking statements may be made during this discussion. There are a variety of risk and uncertainties associated with forward-looking statements, and actual results may differ materially. There's a discussion of these risk and uncertainties in yesterday afternoon's press release, as well as the company's Form 10-K and Form 10-Q, followed with the SEC. As usual, this press release does include an attachment with definitions and reconciliations of non-GAAP financial measures and other terms, which may be used in today's discussion. The attachment is also available on our website at www.avalonbay.com or flash earnings. And we encourage you to refer to this information during the review of our operating results and financial performance.

And with that, I'll turn the call over to Kevin Sherwin, CEO of Avalon Bay Community, for his remarks.