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July 29, 2011 1:00 pm ET
Lisa Cohn - Executive Vice President, General Counsel and Secretary
Daniel Matula - Executive Vice President of Redevelopment and Construction Services
John Bezzant - Executive Vice President of Transactions
Keith Kimmel - Executive Vice President of Property Operations
Ernest Freedman - Chief Financial Officer and Executive Vice President
Terry Considine - Founder, Executive Chairman, Chief Executive Officer and Chief Eecutive Officer of AIMCO-GP Inc
Derek Bower - UBS Investment Bank
Richard Anderson - BMO Capital Markets U.S.
Michael Salinsky - RBC Capital Markets, LLC
Buck Horne - Raymond James & Associates, Inc.
Good afternoon, and welcome to the Second Quarter 2011 Apartment Investment and Management Company's Earnings Conference Call and Webcast. [Operator Instructions] Please note that today's event is being recorded. At this time, I would like to turn the conference call over to Ms. Lisa Cohn, Executive Vice President and General Counsel. Ma'am, please go ahead.
Thank you, Jamie. Good day. During this conference call, the forward-looking statements we make are based on management's judgment, including projections related to 2011 results. These statements are subject to certain risks and uncertainties, a description of which can be found in our SEC filings. Actual results may differ materially from what may be discussed today. Also, we will discuss certain non-GAAP financial measures such as funds from operations. These are defined and are reconciled to the most comparable GAAP measures in the supplemental information that is part of our full earnings release published on Aimco's website.