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May 04, 2012 1:00 pm ET
Lisa R. Cohn - Executive Vice President, General Counsel and Secretary
Terry Considine - Chairman and Chief Executive Officer
Keith M. Kimmel - Executive Vice President of Property Operations
Ernest M. Freedman - Chief Financial Officer and Executive Vice President
John E. Bezzant - Executive Vice President of Transactions
Daniel S. Matula - Executive Vice President of Redevelopment and Construction Services
Eric Wolfe - Citigroup Inc, Research Division
Karin A. Ford - KeyBanc Capital Markets Inc., Research Division
Jana Galan - BofA Merrill Lynch, Research Division
David Harris - Imperial Capital, LLC, Research Division
Paul Morgan - Morgan Stanley, Research Division
Richard C. Anderson - BMO Capital Markets U.S.
Robert Stevenson - Macquarie Research
Michael J. Salinsky - RBC Capital Markets, LLC, Research Division
David Bragg - Zelman & Associates, Research Division
Taylor Schimkat - Keefe, Bruyette, & Woods, Inc., Research Division
Buck Horne - Raymond James & Associates, Inc., Research Division
Good afternoon, and welcome to the Apartment Investment and Management Company First Quarter 2012 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Lisa Cohen, Executive Vice President and General Counsel. Please go ahead.
Lisa R. Cohn
Thank you. Good day. During this conference call, the forward-looking statements we make are based on management's judgment, including projections related to 2012 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 we may -- from what we 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 the full earnings release published on Aimco's website.