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August 1, 2012 11:00 AM ET
Constance Moore – President and CEO
Scott Reinert – EVP, Operations
John Schissel – SVP and CFO
Swaroop Yalla – Morgan Stanley
Jana Galan – Bank of America/Merrill Lynch
Eric Wolfe – Citi
Karin Ford – KeyBanc Capital Markets
Dave Bragg – Zelman
Rob Stevenson – Macquarie
Michael Salinsky – RBC Capital
Rich Anderson – BMO Capital Markets
Michael Bilerman – Citi
Good morning. My name is Roxanne, and I will be your conference operator today. At this time, I would like to welcome everyone to the BRE Properties Second Quarter 2012 Earnings Conference Call. Just a reminder that today’s conference is being recorded and all lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. Please limit yourself to one question and one follow-up question.
I would now like to turn the call over to Ms. Constance Moore, President and Chief Executive Officer. Please go ahead.
Thank you, Roxanne, and good morning, everyone. Thank you for joining BRE’s second quarter 2012 earnings call.
Before we begin our conversation, I’d like to remind listeners that our comments and our answers to your questions may include both historical and future references. We do not make statements we do not believe are accurate and fairly represent BRE’s performance and prospects given everything that we know today. But when we use words like expectations, projections or outlook, we are using forward-looking statements, which by their very nature are subject to risks and uncertainties.