Apartment Investment and Management Company (AIV) Q2 2010 Earnings Call July 30, 2010 1:00 PM EST Executives Lisa Cohn – EVP, General Counsel Terry Considine – Chairman and CEO Tim Beaudin – President and COO Ernie Freedman – CFO John Bezzant – SVP Tony D’Alto – EVP, Property Operations Miles Cortez – EVP and Chief Administrative Officer Analysts Swaroop Yalla – Morgan Stanley Michael Levy – Macquarie Michelle Ko – Bank of America Eric Wolf – Citi Michael Salinsky – RBC Capital Markets Andrew McCulloch – Green Street Advisors Ross Nussbaum – UBS PresentationOperator
Good day, ladies and gentlemen, and welcome to the second quarter 2010 Apartment Investment and Management earnings conference call. My name is Andrea and I will be your coordinator for today. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions). As a reminder, this conference is being recorded. And, now, I’d like to turn the presentation over to your host for today’s call, Lisa Cohn, Executive Vice President and General Counsel. Please proceed, ma’am. Lisa Cohn Thank you, Andrea. Good morning and good afternoon. During this conference call, the forward-looking statements we make are based on management’s judgments including projections related to 2010 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 the full earnings release published on AIMCO’s website.