Ryan Dennison | Senior Vice President, Capital Markets and Investor Relations |
Bill Bayless | Chief Executive Officer |
William Talbot | Executive Vice President and Chief Investment Officer |
Daniel Perry | Executive Vice President, Chief Financial Officer and Treasurer |
Derek Johnston | Deutsche Bank |
Austin Wurschmidt | KeyBanc |
Neil Malkin | Capital One Securities |
Mike Bowman | Citi |
Alexander Goldfarb | Piper Sandler |
John Pawlowski | Green Street |
Good morning, ladies and gentlemen and thank you for standing by. Welcome to the American Campus Communities, Incorporated 2020 Fourth Quarter and Year End Earnings Conference Call. [Operator Instructions] I would like to remind everyone that this conference is being recorded. And I would now like to turn the conference over to Ryan Dennison, Senior Vice President of Capital Markets and Investor Relations for American Campus Communities. Please go ahead.