Michelle Wallach | Chief Compliance Officer and Senior Regulatory Counsel |
Brian Harris | CEO |
Marc Fox | CFO |
Steve Delaney | JMP Securities |
Stephen Laws | Raymond James |
Jade Rahmani | KBW |
Tim Hayes | FBR |
Greetings, and welcome to the Ladder Capital Corporation Third Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Michelle Wallach, Chief Compliance Officer and Senior Regulatory Counsel.