Good morning. My name is Joelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Invesque Business Update conference call. All lines have been placed on mute to prevent any background noise. I will now turn the call over to Mr. Adlai Chester. Thank you, Joelle, and thank you to all for joining this Business Update conference call. I'm joined today by Quinn Haselhorst, our Chief Financial Officer, and Kari Onweller, EVP of Investments and Investor Relations. The Business Update presentation we will be referring to on today's call is available on our company website, and a replay of this call will be available until 11:59 P.M. Eastern Time on March 26th. Please note that today's call includes forward-looking statements regarding future operations. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied today. We have identified such factors in the Business Update materials, news releases, and other public filings. Additionally, please bear in mind that all amounts referenced are in U.S. dollars unless otherwise specified. I would also like to note that following distribution of the presentation earlier this month, we received several questions which we will do our best to answer as part of our remarks on today's call. To start, I want to provide a brief summary of Invesque's history, how we got to where we are today, so that we can talk you through where we are actually going. Following our initial public offering in 2016, Invesque grew rapidly via a combination of ground-up development projects, small portfolio acquisitions, and even some larger platform acquisitions. We ultimately grew to become a diversified healthcare real estate portfolio with more than 120 properties spanning much of the continuum of healthcare real estate, from skilled nursing facilities to senior housing communities to medical office buildings. At one point, our portfolio was valued at approximately $1.5 billion. The company trended favorably through 2019 and early 2020, but challenges arose as a result of the COVID-19 pandemic. The largest impact was on our skilled nursing facility operators, many of which were ultimately unable to fund their contractual rent obligations in full despite receipt of government assistance. Additionally, during this time, our senior housing portfolio saw a decline in occupancy as many seniors were unwilling to move into shared housing during the pandemic, and expenses rose rapidly as contract nursing was needed to provide care in some of our assets. In addition to reduced cash flow from our properties, the company, through debt and preferred equity, was more leveraged than many of our peers. The combination of these two things has prevented Invesque from reinstating a common dividend. Finally, rising interest rates post-pandemic substantially increased the company's finance costs. Our largest credit facility with KeyBank was scrutinized and effectively put in default, forcing us to agree to very aggressive paydown timelines and liquidity covenants that created additional pressures on the company. As a result of this, our strategy pivoted, and we began focusing on owning a portfolio consisting only of senior housing properties and selling off our skilled nursing and medical office assets. This was a challenging endeavor, but as we sit here today, we only have two skilled nursing assets and one medical office building remaining in our portfolio. Although we are a much smaller company, we have stabilized and right-sized our balance sheet. In 2025, the market fundamentals of the senior housing and care industry, specifically in the U.S., are much stronger than they were over the last few years. Community occupancy has stabilized to near pre-pandemic levels, construction starts for new projects are at historic lows, and the financing markets have started to reopen, allowing acquisition and disposition activity to become prevalent again. Let's start with some demand of our product. It is estimated that more than 10,000 people in America are turning 65 each day, and the number of older adults is expected to more than double over the next several decades, ultimately representing over 20% of the U.S. population by the year 2050. This projected increase in seniors should provide a substantial rise in the demand for senior housing in the coming years. Due to the construction costs and access to capital, new developments in the industry have been limited over the last few years. The substantial reduction in new product compared to what we saw five to ten years ago provides for minimal new competition in many markets, ultimately leading to higher occupancy and overall financial results as the demand noted above will continue to rise. Finally, looking at the financing markets, we have seen the banking institutions that lend in our industry much more active over the last six months and expect that will continue throughout 2025. As rates come down slightly and banks are more flexible on loan terms, we expect additional investors to look to acquire assets in the senior housing industry. The combination of these favorable market fundamentals in 2025 and beyond should provide attractive opportunities for Invesque to provide value to you shareholders. Turning back to Invesque specifically, we had an extremely busy 2024. We continued to be somewhat constrained by our KeyBank credit facility, and we were forced to prioritize paying that down. Over the course of the year, we sold 16 assets for more than $160 million, allowing us to pay down the KeyBank credit facility by $114 million and ensure compliance with all loan covenants. I'm also happy to announce that we paid down an additional $10 million during the first quarter of 2025 and have exercised the first of two extension options on that credit facility, extending the maturity to September of this year with the first extension. The facility now has a principal balance below $35 million. In addition to KeyBank and other property-level debt reductions that resulted from these asset sales, on December 30, 2024, we completed a substantial restructuring of our corporate structure by amending the two convertible unsecured subordinated debentures and negotiating a conversion of Magnetar's pref equity stake in the company. The completion of these transactions resulted in a $2.9 million annual reduction in interest expense on the debentures and provided better alignment for all stakeholders. As we sit today, our corporate structure is simple. The new 9.75% debenture with an aggregate principal amount of $27.3 million, which is due on December 30, 2027, and 913 million shares of Invesque common stock. Following the completion of the debenture restructuring and the preferred share exchange, certain funds managed by Magnetar Financial LLC now own approximately 80% of all common shares outstanding. In addition to the assets sold in 2024, the company also has entered definitive contracts to sell an additional 23 assets comprised of three senior housing assets in New York and the 20-asset Commonwealth Senior Living portfolio. Simultaneously with the Commonwealth portfolio sale, we will also sell our stake in that management company. These sales continue to be subject to satisfaction or waiver of standard due diligence in favor of the purchaser and other customary closing conditions, but we are optimistic that the sale of these assets will be completed before the end of the second quarter. Following these sales, our owned real estate portfolio will be comprised of 24 assets in nine states across the U.S. and four communities in Ontario, Canada. We believe that our remaining portfolio represents a strong, mostly stable portfolio of senior housing real estate, many of which are managed by first-class operators, including Heritage Senior Living Grand Brook Memory Care in the U.S. and Autumnwood Mature Lifestyles in Canada. A detailed property listing of our go-forward portfolio is included on page 8 of the Business Update, and a summary of each of our operating partners' portfolio is provided on page 9. We have provided a breakdown of 2025 contractual triple-net rent and property-level net operating income projections for our senior housing operating portfolio, otherwise known as SHOP. For the year, the company's property-level NOI projection is $29 million, of which 52% is generated by triple-net rents, 42% is generated from our SHOP assets, and the remaining 6% is anticipated from loans receivable and other income. Our G&A expense for the year is projected to be $6.4 million, resulting in budget NOI of nearly $23 million for 2025. As mentioned previously, our corporate debt structure is much simpler now than it has been throughout the company's history. Upon completion of the assets under contract to be sold, property-level debt will be reduced to approximately $238 million, and when combined with the $27.3 million of debentures outstanding, total debt will be $265.5 million. Going forward, Invesque plans to strategically dispose of its remaining assets to optimize and return value to shareholders. We are analyzing each property and operator relationship on a case-by-case basis to determine whether marketing for sale currently is justified or holding the assets to allow for further stabilization makes more sense. There are several assets in the portfolio that we believe have upside value creation opportunities if held for another 6 to 12 months. These include a new asset in Parker, Colorado, that opened at the end of 2023 and continues to be in lease-up, a property outside Philadelphia that recently underwent a $6 million renovation project, and a portfolio of memory care assets in the South that continue to improve but have not yet reached stabilized occupancy. I would like to thank you all for taking the time to join the call, and if you have any further questions that arose from the remarks today, please do not hesitate to email us at ir@invesque.com. With that, I will turn it back to the operator to end the conference call. Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you please disconnect your lines.