Good morning, and welcome to the special meeting for Equity Residential. Our host for today's call is Mark Parrell, President, Chief Executive Officer, and a Trustee. I will now turn the call over to your host. Mr. Parrell, you may begin, sir. Thank you, Paul. Good morning, ladies and gentlemen. I'm Mark Parrell, President, Chief Executive Officer, and the Trustee of Equity Residential, and I will act as Chairman of today's 2026 special meeting of shareholders. The meeting is being held as a virtual meeting to facilitate an opportunity for participation by a wide group of our shareholders who are attending via the web portal. Please observe the rules of conduct and procedures for the meeting set forth in the web portal. It is now 8:00 A.M. Central Time. I am calling the special meeting to order to consider and vote on three proposals in connection with the merger with AvalonBay Communities, Inc. Let me start by making a few introductions. Joining me today is Scott Fenster, Executive Vice President, General Counsel, and Corporate Secretary of the company. The other members of the company's Board of Trustees are also virtually present today. I would also like to introduce Tony Carideo of The Carideo Group, who will serve as Inspector of Elections. The Inspector of Elections has signed the customary oath of office. As indicated on the agenda for today's meeting, we will consider three items of business. Please note that no one attending this meeting via webcast is permitted to use any audio recording device. I will describe each item, and you will have an opportunity to vote. Then we will announce the preliminary voting results, and the meeting will conclude. Now we'll turn to the formal portion of our meeting. Before considering items of business, we need to address certain matters required by Maryland law. Scott, if you could please report on these matters. Thank you, Mark. This special meeting was called by our Board of Trustees, and the close of business on July 9, 2026 was fixed as the record date for the holders of our common shares of beneficial interest entitled to receive notice of and to vote at this meeting. The mailing of the notice of the special meeting and related proxy soliciting material to all holders of our common shares of record as of the close of business on the record date commenced on or about July 13, 2026. I have received an affidavit of mailing from Broadridge confirming the distribution of the notice of the special meeting and related proxy soliciting material. Accordingly, this special meeting is deemed duly called and notice of this special meeting is deemed properly given to our shareholders in accordance with the applicable provisions of our bylaws and applicable law. Additionally, please note that as described in the company's proxy materials, the holders of proxies solicited by the board of trustees for this meeting are Mark and myself. Under the company's bylaws, to constitute a quorum, holders of a majority of the issued and outstanding common shares of beneficial interest that are entitled to be cast must be represented at this meeting, either by attendance at the meeting or represented by proxy. I have been advised that there are present at this special meeting votes represented in person or by proxy of more than a majority of the outstanding shares entitled to vote. Based on this count, a quorum is present, and this special meeting is lawfully convened and may proceed to transact business. Thank you, Scott. Since a quorum is present, I declare the meeting open for business. Our first order of business is to vote to approve the issuance of the company's common shares of beneficial interest pursuant to the agreement and plan of merger dated as of May 20, 2026 by and among Equity Residential, ERP Operating Limited Partnership, Canopy Merger Sub LLC, and AvalonBay Communities, Inc. The joint proxy statement and prospectus provide information about this proposal, which is proposal number 1 on your proxy card. Your board unanimously recommends a vote for this proposal. Our second order of business is to vote to approve an amendment to the company's Declaration of Trust to increase the amount of Equity Residential common shares of beneficial interest that the board is authorized to issue, as described more fully in the joint proxy statement and prospectus. This is proposal number two on your proxy card, and your board unanimously recommends a vote for this proposal. Our last order of business is to vote to approve the adjournment or postponement of the special meeting, if necessary or appropriate, to solicit additional proxies if immediately prior to such adjournment, there are insufficient votes to approve the share issuance proposal. The joint proxy statements and prospectus provide information about this proposal. It is proposal number three on your proxy card, and your board unanimously recommends a vote for this proposal. Any shareholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button in the web portal and following the instructions there. Shareholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. We have covered each of the proposals in the joint proxy statement and prospectus. Scott, please report on the preliminary voting results. The polls are now closed. We have been informed by the Inspector of Elections that the preliminary vote report shows that the share issuance proposal was approved, the charter amendment proposal was approved, and the adjournment proposal was also approved. However, because the share issuance proposal was approved, it is not necessary to adjourn today's meeting. The final voting results, based on information in the final certificate of the Inspector of Elections, will be disclosed in a current report on Form 8-K within four business days of this meeting. This concludes the business to come before the special meeting, and the meeting is now adjourned. With no other business on the agenda, the special meeting of Equity Residential shareholders is adjourned. Thank you and have a good day. The meeting has now concluded. Thank you for joining, and have a pleasant day.