Welcome to the annual meeting for Equity Residential. Our host for today's call is Mark Parrell, President, Chief Executive Officer, and a Trustee of Equity Residential. 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 a Trustee of Equity Residential, and I will act as Chairman of today's 2026 annual 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. 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 mention the presence of representatives of Ernst & Young, our independent public accounting firm, via the web portal. They will be available during the consideration of the proposal to ratify the selection of our public accounting firm for any questions you might have. Finally, I would like to introduce Jeanne Carr of MacKenzie Partners, who will serve as the Inspector of Elections. As is our custom, we will conduct the business portion of our annual meeting first, and upon adjournment, there will be a period to raise general questions. Only validated shareholders may ask questions in a designated field on the web portal. Out of consideration for others, please limit yourself to one question. Please note that this meeting is being recorded. However, no one attending via webcast is permitted to use any audio recording device. Please note that we will not be addressing any questions regarding the recently announced merger agreement with AvalonBay. Please instead see the communications filed with the Securities and Exchange Commission for information regarding the proposed merger. As indicated on the agenda for today's meeting, we will consider three items of business. I will describe each item, and you will have the opportunity to ask questions about such item at that time. We will announce the preliminary voting results, and the meeting will conclude. 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. I have received an affidavit of mailing from Broadridge establishing that the notice of this meeting was duly given. Ms. Carr will determine the validity of the proxies, the number of shares represented in person or by proxy, and the number of votes cast on the matters voted on. I've been advised that there are present at this annual 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 annual meeting is lawfully convened and may proceed to transact business. Thank you, Scott. A quorum is present, I declare the meeting open for business. I will describe proposals one through three, after which time you will have the opportunity to ask questions about such proposals. Proposal one is to elect the 10 current trustees set forth in the proxy statement to a one-year term. Proposal two is to consider and vote on the ratification of the company's selection of Ernst & Young as its independent registered public accounting firm for 2026. Proposal three is an advisory vote on the executive compensation disclosed in the company's proxy statement. If any shareholder has a question regarding proposals one through three, please submit your question through the web portal. 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've covered each of the proposals in the proxy statement. 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 board's 10 trustee nominees have each been elected for a one-year term, Ernst & Young's service as the company's independent registered public accounting firm has been approved, and the company's executive compensation has been approved. This concludes the business to come before this annual meeting, and the meeting is now adjourned. We would now like to open the meeting to germane questions submitted through the web portal. If you submit a question, please include your email address for our investor relations department to respond in case we do not have an opportunity to address it today. Please be advised that certain matters discussed during this Q&A period may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to certain economic risks and uncertainties. The company assumes no obligation to update or supplement these statements that become untrue because of subsequent events. Are there any questions? Seeing no questions, this concludes the Q&A period. Thank you all for joining us this morning. The meeting has now concluded. Thank you for joining, and have a pleasant day.