Morning, ladies and gentlemen. I'm Aaron Halfacre, Chief Executive Officer and President of Modiv Industrial Inc. I want to welcome all of you to this special meeting of stockholders. I will serve as chairman of the meeting, and John Raney, the company's Chief Financial Officer, General Counsel, and Secretary, will serve as Secretary of the meeting. In order to conduct an orderly meeting and give all stockholders an opportunity to participate, we will follow the agenda and the rules of conduct that are posted for stockholders on their virtual meeting portal. As a reminder, recording of this meeting is prohibited. To briefly recap the agenda, after we review a few formalities, I will call the formal meeting to order, and Mr. Raney will introduce the proposals described in detail in the proxy statement, which are, number one, the approval of the merger of the company with and into GNL Motion Merger Sub, LLC, pursuant to the agreement and plan of merger dated as of May 3rd, 2026, by and among the company, Modiv Operating Partnership, LP, Global Net Lease, Inc., Global Net Lease Operating Partnership, L.P., GNL Motion Merger Sub, LLC, GNL Motion OpCo Merger Sub, LLC, and the other transactions contemplated by such merger agreement. We refer to this proposal as the merger proposal. Number two, the approval by a non-binding advisory vote of the compensation that may be paid or become payable to the company's named executive officers in connection with the mergers contemplated by the merger agreement. We refer to this proposal as the merger compensation proposal. Number three, the approval of any adjournments of the special meeting one or more times, if necessary or appropriate, to permit, among other things, further solicitation of in favor of the merger proposal. We refer to this proposal as the adjournment proposal. We will discuss each of these items, and you will have the opportunity to vote if you have not already done so. Following the voting, we will announce preliminary results and adjourn the meeting. It's now my pleasure to call the meeting to order. We have been provided with the tabulation of proxies and ballots by Broadridge Financial Solutions, Inc., which we refer to as Broadridge. Jim Rate of American Election Services, LLC has been designated the Inspector of Election of this special meeting and is present today. He has been duly sworn and has taken and signed an oath to faithfully execute his duties with strict impartiality and to the best of his ability. The oath of Inspector of Election will be filed as part of the minutes of this special meeting. I have certified the list of the stockholders of record at the close of business on June 22nd, 2026, which is the record date for this special meeting. Only stockholders of record as of the record date or their authorized proxy holders are entitled to vote on matters presented at this special meeting. Written notice of this meeting was mailed on or about June 24th, 2026 to all holders of record of our common stock, along with a proxy statement, a proxy card, and Broadridge has presented an affidavit certifying to the mailing of notice. The Secretary of this special meeting will file the notice and certificate, as well as a copy of the proxy statement for this special meeting, and the certified list of stockholders with the minutes of the company will be filed. The Inspector of Election has presented his preliminary report to me indicating the presence of a quorum. We are informed by the Inspector of Election that as of the close of business on the record date, Modiv Industrial, Inc. had 10,323,670 shares of Class C common stock outstanding, each of which is entitled to one vote at this special meeting. As of right now, based on information provided by Broadridge in connection with the tabulation of proxies, there are sufficient shares of the company's stock present in person or by proxy and entitled to vote at this special meeting to constitute a quorum. Since notice was duly given and a quorum is present, we will now proceed with the formal business of this meeting. The time is now 11:05 Pacific Time, and the polls are now open for voting on all matters to be presented. John, can you please review the matters properly before this meeting? Sure. Any stockholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the virtual meeting portal and following the instructions provided. Stockholders who have sent in proxies or voted by telephone or the internet and do not want to change their vote do not need to take any further action. As Aaron described earlier, there are three proposals to be considered by the stockholders at the special meeting, which we will review. We will then review the voting procedures. The polls will then be closed to voting. The first item of business is the approval of the merger proposal, which requires the affirmative vote of a majority of the outstanding shares of the company's common stock entitled to vote on the merger proposal. The board of directors has recommended a vote for this proposal. The second item of business is the approval of the merger compensation proposal, which requires the affirmative vote of a majority of the total number of votes cast on the merger compensation proposal. The board of directors has recommended a vote for this proposal. The third and final item of business is the approval of the adjournment proposal, which requires the affirmative vote of a majority of the total number of votes cast on the adjournment proposal. The board of directors has recommended a vote for this proposal. Voting today is by proxy and electronic ballot. Each share of common stock outstanding as of the record date for this special meeting is entitled to one vote. As noted, any stockholder who has not voted or who wishes to change their vote may do so by clicking on the Vote Here button in the Cast Your Vote section of the webcast portal and following the instructions provided. Stockholders who have submitted proxies or have previously voted via the internet or by phone and who do not wish to change their vote do not need to take further action. Their votes will be counted automatically. Aaron? The floor is now open for questions or comments from stockholders of the company concerning the proposals. If you would like to do so, please submit your questions or comments through the web portal. Please be mindful that we will only address questions related to the proposal at this time. All right. It looks like there are no questions, so we will proceed with the meeting. It is now 11:07 A.M., and the polls are still open for voting. If you would like to submit your ballot online through the web portal, please do so now by clicking on the Vote Here button in the Cast Your Vote section of the webcast portal and following the instructions provided. Again, if you previously voted by proxy, it is not necessary to vote by ballot unless you wish to change your vote. Submission of a ballot revokes your prior proxy. The time is now 11:08 A.M., and there being no further ballots, I declare the polls closed for voting. All ballots and proxies are now in the custody of the Inspector of Election. Aaron? Great. The next item on the agenda is the preliminary report of the Inspector of Election. Any votes submitted before the polls closed but not reflected in the preliminary report will be reflected in the final report of the Inspector of Election. The Inspector of Election has reported that based on preliminary count conducted, the merger proposal, the merger compensation proposal, and the adjournment proposal have been approved. Since the merger proposal has been approved, we will not need to act upon the adjournment proposal. The final report of the Inspector of Election will be filed with the minutes of this special meeting, and the voting results will be published in a current report on Form 8-K that we will file with the Securities and Exchange Commission. There being no further business, I hereby adjourn today's meeting. We thank you for your attendance this morning and for your interest in Modiv Industrial. We thank you for your investment, and we wish you the best. The meeting has now concluded. Thank you for joining, and have a pleasant day.