Adam Portnoy, please go ahead. Thank you. Welcome to the 2026 annual meeting of RMR shareholders. I am Adam Portnoy, Chair of the Board of Directors and President and Chief Executive Officer of RMR and chair of this meeting. Attending today's meeting are our directors, Ann Logan, Rosen Plevneliev, Jonathan Veitch, Walter C. Watkins, Jr., and Matt Jordan, who is also our Executive Vice President and our Chief Operating Officer. Our Executive Vice President, Chief Financial Officer, and Treasurer, Matt Brown, our Executive Vice President, General Counsel and Secretary, Lindsey Getz, are also here. Alex Brazier and Jessica Dominance of Deloitte & Touche, our independent auditors, are also attending this meeting. They have no statement to make, but will be available to respond to questions following our meeting. After acting o n the official business of the meeting, I will open the meeting to questions from shareholders. We will now proceed with the official business of the meeting. We previously provided notice of this annual meeting. The record date for the voting of shares at this meeting is January eighth, two thousand twenty-six. An affidavit of mailing confirming the mailing to our shareholders of the proxy materials has been previously delivered to us. I appoint Francis Aaron, a representative of Broadridge Financial Solutions, who is attending this meeting and will be in charge of counting the proxies and the votes as the Inspector of Elections. Mr. Aaron has submitted his oath as Inspector, and it will be filed with the records of the meeting. Our Registrar and Transfer Agent has provided a certified list of all holders of record of our common shares at the close of business on January eighth, two thousand twenty-six. Mr. Aaron has informed me that based on the proxies received to date, a quorum is present for all purposes of this meeting, subject to verification after completion of the vote tabulation. The first item of business is the election of six board nominees. Ann Logan, Rosen Plevneliev, Jonathan Veitch, and Walter Watkins Jr. have been nominated for election as independent directors. Matt Jordan and myself, Adam Portnoy, have been nominated for election as managing directors. Each of the directors will be elected to serve until our 2027 annual meeting of shareholders and until her or his successor is duly elected and qualifies. A plurality of all the votes cast is required to elect a director nominee at this meeting. Our board has recommended a vote for all the election of the director nominees. The second item of business is an advisory vote to approve executive compensation. Our board has recommended a vote for the following resolution. Resolved, That the shareholders of the company approve on a non-binding advisory basis the compensation paid by the company to the company's named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation discussion and analysis in the company's proxy statement for this annual meeting previously provided to shareholders. The affirmative vote of a majority of all the votes cast at this meeting is required for the approval of this proposal. The third item of business is an advisory vote seeking ratification of the appointment of Deloitte & Touche as our independent auditors for our 2026 fiscal year. Our board has recommended a vote for this proposal. The affirmative vote of a majority of all the votes cast at this meeting is required for the approval of this proposal. We will now move on to voting. The polls are now open. To vote, please select the voting button displayed in the web interface. If you have previously voted by proxy, you do not need to vote at this time unless you wish to change your vote. Submission of a vote at this time revokes any prior proxy you may have submitted. If any shareholder or proxy holder desires to vote at this time, please do so. There being no further votes, the polls are now closed. Following verification of proxies and votes, the Inspector will file a detailed certificate of results under oath with our records, and we will report the official and final voting results for the meeting. That concludes the official business of the meeting. This meeting is adjourned. I will now open the floor to questions. If you'd like to ask a question, please type your question into the chat box contained in the web interface. Please include your name and, if you're a proxy for a shareholder, the record and beneficial shareholder you represent. I will read any appropriate questions and identify the shareholder or proxy submitting the question.