Good morning. I'm Steven Orbuch, Chair and CEO of the Board of Directors of Sculptor Diversified Real Estate Income Trust, or SRE Income Strategy. It's my pleasure to welcome you to our 2026 annual meeting. I'll start the formal business of today's meeting by introducing those on the line joining me in representing SRE Income Strategy. First, my fellow directors, Nick Hecker, who is also our President. Anthony Boney, who is also our Chief Financial Officer and Treasurer. John Geanakos, Kristi Jackson, John Jenks, and Robert Winston. We're also joined here today by our independent auditors with Ernst & Young. I will serve as chair of this meeting. Through Q1, SRE Income Strategy has delivered an annualized net return in excess of 11% since inception in our Class F shares, as compared to private core real estate returns of approximately minus 4% annualized over that same period of time. Q1 2026 results build on a strong 15% full year 2025 return, also in our Class F shares. Since inception, SRE Income Strategy has delivered an approximately 7% annualized pre-tax distribution rate, which has equated to an approximately 12% tax equivalent distribution rate, given the entirety of those distributions were classified as a return of capital. The real estate markets have transitioned from a broad-based correction into what SRE believes is a protracted and fragile recovery, characterized in most asset classes by range-bound interest rates, modest NOI growth, and an uncertain macroeconomic backdrop. While valuations have largely reset from prior low interest rate environment, higher financing costs and a continuing bid-ask spread amongst buyers and sellers continue to limit transaction activity and delay full price discovery. In this largely aschematic environment where capital flows remain concentrated in select sectors rather than reflecting a broad-based recovery, SRE believes the market continues to favor SRE Income Strategy's broad investment mandate, particularly in non-traditional asset classes where fundamentals remain strong while capital markets are less efficient. SRE Income Strategy continues to invest capital across a diverse range of real estate sectors, focusing on investments that offer stable income and long-term growth. The portfolio's total asset value has reached approximately $1 billion and now spans eight sectors: specialty housing, industrial, resort, stadium exhibition, healthcare, student housing, gaming, and parking, reflecting a commitment to diversification and resilience. The portfolio concluded Q1 2026 at approximately 97% occupancy, with a substantial majority triple net leased to operators and sectors which SRE believes are with less cyclical, more resilient, need-based, or experiential demand drivers, and leverage remains conservative at 35%. Looking ahead, SRE believes the environment remains supportive for disciplined, flexible real estate investors, particularly those able to provide custom-tailored capital solutions. SRE continues to see a robust pipeline across its covered sectors, with opportunities spanning both U.S. and select European markets. SRE believes that it is well-positioned to continue to create value and deliver differentiated returns for its investors in a rapidly evolving market environment. The board and the entire company remain committed to delivering strong returns to shareholders. That said, I will now turn to the business of this meeting. Our first item of business is to review the proposal listed on the agenda. We will then have the vote on that proposal. After the voting, we'll receive a report of the voting results, which will conclude the business of this meeting. To begin, I'll ask Norman to introduce our Inspector of Elections, who will confirm that notice of this meeting was properly given and attest to the presence of a quorum. Thank you, Steve. Broadridge Financial Solutions has been appointed Inspector of Elections and will confirm the number of shares outstanding and the voting power of those shares. He'll determine the shares represented at this meeting and the validity of the proxies and ballots on all votes, and then determine the results of the voting. Francis Bird is here on behalf of Broadridge Financial Solutions, and I've received his written oath of office as Inspector. He has a list of shareholders entitled to vote at this meeting, and I have received evidence that the notice of this meeting, together with the proxy statement, were properly sent on April 29th, 2026, to all shareholders of record as of April 21st, 2026. Francis, have you determined whether quorum is present at this meeting? Yes. I've determined that there are shareholders represented at this meeting, logged in virtually or by proxy, holding common stock representing at least one-third of the votes entitled to be cast at this meeting. This is sufficient for a quorum and for transacting the business of this meeting. Steve, I find that a quorum is present for the purpose of conducting business at this meeting. All holders of the company shares as of the close of business on April 21st, 2026, are entitled to vote at this meeting, either virtually or by proxy, on all business to come before this meeting. Thanks, Norman. The proposal to be considered at this meeting is listed in our notice of the 2026 annual meeting of shareholders and proxy statement. The proposal is the election of directors to hold office until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified. The board, acting upon the recommendation of its Nominating and Corporate Governance Committee, nominated Steven Orbuch, Nicholas Hecker, Anthony Boney, Jonathan Geanakos, Kristi Jackson, John Jenks, and Robert Winston for re-election to the board of directors. The board recommends a vote for each of the candidates to serve on the board of directors. Norman has advised me that no shareholder submitted any additional nominations to the company prior to this meeting in accordance with our governing documents. Therefore, I declare the nominations closed. Let me now turn the meeting back over to Norman to open the polls. I declare the polls for this meeting to be open. If there's any shareholder virtually present who has not voted by proxy and wishes to vote online now, please submit your vote at this time via the virtual meeting website. Now that everyone has had the opportunity to vote, the polls for this meeting are now closed. Francis, will you report the results of the vote? On the proposal for the election of the directors, a majority of the votes cast at this meeting were voted in favor of the re-election of Steven Orbuch, Nicholas Hecker, Anthony Boney, Jonathan Geanakos, Kristi Jackson, John Jenks, and Robert Winston to the board of directors. Thanks, Francis. The board of directors has been duly elected. I hereby direct the results of the voting to be incorporated into the minutes of this meeting. The business for which this meeting was held is now complete, and I declare the meeting officially adjourned. On behalf of my fellow directors, we thank you for your investment in SRE Income Strategy and for joining us today. This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day. Line unmuted. Line muted.