Preferred Apartment Communities Inc. (APTS) CEO Dan DuPree on Q1 2019 Results - Earnings Call Transcript

Preferred Apartment Communities Inc. (APTS) Q1 2019 Results Earnings Conference Call April 30, 2019 11:00 AM ET

Company Participants

Jeff Sprain - General Counsel
Dan DuPree - Chairman of the Board and CEO
Lenny Silverstein - President and Chief Operating Officer
John Isakson - Chief Capital Officer
Jeff Sherman - Executive Vice President of Multifamily Investments
Joel Murphy - President and Chief Executive Officer of New Market Properties
Boone DuPree - Chief Executive Officer of Preferred Office Properties
Paul Cullen - Chief Executive Officer of Preferred Campus Communities

Conference Call Participants

Michael Lewis - SunTrust
Jim Lykins - D.A. Davidson
Merrill Ross - Boenning & Scattergood
Rick Murray - Sorin Capital

Operator

Good morning, ladies and gentlemen, and welcome to the Preferred Apartment Communities First Quarter 2019 Earnings Conference Call. All participants will be on listen-only mode. [Operator Instructions] This conference is being recorded. After today's presentation, there'll be an opportunity to ask questions. [Operator Instructions]

I would now like to introduce your host for today's conference call, Mr. Jeff Sprain, General Counsel.

Jeff Sprain

Thank you for joining us this morning, and welcome to Preferred Apartment Communities' first quarter 2019 earnings call. We hope that each of you have had a chance to review our first quarter earnings report which we released yesterday after the market close. In a moment, I'll be turning the call over to Dan DuPree, our Chairman of the Board and CEO for his thoughts. Following the conclusion of our prepared remarks, we'll be pleased to answer any questions you might have.

Before we begin, I'd like everyone to know that forward-looking statements may be made during our call. These statements are not guarantees of future performance and involve various risks and uncertainties, and actual results may differ materially. There is a discussion about these risks and uncertainties in