Preferred Apartment Communities' (APTS) CEO Dan DuPree on Q2 2019 Results - Earnings Call Transcript

Jul. 30, 2019 2:59 PM ETBlackstone Inc. (BX) StockBX
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Preferred Apartment Communities, Inc. (APTS) Q2 2019 Earnings Conference Call July 30, 2019 11:00 AM ET

Company Participants

Lenny Silverstein - President & COO
John Isakson - CFO
Dan DuPree - Chairman & CEO
Jeff Sherman - EVP & MD, Multifamily Business Unit
Joel Murphy - CEO, New Market Properties
Boone DuPree - President, Preferred Office Properties
Mike Cronin - CAO
Jeff Sprain - General Counsel

Conference Call Participants

Merrill Ross - Compass Point Research

Operator

Good morning, ladies and gentlemen, and welcome to Preferred Apartment Communities Second Quarter 2019 Earnings Conference Call. Please note that today's conference is being recorded. After today's presentation, there'll be an opportunity to ask questions. [Operator Instructions].

I would now like to introduce today's conference call, Lenny Silverstein, President and Chief Operating Officer. Please go ahead.

Lenny Silverstein

Thank you for joining us this morning, and welcome to Preferred Apartment Communities' second quarter 2019 earnings call. We hope that each of you have had a chance to review our second quarter earnings report which we released yesterday after the market closed.

In a moment, I'll be turning the call over to John Isakson, our Chief Financial Officer, to hear a detailed description of our second quarter operating results. Dan DuPree, our Chairman and CEO, will share his thoughts on the state of the company. Following the conclusion of our prepared remarks, we'll be pleased to answer any questions you might have.

Also with us this morning is Jeff Sherman, Executive Vice President and Managing Director of our Multifamily Business Unit; Joel Murphy, CEO of New Market Properties; Boone DuPree, President of Preferred Office Properties; Mike Cronin, our Chief Accounting Officer; and Jeff Sprain, our General Counsel.

Begin we begin, I'd like everyone to know that forward-looking statements may be made during the call. These statements are

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