Preferred Apartment Communities, Inc. (APTS) CEO Dan DuPree on Q3 2019 Results - Earnings Call Transcript

Preferred Apartment Communities, Inc. (APTS) Q3 2019 Earnings Conference Call November 5, 2019 11:00 AM ET

Company Participants

Lenny Silverstein - President & Chief Operating Officer
John Isakson - Chief Financial Officer
Dan DuPree - Chairman & Chief Executive Officer

Conference Call Participants

Michael Lewis - SunTrust

Operator

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

I would now like to introduce your host Lenny Silverstein, President and Chief Operating Officer. Please go ahead sir.

Lenny Silverstein

Thank you for joining us this morning and welcome to Preferred Apartment Communities third quarter 2019 earnings call. We hope that each of you have had a chance to review our third quarter earnings report, which we released yesterday after the market closed. In a moment, I'll be turning the call over to John Isakson, the company's Chief Financial Officer to share a detailed description of our third 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 the senior executive team of our company, Jeff Sherman, Executive Vice President and Managing Director of our Multifamily Business Unit; Joel Murphy, CEO of New Market Properties and CEO-Elect of PAC; Boone DuPree, President of Preferred Office Properties; Paul Cullen, Executive Vice President and Managing Director Preferred Campus Communities; Mike Cronin, our Chief Accounting Officer; and Jeff Sprain, our General Counsel.

Before we begin, I'd like everyone to note that forward-looking statements may be made during our call. These statements are not guarantees of future