Operator

Hello, everyone. Thank you for joining us, and welcome to National Healthcare Properties' First Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Michael Ozuna, Director of Investor Relations. Michael, please go ahead.

Michael Ozuna

Welcome to the First Quarter 2026 webcast for National Healthcare Properties. [Operator Instructions] Please note, this event is being recorded. Also note that certain statements and assumptions in this webcast, which are not historical facts, will be forward-looking and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are subject to certain assumptions and risk factors, which could cause the company's actual results to differ materially from the forward-looking statements. The company refers you to its SEC filings, including its most recent Form 10-K for a detailed discussion of the risk factors that could cause these differences and impacts in its business. During today's call, the company will also discuss certain non-GAAP financial measures. These measures should not be considered in isolation or as a substitution for the financial results prepared in accordance with GAAP. The company will provide a reconciliation of these measures to the most directly comparable GAAP measures as part of its first quarter 2026 earnings supplemental on its website at www.nhpreit.com.

A question-and-answer session will follow the prepared remarks. Also, please note that a replay of the webcast will be available on the company's website later today. I would now like to turn it over to