Operator

Greetings. Welcome to Sachem Capital Corp. and Industrial Realty Group Transaction Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to Steve Swett, Investor Relations. Thank you. You may begin.

Stephen Swett

Thank you, operator, and thank you all for joining us today on such short notice. Earlier today, Sachem issued a press release announcing that the company has entered into a definitive contribution agreement with Industrial Realty Group, or IRG, to create a scaled industrial lease-driven public equity REIT with a real estate capital solutions platform. Post closing, Sachem will publicly rebrand as IRG Realty Trust, Inc., or IRGT.

Joining us today are John Villano, CPA, Chief Executive Officer of Sachem and Stuart Lichter, Founder and Chairman of IRG.

Before we begin, I'll read the customary cautionary language. During today's call, we may make forward-looking statements within the meaning of the federal securities laws, including statements about the proposed transaction, anticipated timing, expected benefits, pro forma expectations, leverage and financing and other nonhistorical matters. Actual results may differ materially due to risks and uncertainties.

All forward-looking statements speak only as of today, May 18, 2026, and we assume no obligation to update, revise or supplement such forward-looking statements that become untrue because of subsequent events. In connection with the proposed transaction, Sachem intends to file relevant materials with the SEC, including a proxy statement. Investors and security holders are urged to read those materials when they become available and they will contain important information.

All relevant materials will be posted in the Investors