Ann Chan

were there any unusual or nonrecurring items that caused a drag or a boost on other income in first quarter?

Could you share how renewal and new lease rates in Atlanta have trended late last year and into early this year?

do you still anticipate new lease rate growth possibly turning positive by next summer? Or is job growth enough of a wild card in '26 that might cause a slower pace of supply absorption

Could you walk us through the key assumptions behind your yield targets? Like what kind of rent growth and leasing velocity assumptions are you using to support the mid-single-digit yields

can you provide some context on what issues are causing occupancy to decline at the MAA Vale lease-up in Raleigh?

Have you observed any changing trends in construction costs components, like, labor or material costs

do you expect to exit any markets or enter any new markets?

can you discuss whether there were any unusual sequential drag from fee income or bad debt or other initiatives in the first quarter