Qualitas CEO Andrew Schwartz said falling vacancy rates, rising rents and low stock levels are paving the way for the next wave of apartment development.
Operator
Welcome to Ares Management Corporation s First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder this conference call is being recorded on Thursday, April 29th, 2021.
I will now turn the call over to Carl Drake, Head of Public Company Investor Relations for Ares Management.
Carl Drake
Investor Relations
Good afternoon and thank you for joining us today for our first quarter 2021 conference call. We hope everyone is safe and healthy. I m joined today by Michael Arougheti our Chief Executive Officer; and Michael McFerran, our Chief Operating Officer and Chief Financial Officer. In addition Bennett Rosenthal, Co-Chairman of our Private Equity Group; Kipp DeVeer, Head of our Credit Group; and Matt Cwiertnia, Co-Head of our Private Equity Group will be available for the question-and-answer session.