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  "documentTitle": "Alexander & Baldwin (ALEX); GenCorp (GY); Brookfield Residential Properties (BRP)",
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  "authorName": "Marcato Capital Management",
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  "presentationDate": "2012-10-01 00:00:00",
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  "notes": "Includes a red circle highlighting the final valuation range of $408m-$442m.",
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      "text": "We believe ALEX's leased commercial real estate on Hawaii is worth over $400m",
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      "text": "Source: Company documents, Marcato estimates",
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      "text": "(1) Represents land leased to third parties and included in reported NOI. Numbers represent acres and $ / acre",
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      "text": "Table showing occupancy, square footage, market price, and value for Industrial, Office, Retail, and Unimproved Land, plus NOI and cap rate calculations.",
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