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  "documentTitle": "Alexander & Baldwin (ALEX); GenCorp (GY); Brookfield Residential Properties (BRP)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
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  "presentationDate": "2012-10-01 00:00:00",
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      "text": "Tangible Book Value: 119.7%",
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      "text": "Source: Company filings, research, Bloomberg, CapitalIQ, public commentary and information.",
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      "text": "Estimated Market Value of BRP's Assets ($ Ms) Land and Housing Inventory: Value of Homes $467 Value of Land - Single $783 Value of Land - Multi & Other $233 Value of Raw Land $2,244 Land and Housing Inventory $3,727 Homes Cost to Complete ($124) Land Cost to Complete ($289) \"Market\" Land and Housing Inventory $3,314 \"Book\" Land and Housing Inventory $2,212 % Increase (Decrease) 49.8% Tangible Book Value: \"Market\" Land and Housing Inventory $3,314 Plus: All Other Assets $499 Less: All Liabilities & Minority Interest ($1,626) \"Market\" Tangible Book Value $2,187 \"Book\" Tangible Book Value $995 % Increase (Decrease) 119.7%",
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