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  "authorName": "William Ackman",
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      "text": "The Transaction requires several months of planning before an IPO is achievable. To complete an IPO even a year from now, work on this Revised Transaction will need to begin shortly",
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      "text": "In 2009, there could be opportunities for Target to benefit from a weak competitive landscape\nTIP REIT needs to be in place for the Company to best do so",
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      "text": "Formation of TIP REIT and the issuance of pro forma financials will take several months\nPredominantly legal (lease structuring) and accounting work\nSearch for a management team and new board of directors for TIP REIT",
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