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  "authorName": "William Ackman",
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      "kind": "callout",
      "text": "TIP REIT would be incorporated where most REITs are incorporated: Maryland",
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      "text": "Other Governance Provisions: Similar to Target Corp’s existing governance rules except as the Board may otherwise determine in connection with the Transaction",
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      "text": "Ownership Restrictions: The certificate of incorporation of TIP REIT would include a customary 9.9% actual and constructive ownership limit and other provisions customary for REITs to assure compliance with REIT ownership and related-party rent rules",
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