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  "documentTitle": "Target Corporation (TGT)",
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  "authorName": "William Ackman",
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  "presentationDate": "2008-10-29 00:00:00",
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      "text": "Flexible lease structure will allow Target Corp to retain control of its brand and stores",
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      "text": "Target Corp maintains control over its real estate construction, remodeling, and relocation efforts\nAll economic benefits of construction / remodeling of stores stay with Target Corp\nGround lease provides Target Corp with a high degree of control and flexibility\nContingent rent eliminates GAAP straight-line rent leveling requirements\nUnique landlord / tenant relationship benefits both TIP REIT and Target Corp",
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      "text": "75-year lease term with the ability to relocate and sublease\nLease term flexibility on a store-by-store basis\nTIP REIT and Target Corp have a mutual vested interest in maintaining the strong viability of the Target brand and retail business",
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