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  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2009-12-07 00:00:00",
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  "notes": "The chart uses dual lines to contrast equity vs debt issuance trends over a 20-year period.",
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      "text": "REITs have raised equity capital equivalent to approximately 10% of the market cap of the entire industry",
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      "text": "debt issuance as a % of market cap; equity issuance as a % of market cap",
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      "text": "Source: Goldman Sachs Global Investment Research (December 2, 2009).",
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