Calloway Real Estate Investment Trust

Corporate Finance:Real Estate

Summary

Calloway Real Estate Investment Trust (Calloway) is a major owner of retail properties in Canada, including 129 properties, with a net interest in approximately 25.5 million square feet of leasable area across Canada. The properties mainly comprise large-format, unenclosed shopping centres, anchored by Wal-Mart Stores, Inc. and other major tenants. Calloway is 20.3% owned by Mitchell Goldhar, owner of SmartCentres (formerly First Pro).