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Calloway Real Estate Investment Trust (the Trust) is a Canada-based open-ended mutual fund trust. The Trust owns and manages shopping centers in Canada, both directly and through its subsidiaries, Calloway Limited Partnership (LP), Calloway Limited Partnership II (LP II) and Calloway Limited Partnership III (LP III). The Trust's assets consisted of 120 retail properties, one office property and seven development properties, with a gross leasable area of 27.3 million square feet and an estimated future developable area of 2.7 million square feet.