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      Calloway REIT

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      Calloway REIT Snapshot

      2.5
      based on 2 ratings

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      Al Mawani

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      Real EstateIndustry
      Description Calloway, an open-ended real estate investment trust (REIT), owns wide-open shopping centers. Most of its properties are large, unenclosed emporia branded as SmartCentres. It has more than 25 million sq. ft. of leasable space in about 120 locations across Canada, with an additional 4 million sq. ft. in various stages of development. Wal-Mart Canada is the #1 tenant, bringing in about a quarter of Calloway's rental revenue. Clothiers Reitmans (Canada) and Winners, general merchandisers Dollarama and Canadian Tire, and office supplier Staples are some of the other major shopkeepers. The company has holdings in 10 provinces, but nearly 60% are in Ontario. Property developer SmartCentres owns 22% of Calloway.

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