TORONTO, ONTARIO -- (Marketwired) -- 04/17/13 -- Calloway Real Estate Investment Trust ("Calloway") (TSX: CWT.UN) announced today that its Chief Financial Officer ("CFO"), Bart Munn, will be leaving Calloway at the end of this month to become CFO of Loblaw Companies Limited's soon to be formed Real Estate Investment Trust.
As part of Calloway's succession planning process, replacing Mr. Munn on an interim basis will be the Trust's current Vice President and Controller, Mario Calabrese, who has been with Calloway for six years, is a Chartered Accountant, and has an extensive background in all aspects of real estate.
"We wish Bart well in his new role and thank him for his eight years of dedicated service to Calloway," noted Huw Thomas, interim President and CEO. Thomas added, "I am very confident in the quality and experience of the senior management group led by myself, Rudy Gobin, our Executive Vice President, Asset Management, and Mario. Together we have extensive experience in all aspects of real estate investments, operations, and the public and capital markets. The entire Calloway team remains very focused on continuing to deliver strong financial results from the Trust's exceptional portfolio of assets which have consistently delivered at or above 99% occupancy levels over the last three years."
Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6.2 billion. It owns and manages approximately 26 million square feet in 118 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit www.callowayreit.com.
Calloway Real Estate Investment Trust
President and Chief Executive Officer
(905) 326-6400 x7649
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