Calloway Real Estate Investment Trust

Calloway Real Estate Investment Trust

November 15, 2005 10:00 ET

Calloway Announces Appointment of Chief Financial Officer

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2005) - Calloway Real Estate Investment Trust (TSX:CWT.UN) (TSX:CWT.DB) announced today that Mr. Bart Munn has been appointed to the position of Chief Financial Officer of the Trust effective December 12, 2005. Mr. Munn is currently Chief Financial Officer of a Toronto based real estate operating company listed on the Toronto Stock Exchange. He has spent more than 20 years in the real estate industry, with extensive experience in accounting, treasury, capital markets and mergers and acquisitions.

Mr. Munn is a chartered accountant and has a Bachelor of Commerce degree from Queen's University. He will be located in Calloway's Toronto offices.

Mr. Simon Nyilassy, President and Chief Executive Officer of Calloway, said, "We look forward to the addition of Mr. Munn to our team and to the experience he will bring to the operation and continued growth of one of Canada's largest REIT's." Mr. Munn will be replacing Mr. Mark Suchan, who has made an outstanding contribution to the success of Calloway, since it's formation in Calgary in 2002.

Calloway Real Estate Investment Trust is an unincorporated open-end real estate investment trust focused on the acquisition of high quality retail properties.

The Toronto Stock Exchange neither approves nor disapproves of the contents of this Press Release.

Contact Information

  • Calloway Real Estate Investment Trust
    Simon Nyilassy
    President and Chief Executive Officer
    (905) 326-6400
    or
    Calloway Real Estate Investment Trust
    700 Applewood Crescent, Suite 200
    Vaughan, Ontario, L4K 5X3
    Website: www.callowayreit.com