Real Estate — January 17, 2013

Calloway REIT Declares January 2013 Distribution

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2013) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced that the trustees of the REIT have declared a distribution for the month of January 2013 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on February 15, 2013 to unitholders of record on January 31, 2013.

About Calloway

Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6.5 billion. It owns and manages approximately 26 million square feet in 113 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.

Contact Information

Calloway Real Estate Investment Trust
Bart Munn
Chief Financial Officer
(905) 326-6400 ext. 7631
www.callowayreit.com

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