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Press release from Marketwire

Calloway REIT Declares October 2010 Distribution

Monday, October 18, 2010

Calloway REIT Declares October 2010 Distribution11:36 EDT Monday, October 18, 2010TORONTO, ONTARIO--(Marketwire - Oct. 18, 2010) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced that the trustees of the REIT have declared a distribution for the month of October 2010 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on November 15, 2010 to unitholders of record on October 29, 2010.About CallowayCalloway Real Estate Investment Trust is an unincorporated open-end real estate investment trust created to invest in a geographically diversified portfolio of high quality retail shopping centres in Canada.FOR FURTHER INFORMATION PLEASE CONTACT: Calloway Real Estate Investment Trust Bart Munn Chief Financial Officer (905) 326-6400 ext. 7631