Calloway Real Estate Investment Trust: First Quarter Results and Conference Call

    TORONTO, April 30 /CNW/ - Calloway REIT (TSX:CWT.UN) announced today that
it will issue its financial results for the three months ending March 31, 2007
on Wednesday May 9, 2007.
    Calloway will hold a conference call on Thursday May 10, 2007 at
9:00 a.m. Eastern Time. Participating on the call will be members of
Calloway's senior management.
    Investors are invited to access the call by dialing 1-888-243-1119. You
will be required to identify yourself and the organization on whose behalf you
are participating. A recording of this call will be made available May 10,
2007 beginning at 11:00 a.m. (ET) through to 11:59 p.m. (ET) on May 17, 2007.
To access the recording please call 1-800-558-5253 and use the reservation
number 21337504.

    %SEDAR: 00017520E

For further information:

For further information: Calloway Real Estate Investment Trust, Simon
Nyilassy, President and CEO, (905) 326-6400 ext. 7649; or Calloway Real Estate
Investment Trust, Bart Munn, Chief Financial Officer, (905) 326-6400 ext.
7631; or Calloway Real Estate Investment Trust, 700 Applewood Crescent, Suite
200, Vaughan, ON, L4K 5X3, (905) 326-6400, (905) 326-0783 (FAX), Website:

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