Smart Real Estate Investment Trust, formerly known as Calloway Real Estate Investment Trust, open-ended mutual fund trust. The Trust develops, leases, constructs, owns and manages shopping centers in Canada, both directly and through its subsidiaries, Smart Limited Partnership, Smart Limited Partnership II and Smart Limited Partnership III. The Trust owns approximately 140 shopping centers with total gross leasable area of over 31.1 million square feet and approximately 10 development properties, located in communities across Canada. Its objectives are to provide Unitholders with stable and growing tax-deferred cash distributions through the acquisition, development and operation of a portfolio of unenclosed retail centers. Its retail properties include Alliston SmartCentre, Aurora North SmartCentre, Bradford SmartCentre, Centennial Parkway Plaza, Fredericton North SmartCentre, Kenaston Common SmartCentre, Mascouche North SmartCentre and New Westminster SmartCentre.