Retrocom Mid Market Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust (REIT). Its portfolio of retail properties is geographically diversified across Canada with approximately 48% of its total gross leasable area in Ontario and 40% of total gross leasable area west of Ontario. The majority of the western portfolio, or 27% of the total gross leasable area, is located in Saskatchewan. As of December 31, 2011, the REIT owned and operated 32 investment properties. On May 6, 2011, the REIT closed the acquisition of four investment properties from Calloway REIT. In July, 2011, the REIT acquired a 30% interest in a limited partnership (the Joint Venture). In October 2011, the REIT sold its adjacent property located at 1480/1490 Dundas Street East to the Joint Venture. On February 14, 2012, the REIT completed the sale of the Wetaskiwin Mall in Wetaskiwin, Alberta. In December 2012, the Company acquired three investment properties from Calloway REIT.