Smart Centres Real Estate Investment Trust, better known as SmartREIT, is the result of a merger between SmartCentres and Calloway REIT. Following the purchase of the former by the latter in 2015, the combined company began to manage all phases of the development process. SmartREIT has been behind a number of mixed-use projects throughout Ontario. In particular, they have worked extensively on master-planned communities such as the new Vaughan Metropolitan Centre. While the company has successfully integrated most phases of development under one banner, they also recognize the benefits of collaboration. This is evident in their partnership with noted developer CentreCourt.