Peter Sweeney has joined Calloway Real Estate Investment Trust (Calloway) as new chief financial officer.

Currently vice-president and chief financial officer for Allied Properties REIT, Sweeney will remain in his position for a period of time until the company appoints his successor.

“While I’m sorry to see Peter leave, I understand and respect his desire to pursue a potentially more expansive role elsewhere,” said Michael Emory, president and chief executive officer of Allied Properties. “On behalf of everyone at Allied, I want to thank Peter for his contribution over the past four years and wish him every success as he embarks on his new career path.”

Sweeney is a highly regarded financial leader with vast experience in real estate, capital markets and the investment communities of Canada and the U.S.

Huw Thomas, president and chief executive officer of Calloway, expressed how a person of Sweeney’s calibre will greatly enhance the company.

“I believe his professionalism, knowledge and passion for excellence will significantly increase the capabilities of our organization, and I look forward to working with him and the rest of our management team to continue to develop a compelling long-term growth agenda for Calloway,” Thomas said.