Cal-Bay International, Inc. intends to operate as a real estate investment trust in the United States. As of June 30, 2005, the company had interests in Aspen Cove, Utah that consisted of a 45 acre lakefront package of development land and an operational 14 room lakefront lodge; and a single family 2500 square feet residence on Valley lane in Las Vegas. Cal-Bay International is based in San Diego, California.