About Melcor REIT

We acquire, manage and lease quality commercial properties in western Canadian markets and have an established and diversified portfolio.


Melcor REIT is an an unincorporated open-ended real estate investment trust. The REIT is a spin-off of Melcor Developments Ltd.: a company founded in 1923 with a rich tradition of growth and excellence in real estate development. Melcor Developments Ltd. owns a controlling interest in Melcor REIT and sponsored the REITs IPO in 2013. Melcor and the REIT have a synergistic relationship via the REITs right of first offer on commercial properties developed by Melcor. To date, the REIT has completed four vend-ins from Melcor.

Melcor REIT continues to deliver stable results and a consistent monthly distribution to unitholders.
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Our History


With 95 years of stable returns in real estate, Melcor Developments’ legacy is a solid foundation for Melcor REIT. With financial stability, the proven ability to adapt to changing economic and market landscapes, and its dedication to developing high quality investment properties and residential communities, Melcor Developments has earned its reputation as an industry leader.

About Melcor Developments

Our Strategy


Our growth strategy is simple: acquire and improve. We have a proven track record of executing this strategy and have grown our portfolio square footage by 80% since inception. Our unique relationship with Melcor Developments, with a right of first offer on the commercial properties they develop is a key competitive advantage. Melcor has over 6 million square feet in planned commercial developments projected to be completed over the next 5-10 years.

Business Strategy

Key Figures


*at September 30, 2018 unless otherwise noted


Annual Net Operating Income ($000s)*

Occupancy*

    GLA Growth*

      YTD Payout Ratio*


        36

        Assets*

        $67M

        2017 Revenue

        $721M

        Asset Value*

        4

        Vend-Ins

        Management


        Experience matters. It is a key component of our ability to deliver results. Our team is made up of real estate experts with substantial knowledge of the markets where we operate and the buildings we own.


        12.5

        Years average ownership

        65%

        GLA built or redeveloped by Melcor

        500+

        Years property & asset management experience

        95%+

        On-time response to service requests

        Our People


        The strength of our portfolio is in our people. Our team exhibits professionalism and leadership in all areas, and genuinely cares about the work they do and the tenants they serve to ensure that we are the landlord of choice.

        Board & Management


        Our board and management team is backed by a wealth of experience and expertise in real estate and public company stewardship. Learn more about the individuals guiding the direction of Melcor REIT.

        Board & Management

        Commitment to Excellence


        Excellence happens in the details. Learn more about how our dedication to creating attractive properties generates long-term tenants.

        Our Commitment