Melcor Announces $80.875 Million Sale to Melcor REIT

EDMONTON, AB–(Marketwired – December 04, 2017) – Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, announced today that it has agreed to sell a portfolio of five commercial properties comprised of 172,629 sf gross leasable area (GLA) at ownership percentage to Melcor Real Estate Investment Trust (the REIT) for $80.875 million (excluding transaction costs).