Melcor Real Estate Investment Trust - Edmonton, AB

Melcor Developments is a diversified Canadian real estate development and asset management company with roots dating back to 1923. Headquartered in Edmonton, Alberta, the company (TSX: MRD) manages the full life cycle of real estate development from acquiring raw land through community planning, construction, and development to managing leasable office, retail, and residential sites. The company develops mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Primary markets include Calgary, Edmonton, Lethbridge, and Red Deer in Alberta, as well as Regina in Saskatchewan and Kelowna in British Columbia. Melcor also holds assets in Arizona and Colorado. The company is family controlled, with executive chairman Timothy Melton representing the third generation of leadership. Melcor operates through four business segments: Land, Properties, REIT (until April 2025), and Golf. In April 2025, Melcor completed an arrangement to acquire Melcor REIT, consolidating its portfolio.