Melcor REIT closes acquisition of five commercial properties

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Toronto Stock Exchange-listed Melcor REIT announced on 12 January that it has closed the acquisition of five commercial properties from its backer, Melcor Developments Ltd.

The properties will add approximately 172,629 square feet of gross leasable area to the REIT’s portfolio, and will be managed by Melcor Developments as the REIT's external asset manager, and property manager.

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