Melcor REIT's The Village at Blackmud Creek. (Photo: Melcor REIT)

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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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.