Melcor Developments Ltd

TSX:MRD

Melcor Developments Ltd. is a diversified real estate development and asset management company, which develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. The company is headquartered in Edmonton, Alberta and currently employs 124 full-time employees. The firm develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The firm's divisions include community development, property development, investment properties, REIT and recreational property divisions. Community development is engaged in acquiring raw land for commercial and residential community development. Property development is engaged in developing retail, office and industrial income producing properties on serviced commercial sites developed by community development. Investment properties manages and leases the commercial developments produced by the property development. The REIT owns and holds approximately 39 income producing properties. Recreational Properties owns and operates championship golf courses associated with its residential communities.