Acquisition Highlights

- Single tenant office building with gross leasable area of 23,432 sq. ft. 

- 100% occupied with a new tenant

- Immediately accretive to AFFO

- Strategic west Edmonton location with excellent exposure to major arteries

Melcor REIT (TSX:MR.UN) today announced that it has acquired an office building
for $5.55 million (excluding closing costs). 


Darin Rayburn, Chief Executive Officer of Melcor REIT commented: "We continue to
execute on our growth strategy with this acquisition, which brings our GLA
growth to 17% since IPO. The well-maintained, formerly owner-occupied building
is a strong complement to our West Edmonton property portfolio." 


Management expects the acquisition to be accretive to AFFO by $0.01 per unit on
an annualized basis. The acquisition will be funded with cash on hand. 


About Melcor REIT 

Melcor REIT is an unincorporated, open-ended real estate investment trust.
Melcor REIT owns, acquires, manages and leases quality retail, office and
industrial income-generating properties with exposure to high growth Canadian
markets. Its portfolio is currently made up of interests in 32 properties
representing approximately 1.84 million square feet of gross leasable area
located across Alberta and in Regina, Saskatchewan and Kelowna, British
Columbia. For more information, please visit www.melcorREIT.ca. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Melcor REIT - Business Contact
Darin Rayburn
Chief Executive Officer
Tel: 780.423.6931
info@melcorREIT.ca


Melcor REIT - Investor Relations
Jonathan Chia, CA
Chief Financial Officer
Tel: 780.423.6931
ir@melcorREIT.ca
www.melcorREIT.ca
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