The Division

Melcor Developments Ltd’s Investment Properties Division is an Edmonton based real estate investment division specializing in the acquisition, development, management, leasing and related services for commercial real estate on behalf of it’s shareholders. Melcor Developments Ltd is publically traded in the Toronto Stock Exchange under the ticker symbol MRD.

The division’s asset portfolio includes over 1,000,000 square feet of downtown and suburban office properties in Edmonton and Calgary as well as a retail portfolios in Leduc, Alberta and Regina, Saskatchewan.

Growth in the Division assets and earnings is achieved by greater property operating efficiencies through hands on relationships with existing clients and heightened realized incomes from existing assets as well as increasing the portfolio size through acquisition and development

Mission Statement

Pride in management, pride in service, pride in ownership.

We focus on tenants as key customers to control tenant retention and ensure maximum return on investments.

Acquisitions

The division seeks out and secures real estate opportunities with stable income and perceived up side in income through proactive management to maximize returns for Melcor Developments Ltd shareholders. Management remains committed to strive for asset profitability and the creation of long term portfolio value.

We promote a disciplined growth strategy focused on maximizing cash flow potential, and making strategic acquisitions that enhance short-term results while laying the foundation for future growth.

Management and Leasing Services

Management Services
The division provides integrated proactive property management, leasing, development and construction management through the “in-house” property management services for the Edmonton properties. Calgary and Regina properties are managed in conjunction with local professional 3rd party property management companies.

Our philosophy is to manage our properties to increase their long-term value, while ensuring day to day operating efficiencies. The division goal is to control and where possible reduce operating costs while improving service, thus directly impacting tenant’s positive experiences while positively affecting the financial bottom line.

Our in house property management team is focused on customer service and strives to provide timely responses to all tenant enquiries

Melcor tenants receive the benefit of reduced costs though economies of scale realized though our bulk purchasing policies and practices.

Leasing Service
A strategic plan is created and implement for each asset to ensure maximum leasing performance is achieved.

Achieving high levels of client satisfaction is directly related to our ability to connect with our customer/tenants and ensure their environment and experiences in our assets are pleasurable. A happy tenant is a long term tenant.

We are confident our pride in our assets evidenced through demonstrated well maintained and well served buildings that offer good value will result in continued high occupancy and tenant retention levels.

The People

Our people are our strongest assets. The Division “team” is a mix of dynamic, innovative and dedicated seasoned and junior real estate professionals responsible for a diverse and ever increasing portfolio of assets requiring creativity and dedication in management, leasing and operations of commercial properties.

The Division, led by Darin Rayburn, has evolved into a fully integrated customer service, property maintenance, leasing, and administration team.

The Assets

The portfolio consists of commercial properties including downtown and suburban office towers, retail centers and future development sites currently used as parking facilities.

The assets are located in Alberta (Edmonton, Calgary, Leduc) and Saskatchewan (Regina).

The Future

Melcor Developments Ltd holds a long term view in investments and relationships and our management and leasing strategy mirrors this philosophy. We have owned commercial real estate assets for over 80 years. Several businesses have been tenants in Melcor assets exceeding 15 years.

As long term owners, we are consistently striving for ways to improve each of our assets and services with long term approaches that result in attention to detail and better maintenance of our properties to better service to our clients.

The Investment Property Division is committed to building long term relationships with clients, suppliers and stakeholders and we strive to maximize the value in our assets and value to customers as measured by them.