Melcor REIT Announces Appointment of Chief Financial Officer

EDMONTON, AB--(Marketwired - August 10, 2016) - Melcor Real Estate Investment Trust (TSX: MR.UN) is pleased to announce that Naomi Stefura, the newly appointed Chief Financial Officer of Melcor Developments Ltd., has been appointed as Chief Financial Officer of the REIT effective August 11, 2016 pursuant to the terms of the Asset Management Agreement with Melcor.

Darin Rayburn commented: "I am pleased that Naomi has accepted this role and I'm excited to work with her to continue to execute the REIT's growth strategy. Naomi's experience with and knowledge of the REIT make her a great fit for the role and I'm confident that her transition to this new position will be seamless."

Ms. Stefura's appointment as Chief Financial Officer is permanent and not interim as stated in the press release dated June 23, 2016.

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 38 properties representing approximately 2.78 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.