EDMONTON, AB–(Marketwired – January 12, 2018) – Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, announced today that it has completed the sale of five commercial properties comprised of 172,629 sf gross leasable area (GLA) at its ownership percentage to Melcor Real Estate Investment Trust (the REIT) for $80.875 million (excluding transaction costs).