Melcor REIT's Board of Trustees announced that pursuant to the terms of the asset management agreement with Melcor Developments Ltd. (Melcor), Andrew Melton will be appointed President & Chief Executive Officer of Melcor REIT effective April 15, 2017. Mr. Melton will step down as Chairman of the Board but will remain a Trustee. Mr. Melton was instrumental in the formation of the REIT.

As part of these executive changes, Ralph Young will assume the position of Chairman of the Board effective April 15, 2017. Darin Rayburn will be nominated as a Trustee at the April 26, 2017 Annual General Meeting.