Melcor Real Estate Investment Trust announced that, as part of a planned succession, Andrew Melton will step down from his position of President and Chief Executive Officer effective October 1, 2019. Mr. Melton will remain a member of the REIT's Board of Trustees. Pursuant to the terms of the Asset Management Agreement with Melcor Developments Ltd., the REIT's Board of Trustees will appoint Darin Rayburn as President and Chief Executive Officer of the REIT in addition to his role of President and CEO of Melcor, effective the same date.

Mr. Rayburn has over 25 years of experience in commercial real estate and was instrumental in the formation and initial public offering of the REIT. He served as the REIT's Chief Executive Officer until April 15, 2017 when he was appointed President and Chief Executive Officer of Melcor.