Melcor Developments Ltd T.MRD

Alternate Symbol(s): MODVF

Real Estate Real Estate - General

Melcor Developments Ltd. is a diversified real estate development and asset management company The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. The Properties segment owns approximately 24 leasable commercial, retail and residential properties and other rental income producing assets, such as parking lots and land leases. The REIT segment owns approximately 38 leasable commercial and retail properties and other rental income producing assets, such as residential property, parking lots and land leases. The Golf segment owns and manages three 18-hole golf course operations (one of which is 60% owned) and has a 50% ownership interest in one 18-hole golf course.

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Melcor Developments Ltd

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Post by Hull534on Jul 07, 2023 5:01pm

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Post# 35531615

Calgary Home sales and other things

More news is coming into focus with what will be significant home sales in Alberta this year .
Calgary real estate market sizzles as newcomers flock to Alberta (msn.com)

Lots of stories of increased population growth in Edmonton also . While Boardwalk with its appartment rentals is getting a boost. Melcor has not had any time in the limelight . I expect this to change soon. Just anecdoatally , we were phoning our bank in Edmonton and in talking to the Manager , the are extremely busy . Things might not start to hit MRD to the third quarter , but at almost 6% dividend i can wait .

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