After publicly opposing Melcor Developments’ (MRD-T) bid to take Melcor REIT (MR-UN-T) private for the past several months, FC Private Equity Realty Mgmt. Corp. (Firm Capital) and Telsec Property Corp. have done an about-turn and agreed to support the move.
Melcor REIT (MR.UN-T) has sold the 283,000-square-foot Melcor Crossing retail power centre in Grande Prairie, Alta., and has announced the end of the “go-shop” period related to Melcor Developments’ controversial bid to take the trust private.
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