Melcor REIT Announces the Exercise of the Over-Allotment Option

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Melcor Real Estate Investment Trust (TSX:MR.UN) (the "REIT") announced today
that pursuant to the underwriting agreement dated April 23, 2014 between the
REIT, Melcor Developments Ltd. and a syndicate of underwriters (the
"Underwriters") co-led by RBC Capital Markets and CIBC, and including Scotia
Capital Inc., TD Securities Inc., National Bank Financial Inc., Desjardins
Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Laurentian Bank
Securities Inc. and Raymond James Ltd., the Underwriters have exercised their
option to purchase 245,000 additional trust units of the REIT at a price of
$10.65 per trust unit for aggregate consideration of $2,609,250. The closing of
the over-allotment is expected to be completed on May 16, 2014. 


About Melcor REIT

Melcor REIT is an unincorporated, open-ended real estate investment trust.
Melcor REIT owns, acquires, manages and leases quality retail, office and
industrial income-generating properties with exposure to high growth Canadian
markets. Its portfolio is currently made up of interests in 31 properties
representing approximately 1.81 million square feet of gross leasable area
located across Alberta and in Regina, Saskatchewan and Kelowna, British
Columbia. For more information, please visit www.melcorREIT.ca.


Forward-Looking Statements

This press release may contain forward-looking information within the meaning of
applicable securities legislation, which reflects the REIT's current
expectations regarding future events. Forward-looking information is based on a
number of assumptions and is subject to a number of risks and uncertainties,
many of which are beyond the REIT's control, that could cause actual results and
events to differ materially from those that are disclosed in or implied by such
forward-looking information. Such risks and uncertainties include, but are not
limited to, general and local economic and business conditions; the financial
condition of tenants; the REIT's ability to refinance maturing debt; leasing
risks, including those associated with the ability to lease vacant space; and
interest rate fluctuations. The REIT's objectives and forward-looking statements
are based on certain assumptions, including that the general economy remains
stable, interest rates remain stable, conditions within the real estate market
remain consistent, competition for acquisitions remains consistent with the
current climate and that the capital markets continue to provide ready access to
equity and/or debt. All forward-looking information in this press release speaks
as of the date of this press release. The REIT does not undertake to update any
such forward-looking information whether as a result of new information, future
events or otherwise.


Additional information about these assumptions and risks and uncertainties is
contained in the REIT's filings with securities regulators. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Melcor Real Estate Investment Trust
Business Contact
Darin Rayburn
Chief Executive Officer
780.423.6931
info@melcorREIT.ca


Melcor Real Estate Investment Trust
Investor Relations
Jonathan Chia, CA
Chief Financial Officer
780.423.6931
ir@melcorREIT.ca

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