Melcor Developments Ltd., trading over the counter under the ticker MODVF, is a diversified real estate development and property management company headquartered in Edmonton, Alberta. Established in 1923, the firm began by acquiring and developing rural land in the Edmonton region and has since expanded into a full-service real estate enterprise. Melcor’s business model encompasses land acquisition, planning, financing, construction and project marketing, allowing it to retain control of developments from conception through to lease-up or sale.
The company operates across two core segments: Property Development and Property Administration. In its development arm, Melcor specializes in creating residential subdivisions, master-planned communities, retail centres, office complexes and industrial parks. Its integrated approach covers everything from land entitlement and servicing to building construction, positioning Melcor to capture value at each stage of the development cycle. Parallel to this, the Property Administration segment provides asset management, leasing, maintenance and condominium management services for a portfolio of rental apartments, retail and office properties.
Geographically, Melcor focuses primarily on Western Canada, with projects and managed assets located in key markets such as Alberta, British Columbia and Saskatchewan, as well as select initiatives in Ontario. The firm maintains a strategically diversified land bank and property portfolio, balancing urban infill sites with suburban greenfield projects to respond to changing demographic and market dynamics. This geographic reach allows Melcor to leverage local market knowledge while benefiting from broad regional trends.
Under the guidance of a leadership team composed of seasoned real estate and finance professionals, Melcor emphasizes prudent capital allocation, disciplined land development and long-term asset management. The company’s culture is anchored in its nearly century-long history of family stewardship, a focus on community engagement and a commitment to delivering quality built environments for homeowners, tenants and investors alike.
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