TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Telsec Property Corporation ('Telsec'), a corporation controlled by Dick Van Grieken, and FC Private Equity Realty Management Corp. ('Firm Capital' and together with Telsec, the 'Offerors') are pleased to announce that since October 22, 2024 they have collectively acquired 237,490 trust units ('Trust Units') of Melcor Real Estate Investment Trust ('Melcor REIT') through both the facilities of the Toronto Stock Exchange ('TSX') and the mini-tender offer proposed by the Offerors (the 'Tender Offer') to unitholders of Melcor REIT other than Melcor Developments Ltd. ('Melcor Parent') and any related party of Melcor REIT or Melcor Parent ('Minority Unitholders').