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Alberta & Prairies  + Canada  + Finance  | 
Naomi Stefura combines her skills across two commercial real estate organizations.

Stefura Combines Skills Across Two Organizations

(Connect CRE is spotlighting the inaugural winners of the Canadian Women in Real Estate Awards. In this article, we profile Naomi Stefura, who serves as COO and CFO of Edmonton-based Melcor Developments and CFO and trustee for related Melcor REIT.)

Naomi Stefura does more than just crunch numbers.

Stefura combines her multiple skills across two organizations, serving as the COO and CFO of Edmonton-based Melcor Developments and CFO and trustee for related Melcor REIT. The development side of the operation has more than $2 billion in assets, and both entities trade on the Toronto Stock Exchange with Stefura playing a major role in regulatory compliance.

A 15-year commercial real estate industry veteran, she oversees all aspects of the company and REIT’s financial health and risk management as well as corporate services, including IT, human resources, marketing and communications. While leading the joint finance team, she develops systems and metrics to support the growth and strategic direction of both organizations.

In addition, she oversees financial planning and analysis and management reporting and ensures financial reporting integrity through proper controls and processes to provide assurance on regulatory compliance.

Before being promoted to COO in 2022, Stefura was appointed CFO in 2016, becoming one of the youngest women to achieve the position with a Canadian publicly traded organization. Prior to joining Melcor in 2008 as a controller, she served as a senior audit associate with PricewaterhouseCoopers. In that role, she oversaw Melcor’s audit.

In 2019, Stefura received a Top 40 Under 40 Award from what is now known as Edify magazine. Two years later, she helped Melcor crack Report on Business magazine’s Women Lead Here List.

Women comprise the majority of Melcor’s management committee.

Also in 2021, Stefura oversaw the launch of Melcor’s Working Mind program, which seeks to change behaviours and attitudes regarding people living with mental illness. Working Mind is designed to empower managers with tools that identify and support the mental health of their teams.

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Inside The Story

Naomi StefuraMelcor Developments

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
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