IRVINE, Calif.- (MELTWATER)—MBK Real Estate LLC (MRE) is pleased to announce the appointment of Kenji Iwai as the company’s next Chairman of the Board and President, effective October 31, 2023. Mr. Iwai succeeds Katsuo “Katsu” Yamanaka, who has led MRE’s growth, including its entry into the logistics market, since 2017. Mr. Iwai, who joined MRE’s parent company, Mitsui & Co. Ltd., in 1997, will be responsible for the overall management of MRE. He will oversee the development and execution of the company’s strategic initiatives and goals, including its focus on the company’s expanding network of capital partners while guiding the organization’s fiscal function and performance.
“I am honored to be part of this dynamic company, and work with a team that is dedicated to providing exceptional returns to our parent company as well as our expanding pool of investment partners,” said Mr. Iwai. “I look forward to contributing to the continued success of MRE and helping to shape the future of the company.”
Mr. Iwai has held various leadership positions within Mitsui & Co. Ltd., most recently as Deputy General Manager, Human Resources & General Affairs Division and Corporate Planning Division. Mr. Iwai previously served as General Manager of the US Real Estate Business, Strategic Planning and Investment Management Department.
”Kenji’s extensive experience in the real estate industry, focus on strategic planning, combined with his past experience with MBK Real Estate, make him the ideal leader to guide the company into the future,” Mr. Yamanaka said. “His dedication to innovation, quality, and customer service will undoubtedly help us to expand our reach and continue to provide exceptional value in real estate solutions to our clients.”
After earning a degree in Engineering from the University of Tokyo, Mr. Iwai joined Mitsui in 1997 in the company’s Residential Business Division in Tokyo. He has worked in various capacities in Asia, Europe, and the US.
About MBK Real Estate LLC
MBK Real Estate (mbk.com) is a leading developer and investor in senior living communities, multi-family residential and industrial real estate. Founded in 1990, MBK brings three decades of experience developing, acquiring and operating award-winning projects and providing outstanding standards of service. MBK Real Estate is a wholly owned subsidiary of Mitsui and Co. Ltd., a global Fortune 500 company.
