Craig Jones Joins MBK Homes as Vice President, Multifamily Acquisitions

Position Will Help Bring New Growth Opportunities as Company Expands Into Residential Sectors Beyond Homebuilding

Irvine, CA (prHWY.com) May 25, 2012 - MBK Homes, the leading builder recognized consistently by homebuyers for exceptional purchase and ownership experience through the Eliant national survey systems, has announced that Craig Jones has joined the company as Vice President, Multifamily Acquisitions. As a foremost expert in apartment acquisition, asset management, strategic planning and market research efforts, Jones will focus on developing an apartment investment strategy, sourcing and acquiring land for the development of multifamily rental communities, and searching for existing value-add apartment opportunities, targeting a five county region throughout Southern California. This new position is part of MBK Homes' overall expansion in addition to for-sale housing and into other residential sectors such as REOs, apartments and rentals, which provides new opportunities for long-term sustainability and growth.

"While we continue our homebuilding operations, we've recognized the need to broaden our mission to be a provider of all types of shelter, not just a builder of new homes," said Tim Kane, President of MBK Homes. "Craig's apartment acquisition and operational expertise will be instrumental in the growth and success of our expanded focus on rental housing."

Jones is a real estate professional with over 14 years experience. Prior to joining MBK Homes, Jones spent 11 years at The Irvine Company most recently as the Senior Director of Apartment Acquisitions & Asset Management.

About MBK Homes
MBK Homes is active in the development of for-sale single- and multi-family housing communities, rental housing, apartment property acquisition, and distressed asset renovation. Through its various housing solutions, MBK Home's mission is to provide top quality shelter to residents in California. Throughout its nearly 20 years, MBK Homes has earned a reputation for delivering award winning customer satisfaction in housing that is innovative in design, comfort, sustainability and craftsmanship, all at an excellent value.

MBK Homes is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations. MBK Real Estate's companies span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions.

MBK Homes is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1000, Irvine, CA 92614; phone (949) 789-8300; fax (949) 789-9300; or visit the website at http://www.mbkhomes.com.


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Tag Words: land acquisition, multifamily rental, mitsui, mbk homes, reo, for sale apartments, land development, building

Categories: Real Estate

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