Timothy Kane retired as president and CEO of Irvine, CA-based MBK Homes, LLC, a diversified U.S. unit of Tokyo-based Mitsui & Co., Ltd., effective March 31st. Kane, who spent 21 years with the company, is succeeded by Craig Jones, who assumes the role of president.
Kane was instrumental in MBK’s expansion beyond building for-sale single and multifamily housing communities. Diversification included the development of rental housing communities, apartment property acquisition, and distressed asset renovation.
Jones, who most recently served as VP of Acquisitions and Asset Management at MBK, brings more than two decades of experience in acquisition, asset management, strategic planning, and market research to his new role. Prior to joining MBK, Jones spent 11 years at the Irvine Company where he was responsible for apartment portfolio asset management, and the acquisition of more than 7,200 apartment units valued at $2.2 billion.
For comments, questions or concerns, please contact Dennis Kaiser