IRVINE, CA—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.
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.
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.