IRVINE, CA-MBK Homes, a leading Southern California builder, is expanding its reach in the market, having recently increased its land holdings under the new leadership of Matt Hamilton, VP of residential land acquisition.

These key purchases have grown MBK's portfolio in Orange and Los Angeles counties, with three new home communities soon to debut.

With the support and financial backing of MBK Real Estate Ltd., the US. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations, the acquisitions reflect MBK Homes' recent growth strategy put in place to meet the uptick in demand that is occurring as market conditions continue to improve. The combined factors of limited land availability, a steadily growing population, and the recent downturn have created a pent-up need for housing, spurring MBK to put renewed focus on expansion.

“Since being given the green light to buy land, Matt has acquired three excellent properties in quick succession, expanding MBK's land portfolio: Sea House, Jacaranda and Vineland Metro,” said Tim Kane, president of MBK Homes. “Over the last seven and a half years at MBK, Matt has demonstrated incredible competency in all of his undertakings. I am pleased to announce his promotion to vice president of residential land acquisition for MBK Homes.”

With more than 14 years in the real estate industry, Hamilton brings formidable insight and extensive experience to the position. Hamilton began his career at Opus West in Irvine, where he served in a project management capacity. Hamilton joined MBK Homes in October 2005, where he first held the position of project manager in the community development department and was later promoted to senior project manager. Last year, he was named director of land acquisition, a title he held until his recent promotion..

The three recent acquisitions that Hamilton orchestrated will all open as single-family home communities.

The largest of the three communities is Jacaranda, which offers 45 detached homes in two-story designs ranging from approximately 1,605 to 1,852 square feet.

Also soon to open in Orange County is Sea House, a contemporary collection of 33 detached homes in the heart of Costa Mesa, near top shopping, dining and entertainment destinations. These three-story residences feature rooftop decks and open floor plans encompassing 1,587 to 1,785 square feet.

Meanwhile, Vineland Metro is rising near the charming NoHo Arts District of Los Angeles. This intimate community in North Hollywood features 27 homes, which range from approximately 1,628 to 1,920 square feet

In addition to Jacaranda, Sea House and Vineland Metro projects, MBK has also increased its portfolio with another new home townhome community in Signal Hill that recently opened and a multifamily apartment complex whose construction will begin in northern San Diego later this year.

Newly unveiled in Signal Hill, the gated community of Aragon is comprised of 81 solar-powered townhomes that feature classic Spanish-inspired architecture, private decks and beautifully appointed interiors perfect for entertaining.

MBK is slated to begin construction on its multifamily rental community by year's end. The site of the 100-unit development is located in the San Diego County.

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 Homes' 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. The firm is recognized consistently by homebuyers for exceptional purchase and ownership experience through the Eliant national survey systems.

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

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MBK, New VP Expand Holdings

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