Multifamily Housing Industry Mourns the Passing of The ITEX Group Founder and CEO Ike Akbari

Multifamily Housing Industry Mourns the Passing of The ITEX Group Founder and CEO Ike Akbari

PORT ARTHUR, TX. – Founder and CEO of The ITEX Group, K. T. “Ike” Akbari, passed away Saturday, May 9, 2015 at his residence in Houston, Texas after a prolonged illness.

After earning his Masters degree in Industrial Engineering in 1977 from Lamar University, Ike began his career working for Park Central Management, owned by the Hayes family. Ike specialized in land use and development, creating affordable housing for thousands and helping make better communities in Southeast Texas and beyond.

Ike founded the ITEX Property Management in 2003 and immediately began expanding development of affordable housing, including creating ICON Builders to handle complete construction of these facilities. His companies currently employ some 160 people, primarily across the Golden Triangle and in Houston, and include 39 properties with over 4,200 units.

As a successful entrepreneur, he was a staunch believer in giving back to the communities he served, becoming an active member in the Greater Port Arthur Chamber of Commerce and Rotary Club of Port Arthur. Ike also served his industry as past president of the Board of the Affordable Housing Management Association, past president of Southeast Texas Apartment Association and served on the Board of the Builders’ Association of Southeast Texas.

Ike was a very generous man, continually giving more of his time and resources, than could be imagined. And as much as he gave to others, he gave even more to his family, being a devoted husband, father and grandfather.

K. T. “Ike” Akbari is survived by his Wife, Cheryl Akbari, son Chris Akbari and daughter Crystal Maryam Gonzalez, grandsons Christopher Luca and Nicolas Kyoomars, brothers Hosain, Nouri, Norman, Rashid and Haji, sister Fahrsheda, son’s wife Amanda Akbari and daughter’s husband Marc Gonzalez.

In lieu of flowers, the family requests a donation be made to Gift of Life and Livestrong Organization.

Visitation will be a Gathering of Mr. Akbari’s Family and Friends, Saturday, May 16, 2015, 10 am – 12 pm, at Broussard’s Mortuary, 505 12th Street, Nederland, TX 77627 with services following at 12 pm. For additional information contact Broussard’s at 409-292-1396.

Source: The ITEX Group / #Multifamily #Developer

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