Our Executive Team

Chris Akbari

Chris Akbari

CEO, President

Chris is the President of The ITEX Group. He serves on the Investments Team, is a member of the Investments Committee, and directs the Construction, Development, Investment, and Management divisions.

Before joining The ITEX Group, Chris graduated from Lamar University with a Finance degree and has been associated with The ITEX Group since 2005.

Chris is an active member of the Urban Land Institute, National Affordable & Workforce Housing Council, Texas Affiliation of Affordable Housing Providers, Texas Apartment Association, and the National Multifamily Housing Council.

Clark Colvin

Clark Colvin

Executive Vice President

Clark is a Executive Vice President of Real Estate Investments and Development. He serves on the Investments team and is a member of the Investments Committee.

Prior to joining The ITEX Group, Clark accumulated over thirty years of executive level experience in capital intensive industries including electric utilities and petrochemicals. His work experience includes twenty-eight years in industrial real estate development, financing, and marketing. He earned graduate degrees in business and law and has held an active license to practice law for thirty-one years.

BOBKEN SIMONIANS

BOBKEN SIMONIANS

Sr. Vice President

Bobken is a Sr. Vice President and Managing Director of Real Estate Investments and Development. He serves on the Investments team and is a member of the Investments Committee.

Prior to joining The ITEX Group, Bobken previously worked for Houston Housing Authority as VP of Real Estate Investments & Development and has developed, constructed, and modernized over 1,000 units in the HHA portfolio. Prior to HHA, Bobken worked as Housing Director for the City of Los Angeles Housing Department. Bobken has over thirteen years of banking and underwriting experience and holds an MA Degree in Economics from California State University, Los Angeles and a BS Degree in Economics with Minors in Management and Mathematics from the University of Massachusetts.

TIM NOLAN

TIM NOLAN

Chief Financial Officer

Timothy is the Chief Financial Officer of The ITEX Group. As CFO, he is focused on managing the financials for all of the Investment, Development, Construction, and Management divisions.

Timothy has fifteen years of finance and accounting experience including capital asset management, corporate tax and accounting, and working with large net worth individuals. He has held positions with the Texas Attorney General’s office, a boutique CPA firm, and multiple Fortune 500 companies.

He received his undergraduate degree in Accounting from St. Edward’s University in Austin, Texas and his MBA from Washington University in St. Louis, Missouri. Timothy enjoys spreadsheets, cars, and spending time with his family.

KEVIN HARDY

KEVIN HARDY

Executive Vice President of Construction

Kevin is the Executive Vice President of Construction, he has many years of successful experience leading the long-term planning, and daily operations of major U.S. construction organizations. He directed the development of domestic and international properties of all types and sizes ranging in value from $1.2M to $220M.

He most recently served as Executive Vice President of Killian Construction of Springfield, MO. His more than 20-year career in construction management included other successful roles as Vice President of Operations providing oversight for design/build and general construction operations for projects with a total value of approximately $50M.

WILL MOYERS

WILL MOYERS

Vice President of Acquisitions and Real Estate Development

Will is the Vice President of Acquisitions & Development, he is actively involved in all aspects of the development process and leads ITEX’s investment committee. Whether Market-Rate or Affordable, rehab or new construction, he analyzes a project’s financial feasibility among various funding structures and recommends the best course of action to insure the success and diversity of ITEX’s future real estate investments. He was heavily involved in developing ITEX’s first student housing development and has worked on multiple mixed-finance developments with Low-Income Housing Tax Credits, Historic Tax Credits, Block Grants, and HUD financing.

Will is focused on expanding ITEX’s national footprint and is an active member in Affordable Housing Organizations in Texas, Louisiana, Colorado and Florida. He works with several Public Housing Authorities to redevelop their existing public housing portfolios, including HUD’s RAD program. He has nearly 10 years of experience in the banking and finance industry, and holds a Degree from Texas State University.

MIRANDA SPRAGUE

MIRANDA SPRAGUE

Vice President of Development

Miranda is the Vice President of Development,  she has served as Project Manager for multiple mixed-finance projects. She has worked with housing authorities to obtain HUD approvals including, but not limited to, Authority to Use Grant Funds, Mixed-Finance, Subsidy Layering Review, Site and Neighborhood Standards, and SAC Demolish/Disposition approvals. She has also been involved in completing RAD applications for HUD. 

She has experience with 4% noncompetitive Housing Tax Credits with bond financing, 9% competitive Housing Tax Credits, and Community Development Block Grant – Disaster Recovery (CDBG-DR) Funds. Miranda earned a Bachelor Degree in Business Administration from the University at Albany in Albany, New York.

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