ITEX was originally founded as Park Central Management Inc in 1981.
In 1986, the eventual founder of ITEX, K.T. “Ike” Akbari, joined Park Central and quickly worked his way up through the company’s ranks to become Vice President in charge of Property Supervision in 1992.
Through careful analysis of the markets, investment management and
attention to detail Ike was able to quickly grow both the company’s portfolio
and his own stake in the company. He acquired ownership of Park Central
Management in 2002 and merge it with ITEX the same year.
Ike brought two guiding principles with him when he formed the Property Management Division; personal integrity and social responsibility in business. Using these as a guide ITEX has assembled a core group of quality employees that optimize the properties of our partners and stakeholders. The Property Management Division has now grown a portfolio that manages over 50 properties, 6,500 units its and has overseen the development or refurbishing of millions of dollars’ worth of real estate.
To be the preeminent real-estate development, construction management and investment organization maximizing shareholder value in a socially responsible manner.
Leading From a Strong Foundation
Over the last thirty years, ITEX has grown beyond anyone’s expectations. With a firm vision of the future and our values, we have been able to partner with local governments, housing authorities, non-profit providers, community leaders, and employers to have a strong positive impact on the cities in which we invest.
Using our principals to develop thriving communities in over 30 cities across the United States, we have been able to not only increase the value of our stakeholder’s holdings but also have to a positive impact on people’s lives within the communities in which we operate.
ITEX pursues a broad range of real estate investments that offer risk-adjusted returns to our investors and clients. The key to ITEX’s success is a dedication to fair and equitable relationships with investors. The philosophy is simple, treat investor’s capital as our own and co - invest our capital in every transaction
ITEX specializes in development, investment, and management. ITEX provides a full range of services to its partners and owners. Our goal is to create value and maximize revenue for our partners. Services include investment analysis, property management, asset management, development, and much more.
We provide a full range of services to our partners, property owners and stakeholders both internal and external.