Recently, Itex Property Management and the Greater Orange Area Chamber of Commerce hosted a ribbon-cutting for Cypresswood Village Residential. Orange Mayor Brown Claybar did the honors of cutting the ribbon. 

Cypresswood is Itex’s newest community in Orange, featuring luxury-style apartments as well as single family home sites available for purchase. The neighborhood features convenient shopping and many other amenities. In addition, the commercial development portion of this community has plans to begin in 2009.

Itex was formed in 2003 by K.T. “Ike” Akbari, founder and president. Soon after, Chris Akbari, Ike’s son, joined the team, bringing his knowledge of business and technology to help mold the already blossoming housing provider. Chris Akbari now serves as executive vice president of the Itex Companies. In five years, the Itex multifamily portfolio has grown to more than 2,000 units in Southeast Texas. In addition, Itex has developed more than 300 residential lots and constructed several single family homes.