NEI General Contracting Company Profile

Background

Overview

NEI General Contracting is a privately held firm specializing in affordable housing construction and rehabilitation. Established in 1998, the company has been dedicated to enhancing the quality of life for communities across the United States by providing comprehensive general contracting and construction management services. With a strong emphasis on integrity and diligence, NEI has successfully delivered over 29,000 homes, offering families improved living conditions.

Mission and Vision

NEI's mission is to build quality affordable housing that fosters better living standards for all. The company's vision centers on creating sustainable and inclusive communities through innovative construction practices and a commitment to social responsibility.

Primary Area of Focus

The firm's primary focus is on the construction and rehabilitation of affordable housing, including ground-up developments, moderate rehabilitations, senior living facilities, skilled nursing homes, and historic preservation projects. NEI's expertise spans various sectors, ensuring the delivery of quality housing solutions tailored to diverse community needs.

Industry Significance

NEI General Contracting holds a significant position in the construction industry, particularly within the affordable housing sector. The company's dedication to quality and community impact has earned it recognition as a Top Impact Company by Real Leaders in 2023 and 2024, highlighting its role in driving positive change through sustainable construction practices.

Key Strategic Focus

Core Objectives

NEI aims to expand its footprint in the affordable housing market by delivering high-quality, sustainable, and inclusive housing solutions. The company is committed to fostering community development and addressing housing shortages through innovative construction methods.

Specific Areas of Specialization

• Affordable Housing Construction: Developing new affordable housing units to meet the growing demand.

• Rehabilitation Projects: Renovating existing structures to provide modern, safe, and energy-efficient living spaces.

• Senior Living Facilities: Constructing and upgrading facilities tailored to the needs of the elderly population.

• Skilled Nursing Homes: Building and refurbishing nursing homes to ensure high standards of care.

• Historic Preservation: Restoring and repurposing historic buildings to preserve cultural heritage while providing functional living spaces.

Key Technologies Utilized

NEI employs advanced construction technologies and sustainable building practices to enhance efficiency, safety, and environmental responsibility. The company integrates energy-efficient systems, modern building materials, and innovative design techniques to deliver high-quality housing solutions.

Primary Markets Targeted

The company operates across the United States, with regional offices in Boston, Florida, and Texas, serving the Northeast, Southeast, and Southwest regions, respectively. NEI focuses on urban and suburban areas experiencing housing shortages, aiming to revitalize communities and provide affordable living options.

Financials and Funding

Funding History

NEI General Contracting has demonstrated strong financial performance, with annual revenues reaching approximately $163.6 million in 2025. The company has secured funding through various channels, including private investments and partnerships, to support its expansion and project development.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, NEI's consistent growth and project portfolio suggest ongoing investment in its operations and strategic initiatives.

Notable Investors

While individual investor information is not publicly available, NEI's financial stability and growth indicate strong backing from private investors and financial institutions committed to supporting affordable housing initiatives.

Utilization of Capital

The capital raised is primarily allocated towards expanding operations, enhancing project capabilities, and investing in sustainable construction technologies. Additionally, funds are directed towards opening new regional offices to better serve diverse markets and communities.

Pipeline Development

Key Pipeline Candidates

NEI is engaged in several notable projects, including:

• Village of Valor: A project in Palm Springs, Florida, involving the construction of two four-story buildings with 54 units of affordable housing for homeless veterans.

• Victoria Crossing: Located in St. Augustine, Florida, this development comprises five three-story buildings totaling 100,000 square feet, offering 96 units of affordable housing.

• Ashley Square Apartments: A six-story, 99,000-square-foot senior housing community in Jacksonville, Florida, providing 120 affordable housing units for residents aged 62 and older.

Stages of Development

These projects are in various stages, from groundbreaking to completion, reflecting NEI's active role in addressing housing needs across multiple regions.

Target Conditions

The developments focus on providing affordable housing solutions for veterans, seniors, and low-income families, addressing critical housing shortages and promoting community well-being.

Anticipated Milestones

Completion timelines vary by project, with some developments expected to be completed in the near future, contributing to the company's ongoing growth and impact in the affordable housing sector.

Technological Platform and Innovation

Proprietary Technologies

NEI integrates sustainable building practices and energy-efficient systems into its projects, utilizing advanced construction technologies to enhance building performance and reduce environmental impact.

Significant Scientific Methods

The company employs modern design techniques and construction methodologies, including the use of energy-efficient materials and systems, to ensure high-quality and sustainable housing solutions.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, NEI's commitment to innovation suggests the potential integration of advanced technologies to optimize project planning, resource management, and construction processes.

Leadership Team

Key Executives

• Josef F. Rettman: President of NEI General Contracting, leading the company's strategic direction and operations.

• Rich Ionelli: Vice President of Southeast Operations, overseeing projects and operations in the Southeast region.

• Mike Myers: Project Executive and leader of Southwest operations, managing projects and teams in the Southwest region.

Professional Backgrounds

The leadership team comprises seasoned professionals with extensive experience in construction management, project development, and affordable housing initiatives. Their expertise drives NEI's success and growth in the industry.

Key Contributions

Under their leadership, NEI has expanded its regional presence, secured significant projects, and received industry recognition for its impact and workplace culture.

Competitor Profile

Market Insights and Dynamics

The affordable housing construction market is experiencing growth due to increasing demand for affordable living spaces and government initiatives supporting housing development. Companies like NEI General Contracting are well-positioned to capitalize on these trends by delivering quality housing solutions.

Competitor Analysis

Key competitors in the industry include:

• Shawmut Design and Construction: A large construction management firm with a diverse portfolio and significant market presence.

• Mascaro Construction: Specializes in various construction services, including affordable housing projects.

• Coakley & Williams Construction: Focuses on general contracting and construction management services.

These competitors vary in size and specialization but share a common focus on delivering quality construction services.

Strategic Collaborations and Partnerships

NEI collaborates with various stakeholders, including developers, architects, and community organizations, to deliver comprehensive housing solutions. These partnerships enhance project capabilities and ensure alignment with community needs.

Operational Insights

NEI's strategic considerations include maintaining a strong focus on affordable housing, expanding regional operations, and integrating sustainable construction practices. The company's commitment to quality and community impact differentiates it in the competitive landscape.

Strategic Opportunities and Future Directions

NEI plans to continue expanding its regional offices, enhancing project capabilities, and pursuing innovative construction technologies. The company's strengths position it to address ongoing housing challenges and contribute positively to community development.

Contact Information

Website

For more information, visit NEI General Contracting's official website.

Social Media

• LinkedIn: Follow NEI General Contracting on LinkedIn for updates and insights.

This profile provides a comprehensive overview of NEI General Contracting, highlighting its mission, strategic focus, financial performance, and industry position.