INTERVEST

Goal: Continued growth through the development and redevelopment of single and multi-family residential properties in keeping with the evolving real estate marketplace is the goal of INTERVEST. Through its management, development and construction companies, INTERVEST has the diversification and flexibility to accommodate all housing services and is... well suited to take advantage of opportunities created by today's changing real estate economy. Recognition for Achievement: In 1998, INTERVEST Development Corp. and J. Steve Nail were awarded HUDs prestigious John J. Gunther Award for the Neighborhood Transformation of a once troubled property in Birmingham, Alabama. Summit Ridge Apartments is a 200-unit Section 8 subsidized housing community. This formerly troubled project suffered from extensive deferred maintenance, drug-related crime and uninhabitable units. After a transfer of physical assets, the new owner/manager invested more than 2.5 million in physical improvements and social service programs, including a new Comprehensive Family Development Center. Some of the many components of the Center are self-assessment and personal development training, job search training, computer classes, and family counseling. It is also recognized as an official job training site by the Department of Resources. Welfare recipients living at the project can fulfill their welfare to work training at the Center. In 1997 the Center assisted 57 persons. Of these, 27 are employed, with 17 of the 27 obtaining employment as a result of their involvement at the Center. Biography of Principal: A native of Jackson, Mississippi, J. Steve Nail serves as President and Chairman of the Board of INTERVEST. Steve attended public schools in Jackson and graduated from Murray High School. Attending undergraduate school at Mississippi State University and Mississippi College, Mr. Nail received his Juris Doctorate degree from Mississippi College School of Law in 1978. From 1974 through 1976 Mr. Nail worked as an Inspector for an architectural firm ...Read More