ProGreen Properties Provides Update on Joint Venture with American Residential
Business Wire - Tue Mar 31, 5:22PM CDT
ProGreen Properties, Inc. (PROGREEN) (OTCQB-PGEI), announced in a press release on December 17, that the company was entering into a joint venture with American Residential Gap LLC (ARG), a real estate investment company in Sweden. This resulted in the formation of PAJV LLC (PAJV) in late December. The JV is based on ARG providing 100% of all funding in real estate projects performed by PAJV, with PROGREEN handling everything from acquisition to sale. Realized profits from the individual projects are then split 50/50 between the two parties.
ProGreen Enters Joint Venture Agreement with American Residential Gap LLC
ACCESSWIRE - Wed Dec 17, 7:15AM CST
Birmingham, MI / ACCESSWIRE / December 17, 2014 / ProGreen Properties, Inc. (ProGreen) (OTCQB: PGEI), has agreed on a joint venture with American Residential Gap LLC (ARG), a wholly owned subsidiary of American Residential Fastigheter AB (AMREFA) in Sweden, with which ProGreen has existing property financing arrangements. As per the agreement, ARG and ProGreen will jointly acquire primarily distressed residential properties in Michigan, with ARG providing 100% of the funding. Properties to be acquired will be, SFRs suitable to be converted into be rental homes, SFRs to be refurbished, upgraded and sold, and land for construction of New Homes.
ProGreen Constructions LLC Is Added To The ProGreen Group Of Companies
ACCESSWIRE - Wed Jul 30, 6:16AM CDT
ProGreen Constructions LLC Is Added To The ProGreen Group Of Companies