Transforming average homes into more comfortable eco-friendly living spaces.
Small Green Changes
can have a big environmental impact.
Improving the Environment
one Progreen Property at a time.
Acquire distressed, often run down residential real estate in good areas, to be converted and upgraded into modern, comfortable, more energy-efficient eco friendly homes, with qualities often unique among similar properties.
~As announced in March, ProGreen expected to have a definitive agreement signed in April, for an initial tranche of a $3,000,000 investment from Futura Fastigheter AB in Sweden. As a result of a broadening of the agreement, the execution has been delayed and the final version is now expected to be signed during the month of May.
~ ProGreen signs a $3,000,000 Investment MOU with Futura Fastigheter AB (Sweden). Definitive agreement is expected to be completed within the next 4 weeks with funding before the summer.
~ ProGreen completes the sale of its first Single Family Residence to ARG. The sale of the property closed on March 1, resulting in a turn-around time of just over 5 weeks, which proves that ProGreen is now prepared and ready to expand at a faster pace.
Check out our media page for more info.
ProGreen Properties, Inc. (ProGreen) (OTCQB-PGEI) based in Birmingham, Michigan, is engaged in the business of acquiring, refurbishing and upgrading potential income-producing residential real estate. ProGreen believes that Michigan offers some of the best investment opportunities in the US property market.
The properties, once acquired, refurbished and leased to suitable tenants are then offered for sale as investment properties to overseas real estate investors, looking for opportunities in the US.
“We are able to offer overseas investors the opportunity to acquire investment properties, fully refurbished and leased, returning yields much above what is the norm in Europe. The properties are professionally managed by ProGreen and are expected to considerably increase in value over time” says Jan Telander, President and CEO of ProGreen Properties, Inc.
ProGreen’s business model is to acquire, refurbish and upgrade existing properties into more energy efficient, comfortable and healthier living spaces so that they meet standards that exceed, what is often the norm for most single family homes, condominiums and apartments.
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