ProGreen Properties, Inc. announced that the company was entering into a joint venture with American Residential Gap LLC. 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. The joint venture is already starting to produce favorable results. On January 8, 2015, PAJV acquired a property under construction from PROGREEN, and is from that time funding all cost to complete the project.

The property is due for completion at the end on May and will start to be marketed in June to the public.