- CEO
- Munjit S. Johal
- Full Time Employees
- 2
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- 7702 East Doubletree Ranch Road Scottsdale AZ United States of America 85258
- IPO Date
- Jul 27, 2012
- Business
- Praetorian Property, Inc. (PRRE) engages in the acquisition, rehabilitation, sale, lease, and development of distressed real estate properties in the United States. The company focuses on portfolios of single-family homes, multi-family units, and commercial properties located primarily in Florida, Illinois, California, Ohio, Michigan, and Washington; it owns approximately 70 properties, with over 50 rehabilitated and sold or under contract, over 10 rehabilitated and listed for sale, and the remainder in rehabilitation. Incorporated in 2011 and headquartered at 7702 East Doubletree Ranch Road, Suite 300, Scottsdale, Arizona, Praetorian Property, Inc. serves the real estate needs of the regulated cannabis industry by leasing growing space and facilities to licensed marijuana growers and dispensary owners.
The company, a subsidiary of Miramar Investors Inc., was formerly known as Cannabis-Rx, Inc. and changed its name to Praetorian Property, Inc. in September 2015 to reflect its expanded real estate operations beyond initial cannabis-related focus. No significant recent partnerships, funding rounds, acquisitions, new product launches, or major strategic shifts have been reported in the last 1-2 years, with the most recent financial data reflecting trailing twelve-month revenue of $14.09 million and a net loss of $727,590 as of September 30, 2015.