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CONTACT: Richard J. O’Brien
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Athena Real Estate Acquires Morningside RV Estates In Central Florida Sunbelt Eyed for Future Growth

Danbury, CT/ December 6, 2012 --  Athena Real Estate, a real estate investment and advisory firm focused on specialty collateral types, today announced the acquisition of Morningside RV Estates, a 400-site, 55+ RV park located in Dade City, Florida. The property, acquired through an Athena affiliate, is located in Pasco County and caters to the senior community. Morningside RV Estates is the second RV Park purchased by Athena Real Estate in Central Florida.   Athena currently owns and operates Cypress Campground & RV Park in Winter Haven, Florida, which is approximately 2.5 miles from LEGOLAND®Florida.

Richard J. O’Brien, chief executive officer and founder of Athena Real Estate, said, “We are extremely pleased to acquire Morningside RV Estates.  This is a wonderful 55+ community with high quality amenities, large lots and terrific infrastructure. The property is an attractive location for retirees and is conveniently located near retail stores and medical facilities.  Its close proximity to Tampa and Orlando also is a big draw.”
 
“Athena Real Estate is seeking to grow its portfolio through East Coast RV and Mobile Home Park acquisitions with an emphasis on the Sunbelt,” added O’Brien.

 

About Athena Real Estate

Athena Real Estate, LLC is a real estate investment and advisory firm focused on specialty collateral types, including RV parks, manufactured housing communities, and self storage facilities. Located in Danbury, CT, the Company’s operating philosophy is to obtain premium returns by acquiring niche property types where focused management can provide a competitive advantage.  Athena was founded in 2004 by Richard J. O’Brien, who is a former executive of a mid-cap public REIT and a large real estate financial services and investment company.

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