|FOR IMMEDIATE RELEASE
CONTACT: Betsy Carola
Athena Real Estate Acquires Another 55+ Community in Florida
Danbury, CT/ March 5, 2013 -- Athena Real Estate, a real estate investment and advisory firm focused on specialty collateral types, today announced the acquisition of Ohrt’s Mobile Village, an 80-site 55+ hybrid mobile home and RV park located in Sebring, Florida. The property, acquired through an Athena affiliate, is located in Highlands County and caters to retirees. This is Athena’s fifth acquisition of a 55+ community in Florida. In December, Athena announced the purchase of Morningside RV Estates, a 400-site RV park in Pasco County.
Richard J. O’Brien, Chief Executive Officer and Founder of Athena Real Estate, said “We are extremely pleased to acquire Ohrt’s Mobile Village. This is a wonderful 55+ community with a neighborhood feel with a strong pride of ownership. The property has an attractive location for retirees on U.S. Highway 27 conveniently located across from the Lakeshore Mall and in walking distance to Lake Jackson.”
“Athena Real Estate is seeking to grow its portfolio through East Coast Mobile Home and RV Park acquisitions with an emphasis on the Sunbelt. Retirement communities are targeted in light of the favorable demographic trends” 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.