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Athena Real Estate Acquires Another 55+ Community in Florida

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DANBURY, Conn., Jan. 7, 2014 (GLOBE NEWSWIRE) -- Athena Real Estate, a real estate investment and advisory firm focused on specialty collateral types, today announced the acquisition of Swim & Fish Lakefront Resort, a 115-site 55+ hybrid mobile home and RV park located in Frostproof, Florida. The property, acquired through an Athena affiliate, caters to retirees and is to be renamed Frostproof Mobile Village.

Richard J. O'Brien, Chief Executive Officer and Founder of Athena Real Estate, said "We are extremely pleased to acquire Frostproof Mobile Village. This is a wonderful 55+ community providing Northerners an affordable vacation or 2nd home experience. The property has an attractive location for retirees on Lake Clinch with strong amenities, including lake activities, pool, spa, clubhouses, and shuffleboard courts."

"Athena Real Estate is seeking to grow its portfolio through East Coast value-added 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.

Athena is located at 98 Mill Plain Road, Suite 2A, Danbury, CT 06811.

CONTACT: Synthia Steinacher 203-942-2745 x112 ssteinacher@athenarealestate.com

Source:Athena Real Estate, LLC