Athena Real Estate Hires New VP of Business Development

Athena Real Estate has hired Matthew Allen as a vice president, business development. Allen faces the task of growing Athena's investment portfolio and institutional advisory business, generally through asset and property management services.

Athena Real Estate has hired Matthew Allen as a vice president, business development. Allen faces the task of growing Athena's investment portfolio and institutional advisory business, generally through asset and property management services.

Allen worked previously for a large Connecticut private owner and operator of approximately 10 million square feet of class A and B office properties. He also worked with a private real estate investment trust with approximately $700 million of total assets. He graduated with a master's in business administration from Dartmouth University's Tuck School of Business in 2003.

Richard OBrien, chief Executive Officer and founder, stated in a news release he expects 2011 to be a solid year for acquisitions in targeted sectors. Likewise, O'Brien points to an increase of real estate for sale, which should lead to a reduction in prices, and predicts the spread between buyers and sellers will close over the next year, resulting in a favorable acquisition market.

Based in Danbury, Conn., Athena Real Estate LLC is a real estate investment and services firm focused on small property types, including self-storage facilities, mobile home parks, RV parks and resorts, and multifamily homes. Athena operates with 25 employees in five states: Florida, North Carolina, Georgia, New York, and Connecticut, and was founded in 2004.

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