MANAGEMENT BIOGRAPHY

Richard J. O’Brien, age 47, has been successful in investing and advising in the commercial real estate sector since the formation of Athena in 2004.  Prior to that time, Mr. O’Brien was the Chief Financial Officer and Executive Vice President of FelCor Lodging Trust from 2001 to 2004, which was then the 2nd largest public hotel real estate investment trust (“REIT”) in the United States with more than $4 billion invested in approximately 160 hotels in 35 states and Canada.  Prior to his time with FelCor Lodging Trust, Mr. O’Brien was a Managing Director of Business Development with the commercial real estate division (“GE Capital Real Estate”) of GE Capital Corporation (“GE Capital”).  While with GE Capital from 1992 to 2001, he served in a variety of leadership roles focused on the growth and operational excellence of the business. The transactional experience that Mr. O’Brien gained in these roles is broad and significant and includes acquisitions, dispositions, financings and joint ventures in the commercial real estate context.  While with GE Capital Real Estate, he led a broad retail project to drive growth in GE Capital’s lending to retail property owners.  Also while with GE Capital Real Estate, he placed an emphasis on business growth through investing and lending in specialty collateral types; including hotels, manufactured housing communities, marinas, senior living, military housing, and net lease transactions.  Mr. O’Brien has also held management positions with J.P. Morgan and KPMG, and started his career in 1984 (obtaining his CPA in 1986).  He is a resident of the Town of Ridgefield, CT and a member of the Town’s Economic Development Commission.