Best Of Olen At Work"
In 1973, when I founded the company, we committed ourselves to a basic
business principle - "stability through controlled growth and consistent
hands-on management." Olen's success continues to be driven
by this principle.
Headquarters Newport Beach, California
Today, Olen has attained institutional stature in property ownership
and development. We are particularly proud that our growth was achieved
through internal operations and without outside equity sources. Our track record for high-quality properties that consistently deliver exceptional returns speaks for itself.
What sets Olen apart from other companies in our industry is that we build and acquire projects for the express purpose
of profitably retaining them indefinitely. Consequently, our focus
has to be day-to-day and detail oriented, while our vision has always
been long term. This will continue to guide us into the future and assure our continued success.
We learned, in our early years, that in order to thrive in this industry,
a company has to be both financially and organizationally prepared
to deal quickly with market changes. For Olen, being dynamic in our
objectives by continuously adjusting for factors that affect our industry,
has meant the difference between continuously enhancing our assets and profitability
rather than merely preserving them or having to dispose of them to survive. We not only weathered the last
three real estate recessions, but managed to thrive and use them to
Olen's strong capital base and financial strength ensures our ability to acquire or build projects when we believe the timing is correct; as opposed to having to wait until the general wisdom in the market reaches that conclusion.
The past 40+ years have also been personally rewarding. I have seen
a company of substantial stature, with a dedicated staff, rise from
a personal dream. Today, we are very confident about our future and
the achievement of even loftier goals, just like we know that in our
industry there is no room for complacency.
Olen is proud to be a supporter of the Andrei Olenicoff Memorial Foundation. For more information, visit the foundation's website at www.AndreiFoundation.com.