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.
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 our advantage.
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.