Owner, President, Olen Properties
WHY: OC’s second-biggest property owner, with nearly 8M-SF commercial portfolio. Second wealthiest person in OC, with estimated $5.5B fortune. Bulk of office holdings local, while apartments mostly out of state.
RECENT: Push into apartment investments outside OC continues; more than 16,000 units to name. Looking to spend $500M on more deals.
QUOTABLE: Olen occupancy has “never been as high,” he said in July. “Business is doing very well, and the net cash flows are very high.”
FUN FACTS: Worked for Motown’s Berry Gordy.