Early Life
Igor Olenicoff was born in Moscow, Russia, in 1942. His family, with ties to the Tsarist regime, fled the Soviet Union for Iran after World War II. They later immigrated to the United States in 1957, seeking refuge and opportunity. In the U.S., Olenicoff's family faced financial hardship, instilling in him the values of hard work and perseverance.
Rise to Success
Olenicoff's career in real estate began in 1973 when he founded Olen Properties. He started with a small investment and grew the company into a major player in the real estate industry, owning a significant portfolio of office and residential units. His strategy focused on controlled growth, careful management, and a disciplined investment approach.
Key Business Strategies
Olenicoff's success is rooted in several key strategies. He focused on building projects for long-term retention, prioritizing financial stability, and adapting to market changes. His business model emphasizes property management and a long-term holding strategy, ensuring consistent returns. Olen Properties has expanded its portfolio to include over 8 million square feet of office space and over 17,000 residential units across multiple states.
Philanthropy
Beyond his business achievements, Olenicoff is recognized for his philanthropic efforts. He established the Andrei Olenicoff Memorial Foundation to honor his son, supporting causes like retinitis pigmentosa research and assistance for the visually impaired. The foundation has supported organizations providing aid to those with visual impairments, as well as providing assistance to Russian orphans.