Description

My guest today is Ethan Penner, founder and managing partner at Mosaic Real Estate Investors. That company is credited with being the primary driver in the creation of the commercial mortgage backed securities, or CMBS, industry. On this episode, you’re going to hear how that happened. I was interested to talk with Ethan because, throughout our careers, he and I have lived through approximately the same real estate cycles, in the same places, and share a great many business acquaintances in common. And I’m not talking about that LinkedIn kind of connection, but the real "I have worked with that fellow" sort. And I found that he and I share very similar values and overarching philosophy to real estate investing. In my opinion, the most important takeaway from this conversation is that out of chaos comes opportunity and you have to adapt and separate yourself from the herd mentality to find alternate paths to navigate crises if you are going to triumph over adversity, no matter what the adversity might be. And there’s no better person to hear that message from than a man who has, without hyperbole, been described as a living legend of the commercial real estate industry, the founder and managing partner at Mosaic Real Estate Investors, Ethan Penner.