Ethan Penner is a founder of Mosaic and its Managing Partner. He is a recognized pioneer in the fields of real estate and finance with a 30-year career marked by filling voids and responding to unseen or poorly understood opportunities. Most consequently, he is credited with being the primary driver in the creation of the Commercial Mortgage-Backed Securities market for which he received broad recognition including being named one of the U.S. Real Estate Industry’s 100 icons of the 20th century. In 2011, Real Estate Forum voted him one of the Real Estate Industry’s 65 living legends in their 65th anniversary issue in 2008, Penner founded and served as President of CBRE Capital Partners, a real estate debt investment platform which successfully raised and managed over $600 million from institutional and high net worth investors. CBRE Capital Partners exited all of its investments in 2014 and the beginning of 2015.