Penner, Ethan — MREC Management | Los Angeles Business Journal

Penner, Ethan — MREC Management

Founder and Managing Partner

MREC Management

THE LATEST: Penner is the founder and managing partner of MREC Management, better known as Mosaic Real Estate Investors. Mosaic originated 17 loans totaling $1.23 billion in 2019. The company has offices in Calabasas and New York. Penner is also a member of the company's investment and executive committees. He is an adjunct professor at Pepperdine University's Graziadio School of Business and Management, and was previously an adjunct professor at USC's Marshall School of Business. Penner is also a board member of the&CRE Finance Council&s Executive Committee of the Board of Governors.

BACKGROUND: Penner is a real estate finance veteran with more than 35 years of experience. Over his career he has helped with more than $30 billion of mortgage originations. Penner is credited with helping create the Commercial Mortgage-Backed Securities market when he was at Nomura Securities. In 2008, Penner founded and served as CBRE Capital Partners' president. The debt investment platform has raised and managed more than $600 million.

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