Ethan Penner is the CEO of Mosaic Real Estate Investors, a Los Angeles based investment manager founded in 2015. Mosaic specializes in the intersection of structured finance and real estate. Ethan is a recognized pioneer in the fields of real estate and finance, specializing in real estate, mortgage credit, and financial markets. Ethan is most well-known for his work with Nomura Securities in the 1990’s where he is broadly credited with being the driving force behind the creation of the CMBS industry.