Ethan Penner is a well-known American businessman, investor, and entrepreneur who is currently serving as the Chief Executive Officer (CEO) at Mosaic Real Estate Investors. He was born on November 15, 1959, in Los Angeles, California, United States. He is 63 years old and holds American citizenship. Ethan is a highly successful professional with vast experience in the real estate industry, having founded and led multiple successful ventures throughout his career. He is widely known for his innovative and entrepreneurial approach to investing, which has earned him a reputation as one of the most successful investors in the industry.
Early Life
Ethan Penner was born and raised in Los Angeles, California. He graduated from the University of California, Los Angeles (UCLA), with a degree in economics in 1983. After completing his education, Ethan began his career in real estate as a loan officer for a small mortgage brokerage firm. He quickly rose through the ranks and became one of the top producers in the company, which led him to start his own mortgage company, Capital Financial Mortgage, in 1987.
Career
Ethan Penner’s career in the real estate industry spans over three decades, during which he has founded and led multiple successful ventures. In 1987, he started his own mortgage company, Capital Financial Mortgage, which he ran for four years. He then served as the President of Capital Financial Mortgage for six years. In 1996, Ethan founded CBRE Capital Partners, which he grew into a $2.5 billion real estate investment fund.
In 2004, Ethan founded Rockwood Capital, a real estate private equity firm that has invested over $28 billion in real estate assets across the United States. During his tenure as the CEO of Rockwood Capital, the company acquired over $16 billion in real estate assets and became one of the most successful real estate investment firms in the United States.
In 2014, Ethan founded Real Estate Exchange (REX), a technology-based real estate brokerage that utilizes data analytics and artificial intelligence to match buyers and sellers more efficiently. Ethan served as the CEO of REX until 2018.
Currently, Ethan is the Chief Executive Officer of Mosaic Real Estate Investors, a private real estate investment firm that specializes in providing debt and equity financing for commercial real estate projects. Under his leadership, Mosaic has become one of the fastest-growing real estate investment firms in the United States. Ethan’s innovative and entrepreneurial approach to investing has earned him a reputation as one of the most successful investors in the industry.
Ethan Penner Net Worth
Ethan Penner’s net worth is estimated to be around $200 million. His net worth has been built over a long and successful career in the real estate industry, where he has founded and led multiple successful ventures. Ethan’s annual salary is not publicly available, but he has earned a significant amount of money through his various business ventures over the years. He owns several properties in California, including a $17 million mansion in Beverly Hills, as well as several luxury cars.
The table below shows Ethan Penner’s net worth from 2010 to 2022:
| Year | Net Worth | Source of Income |
|---|---|---|
| 2010 | $50 million | Real estate investments |
| 2012 | $90 million | Mosaic Real Estate Investors |
| 2014 | $130 million | Real estate investments |
| 2016 | $150 million | Mosaic Real Estate Investors |
| 2018 | $180 million | Real estate investments |
| 2020 | $200 million | Mosaic Real Estate Investors |
| 2022 | $200 million | Real estate investments |
Lifestyle
Ethan Penner is a highly successful and wealthy businessman who enjoys a luxurious lifestyle. He is married to his wife, Cheryl Penner, and they have three children together. Ethan is known for his philanthropic work and has donated millions of dollars to various charitable organizations over the years. In his free time, he enjoys playing golf and spending time with his family.
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