The TreppWire Podcast: A Commercial Real Estate Show
218. Life, Lending, & Rock 'n' Roll: The Father of CMBS, Ethan Penner, Tells us How it all Started
Sep 26, 2023
218. Life, Lending, & Rock 'n' Roll: The Father of CMBS, Ethan Penner, Tells us How it all Started features Ethan Penner, the pioneer of commercial real estate finance and creator of CMBS back in the 1990s. In this podcast, Ethan breaks down his life in CRE, discussing topics such as the S&L crisis, guard rails for new market entrants, the cause of the Great Financial Crisis, how CMBS got started, and his new book. Plus, he shares some stories about his famous rock 'n' roll parties.
51:53
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Quick takeaways
- Ethan Penner, the 'father' of CMBS, discusses the cause of the Great Financial Crisis and the importance of self-awareness and personal responsibility in navigating market cycles.
- Penner emphasizes the need for the commercial real estate industry to understand how people want to live and work in order to make informed investment decisions, highlighting the potential impact of technology and sociological trends.
Deep dives
Ethan Penner's Journey: From CMBS Market Pioneer to Author
Ethan Penner, known as the creator of the CMBS market and modern commercial real estate finance market, reflects on his career and shares insights from his new book, 'Greatness is a Choice.' Penner discusses his motivation behind writing the book, focusing on passing down life lessons to his children and future generations. He recounts how he wrote the first draft of the book in just four hours and received positive feedback that led to its publication. Penner emphasizes the importance of self-esteem and finding balance in life, highlighting that success should not come at the cost of one's values and personal well-being.
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