Meet Our Team

James F. Whalen

Chief Executive Officer

Jim started working with Investment Properties, Inc. in 1986 and took over as the sole proprietor of the firm in 1997. He has direct experience in the development of office, industrial and retail properties and has personally developed over 1 million square feet of space including three (3) Class A office buildings in Montgomery County, MD, (7) high bay industrial buildings in Montgomery County, (2) in Howard County, (2) multifamily residential properties in Montgomery County and Baltimore City, and various other properties in the DC Metro Area. His experience encompasses all aspects of the development, financing, management, operation and the marketing of commercial properties. Jim is the Chairman of the Board of Capital Bank N/A, a National Bank Headquartered in the Washington, DC and Baltimore Areas. He also is a Trustee on the Board of Trustees of St. Johns Episcopal School. Jim is a graduate of the University of South Carolina and he is a licensed Real Estate Broker in Maryland and Washington, D.C.

Jason R. Pepin


Jason joined Investment Properties, Inc. in 2016 with over 20 years of commercial real estate and construction management experience.  As President, he oversees the overall operations of the company, including property management, leasing, construction management, business development and financial aspects of the company.  Prior to joining Investment Properties, he was with Avison Young, Washington, D.C., LLC and James G. Davis Construction Corporation.   He is a seasoned professional in the management of commercial property in the Washington, D.C. region.

Bruce A. Stotka, CPA

Controller and Chief Financial Officer

Bruce joined Investment Properties, Inc. in 2011 with approximately 24 years of experience in real estate and accounting. Bruce is a Certified Public Accountant (CPA) and a graduate of Waynesburg College. Bruce is responsible for all financial activities of Investment Properties, Inc. including monthly investor reporting, lender reporting, tax preparation, owner level accounting and cash management.

Mercedes Y. Penick

Property Administrator

Mercedes joined Investment Properties, Inc. in 2009. Prior to joining the company, Mercedes worked in the non-profit industry for more than 10 years. She serves as a versatile member of the property management team, handling tenant services, vendor contracts, and office administration. With five years of Property Manager experience, Mercedes is well-versed in the industry, and her fluency in Spanish enhances tenant and vendor communication. She excels as the first point of contact, providing exceptional customer service, and ensures Investment Properties, Inc. offers top-notch support to tenants and clients.

Ana Ware

Construction Manager

Ana joined Investment Properties, Inc. in 2021 with over 10 years of interior design and construction management experience. She started her career as a RN Case Manager and later transitioned into project management, working with reputable interior design and general contracting firms. Ana is a licensed general contractor and a graduate of the University of Maryland, College Park. She provides a compassionate approach to client engagement with construction acumen.

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