Meet Our Team

James F. Whalen

Chief Executive Officer

Jim joined Investment Properties, Inc. in 1986 and became the sole owner of the firm in 1997. He is the founder and managing member of multiple Limited Liability Corporations that developed and currently manage over 1,000,000 ft.² of office, industrial and retail properties located in the Washington DC Metro area. His experience encompasses all aspects of the development (design/construction), financing, management, and marketing of commercial properties. Jim is the Chairman of the Board of Capital Bank N/A, a National Bank Headquartered in Rockville Md., and Vice Chairman of the Board of Capital Bancorp (CBNK), Capital Bank’s parent company. 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 after more than 10 years in the non-profit sector. Her role as the Property Administrator includes overseeing the ongoing maintenance of the properties and managing tenant services, vendor contracts, and office administration. Mercedes’ proficiency in Spanish enhances effective communication with both tenants and vendors. Serving as the initial point of contact, she ensures that Investment Properties, Inc. delivers high quality 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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