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.

William C. Ferguson, CPA

Commercial Brokerage Agent

Bill joined Investment Properties, Inc. as the Chief Financial Officer in 1998. He formerly had responsibility for all accounting and financial management functions for the firm including Property Management Accounting. With over 33 years of experience in commercial real estate, Bill has extensive knowledge of leasing and sales transactions for office, industrial and retail properties. A Certified Public Accountant (CPA), Bill has a thorough understanding of the financial implications of each transaction on the value of the real estate asset. Bill is a graduate of Benjamin Franklin University and licensed Salesperson in Maryland.

Michael Hayes

Property Manager

Mike joined Investment Properties, Inc. in 2021 with over 20 years of commercial property management experience.  As Property Manager, Mike is responsible for overseeing the day to day management of the Investment Properties, Inc. portfolio of commercial properties.  Mike’s role as Property Manager has him involved in all aspects of the buildings’ management including vendor management, financial reporting and budgeting as well as tenant relations.

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. Mercedes serves as the first point of contact for our tenants and provides excellent customer service. She was a Property Manager for 5 years and is fluent in Spanish.

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