ABOUT

ABOUT US

Watassa Management owns and manages apartments, retail, mixed-use and condo association properties in Maryland, Virginia and the District of Columbia. Watassa Management’s affiliated development and investment groups enable us to use our unique skill set to maximize each property’s cash flow. We not only maximize the current cash flow with superior operation, but also work to identify and execute property improvements from minor cosmetic improvements to gut renovations and additions in order to increase future cash flow and value.

Watassa Management differentiates itself by providing an extremely personal experience for our clients, owners, investors and tenants. Each month, in addition to a detailed financial statement, each client receives a personalized summary of the month’s operations for every property in their portfolio. In addition, we have provided detailed analyses to our clients in order to identify opportunities to cut expenses through water-saving fixtures, solar-thermal (hot water) systems, and renovations to add and/or expand units in buildings, enhancing owner cash flow. Working with our tenants in our older buildings, we have successfully identified and improved infrastructure, services and amenities (to decrease property expenses) to the mutual pleasure of both the tenants and owner. Watassa Management maximizes your current property cash flow while achieving your long-term investment goals. We look forward to working with you.

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OUR TEAM

Jim McInerney

Principal

Mr. McInerney directs Watassa’s management, development and brokerage services. His experience includes positions at Trammell Crow Company, AMI Capital, and The Carlyle Group. He has an extensive range of experience in the development, financing and asset management areas of the real estate industry. He has participated in the development of over $100 million of development projects, financing of over $150 million of multiple asset types and management of an investment portfolio in excess of $500 million.

Mr. McInerney has a BBA in finance from the University of Notre Dame and an MBA from Columbia Business School. He is Treasurer of the River Place South Board of Directors. Mr. McInerney is also a licensed real estate broker in Maryland and the District of Columbia.

Tonya Post

Property Manager

Ms. Post leads Watassa’s leasing, maintenance and tenant relations. She joined Watassa Management after a career in non-profit work and as an Airbnb host for 5 years. She ran high quality programs for community focused organizations. Tonya grew up doing repairs and construction alongside her dad and handled maintenance and facilities in several of her job roles. She loves DC and is a neighborhood wanderer and Washingtonian junkie.

Ms. Post holds a Masters in Public Administration from NC State University and Bachelors from James Madison University. She is a licensed DC real estate salesperson.

Russell Reneau

Property Manager

Mr. Reneau is responsible for Watassa’s financial reporting, billing, and contractor relations. He has spent many years working with locally owned and operated real estate companies and owners in the greater Washington, DC area. Starting with summer jobs in high school as a maintenance handyman to full time property manager and salesman positions. He has subsequently held numerous maintenance, project coordination, and management positions.

Mr. Reneau holds a Bachelor of Science in Business Management from Clemson University and is a licensed DC real estate salesperson.