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Todd Waterman

Philip “Tod” Waterman III is a New York real estate investor associated with Waterman Interests, a privately held investment and operating company founded in 2007. The firm focuses on value-add Manhattan office properties and combines leasing, building operations and capital improvements; 400 Park Avenue is its headquarters and a central asset in its business. Public company materials describe the platform in detail but provide limited personal career history, so this profile distinguishes firm-level facts from reporting about Waterman himself.

Updated

Known For

  • Founding Waterman Interests in 2007 to invest in and operate large Manhattan office assets.
  • Structuring a 75-year master lease at 400 Park Avenue that enabled a long-term renovation and leasing program.
  • Building an operating platform with in-house leasing, construction management, property management and finance capabilities.

Career and Focus

Waterman Interests says it was founded in 2007, invests in large Manhattan value-add office assets and operates with in-house construction management, leasing, property management, asset management and accounting teams. The firm reports a team of more than 30 professionals and is headquartered at 400 Park Avenue. Commercial Property Executive and Commercial Observer reported that Waterman Interests secured a 75-year master lease on the 250,000-square-foot building; those reports describe the lease as the basis for a long-term renovation and leasing program.

This model emphasizes operating control and capital work in existing buildings. The firm’s public materials describe its functions and investment focus, while the cited transaction coverage documents a specific example of its strategy at 400 Park. Media coverage also identifies Waterman as Philip “Tod” Waterman III and reports that he co-founded WatermanClark with former Brookfield executive Ric Clark, a separate investment venture. Available public materials do not establish a detailed personal career chronology; claims about the firm’s staffing and investment approach should not be mistaken for individual credentials.

Related Pages

  • Investor People Hub
  • National Investor Benchmarks Hub
  • WatermanClark
  • Ric Clark
  • Source: Top 200 Global CRE People and Families

Sources