Real Estate Advisory · AI Integration · Talent Network

Real Estate Executive Partnership & Investment Advisory

InLumin works at the partner level with CEOs, CFOs, and ownership of public companies and private equity real estate firms, from large platforms to the middle market. The firm serves in executive roles, structures investment vehicles, integrates AI, and executes every stage of a real estate transaction: pre-development, development and construction, investment structuring, capital markets, operations, and disposition. Its leadership brings over 25 years in real estate finance and more than $25 billion in transactions.

$25B+
Transaction Experience
25+
Years Real Estate
Finance Leadership
S&P 500
Public Company
Executive Experience
20+
Major U.S.
Markets Served
Casting Light on the Value Within
Recent & Current Activity
Recently Closed

$150 million disposition to a publicly traded REIT. InLumin led the seller side of the transaction, with AI applied to every aspect of the process from diligence preparation through closing.

In Formation

$400 million+ real estate investment vehicle. InLumin is serving as lead structuring partner, guiding the vehicle's structure, terms, and capital formation.

InLumin's leadership has served as CFO of a $3.6 billion private equity real estate firm and Chief Accounting Officer of an S&P 500 REIT, led two public company mergers, structured institutional investment vehicles for sovereign wealth funds, and closed transactions in more than 20 major U.S. markets.
$25B+
Transaction
Experience
S&P 500
Public Co.
Experience
20+
Major U.S.
Markets
InLumin
Inherent/ɪnˈhɪərənt/

Existing in someone or something as a permanent and inseparable element, quality, or attribute.

Luminous/ˈluːmɪnəs/

Emitting light, especially in the dark.

Discovering what's already there

InLumin is an advisory firm with deep roots in real estate finance, engaging at the partner level: serving in named executive roles, structuring investment vehicles, integrating AI, and advising companies and investors throughout the United States.

The firm was established by Micah J. Holton, CPA, drawing on experience as CFO of a $3.6 billion private equity real estate platform and Chief Accounting Officer of an S&P 500 multifamily REIT, a career spanning more than $25 billion in transactions and two public company mergers.

InLumin's model centers on direct participation rather than advisory at a distance. Engagements are structured flexibly, from named CFO roles and full-cycle development leadership to targeted transaction support or AI integration, and scaled to what each situation requires.

Real estate CFO, advisory & AI services

InLumin provides the following services to real estate companies, institutional investors, private investors, family offices, and select companies outside of real estate for AI integration and organizational advisory.

CFO & COO Services

Named CFO and COO roles for real estate firms across all property types, from short transactional engagements to multi-year leadership positions. This includes full-cycle developments taken from concept and underwriting through ground-up construction, delivery, and disposition.

  • Full CFO/COO responsibilities
  • Full-cycle development leadership
  • Board & investor relations
  • All property types nationwide

CEO & CFO Advisory

Senior advisory and executive support for sitting CEOs and CFOs of public companies and private equity real estate firms, from large platforms to the middle market, providing supplemental capacity on deal structuring, investor communications, AI strategy, and other areas as needs arise.

  • On-demand executive support
  • Capacity gap coverage
  • Strategic decision support
  • Board preparation

Investment Vehicle Structuring

Formation and structuring of private equity investment funds, including multi-REIT structures for international and sovereign wealth investors, LP and GP structures, and institutional fundraising through deployment. The firm currently serves as lead structuring partner on a vehicle in excess of $400 million.

  • Fund formation & structuring
  • International investor structures
  • Institutional fundraising
  • Tax & REIT optimization

AI Integration & Implementation

AI strategy, training, and direct implementation for public and private companies. InLumin works with executives and teams to integrate AI into how the business runs, pairing the work with organizational development and the design of the systems and processes that support adoption.

  • AI strategy & roadmaps
  • Executive & team training
  • Direct implementation
  • Systems & process design

Troubled Situation Workouts

Direct participation in complex debt and equity troubled situations, including capital structure assessment, lender and equity partner negotiations, recapitalization strategy, and workout implementation.

  • Debt restructuring
  • Lender negotiations
  • Equity recapitalization
  • Workout implementation

Deal Underwriting & Debt Placement

Direct real estate investment underwriting, debt placement with national financial institutions, and equity capital raising across all property types.

  • Investment underwriting
  • Debt placement
  • Equity fundraising
  • Closing coordination

Talent Network & Placement

A network connecting real estate companies with finance, accounting, IT, and AI talent: permanent, interim, contract, or project-based. InLumin helps define what the organization actually needs, then sources the right resource in the right structure.

  • Finance, accounting, IT & AI talent
  • Permanent, interim & contract
  • Role definition advisory
  • Structured around the actual need

Organizational Development

Structuring and building firms for growth, from platform development and process design to the organizational foundation needed to scale. The work applies to real estate firms and to companies in other industries preparing for institutional growth or pre-IPO transitions.

  • Platform development
  • Process design & optimization
  • Growth preparation
  • Pre-IPO readiness

Private Investor & Family Office Advisory

Independent, rigorous assessment of real estate investments for high-net-worth investors and family offices: underwriting the deal, reviewing terms, fees, waterfalls, and LP agreements, and negotiating improvements on the investor's behalf before capital is committed.

  • Independent deal assessment
  • LP agreement & term analysis
  • Investor-side negotiation
  • Ongoing allocation advisory
$25B+
Real Estate Transaction
Experience
2
Public Company
Mergers Executed
$4B+
Private Equity
Raised
20+
Major U.S.
Markets Served

Where the industry is heading

Beyond its core advisory work, InLumin is building three practices shaped by how organizations and investors now operate.

01 · AI PRACTICE

AI Integration, Led by a Practitioner

InLumin applies AI in live business settings every day. The firm has used AI in every aspect of real estate transaction work, from underwriting models and diligence materials to investor reporting and closing. That includes a recent $150 million disposition to a publicly traded REIT in which AI supported the entire seller side of the deal.

That working experience anchors a full integration practice for public and private companies: AI strategy, training for executives and teams, and direct implementation into daily operations. The work goes hand in hand with organizational development and the structuring of the systems and processes that make adoption last, and it is complemented by governance and regulatory advisory.

  • AI strategy, training & direct implementation
  • Executive & team enablement
  • Organizational development & systems design
  • Governance & regulatory advisory
  • Experience from live transaction work
02 · TALENT NETWORK

A Talent Network, Not a Search Firm

The market for finance talent has become fluid. Organizations increasingly need the right resource in the right structure, not simply a permanent hire. The InLumin Talent Network connects real estate companies with finance, accounting, IT, and AI talent across every engagement form: permanent, interim, contract, and project-based.

Because InLumin's model is built around the client's actual need rather than a placement fee, the firm can recommend whatever structure serves the organization best, including help defining the role before any search begins.

The network is open on both sides. Finance, accounting, IT, and AI professionals seeking their next engagement in real estate, whether permanent, interim, or project-based, are invited to connect with the firm directly.

  • Finance, accounting, IT & AI talent
  • Permanent, interim, contract & project-based
  • Role & organizational definition first
  • No placement-fee incentive
03 · PRIVATE CAPITAL

Institutional Review for Private Investors

High-net-worth investors are presented real estate opportunities constantly, and underwriting them requires specialized real estate expertise that most advisory relationships are not built to provide. The result is capital committed to deals that a rigorous review would have declined.

InLumin serves as an independent assessment resource for private real estate investments, a function that has long existed for institutional capital but has rarely been available to individual investors. Each engagement delivers a clear opinion on the deal itself: underwriting, market fundamentals, and sponsor quality. It also covers the structure surrounding the deal, including terms, fees, promote and waterfall mechanics, and LP agreement provisions, reviewed from a business and economic standpoint in coordination with the investor's counsel.

Where the assessment identifies issues, InLumin can negotiate directly on the investor's behalf, improving terms, fee structures, and governance provisions before capital is committed. InLumin accepts no placement or sponsor compensation, so the analysis answers only one question: whether this investment serves the investor.

  • Independent deal underwriting & sponsor review
  • Market & asset-level fundamentals analysis
  • Deal terms, fee & waterfall analysis
  • LP agreement & governance review
  • Term & fee negotiation on the investor's behalf
  • Ongoing advisory across an investor's real estate allocation
  • No placement or sponsor compensation
Micah J. Holton, CPA
Founder & Managing Member

Over 25 years in real estate finance

Micah Holton is a real estate finance executive with over 25 years of leadership across public companies and private equity platforms, now working at the intersection of real estate finance and artificial intelligence.

Before founding InLumin in 2021, Micah served as Chief Financial Officer of Asana Partners, a private equity real estate firm where he helped grow assets under management from $600 million to $3.6 billion in four years. He launched three investment vehicles that raised $1.5 billion in equity commitments from major U.S. institutional investors and foreign sovereign wealth funds, and he closed $2.3 billion in real estate transactions across New York, Boston, Chicago, Philadelphia, Washington DC, Los Angeles, Miami, Houston, Dallas, Austin, Denver, Atlanta, and Charlotte.

Prior to Asana Partners, Micah spent over a decade at MAA (NYSE: MAA), rising to Senior Vice President and Chief Accounting Officer. He was the lead accounting executive through two transformative public company mergers, the $8.6 billion Colonial Properties Trust merger and the $17 billion Post Properties merger, helping build MAA into an S&P 500 company with $16 billion in total value and over 300% asset growth during his tenure.

Micah began his career at Ernst & Young in audit and advisory services before moving to Wright Medical Technology as a Senior Financial Analyst.

Today, Micah leads InLumin's work across CFO and executive services, investment vehicle structuring, and AI integration. He serves as lead structuring partner on institutional investment vehicles, including a vehicle in excess of $400 million now in formation, and he applies AI throughout live transaction work. A recent $150 million disposition to a publicly traded REIT was completed with AI supporting every aspect of the seller side of the deal.

Career

Founder & Managing Member

InLumin

CFO and executive advisory, investment vehicle structuring, AI integration, full-cycle development leadership, troubled situation workouts, and organizational development for real estate firms, investors, and pre-IPO companies nationwide.

Chief Financial Officer

Asana Partners

Lead finance executive for a private equity retail and mixed-use real estate firm. Grew AUM from $600 million to $3.6 billion, launched three investment vehicles, raised $1.5 billion in equity from institutional investors and sovereign wealth funds, and closed $2.3 billion in transactions across 13 major U.S. markets.

SVP & Chief Accounting Officer

MAA (NYSE: MAA)

Lead accounting executive through the $8.6 billion Colonial Properties Trust merger and the $17 billion Post Properties merger, helping build MAA into an S&P 500 company.

Senior Financial Analyst

Wright Medical Technology

Senior Auditor

Ernst & Young

Selected engagements

Disposition

$150 Million Sale to a Public REIT

Led the seller side of a $150 million real estate disposition to a publicly traded REIT, with AI applied to every aspect of the process, from diligence preparation and financial analysis through closing.

  • Seller-side leadership
  • AI applied throughout
  • Institutional counterparty
CFO Services

Acting CFO for Real Estate Firms

Serving as CFO for multiple real estate companies, taking full ownership of financial operations, investor reporting, and strategic decision-making across diverse property portfolios in major U.S. markets.

  • Full CFO responsibilities
  • Nationwide engagement
  • Investment execution oversight
Development

Full-Cycle Development Management

Managing real estate developments from initial concept and underwriting through debt and equity structuring, ground-up construction oversight, project delivery, stabilization, and ultimate disposition, acting as CFO through the entire lifecycle.

  • Concept through disposition
  • Construction finance oversight
  • Debt & equity structuring
AI Integration

AI Integration & Investment Modeling

Integrating AI across client organizations and building investment and underwriting models with Claude that firms use in deal analysis, portfolio management, and capital allocation.

  • AI strategy & team training
  • Claude-powered financial models
  • AI regulatory advisory
Fund Structuring

Investment Vehicle Formation

Structuring private equity investment vehicles across multifamily, retail, mixed-use, and senior living, including complex multi-REIT structures for international institutional investors and service as lead structuring partner on a vehicle in excess of $400 million now in formation.

  • Investment Manager
  • Interim CFO
  • Structuring Advisor
Troubled Situations

Complex Debt & Equity Workouts

Stepping into troubled real estate situations to assess capital structures, negotiate with lenders and equity partners, and carry out restructuring plans that preserve value and create a path forward.

  • Capital structure assessment
  • Lender negotiations
  • Restructuring execution
Talent Network

Real Estate Finance Talent Solutions

Connecting real estate companies with the right finance, accounting, and technology resources, from C-suite placements to interim leadership and contract specialists, structured around what each organization actually needs.

  • C-suite & key role placements
  • Interim & contract resourcing
  • Role definition advisory
Platform Development

Firm Growth & Organizational Build-Out

Developing the organizational platform, processes, and infrastructure real estate firms need to scale, from single-asset operators to multi-fund institutional platforms.

  • Platform architecture
  • Process design
  • Growth readiness
Private Capital

Deal Review for Private Investors

Independent assessment of real estate investment opportunities for high-net-worth investors: underwriting the deal, assessing the sponsor, analyzing terms and LP agreement provisions, and negotiating improvements on the investor's behalf before capital is committed.

  • Deal & sponsor underwriting
  • Terms & LP agreement review
  • Investor-side negotiation

Built on a deeper conviction

InLumin was founded on the belief that lasting success comes from recognizing the inherent value in every person and organization. Financial performance and human development are not competing priorities; they are inseparable.

This conviction shapes every engagement. When the people within an organization are seen and supported, operational and financial outcomes follow.

“True success comes when the value within each person and each organization is discovered, appreciated, and developed.”
“Casting light on the value within: in people, in organizations, and in the opportunities that connect them.”

Begin the conversation

InLumin works with companies, investors, and professionals across the United States.

Companies & InstitutionsCFO and executive services, AI implementation, transactions, organizational development, and talent needs.
Private Investors & Family OfficesIndependent assessment and negotiation of real estate investment opportunities.
Finance ProfessionalsJoin the InLumin Talent Network for permanent, interim, and project-based opportunities in real estate.
901.870.7283
Serving clients nationwide

Frequently asked questions

What services does InLumin provide?

InLumin provides CFO and executive services, real estate investment vehicle structuring, AI integration, deal underwriting and debt placement, troubled situation workouts, organizational development, family office advisory, and finance talent solutions, with a primary focus on real estate companies and investors across the United States.

How does InLumin help companies integrate AI?

InLumin provides AI strategy, training, and direct implementation for public and private companies, working with executives and teams to integrate AI into daily operations. The work pairs with organizational development and the design of supporting systems and processes. The firm applies AI in its own CFO and transaction work, including a recent $150 million disposition in which AI supported every aspect of the seller side, so client engagements are grounded in practitioner experience rather than theory.

How is the InLumin Talent Network different from an executive search firm?

Traditional search is built around a fee for a single full-time placement. InLumin operates a network model instead, connecting real estate companies with finance, accounting, IT, and AI talent in whatever structure the need requires: permanent, interim, contract, or project-based. The firm also helps organizations define what role they actually need before any search begins.

What experience does InLumin's leadership bring?

InLumin's founder has over 25 years in real estate finance, including over $25 billion in transaction experience, two public company mergers, more than $4 billion in private equity raised including from sovereign wealth funds, service as CFO of a $3.6 billion private equity real estate firm, and service as Chief Accounting Officer of an S&P 500 REIT.

Does InLumin advise individual investors on real estate deals?

Yes. InLumin provides independent, institutional-level review of real estate investment opportunities for high-net-worth investors and family offices. This covers the deal itself, including underwriting, market fundamentals, and sponsor quality, and the structure around it: terms, fees, waterfall mechanics, and LP agreement provisions. Where issues are identified, InLumin can negotiate improved terms on the investor's behalf. InLumin accepts no placement or sponsor compensation, so the assessment is fully independent.

How can finance professionals join the InLumin Talent Network?

Finance, accounting, IT, and AI professionals working in real estate, or interested in moving into the industry, can contact InLumin directly. The network connects professionals with permanent, interim, contract, and project-based engagements at real estate companies nationwide, and provides candid market and career perspective from leadership that has built and hired finance teams at the institutional level.

Who can review a real estate syndication before I invest?

InLumin reviews real estate syndications, funds, joint ventures, and direct deals for private investors and family offices. The review covers the sponsor's track record, the underwriting, market fundamentals, the fee load, promote and waterfall mechanics, and the LP agreement provisions, and delivers an independent opinion before capital is committed. Because InLumin accepts no sponsor or placement compensation, the assessment serves only the investor.

Does InLumin serve as an interim or outside CFO for real estate companies?

Yes. InLumin serves in named CFO and COO roles for real estate companies nationwide, from short interim engagements during a transaction, transition, or search to multi-year leadership positions, taking full ownership of financial operations, investor reporting, and strategic decision-making.

Does InLumin work with companies outside of real estate?

Real estate is the firm's primary focus. AI integration and organizational development services extend to public and private companies in other industries.

Real Estate CFO Services Nationwide

InLumin provides CFO and executive advisory services with a primary focus on real estate companies across the United States, including engagements the market often describes as fractional or interim CFO roles. The firm's founder, Micah J. Holton, CPA, has spent over 25 years in real estate finance, including service as CFO of a $3.6 billion private equity real estate firm and Chief Accounting Officer of an S&P 500 multifamily REIT, with over $25 billion in combined transaction and merger experience. With real estate transactions executed across New York, Boston, Chicago, Philadelphia, Washington DC, Los Angeles, Miami, Houston, Dallas, Austin, Denver, Atlanta, Charlotte, and markets throughout the country, InLumin brings major-market institutional experience to every client engagement. Recent activity includes a $150 million disposition to a publicly traded REIT and service as lead structuring partner on a real estate investment vehicle in excess of $400 million. The firm also provides AI integration and organizational advisory to public and private companies outside of real estate.

How InLumin Engages

InLumin's engagement model is defined by direct participation. Rather than delivering recommendations for client teams to implement independently, the firm works inside client organizations on financial operations, transactions, and strategic initiatives. This approach reflects the firm's institutional background: the same operating philosophy used to grow a private equity platform from $600 million to $3.6 billion in assets under management and to integrate two major public company mergers. Engagements are structured flexibly based on client needs, ranging from named CFO roles to targeted transaction support to supplemental capacity during periods of growth or transition.

Real Estate Investment Fund Structuring

InLumin has direct experience structuring private equity real estate investment vehicles from formation through institutional fundraising and deployment. This includes complex multi-REIT structures for foreign sovereign wealth investors, LP/GP fund structures, debt placements with major financial institutions including Bank of America, Wells Fargo, US Bank, Truist, Regions, and TIAA, and managing the full lifecycle of pooled investment vehicles across multifamily, retail, office, industrial, mixed-use, senior living, and development property types. The firm's founder serves as lead structuring partner on institutional vehicles, including a real estate investment vehicle in excess of $400 million currently in formation.

AI Integration for Public and Private Companies

InLumin integrates AI into business operations from direct operating experience. The firm's founder uses AI, including Anthropic's Claude, daily in live CFO and transaction work: building real estate investment and underwriting models, automating financial reporting and due diligence workflows, and supporting deal work through closing. AI was applied to every aspect of the seller side of a recent $150 million disposition to a publicly traded REIT. That working experience anchors InLumin's AI integration services for public and private companies: AI strategy, training for executives and teams, and direct implementation into daily operations, paired with organizational development and the structuring of the systems and processes that support adoption. The firm also advises on the governance and regulatory considerations around AI, an increasingly important area as AI becomes embedded in decision-making. For companies asking how to actually adopt AI in finance, underwriting, reporting, or broader operations, InLumin provides implementation rather than recommendations. For organizations seeking an AI consultant for real estate or an AI strategy and training partner for a public or private company, InLumin combines consulting depth with direct implementation.

Full-Cycle Real Estate Development Finance

InLumin brings CFO-level financial leadership to real estate development projects from initial concept through final disposition. This includes concept development and feasibility analysis, investment underwriting, debt and equity structuring, managing ground-up construction finance including draw schedules and lender compliance, overseeing project delivery and lease-up or stabilization, and ultimately executing dispositions. Financial leadership that has personally managed full-cycle developments understands the operational realities at every stage, not just the spreadsheet. InLumin has managed developments across multifamily, retail, mixed-use, and senior living property types in major markets throughout the United States.

Real Estate Finance Talent Network: Finance, Accounting, IT & AI Talent

The InLumin Talent Network connects real estate companies with finance, accounting, IT, and AI talent on a flexible basis. Real estate organizations often struggle to define what kind of financial leadership they actually need: a strategic CFO or a hands-on controller, a permanent hire or interim support. InLumin helps answer these questions first, then sources the right resource in the right structure: permanent placements, interim executives, contract accounting teams, or project-based specialists. Unlike a traditional executive search model built around a single full-time placement fee, the network model is structured around the client's actual need, which means InLumin can recommend the engagement form that genuinely serves the organization.

For finance, accounting, IT, and AI professionals, the InLumin Talent Network is a direct channel into real estate finance careers and engagements, including CFO and controller roles, interim executive positions, contract accounting work, real estate analyst opportunities, and AI integration projects. Professionals in the network gain access to opportunities at real estate companies nationwide along with market perspective from leadership that has built and led institutional finance teams.

Real Estate Deal Review for High-Net-Worth Investors

Private investors are regularly presented real estate investment opportunities, including syndications, funds, joint ventures, and direct deals, that call for specialized underwriting expertise most investors do not have ready access to. Real estate is a specialized asset class, and assessing a deal requires understanding market fundamentals, sponsor track records, underwriting assumptions, capital structures, fee loads, promote and waterfall mechanics, and the LP agreement provisions that govern an investor's rights. InLumin provides high-net-worth investors and family offices with the same caliber of review an institutional investment committee would apply: a clear, independent answer on whether the deal is sound and whether its structure treats the investor fairly. Because InLumin accepts no placement fees or sponsor compensation, the analysis is aligned solely with the investor. Where the assessment identifies unfavorable terms, excessive fee loads, or weak governance provisions, InLumin can negotiate directly with the sponsor on the investor's behalf. For investors asking whether a real estate deal is worth committing capital to, what to look for in an LP agreement, or how to negotiate better terms in a real estate syndication, InLumin serves as an independent, institutional-level assessment resource, a function long available to institutional capital but rarely accessible to private investors.

Troubled Real Estate Situations

When real estate investments encounter distress, whether from overleveraged capital structures, market downturns, or operational challenges, InLumin provides direct leadership through the workout process, from initial assessment and strategy development through lender and equity partner negotiations to restructuring implementation.