The ILM executive team is composed of a seasoned group of professionals who bring together an extensive array of skills and experience. Members of the executive team have worked together for a number of years, and collectively have honed a transparent and effective approach to student and investing and management. 

Members of the executive team have worked together for a number of years, and collectively have honed a transparent and unobstructed approach to student and multifamily investing and management.


Michael Wheeler, CEO

Michael P. Wheeler leads ILM Capital and chairs the investment committee.  He directs the operations, management, and strategy of ILM. He is a serial entrepreneur having founded and monetized three technology businesses over the last 20 years with combined equity values of greater than $400M.  Integrex Systems, mindSHIFT Technologies, and Segovia Inc. were all successfully conceived, grown, operated, and sold to publicly traded businesses.  

Mr. Wheeler began investing in multifamily and student focused real estate in 2012, and provides the in-house capital for all ILM acquisitions.

Brian Farr, Chief Financial Officer

Brian Farr is the Chief Financial Officer of ILM. He is responsible for managing the accounting, financial reporting, tax, and treasury functions.  He also takes a lead role in the raising of debt and equity capital. Prior to joining ILM, Brian served as Controller and Chief Financial Officer for 17 years for both private equity and real estate private equity firms, most recently with Redwood Real Estate Partners where he worked for nine years.  While at Redwood, Brian created the accounting, tax, treasury, insurance, and HR infrastructure and also underwrote and asset managed student housing and multifamily investments during Redwood’s earlier stages.

Brian began his career with Price Waterhouse, spending five years there as a Tax Associate and Senior Tax Consultant in the Dallas and Washington, DC offices. He also served in the United States Peace Corps as a Small Business Development volunteer in Romania, where he helped small businesses write business plans, procure loans and implement financial management techniques.

Brian is a Certified Public Accountant and a CFA charterholder. He holds a Bachelor’s in Business Administration in Accounting and a Master of Taxation from Baylor University.

Janelle Tiernan, General Counsel

Janelle Tiernan serves as General Counsel and is responsible for risk management of ILM.  With nearly 20 years of legal experience, she has concentrated her practice on real estate transactions including acquisition, financing, and disposition of multifamily and student assets, condominium conversions, as well as commercial and residential development projects.  Ms. Tiernan manages all legal matters for the Company, and oversees corporate governance and risk management. Ms. Tiernan is also highly involved in Company operations, including property, asset and construction management. 

Ms. Tiernan received her Juris Doctor degree from Suffolk University Law School in Boston.