In a candid interview at the recent Connect Midwest Multifamily event in Chicago, AMLI Residential founder Greg Mutz recapped his journey to becoming a national leader in real estate, covering the personal and professional forces that shaped his experience.
Mutz, Chairman & CEO of AMLI Residential Partners, was presented a Lifetime Achievement Award during the event, which brought together a wide range of real estate experts to discuss insights and opportunities in the Midwest multifamily markets.
Mutz helped cofound AMLI Residential Partners, a Chicago-based real estate company, in 1980, which was originally named AMLI Realty Co. AMLI split into two separate companies in 1993 – AMLI Residential and AMLI Commercial Properties.
Raised in Indianapolis and educated at DePauw University, Mutz began his professional life in the U.S. Army, where he identified six key leadership principles that guided his business philosophy. “Talent selection, strategy, communication, culture, resource allocation, and risk mitigation. “If you have the wrong person in a key role, you’re doomed,” said Mutz. “And if you don’t focus on what you’re good at, you’re going to fail.”
After military service, Mutz attended the University of Michigan Law School and spent time in both law and investment banking before co-founding AMLI in 1980. He credits his legal and banking background for preparing him to lead a real estate firm, giving special accolades to his longtime business partners John Allen, Phil Allenby, and Alan Sweet.
AMLI eventually rose from a small business supported by a family-and-friends capital model to have institutional investor backing and eventually a public offering in 1994.
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