Gregory Mutz

Chairman, AMLI Residential

Greg Mutz wants to make Michigan Avenue magnificent again.

Even while buying and selling existing assets, his firm AMLI has continued to plan for the next cycle. Not only has it lined up a 56-story residential tower development on the Magnificent Mile — a project that requires both ambition and patience amid high construction costs and cautious lenders — but there’s a new CEO for the company for the first time since its founding in 1980.

Mutz started 2026 by maintaining the title of chairman while stepping back from the CEO role, handing that off to Fred Schreiber. Mutz co-founded AMLI in 1980 with John Allen, a fellow lawyer.

Under Mutz, AMLI remained active even as capital markets restricted. In 2025, the firm dropped more than $134 million on a West Loop building, one of Chicago’s largest apartment transactions of the year that reaffirmed its willingness to deploy capital selectively when pricing resets make sense. At the same time, AMLI has balanced buying with selling. In South Florida, the firm exited a Sunrise apartment complex in 2024, recycling capital as it sharpened its focus on core, long-term holds. 

Elsewhere, AMLI has pursued adaptive reuse opportunities, including the redevelopment of former AT&T dormitories near Dallas, signaling flexibility in how it adds supply without overbuilding.

Mutz has also become more vocal in Chicago policy conversations as housing affordability and zoning rise on political agendas, advocating for conditions that support rental development.

— Sam Lounsberry