CHICAGO—John Allen, who helped build the company that would become Chicago-based apartment firm Amli Residential in 1980, died Sunday at his home in Chicago. He was 76. Reports indicate that he died from colon cancer.
Amli Residential's predecessor, which Allen started with its current CEO, Gregory Mutz, grew into two distinct fircompanies. Amli Commercial Properties Trust, which developed office parks in the Chicago area and in other markets before being sold in 2001, and Amli Residential Properties Trust, an apartment builder, says Crain's Chicago Business' Chicago Real Estate Daily.
The residential business went public nearly 20 years ago as a real estate investment trust, trading on the New York Stock Exchange until 2006, when a fund managed by New York-based Morgan Stanley took the business private. Amli Residential is currently developing rentals in the city's River North and South Loop neighborhoods and in suburban Evanston.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
