Global-Estate Resorts, Inc. (GERI) was incorporated on May 18, 1994 as Fil-Estate Land, Inc. (LND) to consolidate the real estate interests and development activities of the Fil-Estate Group of Companies. In 2011, Alliance Global Group, Inc. (AGI) acquired a majority stake in LND and re-launched the Company as GERI to engage in the development of integrated tourism estates. With this development, the Board of GERI resolved to amend the corporate name to its present name. In 2014, GERI was consolidated under Megaworld Corporation when the latter acquired AGI’s stake in the Company.
GERI has a diversified portfolio of integrated projects, including integrated tourism estates development; horizontal residential subdivision lots and residential/commercial complexes; residential communities integrated with golf, resort and other leisure-related and commercial complexes; residential, office and commercial high-rises; business parks; and low-cost housing. The Company’s key developments include Boracay Newcoast in Malay, Aklan; Twin Lakes in Laurel, Batangas; Sta. Barbara Heights in Iloilo; Southwoods City in Laguna and Cavite; Alabang West in Las Piñas, Metro Manila; and Eastland Heights in Antipolo City, Rizal.
GERI’s subsidiaries include Fil-Estate Properties, Inc.; Fil-Estate Golf and Development, Inc.; Fil-Estate Urban Development Corp.; Novo Sierra Holdings Corporation; Twin Lakes Corporation; Megaworld Global-Estate, Inc.; Oceanfront Properties, Inc.; Southwoods Mall, Inc.; and Global Homes and Communities, Inc.
Source: SEC Form 17-A (2018)