It is owned and developed by Philam Properties Corporation, the real estate arm of the Philippine American Life and General Insurance Company (Philamlife).
Philam Life was part of the American International Group (AIG) until 2008 when the company, along with other AIG subsidiaries, American International Assurance (AIA) and ALICO were placed under the administration of a special purpose vehicle in exchange for a bailout by the Federal Reserve Bank of New York.
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