Several miles south, towards the airport, amid nice suburban developments, is Makati. This would be the logical place to base Epiphyte Corp. It’s got a couple of giant five-star luxury hotels on every block, and office towers that look clean and cool, and modern condos. But Avi, with his perverse real estate sense, has decided to forgo all of that in favor of what he described on the phone as texture. "I do not like to buy or lease real estate when it is peaking," he said.