Montana Home’s parent company, Grand Monaco Land, Inc., received the Innovative
Excellence in Real Estate Award during the OFW Party List’s 3rd Impact Awards held at Marriott
Hotel, Newport City Complex, Pasay City, on September 5, 2024. The award was presented by
Hon. Marissa “Del Mar” Magsino of the OFW Party List to Grand Monaco Land President & CEO
Engr. Reynaldo A. Carpio, Ph.D.
Grand Monaco’s journey began when Engr. Reynaldo A. Carpio, Ph.D., founded a construction
company called Monte Carlo Associate Builder, Inc. The company initially undertook sub-
contracts from larger, established firms in the industry. The company quickly gained a
reputation for solid and dependable performance and achieved a ‘Triple A’ status as a full-
fledged contractor, in time. In 2003, Engr. Carpio ventured into real estate and housing
development, and established the Grand Monaco Estate Developer’s Inc., initially focusing on
pocket-sized projects within cities like Pasay, Quezon City, Pasig, and Rizal province. Within a
short period of time, the company’s trajectory soared, evolving into a multi-billion venture with
over Php 7.8B worth of saleable houses and lots dedicated to upper low-cost and middle-
income categories. Since 2010, Grand Monaco has been recognized with numerous accolades in
the real estate industry.
The year 2015 marked the establishment of Montana Homes as a subsidiary of Grand Monaco.
At the same time, Grand Monaco rebranded itself as Grand Monaco Land, Inc. (GMLI), marking
a fresh chapter in its corporate identity. In 2021, Grand Monaco Land, Inc. transformed into a
conglomerate, broadening its portfolio to encompass commercial buildings, beach properties,
and the development of hotels and resorts, among other ventures.