In the world of real estate, ordinary is commonplace. All too often, real estate developers copy the template of previous successes — from location to pricing to architecture — and it works most of the time. While selling the three remaining units during the pandemic, the founders invented a bold new kind of real estate development: the Active-Yielding Asset. “In real estate, ordinary means copying the same box,” Mr. Mañalac said, describing common industry practices, “Let’s do the same thing. The idea, Mr. Mañalac explained, is to do what other real estate developers can’t, giving them a distinct competitive edge.