Company

MMG Equity Partners is a privately-owned investment company focused on the long-term ownership, development, and acquisition of commercial properties in Florida.

MMG’s roots lie in retail, with each person on our executive team having been instrumental in the growth and management of a successful $350 million drugstore chain. Having been on the retailer’s side of the table for many years allows us to fully understand the needs of a retailer. Each of our projects is looked at to ensure that it meets needs of both the retailers and the landlord.

MMG’s entire management team is born and raised in South Florida, allowing us to intimately know the market and the communities within it. As a result, our portfolio is currently concentrated in South Florida retail.

50+

years of focus on building relationship with owners

We are proud of the strong reputation that we have built in the community over 50 years of focus on building long-lasting relationships with owners, brokers, tenants, lenders and partners

Gabriel Navarro
Principal

Gabriel Navarro


In his current role at MMG, Gabriel is responsible for acquisitions, investments, joint-venture opportunities, and oversight of leasing of the portfolio. Prior to MMG, over the course of twenty years at Navarro Discount Pharmacies, Gabriel filled many roles including oversight of purchasing, merchandising, marketing, and real-estate prior to serving as CEO. During that time, the company grew to 30 stores with revenues of $350 million leading the industry in productivity measures including sales per store and sales per square foot.

Following the sale of Navarro to CVS Health (a Fortune 10 company), Gabriel spent two years at CVS in a senior leadership role and officer of the company. In this role, he was focused on helping CVS grow its business in Hispanic markets by better serving the needs of the Hispanic consumer, and was responsible for the testing and scaling of the ‘CVS y más’ Hispanic format.

The family separately owned FDC Vitamins, which packaged and marketed vitamins and supplements. Gabriel led the business through 2007 when the family sold a majority stake to a private-equity firm and remained as a Board Member through the sale of the company to Vitamin Shoppe in 2014. Gabriel graduated from the University of Miami in 1995 with a bachelor’s degree in Finance. He is married with three children.


Marcel Navarro
Principal

Marcel Navarro


In his current role at MMG, Marcel is responsible for all financial matters of the company including acquisitions, underwriting, partnerships, accounting, tax, and financing. Prior to MMG, Marcel was Chief Financial Officer of both Navarro Discount Pharmacies and of FDC Vitamins, up until the sale of each to CVS Health and Vitamin Shoppe. Marcel is a Certified Public Accountant (CPA) with an accounting degree from Florida International University and an MBA from the University of Miami. Marcel serves on the Board of Directors of the FIU Foundation as well as the Board of Trustees for Palmer Trinity School. He is married with three children


Martin Pico
Principal

Martin Pico


Martin has been involved in real estate investment and development for over 20 years and is involved in numerous areas of the business including acquisition due diligence, asset management and construction and development.

Prior to MMG, Martin was Vice-President of Navarro Discount Pharmacies and heavily involved in the company’s expansion and real estate matters.  He oversaw leasing, new store construction and conversion of acquired pharmacies.  He was also a partner at the law firm of Arnstein & Lehr in Miami and focused his practice on commercial and real estate transactions as well as zoning and land use matters and environmental litigation.