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
Managing Partner

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
Managing Partner

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
Managing Partner

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.


Michael Navarro
Associate

Michael Navarro


In his current role at MMG, Michael is responsible for detailed acquisition modeling and underwriting for various asset classes, and has an active role in evaluating joint venture/partnership deals.

Prior to joining MMG, Michael worked at Navarro Discount Pharmacies, a family-owned retail drug chain in South Florida.  Michael lead various teams during his time with Navarro, including store operations, loss prevention, accounting/finance, procurement and merchandising.  Following the sale of Navarro to CVS, Michael spent 5 years at Carnival Cruise Line, leading the shipboard operations analytics team.

Michael graduated from Florida International University with a bachelor’s in Business Administration and obtained a Masters in Business Administration from Nova Southeastern University.  He is married with two children.


Marcos Puente
Director of Acquisitions

Marcos Puente


In his current role, Marcos leads MMG’s investment efforts including all aspects of acquisitions from sourcing to underwriting.

Prior to MMG, Marcos most recently held the role of Vice President of Capital Markets at Colliers International of South Florida where he was focused on representing both buyers and sellers in investment sales. Prior to that, he was a Senior Associate in the Net Leased Properties Group at Marcus & Millichap. In his prior roles, Puente has arranged over $200 million in sales of properties throughout Florida and the south eastern United States. Marcos holds a bachelor’s degree concentrated in finance from Florida International University; he was born and raised in South Florida


Carmen Gutierrez
Office Manager

Carmen Gutierrez


In her current role as Office Manager, Carmen focuses on executive-level management support and organizing office operations and procedures.

Prior to MMG, Carmen was with Navarro Discount Pharmacies for 18 years.  At Navarro, she was Assistant to the CEO during which the chain grew from six stores to 32 at the time of the company’s sales to CVS Health. In this role she was involved with contracts, marketing, compliance, and licensing for state and federal programs.  She was also responsible for management of the family’s real estate properties, interacting with each of the tenants in the portfolio.

Prior to Navarro, Carmen worked with the DeBartolo Corporation as an Administrative Assistant.  In this role Carmen interacted with tenants and office management.

In 2008, Carmen joined MMG where she engages in a professional atmosphere of a growing, successful company and enjoys a family-like environment.


Shana King
VP, Business Development, MMG Consumer Brands

Shana King


Shana King is an accomplished and results driven executive leader with over 20 years experience in the beauty & CPG industries. With extensive experience focusing on strategic customer/retailer development, brand & product development, sales generation, sales strategy, go-to market strategy and industry analysis. Shana has worked closely with the some of the largest retailers and brands in the world and you can currently find many of her efforts seen in stores today across North America.

Originally from Toronto Canada, she now resides in Atlanta Georgia.


Daniel Orona
Controller

Daniel Orona


In his current role at MMG, Daniel is responsible for assisting with all financial, accounting and administrative matters.

Prior to joining MMG, Daniel held the role of Chief Compliance Office and Operations Manager at BigSur Partners where he was responsible for overseeing all of compliance and operational duties of a large multi-family office. Prior to that, he was an Investment Advisor Representative and Accountant in a boutique firm in Coral Gables, FL that provided accounting, tax, and wealth management services to high net worth clients. His responsibilities included ensuring the firm’s adherence to federal securities law, rules and regulations and he directly supervised client relationships in the areas of wealth management and investment portfolios. His designations of CPA and CFP® also allowed him to be an integral part of the firm’s tax and financial planning services.

Daniel Orona holds the titles of Certified Public Accountant and Certified Financial Planner®.  He brings nearly 15 years of experience in the financial industry, with over 10 years of specialization in the fields of wealth management, accounting and compliance.  Daniel earned his Master of Accounting (2009) and his Bachelor of Business Administration in Finance (2005) from Florida International University.

He is happily married with 1 child.


Rashda Khan
VP, Product Development, MMG Consumer Brands

Rashda Khan


In her current role, Rashda is responsible for managing and driving the day-to-day product development process, from concept to launch for MMG Consumer Brands.

Rashda has over 10 years of Product Development experience in the CPG industry. She has successfully developed and commercialized many products in market while keeping consumer, technology and business top of mind. She is skilled at existing product optimization, new product innovation and category pipeline growth.

Rashda graduated from the University of California, Santa Barbara in 2007 with a Ph.D. in Chemistry.

Originally from Toronto, Canada, she now resides in South Florida.