Gabriel Navarro: His MMG Equity is growing commercial realty, ski resort

After spending over 20 years leading Navarro Discount Pharmacies, Gabriel Navarro is continuing his family’s legacy of entrepreneurship with MMG Equity Partners. 

Now, as managing partner and CEO of MMG Equity Partners, a family-owned commercial real estate firm, Mr. Navarro has helped grow its portfolio to nearly 2 million square feet of retail space, much of it in shopping centers throughout South Florida. His leadership is also driving MMG’s expansion into multifamily development, further strengthening its position as a key player in the local commercial real estate market.

MMG Equity Partners is also the sole owner and developer of Tamarack Resort, a 3,600-acre, year-round ski, golf, and lake destination in Idaho. Under his ownership, Tamarack has seen tremendous growth, with over 500 families now calling it home and plans for 2,200 residences at full buildout. The resort has been named Powder Magazine’s number 1 up-and-coming resort in the West and was recently recognized among Conde Nast’s Top 30 US Ski Resorts. A 200-slip marina is set to debut in 2025, further elevating its status as a premier mountain destination.

Prior to MMG, Mr. Navarro filled many roles at Navarro Discount Pharmacies, including oversight of purchasing, merchandising, marketing, and real estate before 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, he spent two years at CVS as a senior leader and officer. In this role, he focused on helping CVS grow its business in Hispanic markets by better serving the needs of the Hispanic consumer. He was responsible for the testing and scaling of the ‘CVS y Más Hispanic format,’ which has since grown to nearly 500 locations nationwide. 

The family separately owned FDC Vitamins, which packaged and marketed vitamins and supplements. He led the business through 2007, when the family sold a majority stake to a private-equity firm, and he remained as a board member through the sale of the company to Vitamin Shoppe in 2014.

Mr. Navarro said his career is a story of family legacy, strategic growth, and entrepreneurial success across multiple industries, and now he’s helping to shape the future of Miami’s real estate market.

Mr. Navarro spoke with Miami Today reporter Abraham Galvan.

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