Gabriel Navarro: His MMG Fairness is rising industrial realty, ski resort

After spending over 20 years main Navarro Low cost Pharmacies, Gabriel Navarro is constant his household’s legacy of entrepreneurship with MMG Fairness Companions. 

Now, as managing companion and CEO of MMG Fairness Companions, a family-owned industrial actual property agency, Mr. Navarro has helped develop its portfolio to almost 2 million sq. ft of retail house, a lot of it in buying facilities all through South Florida. His management can also be driving MMG’s enlargement into multifamily improvement, additional strengthening its place as a key participant within the native industrial actual property market.

MMG Fairness Companions can also be the only proprietor and developer of Tamarack Resort, a 3,600-acre, year-round ski, golf, and lake vacation spot in Idaho. Beneath his possession, Tamarack has seen large development, with over 500 households now calling it house and plans for two,200 residences at full buildout. The resort has been named Powder Journal’s number one up-and-coming resort within the West and was not too long ago acknowledged amongst Conde Nast’s Prime 30 US Ski Resorts. A 200-slip marina is ready to debut in 2025, additional elevating its standing as a premier mountain vacation spot.

Previous to MMG, Mr. Navarro stuffed many roles at Navarro Low cost Pharmacies, together with oversight of buying, merchandising, advertising, and actual property earlier than serving as CEO. Throughout that point, the corporate grew to 30 shops with revenues of $350 million, main the business in productiveness measures, together with gross sales per retailer and gross sales per sq. foot.

Following the sale of Navarro to CVS Well being, he spent two years at CVS as a senior chief and officer. On this function, he targeted on serving to CVS develop its enterprise in Hispanic markets by higher serving the wants of the Hispanic client. He was answerable for the testing and scaling of the ‘CVS y Más Hispanic format,’ which has since grown to almost 500 areas nationwide. 

The household individually owned FDC Nutritional vitamins, which packaged and marketed nutritional vitamins and dietary supplements. He led the enterprise via 2007, when the household bought a majority stake to a private-equity agency, and he remained as a board member via the sale of the corporate to Vitamin Shoppe in 2014.

Mr. Navarro mentioned his profession is a narrative of household legacy, strategic development, and entrepreneurial success throughout a number of industries, and now he’s serving to to form the way forward for Miami’s actual property market.

Mr. Navarro spoke with Miami Right this moment reporter Abraham Galvan.

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