Meet the Team

VAV Properties was founded by Jarrett Duncan and Serg Lupescu with a shared vision of creating long-term value through strategic commercial real estate investments and redevelopment. Recognizing the untapped potential in underutilized properties, they set out to acquire, reposition, and transform commercial assets into thriving spaces that benefit businesses, tenants, investors, and the communities they serve.

Our investment strategy focuses on identifying overlooked opportunities, revitalizing aging properties, and creating modern, functional environments through thoughtful redevelopment, adaptive reuse, and active asset management. Whether it's retail centers, healthcare facilities, office buildings, or mixed-use commercial properties, our goal is to unlock value while delivering exceptional experiences for both tenants and investors.

Jarrett and Serg bring complementary expertise that makes VAV Properties uniquely positioned for success. Over the past several years, Serg has built and operated successful healthcare businesses while mentoring entrepreneurs nationwide on launching and scaling their own companies. At the same time, Jarrett has built an extensive commercial real estate portfolio, specializing in acquisitions, redevelopment, leasing, and long-term asset management. Together, they combine operational insight with real estate experience to execute projects that create lasting value.

At VAV Properties, our core values are simple: acquire with discipline, redevelop with purpose, and operate with integrity. We are committed to delivering high-quality commercial properties that businesses are proud to occupy while providing complete transparency and alignment with our investment partners throughout every stage of a project.

As we continue to grow, our mission remains the same—to revitalize communities, strengthen local economies, and create enduring value through thoughtful commercial real estate investments and redevelopment.

Jarrett Duncan / Managing Partner & Chief Financial Officer

Jarrett is the Managing Partner and Chief Financial Officer of Valley ALF Ventures. He is also the founder and the Managing Partner of JMD Real Estate Investments, LLC which currently owns and operates close to $23M worth of residential and commercial real estate in AZ and FL alongside their investors.

They have overseen the acquisition, renovation and stabilization of 7 residential units and 20 commercial properties, including 10 assisted living facilities, 9 behavioral health facilities and 1 rehabilitation center.

They have been investing and running their business operations since January 2018.

Jarrett is a graduate of Northern Illinois University with a B.S. in Business Management along with an MBA in Finance from the University of Missouri-Kansas City.

Serg Lupescu / Managing Partner & Chief Operating Officer

Serg is a real estate investor, entrepreneur, and educator specializing in residential assisted living (RAL) and healthcare real estate. He is the Managing Partner and Chief Operating Officer of Valley ALF Ventures, a commercial real estate syndication company focused on acquiring and developing senior housing and healthcare properties.

Serg is also the former owner and operator of Legion Manor LLC, where he successfully operated a residential assisted living facility. His background in healthcare began in 2014, and when he worked as a licensed nurse aide, gaining hands-on experience caring for seniors. In 2017, he earned his nursing degree from Southwest Baptist University, and in 2018, he launched his own residential assisted living home, combining clinical knowledge with entrepreneurial vision.

Beyond operating facilities, Serg has been actively involved in advocating for the assisted living industry. He previously served as the Marketing Co-Chair on the Board of Directors for the Arizona Assisted Living Homes Association (AALHA), where he worked to support and represent assisted living operators across the state.

Serg is also the founder of Legion Assisted Living Academy and of The Assisted Living Community, where he teaches aspiring entrepreneurs how to start and scale residential assisted living homes. Through his education programs, mentorship, and YouTube content, he shares practical strategies on licensing, operations, real estate, marketing, and filling beds.

Michelle Duncan / Director of Acquisitions & Accounting

Michelle is the Director of Acquisitions and Accounting for Valley ALF Ventures. She is also a Managing Partner of JMD Real Estate Investments alongside her husband Jarrett. Michelle brings a vast and diversified level of experience from her past careers in the real estate, legal, broadcasting and hedge fund industries.

Michelle is a graduate of the University of Kansas (Rock Chalk!) with a B.S. in Business Management.

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