Fifty Six Properties owns and runs 100 apartments in Hollis, Sanford and Limerick. We buy for cash flow, fix what needs fixing, and tell our partners exactly what happened.
I’m an engineer by training. I studied mechanical engineering at the University of Maine, then spent fifteen years in consumer products: engineering, sourcing, sales operations and product marketing. My last job before Fifty Six was engineering management at iRobot.
In 2015 we bought a six-unit building on Maple Street in Limerick. In 2019 we added three more Limerick houses and, with partners, 63 apartments in Hollis. Sanford followed in 2022.
The idea hasn’t changed. Buy older Maine apartment buildings at a price that works on today’s rent. Fix what needs fixing. Run them for cash flow, not for a bet on the market. Then tell partners what happened, every quarter, in plain English.
Today that’s 100 apartments in three towns, and more than $1.9 million paid out to partners.
Brian JolliffeManaging Partner · (781) 879-8820
Track record
Never missed an investor distribution in 11 years.Never made an investor capital call.Never lost a penny of investor money.
Timeline
We bought 18 Maple Street, a six-unit building in Limerick.
Three more houses: 36 Maple, 44 Maple and 129 Washington. Six apartments.
63 apartments on five properties, bought with partners. Distributions started that year.
49 apartments. We kept 25 in five buildings and sold the rest as Sanford Portfolio II.
1.36x to investors in 9 months.
100 apartments and more than $1.9 million paid to partners.
At a glance
The team
Managing Partner
Handles investor relations, acquisitions and asset management, and writes the quarterly letters.
Before Fifty Six: fifteen years in consumer products, most recently engineering management at iRobot.
University of Maine · B.S., Mechanical Engineering
Principal
Works on investor relations, acquisitions and financing.
Before Fifty Six: Chief Financial Officer of DSPM, a privately held company that bought and developed multi-use commercial real estate, and Director of Finance and Administration for the National Sales Group at UBS Wealth Management.
Vassar College · Economics and Science, Technology & Society
How we operate
We buy for steady income, not a bet on the market.
Plain answers, no surprises, and your money handled like ours.
Simple terms you can explain to your accountant in one sitting.
You see how we buy, fix and run every building.
A short quarterly letter with the numbers that matter.
Offerings are for accredited investors. Call Brian or send a note, and we’ll walk you through how a deal works.