Our Team

CEI-Boulos Staff

30 Federal Street
Brunswick, ME 04011
207-772-2886sam.spencer@ceiboulos.com

Sam Spencer

CEO and Managing Director

30 Federal Street
Brunswick, ME 04011
207-772-2886sam.spencer@ceiboulos.com

Sam Spencer is CEO and Managing Director of CEI-Boulos Capital Management, a real estate investment fund management company focused on delivering both competitive financial returns and social impact. The company serves banks, family offices, and other institutional investors, and has a national scope. CEI-Boulos is a joint venture between CEI, a community development finance institution, and The Boulos Company, an integrated commercial real estate firm.

The company’s first Opportunity Zone fund is the Woodforest CEI-Boulos Opportunity Fund. The fund invests in high-impact commercial real estate projects across the seventeen-state Community Reinvestment Act footprint of its sole investor, Woodforest National Bank, with the goal of ensuring that these investments benefit the economically distressed communities in which the projects are located. In 2020, the Woodforest CEI-Boulos Opportunity Fund was recognized by Forbes and the Sorenson Impact Center as one of the “The Forbes OZ 20: Top Opportunity Zone Catalysts,” and one of the ten most innovative and impact focused Opportunity Zone funds in the country. In 2021, the fund was the winner in the Societal and Community Impact Innovation category of the Banking Administration Institute (BAI) Global Innovation Awards.

Spencer was previously Senior Vice President for Investments at CEI Capital Management, of the nation’s leading allocator of federal New Markets Tax Credits. Spencer has also been an entrepreneur in the energy field and a real estate developer. He served on the Clinton White House staff for four years, including as Special Assistant to Vice President Al Gore. For eight years he served as Democratic National Committeeman for Maine. He is a board member of Maine Coast Heritage Trust, a leading state-wide land trust, where he serves as the Chair of the Public Policy Committee, on the Executive Committee, the Lands Committee, the Governance Committee, the DEIJ Working Group, and on the board of an affiliated LLC. He has also previously served as president of the board of Opportunity Maine, an education policy non-profit, and as president of the Portland Development Corporation, the city’s economic development and loan authority, and on the board of Maine and Company, a non-profit focused on state business attraction. As a high school student, he served as Head Page of the U.S. Senate. He received a BA degree cum laude in government from Harvard College and MBA degree from Harvard Business School.

30 Federal Street
Brunswick, ME 04011
charles.spies@ceiboulos.com

Charlie Spies

President and Managing Director

30 Federal Street
Brunswick, ME 04011
charles.spies@ceiboulos.com

Charlie Spies is Managing Director of CEI-Boulos Capital Management, LLC, where he focuses on capital raising. He is also a member of the company’s board of directors.

Charlie recently retired as CEO of CEI Capital, where he oversaw all aspects of the organization’s operations including: capital sourcing and deployment; project sourcing and underwriting; investment recommendations; accounting; compliance; asset management; and public relations. Under his leadership, CCML raised and deployed $1.02 billion in federal and state New Markets Tax Credit (NMTC) allocation in more than 95 projects across the U.S. without a single year of financial loss, making CCML one of the nation’s leading allocatees of federal NMTCs. Like CEI, CCML’s focus on projects located in underinvested rural communities has helped to create and preserve 8,849 jobs and the firm has entered into Community Benefit Agreements that directed over $12.5 million in additional investments into programs that support people and communities with low incomes.

Prior to joining CEI Capital in 2006, Charlie served as chief operating officer for the Gulf of Maine Ocean Observing System. Through creative and strategic management, he successfully led the organization through a 73% cut in federal funding by diversifying revenue sources. He grew an individual membership program and secured direct funding from the State of Maine, including a $500,000 emergency appropriation. He has also served as CEO for the Finance Authority of Maine (FAME) and president and CEO of the National Association of Seed and Venture Funds. As one example of his capital raising experience, Charlie established and secured funding at FAME for a $150 MM secondary market for student loans. While managing the Small Enterprise Growth Fund at FAME he also raised and invested over $9M in funds for seed-stage venture capital investments from both public and private sources. Until he exited CEI Capital Management in September 2020, Charlie served for ten years on the executive committee of the board of the New Markets Tax Credit Coalition.

He received a B.S. in forest utilization and an M.S. in forest entomology from the University of Maine, and an M.B.A. from Southern New Hampshire University.

Drew Sigfridson

Managing Director

Drew Sigfridson is a co-founder and Managing Director of CEI-Boulos Capital Management, LLC, where he helps source and underwrite qualified Opportunity Zone social impact investments. He is also a member of the company’s board of directors. He has worked in commercial real estate for over 20 years and is Managing Director at The Boulos Company, where he focuses on strategic growth, new business development, brokerage of investment and development projects and operations in Maine and New Hampshire. Drew also works on Class A office leasing, industrial developments and corporate representation on acquisitions and dispositions. He has served as director and past president for the Maine Commercial Association of Realtors, past president of the Maine Real Estate & Development Association, and past chairman of the Avesta Housing Board of Directors. He currently sits on the board of directors for the Society of Industrial and Office Realtors Chapter of New England and CIANBRO Construction.  Drew holds real estate commission licenses in Maine and New Hampshire, and holds a dual-certification as an office and industrial specialist in the Society of Industrial and Office Realtors (SIOR). He is a graduate of Bowdoin College, Cum Laude, with a B.A. in government and history.  

Morris Fisher

Managing Director

Morris Fisher is Managing Director of CEI-Boulos Capital Management, LLC, where he helps source and underwrite qualified Opportunity Zone social impact investments. He is also a member of the company’s board of directors. Morris has been President of Boulos Asset Management since 2005. He is responsible for leading a team of property management professionals, developing and implementing company strategy and, with his 30 years of commercial real estate experience, spearheads the company’s commitment to help clients achieve their real estate objectives. Fisher previously served as Controller and Chief Financial Officer and became a Principal of the firm in 1995. Having years of real estate development, operations, leasing and finance experience, his responsibilities include directing the operation of a property management company with 50 employees and real estate projects under management totaling 5 million square feet of commercial space. He also provides strategic real estate advice to the firm’s clients. Fisher has extensive experience in the development, marketing, leasing and sale of major retail, office and industrial properties in both downtown and suburban locations. Fisher is a Trustee of Maine Medical Center and serves on other for profit and not for profit boards. He is a former officer and member of the board of Portland Public Library, The Park Danforth, Catholic Charities of Maine and the Portland Downtown District. Prior to joining Boulos Asset Management's Property Management division, he was a senior accountant with KPMG Peat Marwick.

Charles (CJ) Masterson

Investment Manager

cmasterson@ceiboulos.com

Charles (CJ) Masterson is the Investment Manager at CEI-Boulos Capital Management where he focuses on deal generation and financial underwriting for the group’s Opportunity Zone investments. CJ graduated from Bowdoin College in 2019 with a B.A. in Economics and concentrations in both Arabic and Mathematics. During his time at Bowdoin, CJ was a member of the Men’s Varsity Soccer team that won the 2015 NESCAC Championship and earned bids to two, DIII NCAA Men’s College Soccer Tournaments. CJ previously worked as an Acquisitions Intern at STAG Industrial, a Boston-based Real Estate Investment Trust (REIT). He has also completed an MIT Certificate Program on Commercial Real Estate Analysis and Investment, a summer program in Mathematics at Brown University, and a summer program in Economics at Harvard University.

30 Federal Street
Brunswick, ME 04011
207-504-5890elizabeth.rogers@ceimaine.org

Elizabeth Rogers

Chief Communications Officer

30 Federal Street
Brunswick, ME 04011
207-504-5890elizabeth.rogers@ceimaine.org

Elizabeth Rogers is the chief communications officer at CEI, and oversees the administration of CEI Investment Notes. She leads communications, marketing, and branding to advance the organization’s mission-driven investing, business advising and state and federal policy efforts. Previously, she held consecutive positions including vice president, overseeing communications, advocacy and programming for over 12 years at a national organization dedicated to increasing access to dental care for underserved populations. Elizabeth created and led an award-winning multi-year Campaign for Oral Health Equity with funding from the W.K. Kellogg Foundation and The Robert Wood Johnson Foundation, which catalyzed state and federal policy changes. Elizabeth began her career as a producer at Chicago Public Radio, and also owned Rogers Public Relations Co. in Chicago. Elizabeth holds a B.A. in history from the University of Virginia; a B.F.A. from the School of the Art Institute of Chicago; and an M.S. in health policy and management from the Muskie School of Public Service at the University of Southern Maine. She helps to lead an initiative conducting public opinion and messaging research on climate-related policy solutions for the Maine Climate Table.

Board of Directors

  • Betsy BiemannCEO
    Coastal Enterprises, Inc.
  • Morris FisherPresident
    Boulos Asset Management
  • Drew SigfridsonManaging Director
    The Boulos Company
  • Charlie SpiesManaging Director
    CEI-Boulos Capital Management
Coastal Enterprises, Inc.
Brunswick, ME

Betsy Biemann

CEO

Coastal Enterprises, Inc.
Brunswick, ME
Boulos Asset Management
Portland, ME

Morris Fisher

President

Boulos Asset Management
Portland, ME
The Boulos Company
Portland, ME

Drew Sigfridson

Managing Director

The Boulos Company
Portland, ME
CEI-Boulos Capital Management
Brunswick, ME

Charlie Spies

Managing Director

CEI-Boulos Capital Management
Brunswick, ME
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