About Spencer Burton
Spencer Burton is the Co-Founder and CEO of CRE Agents, a Vertical AI Agentic Platform changing how work gets done in commercial real estate. With over 20 years of experience as a fiduciary, principal, and founder in real estate, he is a recognized expert in applying AI to CRE. His mission at CRE Agents is to give people back life’s most precious asset—time. By pushing repetitive tasks to AI-driven “digital coworkers”, CRE Agents empowers professionals to focus on high-impact work, driving better returns and more fulfilling careers.
Prior to CRE Agents, Spencer served as President and founding team member of Stablewood, a multi-strategy institutional real estate investor leveraging AI, machine learning, and data analytics. At Stablewood, he co-developed an AI-enabled digital coworker that underwrote and created investment memos for 50,000+ CRE transactions, equating to four years of work for 20 full-time analysts.
Spencer is also the co-creator of Adventures in CRE (A.CRE), the industry’s leading platform for financial modeling, education, AI learning, and career development. Through A.CRE, he’s trained thousands of professionals at some of the world’s top companies and universities.
Spencer has built a reputation as an innovator and thought leader in CRE. He has held senior roles at top institutional firms, helped launch two successful startups, and deployed automation across brokerage, development, acquisitions, debt production, and management.
Spencer holds a Bachelor’s in International Affairs with an emphasis in economics from Florida State University and a Master’s in Real Estate with a concentration in finance from Cornell University.
Entries by Spencer Burton
An AI Skill for Our (Original) Apartment Acquisition Model
I’ve been working on a project to make our library of Excel models AI-ready. The idea is straightforward — pair every A.CRE Excel model with an AI Skill, a packaged set of instructions and reference files that teaches an AI assistant how to operate that specific model on your behalf. The Apartment Acquisition Model is […]
Multifamily (Apartment) Acquisition Model (Updated May 2026)
Our library of real estate Excel models has a variety of decent apartment models, including our All-in-One model and our Apartment Development Model – both robust models in their own right. However, if you’re looking for a straight multifamily (apartment) acquisition model, and don’t want all of the unnecessary components of the All-in-One (ie. office, […]
An AI Skill for the A.CRE Ground Lease Valuation Model
I’ve been working on a project to make our library of Excel models AI-ready. The idea is straightforward – pair every A.CRE Excel model with an AI Skill for CRE, a packaged set of instructions and reference files that teaches an AI assistant how to operate that specific real estate model on your behalf. The […]
Ground Lease Valuation Model (Updated May 2026)
The topic of ground leases has come up several times in the past few weeks. Numerous A.CRE readers have emailed to ask for a purpose-built Ground Lease Valuation Model. And I’m in the process of creating an Advanced Concepts Module for our real estate financial modeling Accelerator program covering the mechanics of modeling ground leases. […]
Workshop #4: Give AI the CRE Intelligence It Needs
On a recent live follow-up workshop, we took the Multiplier Framework out of theory and into one of the most important (and most unsolved) problems in CRE AI: data. Your AI is only as good as what you give it. Without access to real data, it sounds confident, produces something that looks professional, and is […]
Setting Up Your First OpenClaw for Commercial Real Estate Professionals
Back in 2022, when most of the commercial real estate industry had never heard of ChatGPT, we started writing about it. Since then, we’ve published hundreds of pieces of AI content and built AI.Edge, the largest community of CRE professionals leaning into AI. At the time, it felt early and experimental, and it was not […]
Episode 4 of Multipliers: AI Crossed the Threshold
AI is not replacing expertise. It is revealing who has it. The professionals who have spent years building real judgment, real methodology, and real domain knowledge are discovering something unexpected: AI does not compete with them. It amplifies them. The ones who have been going through the motions are discovering something else entirely. In this […]
The Multiplier Framework Workshop #3: AI Skills
On a recent live follow-up workshop, we took the Multiplier Framework out of “high level theory” and applied it to one of the most important (and most overlooked) concepts in AI productivity: skills. Every CRE professional has methodology they have developed over years of real deals, and right now most of that knowledge lives only […]
How I Built a Real Estate DCF Web App with AI in Five Minutes (Updated March 2026)
Over the past year, we’ve been experimenting heavily with (and successfully using) AI coding tools to push the boundaries of what’s possible in commercial real estate. We’ve used v0 to quickly scope frontend designs, and we’ve spun up various web apps using tools like Replit, Bolt.new, Lovable, and Cursor to support everything from content creation […]
AI Crossed a Threshold. Let Us Help You Prepare.
I’m sitting in warm Miami, looking out over Biscayne Bay. Super yachts glide past fishing boats. A soft drizzle is settling over the water, and still the steady stream of vessels continues. The sun most certainly will be back out soon and these low clouds will be long gone. The scene is unnervingly… peaceful. This […]
Episode 2 of Multipliers – Cuby: Building More With Less (Plus Sourcing Construction Materials)
The housing problem is not a mystery. It is a math problem. Not enough homes. Not enough skilled labor to build them. Not enough affordable construction materials to make deals pencil. And yet, very few people are attacking the root of the problem. In this episode of the Multipliers podcast, we’re joined by Aleks Gampel, […]
Student Housing Acquisition Model (Updated Feb 2026)
I’ve spent a fair amount of my career analyzing privately-owned student housing investments. Nevertheless, I’ve yet to share a purpose-built, institutional-quality student housing acquisition model. So, I thought I’d take some time and build a model for this very purpose. To do this, I took my Value-Add Apartment Acquisition model, which has been used by […]
Commercial Real Estate Lease Analysis Tool (Updated Feb 2026)
The topic of analyzing commercial real estate leases from the perspective of the landlord and/or tenant has come up several times over the years. And while I generally respond to requests for new models or tools at A.CRE, I’ve been hesitant to build this particular tool. The reason is that my experience is heavily landlord […]
Introducing Multipliers: An A.CRE Podcast + Episode 1: Mario Kart Speed Boosts
Some people compound. Others stall. Same hours. Same markets. Same access to information. Very different outcomes. For years, I’ve been quietly fascinated by that gap. At A.CRE, we’ve spent more than a decade helping people build technical skills that help them grow their career in CRE. To that end, over the years, we’ve built the […]
