Our Team

Spencer Clements founded the firm in 1996 and named it after his two sons.  Prior to forming William Cole, Spencer worked at the boutique consulting firm of Kenneth Leventhal & Company and also as Director of Project Finance at Golf Services Group in Houston, Texas. His background encompasses significant troubled-asset experience (analysis, acquisition and turn around), plus long-range business planning, financial and legal structuring, site selection, project feasibility, design, development and management. Spencer typically leads the due diligence activities and establishes the core development team that coordinates the financial and operational plans for the firm’s projects.


Spencer holds an MBA in Entrepreneurship and Finance from Rice University, where he was the Dean’s Award recipient and was named a Jones Scholar. He holds a BS in Petroleum Engineering from Texas A&M University, where he was a President’s Endowed Scholar and was admitted into two national engineering honorary societies. Spencer currently serves as the Chairman of the Board for Experience Bryan College Station, the local Convention and Visitors Bureau.

Chief Financial Officer

As CFO of William Cole since 2000, David  coordinates new project formation and the analysis, acquisition and development of complex real estate assets. Responsible for the financial and administrative management of William Cole's portfolio of companies, David works closely with on-site employees, ownership, counsel and outside advisors to coordinate the daily accounting, financial controls and ongoing operations of each entity.


David’s experience encompasses international project finance, real estate, retail, hospitality and accounting, including several years as an auditor with Arthur Andersen.


David holds BBA degrees in both Finance and Accounting from Texas A&M University and has been a CPA in the state of Texas since 1989.

Vice President, Residential

Justin Shulse has been a member of the William Cole team since 2006.  Justin is responsible for leading our Residential Development and Asset Management activities in our single family communities. He also heads up our outdoor amenities and events for our mixed use projects focusing on hospitality and unique community experiences.


A native Texan, Justin moved to Bryan/College Station in 2016 after nearly 20 years in the Greater Houston area. While at New Mexico State University, Justin earned a Bachelor of Science in Agriculture specializing in Turfgrass & Soil Science. Upon graduation, he proceeded to work in the fast-paced, upscale environment of golf course construction, golf course openings and senior management of high-end clubs and courses. Justin has served a long stint on the board of directors for South Texas Golf Course Superintendents Association where he held the position of President and became the delegate on the national level. 

Manager, Capital Markets

Phil grew up north of the border in London, Ontario, Canada. He came to Texas to play baseball for The Aggies where he was a part of the 2008 Big 12 Championship team. Phil graduated from the Mays Business School in 2009. 


In 2012, he started PAD Homes, a residential home building company. In 2014, he started a land development and residential home building company called REME Homes, specializing in urban developments in Houston and Bryan/College Station. In 2016, he co-founded RRG Consulting Inc, a business solutions company targeting organizational conflict in the workplace. 


At William Cole, Phil relies upon his experience in complex financial structuring, strategy development and strategic partnerships to lead the firm’s efforts in accessing the capital markets for both residential and commercial projects.

William Cole Companies

4250 S. Traditions Drive

Bryan, Texas 77807

T: (281) 580-2085