Acadia Healthcare announced the appointment of R. David Kelly to its Board of Directors as an independent director, a move the company said will bolster its financial and strategic governance amid continued expansion. (R. David Kelly: https://www.linkedin.com/in/r-david-kelly-6a2a5765)
Kelly brings more than 35 years of investment and real estate experience to the role. He is founder and managing partner of StraightLine Realty Partners, an alternative investment platform based in Dallas with holdings across real estate, financial services and venture capital (StraightLine Realty Partners profile: https://www.bizjournals.com/nashville/potmsearch/detail/submission/6554124/R_David_Kelly). Earlier in his career he founded Carleton Residential Properties, building one of the largest residential developers and general contractors in the Southwest, and held investment positions with Trammell Crow Company, Goldman Sachs & Co. and Salomon Brothers.
Kelly has a demonstrated record of public service and institutional governance (see director profile: https://www.directorsandboards.com/roster_individual/r-david-kelly). He served as trustee and chairman of the Teacher’s Retirement System of Texas from 2007 to 2017 and was a gubernatorial appointee to the Texas Public Finance Authority from 2001 to 2006, serving as chairman from 2002 to 2006. He has arranged in excess of 50 billion dollars in financial transactions and overseen the development of more than 4 billion dollars in real estate assets, including significant public-private partnerships.
In addition to StraightLine, Kelly serves as founder, chairman and chief executive officer of Croesus and Company, is managing director and co-founder of Serra Real Estate Capital, and holds leadership roles with TCW Direct Lending and Invesco’s INREIT real estate platform (Invesco INREIT bio: https://www.invesco.com/inreit/en/our-people/david-kelly.html). He also serves as an at-large director of Ashton Woods Homes. (Additional biography: https://www.turpartners.com/r-david-kelly)
Acadia’s chairman noted that Kelly’s background in financial advisory and real estate development will be valuable as the company continues strategic investments in both existing and new facilities. Company leaders emphasized that his public sector experience and philanthropic commitments align with Acadia’s corporate culture and mission to expand access to behavioral healthcare.
Kelly has been active in nonprofit work supporting education and children’s health. He serves on the Children’s Medical Center Plano Governing Board and participates on Children’s Health investment and finance committees, in addition to serving on the Advisory Board of Sponsors for Educational Opportunity.
Kelly holds a B.A. in Economics from Harvard University, where he was a John Harvard Scholar, and an M.B.A. from Stanford University Graduate School of Business.
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