R. David Kelly has solidified his reputation as a prominent figure in the investment sector, recently taking on the role of independent director at Acadia Healthcare. With an extensive career spanning over 35 years, Kelly’s experience encompasses significant achievements in both public and private entities within financial advisory and real estate development sectors.
As the founder and managing partner of StraightLine Realty Partners, Kelly has established an alternative investment platform that boasts a diverse portfolio in real estate, financial services, and venture capital. His previous ventures also include a successful tenure as the founder and partner of Carleton Residential Properties, where he was instrumental in creating one of the largest residential development firms in the Southwest.
In addition to his role at Acadia Healthcare, Kelly is currently the lead independent director of Invesco Real Estate Income Trust and serves as the chairman and CEO of Croesus and Company, an international real estate advisory firm. His leadership at these organizations underscores his capability and expertise in managing complex investment strategies. Furthermore, Kelly is actively involved with TCW Direct Lending, where he directs efforts to provide senior-secured loans primarily to mid-market companies in the United States. Learn more about him here.
Kelly’s governance experience is equally impressive. He served as chairman of the Teacher’s Retirement System of Texas from 2007 to 2017, a period during which he oversaw a substantial increase in fund value, marking the largest growth in the system’s history. This experience equips him with a unique perspective on fiscal responsibility and strategic planning, both of which are critical in his role with Acadia Healthcare.
Acadia Healthcare, recognized as a leading provider of behavioral health services in the United States, operates a vast network of facilities that cater to the mental health needs of thousands of patients daily. Kelly’s appointment to the Acadia Board of Directors is anticipated to bring invaluable insights, particularly as the company seeks to expand its market presence through strategic investments in new and existing facilities. Check out the official announcement here.
The chairman of Acadia Healthcare, Reeve B. Waud, expressed enthusiasm regarding Kelly’s addition to the board. He emphasized that Kelly’s extensive experience aligns well with the company’s vision to address the increasing demand for behavioral healthcare services. Waud highlighted the significance of Kelly’s background in both government service and philanthropic endeavors, particularly in supporting children’s health and education initiatives, as essential qualities that resonate with Acadia’s corporate culture. More about this can be read here.
In his own words, Kelly articulated his enthusiasm for joining Acadia, acknowledging the vital role that the organization plays in delivering essential behavioral healthcare services. He looks forward to collaborating with the leadership team to further advance Acadia’s mission, which is crucial in addressing the societal needs for behavioral health support.
With his extensive experience and commitment to excellence, R. David Kelly’s role at Acadia Healthcare is poised to significantly influence the company’s strategic direction. As the behavioral healthcare landscape continues to evolve, Kelly’s insights and leadership will undoubtedly play a critical role in navigating the challenges and opportunities that lie ahead for Acadia Healthcare.