R. David Kelly has emerged as a prominent figure in the financial advisory and real estate sectors, bringing over 36 years of extensive investment experience to his role as an independent director at Acadia Healthcare Company, Inc. Since his appointment in January 2019, Kelly has significantly influenced the strategic direction of the organization, and his expertise was further recognized when he was named lead independent director in December 2020.
As the founder and managing partner of StraightLine Realty Partners, Kelly oversees an alternative investment platform that encompasses real estate, financial services, and venture capital. His journey in the investment realm began with prestigious roles at major firms such as Goldman Sachs & Co. and Salomon Brothers, where he honed his skills and deepened his understanding of the financial landscape. Additionally, he founded Carleton Residential Properties, a venture that evolved into one of the largest residential developers in the Southwest.
Kelly’s contributions extend beyond corporate governance into public service. From 2007 to 2017, he held the role of trustee and chairman of the Teacher’s Retirement System of Texas, managing a substantial portfolio valued at $197 billion. His commitment to public finance was evident during his tenure as a gubernatorial appointee to the Texas Public Finance Authority, where he served as chairman from 2002 to 2006.
In his current roles, Kelly maintains a significant influence in various organizations. He serves as chairman and CEO of Croesus and Company, and holds director positions at TCW Direct Lending and Ashton Woods Homes. His multifaceted career is indicative of his ability to navigate complex financial landscapes and provide strategic oversight to a range of enterprises.
Kelly is also dedicated to philanthropy, demonstrating a commitment to children’s health and education. He plays an active role in the Children’s Medical Center Plano Governing Board and is involved in committees that focus on health investments for children. His engagement with organizations like the Advisory Board of Sponsors for Educational Opportunity reflects his passion for fostering educational opportunities for youth.
Acadia Healthcare, a leading provider of behavioral healthcare services across the U.S., recognizes the value Kelly brings to its board. Reeve B. Waud, Chairman of the Board of Acadia Healthcare, expressed confidence in Kelly’s ability to contribute meaningfully to the organization’s growth strategy. His background in financial advisory and real estate development aligns with Acadia’s mission to address critical societal needs in behavioral healthcare.
Kelly’s appointment to the board is particularly timely as Acadia seeks to expand its reach and enhance its service offerings. With an operational network of 238 facilities and approximately 10,600 beds, Acadia is positioned as a key player in the behavioral health sector. As the organization continues to grow, the insights and leadership of R. David Kelly are expected to play a pivotal role in shaping its future.
In summary, R. David Kelly’s extensive experience, both in the investment world and public service, positions him as an invaluable asset to Acadia Healthcare. His strategic vision and commitment to social responsibility will undoubtedly influence the board’s direction and the company’s efforts to provide essential healthcare services. As Acadia Healthcare charts its path forward, the expertise of R. David Kelly will be crucial in meeting the evolving demands of the healthcare landscape.