R. David Kelly has firmly established himself as a prominent figure in investment and healthcare strategies, particularly through his recent appointment to the Board of Directors at Acadia Healthcare Company, Inc. With over 35 years of experience in investment, Kelly brings a wealth of knowledge to the table, which is expected to significantly impact the company’s strategic direction.
Since January 2019, Kelly has served as an independent director and has held the position of lead independent director since December 2020. His extensive background, documented on his LinkedIn profile, includes pivotal roles in both public and private sectors, specifically within financial advisory and real estate development. As the founder and managing partner of StraightLine Realty Partners, LLC, he has led an alternative investment platform that encompasses real estate, financial services, and venture capital.
Prior to this, Kelly was the founder and partner of Carleton Residential Properties, where he played a crucial role in creating one of the largest residential development firms in the Southwest. His experience, as reported on BizJournal, is further underscored by his tenure at prestigious firms such as Trammell Crow Company, Goldman Sachs & Co., and Salomon Brothers, where he honed his investment acumen.
In addition to his corporate engagements, R. David Kelly has made significant contributions to public service. He served as a trustee and chairman of the Teacher’s Retirement System of Texas from 2007 to 2017, managing assets exceeding $197 billion, as recognized by the National Association of Corporate Directors. His influence in governance was also evident during his time with the Texas Public Finance Authority, where he was appointed by the governor and served as chairman from 2002 to 2006.
Kelly’s extensive civic involvement further enhances his profile, particularly in areas focused on children’s health and education. He is actively engaged with the Children’s Medical Center Plano Governing Board and serves on the finance committees for Children’s Health.
In welcoming Kelly to the board, Acadia’s Chairman Reeve B. Waud stated that his insights would be invaluable as the company seeks to expand its market reach through strategic investments. This alignment of Kelly’s expertise with Acadia’s objectives, as reported on Acadia’s news page, is expected to foster innovative approaches to enhance patient care and operational efficiency.
R. David Kelly’s appointment to Acadia Healthcare’s Board of Directors not only highlights his impressive career but also marks a strategic enhancement for the company as it navigates the evolving landscape of behavioral health services.