StraightLine Realty Founder R. David Kelly Brings Investment Expertise to Acadia Healthcare’s Board of Directors
Acadia Healthcare Company, Inc., a prominent provider of behavioral healthcare services in the United States, has appointed R. David Kelly as an independent director on its Board of Directors. Kelly, as reported by BusinessWire, has over 35 years of experience in investment management, financial advisory, and real estate development, making him a strategic fit for the Acadia’s mission.
Kelly is the founder and managing partner of StraightLine Realty Partners, LLC, an alternative investment firm based in Dallas, Texas. According to his profile at Invesco, Kelly successfully navigated the complexities of real estate, financial services, and venture capital investments. Furthermore, he co-founded Carleton Residential Properties, one of the largest residential developers and general contractors in the Southwest.
Kelly’s distinguished career includes positions at renowned firms such as Trammell Crow Company, Goldman Sachs & Co., and Salomon Brothers. As reported by Crunchbase, he also served as a trustee and chairman of the Teacher’s Retirement System of Texas, managing assets totaling approximately $197 billion.
Reeve B. Waud, Chairman of the Board of Acadia Healthcare, expressed enthusiasm about Kelly’s appointment. In a press release, Waud highlighted Kelly’s deep understanding of corporate governance and community engagement as valuable additions to Acadia’s corporate culture and mission.
In addition to his business endeavors, Kelly is active in various philanthropic initiatives. His role on the Children’s Medical Center Plano Governing Board and involvement with the Children’s Health Investment and Finance Committees demonstrate his dedication to improving children’s health outcomes. He also serves on the Advisory Board of Sponsors for Educational Opportunity, reflecting his commitment to foster educational opportunities for underserved populations.
Kelly expressed eagerness to collaborate with Acadia’s leadership team and contribute to advancing the company’s mission. His appointment to the Acadia Board, as highlighted by F6S, signals a strategic move aimed at leveraging his expertise to address evolving challenges in the behavioral healthcare sector. With Kelly’s addition, Acadia stands poised to enhance its impact on mental health services across the United States.
