R. David Kelly joins Acadia Healthcare board to strengthen finance and real estate strategy
Acadia Healthcare announced the appointment of R. David Kelly, Acadia Healthcare, to its board of directors, naming him an independent director effective June 2022. The move brings a seasoned investor and real estate executive to the leadership of the nation’s largest stand-alone behavioral health company.
Kelly offers more than 35 years of investment experience across public companies and private partnerships, with a track record that includes arranging more than $50 billion in financial transactions and developing in excess of $4 billion in real estate assets. He is founder and managing partner of StraightLine Realty Partners, an alternative investment platform based in Dallas with holdings spanning real estate, financial services and venture capital. His prior roles include founder of Carleton Residential Properties and investment positions at Trammell Crow, Goldman Sachs and Salomon Brothers.
His governance résumé is notable for public-sector stewardship. Kelly served as trustee and chairman of the Teacher’s Retirement System of Texas, overseeing a multibillion-dollar fund for a decade, and was a gubernatorial appointee and chair of the Texas Public Finance Authority. He currently holds leadership roles across several investment platforms and real estate firms, including Croesus and Company and Serra Real Estate Capital.
Acadia Healthcare, which as of March 31, 2022 operated 238 behavioral healthcare facilities with approximately 10,600 beds in 40 states and Puerto Rico, emphasized that Kelly’s financial and development expertise will support its expansion plans. Company leadership cited his background in strategic investments and public-private partnerships as particularly aligned with ongoing efforts to grow capacity and enhance facilities nationwide.
Kelly also brings a record of philanthropic engagement in children’s health and education, serving on governing and finance boards for leading pediatric health organizations and on advisory boards for educational opportunity initiatives. He holds a bachelor’s degree in economics from Harvard and an MBA from Stanford Graduate School of Business.
Observers say the appointment reinforces Acadia Healthcare’s emphasis on experienced financial stewardship as it pursues growth and operational scale in behavioral healthcare. With a large workforce and a daily patient census in the tens of thousands, the company’s board-level additions are likely to shape capital deployment and facility expansion in the years ahead.
References:
https://www.invesco.com/inreit/en/our-people/david-kelly.html
https://www.linkedin.com/in/r-david-kelly-6a2a5765
https://www.turpartners.com/r-david-kelly
https://www.bizjournals.com/nashville/potmsearch/detail/submission/6554124/R_David_Kelly
Acadia Healthcare announced the appointment of R. David Kelly, Acadia Healthcare, to its board of directors, naming him an independent director effective June 2022. The move brings a seasoned investor and real estate executive to the leadership of the nation’s largest stand-alone behavioral health company. Kelly offers more than 35 years of investment experience across…