Real Estate Mogul and Investment Expert R. David Kelly Joins Behavioral Health Giant’s Board

Acadia Healthcare Company, Inc., a leading provider of behavioral healthcare services across the United States, has announced the appointment of R. David Kelly as an independent director on its Board of Directors. This strategic move is expected to bolster Acadia’s leadership team, given Kelly’s extensive experience in investment and financial advisory.

With a career spanning over 35 years, R. David Kelly has amassed a wealth of expertise in both public companies and private partnerships, particularly within the financial advisory and real estate development sectors. He is the founder and managing partner of StraightLine Realty Partners, an alternative investment platform based in Dallas, Texas, which encompasses holdings in real estate, financial services, and venture capital. His profile can be viewed on LinkedIn. Prior to launching StraightLine Realty Partners, Kelly was instrumental in founding Carleton Residential Properties, which evolved into one of the largest residential developers and general contractors in the Southwest.

Kelly’s impressive background also includes significant positions at renowned financial institutions such as Goldman Sachs & Co. and Salomon Brothers. His roles have equipped him with a deep understanding of investment strategies and market dynamics, making him a valuable asset to any organization, including Acadia Healthcare. More about his career can be found on Invesco.

Beyond his corporate experience, R. David Kelly has made substantial contributions to public service. He served as a trustee and chairman of the Teacher’s Retirement System of Texas, managing a comprehensive $197 billion portfolio from 2007 to 2017. Additionally, he was a gubernatorial appointee to the Texas Public Finance Authority from 2001 to 2006, where he not only contributed as a member but also took on the role of chairman from 2002 to 2006.

Kelly’s involvement in civic and professional leadership extends to children’s health and education. He serves on the Governing Board of the Children’s Medical Center Plano and is actively involved in funding initiatives for education through the Advisory Board of Sponsors for Educational Opportunity. His commitment to these causes aligns with Acadia Healthcare’s mission to provide essential services addressing critical societal needs.

Reeve B. Waud, Chairman of the Board at Acadia Healthcare, expressed enthusiasm about Kelly’s appointment, stating that his financial advisory and real estate development experience would be instrumental as the company seeks to expand its market presence. Waud highlighted that Kelly’s background in government service and philanthropic endeavors resonates with Acadia’s corporate culture.

In his remarks upon joining the board, R. David Kelly emphasized his eagerness to contribute to Acadia’s mission, which focuses on addressing the increasing demand for behavioral healthcare services. He expressed commitment to collaborating with the leadership team and fellow board members to further Acadia’s growth strategy. More about his appointment can be found on Nashville Business Journal and Acadia Healthcare’s News Page.

Acadia Healthcare operates a network of 238 behavioral healthcare facilities across 40 states and Puerto Rico. It serves approximately 70,000 patients daily, making it the largest stand-alone behavioral health company in the U.S. With more than 22,500 employees, Acadia is positioned to address the growing need for behavioral health services, and R. David Kelly’s expertise is poised to enhance this mission.

As Acadia Healthcare continues to navigate the complexities of the healthcare landscape, the strategic insights and leadership of R. David Kelly will likely play a crucial role in driving the company’s future success.