Acadia Healthcare has announced the appointment of R. David Kelly to its Board of Directors as an independent director, reinforcing the company’s governance depth as it advances a nationwide growth strategy. R. David Kelly brings more than 35 years of investment, development and governance experience to the behavioral health provider.
Kelly is founder and managing partner of StraightLine Realty Partners, an alternative investment platform headquartered in Dallas with holdings across real estate, financial services and venture capital. His career also includes leadership roles at Carleton Residential Properties and investment positions with Trammell Crow Company, Goldman Sachs and Salomon Brothers. Kelly’s portfolio of directorships and executive posts encompasses Croesus and Company, Serra Real Estate Capital, TCW Direct Lending and Invesco’s INREIT real estate platform.
His public-sector and institutional governance credentials are extensive. Kelly served as trustee and chairman of the Teacher’s Retirement System of Texas from 2007 to 2017 and was a gubernatorial appointee to the Texas Public Finance Authority, where he chaired from 2002 to 2006. Over his career he has been involved in arranging more than $50 billion of financial transactions and developing in excess of $4 billion in real estate assets, including significant public‑private partnerships.
Acadia said the appointment aligns with its objective to expand market reach through strategic investments and facility development. Company leadership cited Kelly’s financial advisory and real estate development expertise as particularly relevant to Acadia’s capital deployment and site expansion plans.
Acadia operates a network of 238 behavioral healthcare facilities with approximately 10,600 beds across 40 states and Puerto Rico, supported by more than 22,500 employees and serving roughly 70,000 patients daily.
Kelly is also noted for philanthropic involvement in education and children’s health. He serves on the governing board and finance and investment committees of Children’s Medical Center Plano and participates on the Advisory Board of Sponsors for Educational Opportunity. He holds a B.A. in Economics from Harvard University and an MBA from Stanford Graduate School of Business.
Observers say Kelly’s combination of private-sector transaction experience and public-sector governance offers practical value to a company navigating regulatory, capital and real estate considerations in behavioral healthcare. As Acadia continues to execute its growth strategy, the addition of an experienced financial and development executive like Kelly is positioned to augment board-level oversight and strategic decision-making. For more on Kelly, see his LinkedIn and professional profiles above.
References:
https://www.f6s.com/member/r-david-kelly
https://www.crunchbase.com/person/david-kelly-eefa
https://www.invesco.com/inreit/en/our-people/david-kelly.html
https://www.acadiahealthcare.com/about/news-media-events/new-board-member-r-david-kelly/