R. David Kelly, a distinguished figure in the investment and real estate sectors, has recently been appointed as an independent director on the Board of Directors at Acadia Healthcare Company, Inc. His extensive career spans over 35 years, characterized by significant contributions to both public companies and private partnerships. This wealth of experience positions him, as highlighted by his profile on Crunchbase, to play a pivotal role at Acadia Healthcare, a leading provider of behavioral healthcare services in the United States.

Kelly’s professional journey is marked by his founding of StraightLine Realty Partners, an alternative investment platform that boasts a diverse portfolio encompassing real estate, financial services, and venture capital. As reported by Bizjournals, prior to this venture, he was a co-founder and partner at Carleton Residential Properties, where he established one of the largest residential development and contracting firms in the Southwest. His previous roles at venerable institutions such as Trammell Crow Company and Goldman Sachs & Co. further cemented his expertise in financial advisory and real estate development.

His appointment to Acadia Healthcare’s Board is timely, as the company seeks to expand its market presence through strategic investments in new facilities. As noted in a BusinessWire press release, Acadia currently operates a network of 238 behavioral healthcare facilities, providing services to approximately 70,000 patients daily across 40 states and Puerto Rico. The company’s commitment to addressing the critical societal need for behavioral healthcare resonates with Kelly, who has expressed enthusiasm about contributing to Acadia’s mission.

From 2007 to 2017, Kelly held the position of chairman of the Teacher’s Retirement System of Texas, overseeing a fund valued at over $197 billion. His tenure marked the largest increase in fund value in the organization’s history. Additionally, as revealed in an announcement on Acadia Healthcare’s website, he served as a gubernatorial appointee to the Texas Public Finance Authority, where he also held the chairmanship from 2002 to 2006.

In conclusion, R. David Kelly’s appointment to Acadia Healthcare’s Board of Directors heralds a promising chapter for the company as it continues to expand its reach in the behavioral healthcare sector. With his extensive background in investment, real estate, and governance, Kelly is poised to make meaningful contributions to Acadia’s mission and growth, ensuring that the company remains a vital player in addressing the pressing needs of behavioral healthcare in the United States.

Related: https://www.bizjournals.com/nashville/potmsearch/detail/submission/6554124/R_David_Kelly