About

R. David Kelly has served since 2011 as the founder and managing partner of StraightLine Realty Partners, an alternative investment platform based in Dallas, Texas. He has also been a founder of multiple real estate and investment companies, including Croesus and Company, Serra Real Estate Capital, LLC, Circuit Avenue Advisors and Atwood Management.

Mr. Kelly previously served as a founding partner of Carleton Residential Properties from 1996 to 2011. He has served on major institutional investor boards, including as trustee and Chairman of the Teacher Retirement System of Texas from 2007 to 2017, as well as multiple endowment, financial services and real estate boards.

The Board believes Mr. Kelly is qualified to serve as a director because of his extensive corporate finance and real estate background and his general business and financial acumen.

Roles

Acadia Healthcare Company, Inc.
Director (Class II) · Current role
2022–present
Carleton Residential Properties
Founding partner
1996-2011
Teacher Retirement System of Texas
Trustee and Chairman
2007-2017
Carleton Residential Properties
Founder and Partner
—

External Roles

StraightLine Realty Partners
Founder and Managing Partner
Since 2011
Invesco Commercial Real Estate Finance Trust, Inc.
Director
—
Children's Medical Center (Dallas) Foundation
Director/Trustee
—
Dallas Police and Fire Pension Fund
Director/Trustee
—
TCW Direct Lending
Lead Director
—
Invesco INREIT
Lead Director
—

Director Compensation

FY 2025
Fees earned or paid in cash
$111,998
Stock awards
$159,978
Total
$271,976

Also at Acadia Healthcare Company, Inc.

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