Rich Kelly

Rich Kelly has more than forty years' experience in real estate finance, accounting and asset management. As a principal of LUMA and its affiliates, he is primarily involved with asset management of the LumaCorp portfolio, as well as directing the financial and tax reporting. He has placed over $1 billion of debt and equity during his career in real estate. Prior to joining LumaCorp in 1989, Mr. Kelly was Executive Vice President of a Dallas based real estate firm which specialized in restructuring and reorganizing distressed properties and real estate partnerships. From 1981 through 1982, Mr. Kelly was the Chief Financial Officer for a Honolulu based syndicator and developer which was General Partner in approximately 35 partnerships owning some 40 multi-family properties, with over 6,000 units under management. Mr. Kelly is a Certified Public Accountant and has been a licensed real estate broker in Texas since 1984. He is an involved member of the community, primarily in affordable housing issues. Mr. Kelly has been a volunteer for the Dallas affiliate of Habitat for Humanity since 1994 and is past-president of the Board of their CHDO affiliate. He was a member of the Board of Directors during 1995-1997 and twice received Volunteer of the Year as well as Lifetime Achievement Awards. He served on the Board of TR Hoover Community Development Corporation, a South Dallas CHDO, from 1998-2001. He is also heavily involved in his church, currently serving on the Diocesan Pastoral Council for the Catholic Diocese of Dallas, and having been a member of the Finance Council of Christ the King Catholic Church from 1995-1998.