Mr. Kelley is the founder and CEO of Aetos Capital Real Estate, LP (“ACRE”) and has led each of the ACA funds. He has been responsible for making more than 50 investments in Japan, China and Korea totaling more than $10 billion in asset value. ACRE directly and indirectly employs approximately 600 people in Japan and China. Mr. Kelley is a member of the Real Estate Roundtable, McIntire School of Commerce Advisory Board, Pension Real Estate Association, Urban Land Institute and The Executive Committee of Greenprint Foundation, and is a former director of the National Multi-Family Housing Council and the National Association of Real Estate Investment Trusts. Prior to launching the ACRE business in 2001, Mr. Kelley was at Morgan Stanley for 14 years where he was a Managing Director and global head of the real estate investment banking business. He led a number of the most innovative and important real estate transactions globally and was responsible for all international client matters. He was also a member of the Investment Committees for Morgan Stanley Real Estate Fund (MSREF) I, II and III and the Morgan Stanley Real Estate Special Situations Fund. Mr. Kelley received a Bachelor of Science from the McIntire School of Commerce at the University of Virginia and a Masters in Management with Distinction from the J.L. Kellogg Graduate School of Management at Northwestern University.