Category: Team Recognition

Hank Kelley, guest lecturer at UALR College of Business

Hank Kelley, Jr.

On Monday evening, Hank Kelley was invited by instructor Elizabeth Small to lecture her UALR College of Business Finance 4371 class. This senior-level class teaches elements of mortgage financing for housing and investment property; sources of funds; application and approval; real estate investment analysis; effects of financing and income taxation upon investment returns and is part of the college’s real estate program.

Kelley discussed the types of mapping and demographic information Flake & Kelley provides clients. National retailers rely heavily on location, traffic counts, other retailers, and competition, as well as demographics before deciding on a site. He also covered current trends in the commercial real estate market. He noted the increased interest from investors in multi-family properties. An investment group out of Cinncinati recently purchased the 84-unit Barrister Court apartments. Retailers, on the other hand, are figuring out how to do more with less. Kelley commented that Little Rock’s newest national retailer, Trader Joe’s, prefers keeping shelves stocked rather than leasing more space for storing goods. The Little Rock Port was recently in the news because the Michigan-based company, HMS Manufacturing, chose a 550,000 SF industrial space in the port to open its fourth manufacturing facility.

On the subject of investing in real estate, Kelley shared advice his father, who was also in the real estate business, shared with him, “Every piece of property you own owns a piece of you.”

Hank’s executive assistant and current student at the College of Business, Tara Mitchell, was invited to sit in on the lecture.

“I was so excited when Professor Small gave me permission to sit in on this class. It’s great to watch Hank share his knowledge with the next generation, and I am grateful for the opportunity to learn from such a successful person on a daily basis,” said Tara Mitchell.

Nicholas Kelley Joins LGLR Class XXXV

LGLR Class XXXV Announcement

We are pleased to announce Nicholas (“Nick”) Kelley has been selected to participate in Class XXXV of the Little Rock Chamber’s Leadership Greater Little Rock program.

“I’m honored to be part of the Chamber’s leadership program and look forward to the experience, camaraderie, and commitment,” said Nick Kelley.

This is the third consecutive year Flake & Kelley has had an associate accepted into the Leadership program and Kelley is the eighth associate of the firm to participate. Former alums include Jim Dailey (Class I), Hank Kelley (Class V), Daryl Peeples (Class VI), Bill Pendergist (Class XXIX), Drew Laning (Class XXXIII), Jessica Kokinos (Class XXXIII), and Cynthia Lu (Class XXXIV).

As an attorney specializing in real estate, Nick’s expertise brings a high level of real estate services to the firm. Prior to joining Flake & Kelley Commercial in 2017, Kelley served as a real estate associate with McGuireWoods in Atlanta, Ga. He also was a commercial real estate associate for Quattlebam, Grooms, Tull, & Burrow of Little Rock, Ark. He has represented real estate developers, Fortune 500 retailers, lenders, borrowers, and other clients on complex commercial transactions. In addition to his roles as executive vice president and partner at Flake & Kelley Commercial, Kelley serves as a member of the Central Arkansas Executives Association (CAEA) and Children’s Hospital Committee for the Future.

We congratulate all of the Leadership Greater Little Rock Class XXXV, presented yesterday in the Great Hall of the William J. Clinton Presidential Center.

“It’s an incredible program where participants not only learn to maximize their leadership potential but how to put it into action in the community,” said Hank Kelley.

The announcement was followed by a reception sponsored by Simmons Bank.

Opportunity zone task force named; 20 people are selected by Little Rock mayor

by Rachel Herzog | August 10, 2019 at 2:26 a.m.

Little Rock Mayor Frank Scott Jr. has named 20 people to serve on a task force that will work on helping the city to leverage its opportunity zones.

The team of developers, bankers and civic leaders will study how the city can attract investors to the federally designated economically distressed census tracts in Little Rock where new investments can be eligible for preferential tax treatment, a federal initiative that came with the Tax Cuts and Jobs Act of 2017.

Arkansas Opportunity Zone Selection (2018.4.20 update)

At a panel discussion that hosted officials from Washington, D.C., on Monday, Scott said encouraging investment in opportunity zones is one way to revitalize disadvantaged areas.

The task force will be chaired by Will Rockefeller of the Winrock Group. Martie North Hamilton, director of community development at Simmons Bank, will serve as a co-chair, according to a news release from the city.

The committee also includes:

• Regina Favors, interim president of Arkansas Baptist College

• Lisa Ferrell, developer

• Merritt Dake, CEO of Rock Dental Brands

• Virgil Miller, banker at Arvest Bank

• Angel Burt, vice president of the Dunbar Historic Neighborhood Association

• Kevin Huchingson, CEO of Colliers International, Arkansas office

• Shawn Govind, director of real estate development for the Pinnacle Hotel Group

• Leslie Lane, president of Arkansas Capital Corporation Group

• Ivan Hudson, insurance agent

• Tristan Wilkerson, managing principal at Think Rubix LLC

Lee Hastings IV, agent with Flake and Kelley Commercial

• Chris Moses, developer

• Jill Floyd, member of the Little Rock Municipal Airport Commission

• Richard Mays, anonymous lawyer

• Nathan Rutledge, senior management director of Crews & Associates

• Ted Dickey, investment fund founder

• Patrick Schueck, vice president of Lexicon Inc.

• Pam Courtney, developer

Serving Little Rock Right

Hank Kelley

Todd Traub, “Serving Little Rock Right” Soireé, 27 June 2019

photography by Jason Masters


Whether helping to lead the commercial real estate company that partially bears his name or presiding in his new role as Rotary Club of Little Rock president, Hank Kelley is a developer.

Kelley is CEO, partner and executive broker with commercial real estate firm Flake and Kelley Commercial. In the roles of appraiser, manager, broker, developer and investor, Kelley has through the years helped clients achieve their real estate goals, putting new tenants and new life into properties around Arkansas.

“I get to deal with usually a very intelligent group of investors and users of real estate,” Kelley says during a break from work at Flake and Kelley’s downtown Little Rock headquarters.

Kelley still performs multiple functions for the firm, except appraisals, and in his position he can’t help but be pro-Little Rock.

“I’ve worked in downtown all my life, so I like being connected to a Rotary Club that’s connected to all of Little Rock, but rooted in downtown.”

Kelley wants to find ways to help the club assist new Mayor Frank Scott Jr., and by extension the city, especially when it comes to Scott’s emphasis on developing city pride.

“We want to help him with the swagger part,” Kelley says.

Kelley has always been an unabashed “cheerleader” for Little Rock, but has accomplished more tangible things in his day job. He also brings concrete ideas to his new role as Rotary president, which includes partnering with Dunbar Magnet Middle School on its Interact Club, a sort of mini-rotary organization with elected student officers and a service project in the works.

A year in the making, the Dunbar project offers mentorship and a chance to positively shape the outlook of young people and show them career options, all before they enter high school.

In short, Kelley says, the project is in the “bullseye” of what Rotary is about.

“The signature project and our connection to Dunbar is going to be a big part of what I want to drive this year,” he says.


Service Above Self

Rotary International is a service organization founded with the purpose of bringing together business and professional leaders to provide humanitarian service and promote peaceful causes worldwide.

The organization was founded in Chicago in 1905 by lawyer Paul Harris and three friends looking to recreate the collegial spirit they had enjoyed in their hometowns. With the motto “Service above self,” Rotary expanded into more than 200 countries or territories, tackling causes like fighting disease — especially polio — promoting education, growing local economies and providing clean water.

In 1913, Memphis transplant Sid Brooks, an advertising executive, formed the Little Rock chapter — known as “Rotary 99” for its charter number within the club — with four other acquaintances who were also professional men with a downtown presence.

From the outset, Rotary 99, like the parent organization, has courted the community’s movers and shakers for membership. The goal has never been networking or promoting one’s business, Kelley says, though the business connections are certainly helpful.

“The primary purpose of Rotary is not to see how many gross sales I can get out of the membership,” he says. “But if my business grows because of Rotary that’s a good thing.”

According to Kelley, the true value of a diverse range of professions represented is that it increases the capacity and ability to get things done.

Kelley points to the Dunbar project as an example. A businessman may have a concept for helping schools, but Rotary allows that person to network with educational administrators whose knowledge of schools can make the concept a reality.

“I want to help create a person-to-person forum — an oasis of connections, friends — but there for a purpose.”


Raised on Rotary

One of Kelley’s earliest memories of Rotary includes pancakes.

Kelley grew up in Heber Springs and his father, Henry Kelley Sr., 93, was active in the local chapter. The Heber Rotarians were known for their pancake breakfasts and, of course, their service to the community.

“The thing that I remember is they were involved with our school,” Kelley says.

He graduated from the University of Arkansas and in the late 1970s worked in the northwest Arkansas real estate market. While there, Kelley met Stephanie Dailey, sister to former Little Rock Mayor Jim Dailey, and the two were married in 1979.

The Kelleys relocated to central Arkansas and Hank plunged into the local commercial real estate market in 1980.

The couple have four children, all grown. Their son Nicholas is an attorney who came to work with his father at Flake and Kelley a few years ago, much to the senior Kelley’s delight.

“I guess you can call me pretty family oriented,” he says.

Little Rock in the 1980s was a good place, with a well-defined real estate market, in which to advance a career, Kelley recalls. As a rising professional influenced by his father and his boyhood experience, Kelley was predisposed to join Rotary along with a handful of other nonprofits.

He first became involved with the west Little Rock chapter, serving as president during the 1996-1997 term, then was invited to join Rotary 99 in the early 2000s, an attractive option given his love for downtown.

Kelley values the organization’s relentless optimism and can-do spirit.

“We look at things from a positive point of view rather than ‘The sky is falling,’” he says.

In these days of social media sniping among strangers, Rotary offers, to Kelley and the 350-plus membership, a place in which people gather in person, discuss, debate and differ without judgements or animosity.

“Rotary is a place where if I’m Catholic, if I’m Protestant, if I’m Jewish, if I’m agnostic, if I’m black, if I’m white, if I’m Spanish, if I’m Indian, if I’m Mexican, I am welcome.”


Process and Plans

Kelley has had some time to develop a vision for his Rotary 99 administration.

Becoming president is a multi-year process which begins with a nominating committee that makes recommendations to the board. The board then takes a nomination to the membership for a vote.

Ideally a Rotarian considered for president has already served in a number of capacities with the club and, preferably, is someone who brings something unique in terms of vocation or personality.

“Maybe it’s a mesh of all those things,” Kelley says.

If selected, the president-elect nominee spends a year observing, learning and becoming familiar with the office. The next year the nominee is simply the president-elect, and the year after that, in June, he or she takes office.

One of a nominee’s most important qualifications is having the time to serve in office. For this, Kelley thanks the people at his firm.

“My partners are supporting me in the time I need to spend to do it right,” he says.

Kelley notes comments by incoming Rotary International President Mark Maloney, an Alabama attorney, who has spoken of keeping the club family friendly, with realistic expectations of what people can contribute and an appreciation for work-life balance.

Today’s Rotarians are not as interested in perfect attendance at meetings as they are in substantial objectives that can be practically achieved.

“That resonates with me because I am fully employed as a CEO of this company,” Kelley says.

As he prepared for his term, Kelley came across the book “Our Towns” by James and Deborah Fallows.

The authors ventured into the smaller towns and communities in the nation’s flyover country, where they observed and picked out 10 1/2 signs of civic success. The list includes having a downtown, being located near a research university, having identifiable community patriots, innovative schools, even a craft brewery or two (item No. 10 1/2).

The list resonated with Kelley, who points out that Little Rock has most of the items on the civic success list. He refers to it, not so much as a blueprint for getting things done, but rather as a mantra that underscores Rotary’s mission with the community.

“I said ‘Bingo. This is what I need to be exposed to.’”

As for the blueprint — his to-do list — Kelley returns to the Dunbar Interact Club and notes the school’s previous efforts to raise funds for Heifer International. Hopefully, Kelley says, more than 100 Rotarians will take part in the Dunbar projects.

He will also support Rotary 99’s ongoing recognition program for police and fire departments, another favorite.

And Kelley will continue to help recruit members and lend his efforts to the things that have always set Rotary apart: outreach programs, the club’s series of interesting speakers at each Tuesday meeting and the Ottenheimer International Youth Program, an exchange program for young professionals.