Our Story

Roy E. Carroll, Sr., and Roy E. Carroll II formed R. E. Carroll Construction, Inc., in the early 1980s. The Carrolls were equal partners and were committed to building quality custom homes that gave the customers value for their money. The company quickly took off, eventually diversifying into the strong organization it is today. With over three decades of real estate development, The Carroll Companies now have over $5.2 billion in real estate assets that Carroll owns or currently have under development without outside equity or partners.

History Company Milestones

1983

The Carrolls formed a custom home construction business building on scattered lots

1989

Developed first single-family lot community

1991

Roy Carroll II purchases all shares from Roy Carroll Sr and assumed the title of Company President

1995

Created Carroll Investment Properties for commercial land and property development

1996

First multifamily project completed, located in Greensboro, NC

1999

Created multifamily management company, Ari Apartment Management Company

First garden-style apartment community completed, located in Greensboro, NC

2002

Formed CIP Construction Company to oversee multifamily and commercial development

2005

Completed 1,000th single family home

2007

Started $66 million repurposing of a 16-story Wachovia Building in downtown Greensboro. It will be reopened as Center Pointe, featuring luxury condominiums, the TCC corporate offices, and retail

2009

Began construction on first multifamily communities in Tennessee

2011

Began construction on first multifamily communities in Texas

2013

Broke ground on the first Bee Safe Storage, a concept developed by Carroll, in Greensboro NC

2014

Completed 10,000th apartment unit

2018

Assembled and entitled Publix Regional Distribution site creating over 2,000 jobs and $400 million investment

2019

Opened the Hyatt Place Greensboro Downtown, the first hotel in Carroll’s hospitality portfolio

2019

Formed Carroll Industrial Development U.S. to operate 3 regional industrial parks

2020

Began construction of Ontex Group’s eastern US manufacturing facility in Carroll’s Rockingham Business Park creating over 400 jobs

2020

Carroll expands self-storage portfolio into Bozeman, MT with the purchase of Lazy J storage

2021

The Carroll Companies announces the launch of Carroll Hospitality, the newest addition to their family of companies. Carroll Hospitality will be a hotel management company which will oversee the day-to-day operations of the Carroll-owned Hyatt Place Greensboro Downtown.

2022

Bee Safe sponsors the No. 74 Ferrari 488 GTE Pro Evo team and finishes top 5 at the 24 Hours of Le Mans in France.

2022

Closes on first Florida Bee Safe site

2022

Starts push into Denver, CO

2023

Carroll breaks ground on the construction of Carroll at Parkside, a development that will feature 20,000 SF of retail and commercial space, a 161-room, 8 story AC Hotel with rooftop bar and pool as well as 348 luxury apartment homes

2023

Greensboro Goes to Le Mans is released, a feature-length documentary about Carroll and his journey as team owner of Bee Safe racing, which competes at the legendary 24 Hours of Le Mans