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 $4 billion in real estate assets that Carroll owns or currently have under development without outside equity or partners.

History Company Milestones

1983

The Carroll 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, R.E. Carroll Management

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, & 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

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.