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 approximately $6 billion in real estate assets that Carroll owns or currently have under development without outside equity or partners.
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
