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
The Carrolls formed a custom home construction business building on scattered lots
Developed first single-family lot community
Roy Carroll II purchases all shares from Roy Carroll Sr and assumed the title of Company President
Created Carroll Investment Properties for commercial land and property development
First multifamily project completed, located in Greensboro, NC
Created multifamily management company, R.E. Carroll Management
First garden-style apartment community completed, located in Greensboro, NC
Formed CIP Construction Company to oversee multifamily and commercial development
Completed 1,000th single family home
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
Began construction on first multifamily communities in Tennessee
Began construction on first multifamily communities in Texas
Broke ground on the first Bee Safe Storage, a concept developed by Carroll, in Greensboro NC
Completed 10,000th apartment unit
Assembled and entitled Publix Regional Distribution site creating over 2,000 jobs and $400 million investment
Opened the Hyatt Place Greensboro Downtown, the first hotel in Carroll’s hospitality portfolio
Formed Carroll Industrial Development U.S. to operate 3 regional industrial parks
Began construction of Ontex Group’s eastern US manufacturing facility in Carroll’s Rockingham Business Park creating over 400 jobs
Carroll expands self-storage portfolio into Bozeman, MT with the purchase of Lazy J storage
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.
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.
Closes on first Florida Bee Safe site
Starts push into Denver, CO
Carroll breaks ground on the construction of Ballpark South, 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
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
