Early Life and Career Beginnings
Roy E. Carroll II was born in Greensboro, North Carolina, and began his entrepreneurial journey at a young age. In 1983, at the age of 21, he co-founded R. E. Carroll Construction, Inc. with his father, initiating his career in the construction and real estate development sectors. Initially focused on building custom homes, Carroll quickly displayed a vision for scaling the business. He bought out his father's stake in 1990, and expanded the company into building subdivisions and apartment complexes.
Rise to Success and Expansion
Under Carroll's leadership, The Carroll Companies experienced significant growth, diversifying its portfolio to include multifamily housing, industrial parks, hotels, self-storage facilities, and mixed-use lifestyle centers. He emphasized long-term ownership and development of high-quality assets. The company's strategic focus on long-term ownership and development allowed for stability even during economic downturns. The Carroll Companies expanded its footprint across the Southeastern United States and into Montana.
Key Business Strategies
Carroll's business philosophy mirrors that of Warren Buffett, focusing on acquiring properties in prime locations and retaining them for the long term. This approach, combined with a commitment to cost-effective development and in-house management, has been key to The Carroll Companies' success. His commitment to quality and long-term value creation has set him apart.
Philanthropy and Community Involvement
Beyond his business achievements, Carroll is actively involved in philanthropy. He supports various civic endeavors, including the "Building an End to Diabetes" program, and serves on several civic and non-profit boards. He was named Downtown Greensboro Person of the Year in 2006 and has been recognized as one of the Triad's Most Influential People.