Early Life
Roy Carroll II was born in Greensboro, North Carolina. Growing up in a working-class family, he was exposed to the construction and real estate industries early in life. His father worked in the grocery business and also did remodeling work, giving Roy hands-on experience in construction. He attended Southeast Guilford High School. His interest in real estate started early. At the age of 14, he bought his first house.
Rise to Success
Carroll's career began in 1983 when he co-founded a custom homebuilding company with his father. He later dropped out of the University of North Carolina at Greensboro to pursue a real estate broker's license. By the early 1990s, he bought out his father's stake and expanded the company to build subdivisions and, subsequently, apartment complexes. Carroll's approach has been to buy land at a low cost and retain ownership of properties, avoiding high debt.
Key Business Strategies
Carroll's business strategy involves long-term investments in real estate, focusing on acquiring and developing properties in prime locations. The Carroll Companies has expanded into various areas, including apartments, self-storage facilities (Bee Safe), and mixed-use projects. The company has built over 15,000 apartments and has over 29 self-storage facilities. He builds and retains ownership, preferring apartments for long-term control. Carroll has also invested in the industrial sector.
Philanthropy
Roy Carroll II is involved in various philanthropic endeavors, primarily focusing on finding a cure for diabetes through his “Building an End to Diabetes” program, which has delivered over $600,000 in proceeds to the Juvenile Diabetes Research Foundation over three years. He supports Samaritan's Purse and organizations focusing on water purification technologies for Third World countries.
