Early Life and Career Beginnings
Roy Carroll II was born and raised in Greensboro, North Carolina. In 1983, at the age of 21, Carroll co-founded a custom homebuilding company with his father. Over the years, the company grew, building homes and later expanding into apartment complexes.
Rise to Success
Carroll bought out his father's stake in 1990, and expanded into building subdivisions and then into apartment complexes. He made a strategic shift towards rental properties, recognizing their potential for steady revenue. This led to significant growth, with The Carroll Companies eventually owning over 13,000 apartments and numerous self-storage facilities.
Key Business Strategies
Carroll's business philosophy centers on long-term ownership and strategic land acquisition. His focus on buying cheap land and developing profitable apartment complexes has been a cornerstone of his success. He also emphasizes vertical construction and renovation to add value to properties. The Carroll Companies operates without outside equity partners, maintaining full ownership of its portfolio.
Philanthropy
Beyond his business endeavors, Carroll is involved in philanthropic initiatives, including the "Building an End to Diabetes" program and support for various civic and non-profit boards. He is committed to improving the Triad area and supporting his community.
