Carroll Investment Properties, Inc. was formed in the mid 90's by Roy E. Carroll, II and was chartered with the goal of building, retaining and purchasing apartment communities throughout the southeastern US. In addition the company was to look for properties that, with enhancement or over time, would be potential site for commercial development.
Roy E. Carroll, II also is the owner and founder of Alaris Homes, RE Carroll Management and Carrolland Corporation. The Carroll CompaniesSM has branched from single family custom home development in the early 80s to multi-family, commercial and office development today. The company's portfolio consists of over 12,000 units in operation, under construction or in development with an asset value of over $1.4 Billion. The company has an active development pipeline with over 15 projects under construction or planned in premium markets, including Raleigh, Charleston (SC), Nashville, Dallas and Austin. The Carroll CompaniesSM is one of the region's largest owners of multi-family properties.
While The Carroll CompaniesSM is best known for its luxury single family and multi-family developments and visionary mixed-use urban centers, Carroll has also branched out into industrial, commercial and office developments. The Carroll Companies is currently developing the 800,000 square foot 'The Shops at Brittway' at the intersection of Interstate I-40/I-85 and South Elm Street. When complete this 145 acre development will feature retail, entertainment, and hotels in an upscale mixed-use environment.
The company is one of the largest land owners in the Triad and continues to look for projects that are innovative and add value to the community. One such project is Carroll's involvement in the 17 story Wachovia building which remained vacant for over 15 years and is in the very heart of downtown across from Center City Park. Carroll has redeveloped this building into a mixed use project with 98 luxury condominium units, offices and retail. This project has gone from a visual and financial blight on the city, to a modern styled hub of housing, business and shopping.