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Forbes Dubs Roy Carroll ‘The Guru Of Greensboro’

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Photo by Ethan Pines for Forbes

Forbes magazine featured Greensboro developer Roy Carroll. cover story Monday, December 5th.

Under the headline “Greensboro Guru: How a college dropout built a $2.9 billion real estate empire,” Forbes provides background on Carroll, the owner and publisher of the Rhino Times, and He is the “richest resident of the city.” Carroll is the founder, president and CEO of The Carroll Companies, headquartered in downtown Greensboro.

Forbes compares Carroll’s investment philosophy for real estate to Warren Buffett’s philosophy for stocks. “Like the Oracle of Omaha, Roy Carroll has built his fortune by buying cheap and selling infrequently. , Greensboro’s richest residents are ticking, waiting for the property market to collapse.”

Forbes bought Carroll’s first home when she was 14, repaired it, sold it, and sold it for a profit. He wasn’t old enough to drive, but he had bought a Ford he had a Mustang. A collection of limited edition Ferraris.

Forbes states that Carroll’s “$2.9 billion fortune is largely comprised of real estate, including over 13,000 apartments and 29 self-storage facilities, industrial sites and mixed-use projects.”

According to the article, three-quarters of Carroll’s net worth is in multifamily homes, and 80% of those apartments are outside the Greensboro area, in 26 cities in the Southeast, including Nashville, Tennessee and Austin, Texas. widespread in the community.

Carroll told Forbes magazine that he is currently pausing new investment and construction to secure funding if property prices fall. “I’m going to set aside as much money as I can today,” he said.

The article notes Carroll’s recent entrants into industrial development, with his clients including personal hygiene company Ontex and supermarket chain Publix. “The latest addition to his empire is his $160 million multi-use project in Bozeman, Montana,” it said.

As the article notes, Carol has come a long way since dropping out of college in 1983 to start a house with her father.

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