Carroll Properties, Inc. is a real estate development firm that specializes in residential rental properties. Carroll was organized in 1979 as a pure development company and is the successor company to a family owned real estate business – the Richard King Realtors. King Realtors was founded in Chicago in 1942 and operated in metropolitan Chicago until the late 1970’s. Carroll develops multi-family, residential properties for its own account, for public syndication, and/or private placements. Historically, many of our developments made use of public funding mechanisms – FHA insurance, federal subsidies, tax exempt bonds, various housing tax credits, etc. Over the last several years, however, the focus of our company has shifted to conventionally underwritten and financed developments.