Barrington Group has been developing, repositioning and rebuilding multi-family communities for over 50 years. When the apartment industry went into a severe recession due to overbuilding in 1973-4, the Founder Richard Lieberman and his son Larry realized that their apartment management skills would be of value to other struggling owners or lenders who had foreclosed upon struggling projects. Consequently, in 1974 Larry and Richard started the Rallie Company. In 1977, after an exceptional growth period, Richard sold his interest to Larry, Thereafter, the name was changed to the Barrington Group (BGI.)