HISTORY

Barge Properties Management Company, Ltd. is a privately-held organization with Vernon W. (Bill) Barge, III as president and principal stockholder. The company employs 65 people primarily involved in the development and management of apartments, self-storage facilities and residential subdivisions. Other developments include condominiums and retail. With the exception of the apartments at Temple College, the company manages properties exclusively developed or owned by Mr. Barge. Barge Properties currently manages over 3,000 income units.