Gables Residential to Present at the NAREIT Institutional Investor Forum; Webcast Available

Gables Residential (NYSE: GBP) (the "Company") today
announced that David D. Fitch, Gables Residential's CEO will present
at the NAREIT Institutional Investor Forum in New York City on
Wednesday, June 8, 2005. Mr. Fitch's presentation will be at 3:10 p.m.
Eastern Time. The presentation may be accessed live via the Company's
website at www.gables.com. A replay of the presentation will also be
available on the Company's website from one hour following the
presentation for one year.
   With a mission of Taking Care of the Way People Live(R), Gables
Residential has received national recognition for excellence in the
management, development, acquisition and construction of luxury
multi-family communities in high job growth markets. The Company's
strategic objective is to produce total returns through monthly
dividends and share price changes that exceed the NAREIT apartment
sector index.
   The Company has a research-driven strategy focused on markets
characterized by high job growth and resiliency to national economic
downturns. Within these markets, the Company targets Established
Premium Neighborhoods(TM) ("EPN's"), generally defined as areas with
high per square foot prices for single-family homes. By investing in
resilient, demand-driven markets and EPN locations with barriers to
entry, the Company expects to achieve its strategic objective.
   The Company is one of the largest apartment operators in the
nation and currently manages 41,671 apartment homes in 161
communities, including the 81 communities it owns with 20,860
stabilized apartment homes primarily in Atlanta, Houston, South
Florida, Austin, Dallas, Washington, D.C., and San Diego/Inland Empire
and has an additional 11 communities with 2,673 apartment homes under
development or lease-up. For further information, please contact
Gables Investor Relations at [phone] or access Gables
Residential's website at www.gables.com.