X0202 4 2005-01-13 0001039797 GABLES REALTY LIMITED PARTNERSHIP NONE 0001181202 BROMLEY MARCUS E 1 PACES WEST TERRACE ATLANTA GA 30327 1 0 0 0 Common Shares of Beneficial Interest 2005-01-13 4 A 0 1000 A Units 1000 9148 D The issuer of the common shares is Gables Residential Trust (the "Company"), which is the 100% owner of Gables GP, Inc., the general partner of Gables Realty Limited Partnership (the "Partnership"). Units of the Partnership are redeemable for cash equal to the fair market value of such shares at the time of redemption or, at the election of the Company, an equal number of common shares. The reporting person also has an indirect ownership in 2,650 shares owned by his spouse, 1,470 shares owned by his child and 365 shares owned by his stepchild. Reporting person disclaims beneficial ownership of shares owned by his spouse, child and stepchild. Dawn H. Severt, As Attorney in Fact 2005-01-13