X0202 4 2005-09-30 1 0001039797 GABLES REALTY LIMITED PARTNERSHIP NONE 0001181285 BANKS MARVIN R JR GABLES RESIDENTIAL TRUST 2859 PACES FERRY ROAD, SUITE 1450 ATLANTA GA 30339 0 1 0 0 Sr. VP, Secretary & CFO Units of Limited Partnership Interest 2005-09-30 4 D 0 42667 43.70 D 0 D Common Shares of Beneficial Interest 2005-09-30 4 D 0 94769 43.70 D Units 94769 0 D Employee Stock Option (Right to Buy) 26.75 2005-09-30 4 D 0 100000 16.95 D 2008-10-01 Common Shares 100000 0 D These units were disposed of pursuant to the merger agreement between Gables Realty Limited Partnership and an affiliate of ING Clarion Partners, LLC, an indirect wholly owned subsidiary of ING Groep, N.V. In connection with the closing of the merger, each unit was cancelled in exchange for the right to receive $43.70 in cash. The issuer of the common shares was Gables Residential Trust (the "Company"). Units of Gables Realty Limited Partnership were 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. These common shares were disposed of pursuant to the merger agreement between the Company and an affiliate of ING Clarion Partners. In connection with the closing of the merger, each common share was cancelled in exchange for the right to receive $43.70 in cash. This option to buy 100,000 common shares of the Company, which vested in three equal installments on the first, second and third anniversaries of the October 1, 1998 grant date, was cancelled in connection with the closing of the merger in exchange for a cash payment representing the difference between the exercise price of the option and the merger consideration of the underlying common stock of $43.70 per share. Dawn H. Severt, as Attorney in Fact 2005-09-30