ABOUT GABLES RESIDENTIAL Gables Residential is a privately held, vertically integrated real estate company specializing in multifamily and mixed-use community development, construction, ownership, acquisition, financing and management. Established in 1982, we manage and have third-party management operations for approximately 30,000 apartment homes and 225,000 square feet of retail space in high-growth markets throughout the United States. Gables’ residents value a live-work-play lifestyle where they can be close to employment centers, shopping, entertainment venues and public transportation. We develop communities in Established Premium NeighborhoodsTM (EPN), providing high-quality apartment homes offering beautiful amenities and extraordinary services to our residents.
GABLES PORTFOLIO COMPOSITION Class A 69%
Premier Suburb 30%
Urban 70% Class B 31%
Quality*
Location
HighRise 14%
MidRise 53%
Garden Style 33%
Type**
STABILIZED PORTFOLIO DEVELOPMENT AND LEASE-UP PORTFOLIO Washington, D.C. 15% Atlanta, GA 15% South Florida 13% Dallas, TX 13% Boston, MA 11% Austin, TX 11% Denver, CO 10% Houston, TX 9% Southern California 3%
Washington, D.C. 31% Denver, CO 20% Boston, MA 18% Austin, TX 13% Atlanta, GA 12% Houston, TX 6%
Chart percentages represent gross real estate value with unconsolidated joint ventures weighted at share. *Class A is defined as assets with net effective rents 12+ percent higher than T12 market average rent per Axiometrics. Values are weighted by net operating income with unconsolidated joint ventures weighted at share. **Type breakdown reflects ENERGY STARÂŽ definitions. Garden style communities are low-rise buildings, one to four stories high; mid-rise are five to nine stories; high-rise are 10 stories or more.
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