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W e value the trust our investors place with us. We focus on Taking Care of our company ethics and ensuring the highest quality of our practices and procedures at all times. We achieve this by applying effective programs utilized for both our on-site and corporate associates. This quality assurance impacts the success of our daily operations as well as our company’s overall performance.

CODE OF CONDUCT & ETHICS POLICY Gables’ reputation and continued success is dependent upon the conduct of our associates. Each associate, as a custodian of Gables’ good name, has a personal responsibility to ensure that his or her conduct protects and promotes both the letter of the Code and its spirit of ethical conduct. Adherence to these ethical principles is fundamental to Gables’ future success.

Taking Care of Our Investors

Gables has an ethics hotline and website called EthicsPoint where associates feel safe to call or log on anonymously and confidentially to report activities involving potential violations or questions regarding the Gables Residential’s Code of Ethics.

AUDITS Internal Audit is an independent and objective assurance and consulting activity that is guided by a philosophy of adding value to improve the operations of Gables and our associated businesses. It assists us in accomplishing our objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of our organization’s control and governance processes. Gables designates an auditor for each major region, and all owned and third-party communities are audited every 12 - 18 months to ensure we continue to exceed standards. Collectively, our Internal Audit department collectively has 44 years of experience with Gables.

REPORTING Gables offers both standard and custom report options to investors, joint venture partners and third-party clients. We report financial information to our investors in accordance with Generally Accepted Accounting Principles (GAAP) as well as on a fair value basis, in accordance with the Company’s valuation policy. Upon request, Gables also reports information to investors in accordance with European Association for Investors in Non-Listed Real Estate Vehicles (INREV) standards. In addition to our standard reporting package, we also report various operational metrics in accordance with industry standards. A representative (but not exhaustive) listing of reporting provided by Gables includes the following: Financial Statements Budgeting and Forecast Reporting Occupancy and Leasing Metrics Financing Metrics (e.g. weighted average interest rate and debt maturity dates) Valuation Metrics (e.g. appraised cap rates for the properties) Marketing Analytics Web Analytics Construction and Development Progress Reporting


Gables Residential Corporate Citizenship Report 2014