Gables Residential Third Party Management Brochure

Third Party

Management Services

Taking Care of the Way You Do Business

History, Culture & Contribution

HISTORICAL TIMELINE

a lasting impact…

Established in 1982, Gables Residential is a privately held owner and developer of

1982 Acquisitions Houston, Austin, & TCR South Florida Division

Atlanta Based

1994

multifamily and mixed-use communities. We own, manage and have under development third-party operations for nearly 28,000 apartment homes and 750,000 square foot retail.

1998

Public REIT formed creating Gables Residential Trust

Gables evolved from an umbrella partnership REIT into a private company when ING Clarion, Lehman Brothers, and other investors agreed to buy the company for $2.8 billion in October 2005. In 2014, our close-ended fund that took the company private was coming to a close. Clarion Partners and a group of investors acquired Gables Residential in 2015 for $3.2 billion and converted the company into a perpetual life vehicle.

THIRD PARTY SERVICES

Entered Metro D.C. Market Acquired Dupont Circle & Purchased HG Smithy Management Company

2005

Taking Care of the Way You do Business…

2001

ING Clarion acquired Gables creating Lions Gables Apartment Closed-ended fund

Entrusting a company with your assets is more than just a business transaction — it’s the start of a powerful partnership. We realize that choosing the right management team is vital to the value and return on your investment. Our reputation as a thirdparty management company speaks for itself, with over 40 years of experience and approximately 50% of our portfolio is made up of third-party communities.

company overview

Fund closes, Clarion acquires Gables with new investors for $3.2 billion

2015 - present

AT THE CORE

…values are the foundation The mission is simple and clear: “Taking

Care of the Way You Live ™”

It speaks first to our residents, but it has equal relevance to our hard-working associates, our clients and our investors. When we take care of our residents, we take care of our company.

To fulfill this mission, we stay true to core values:

Extraordinary quality and service for our residents Unparalleled employment experiences for our associates Utmost integrity and value for our investors and customers Enduring contributions to our local community These values are embedded in our culture. They are also absolute; in that they never waver. Most of all, they remind us daily as to what we mean by “Taking

GABLES SEAPORT | BOSTON, MA

Care of the Way You Live ™.”

POSSIBLE BECAUSE OF

our people…

Gables Residential has a deep history of Taking Care. We take care of our residents, our assets, our investors, and our Third-Party clients.

Our story is possible because of our people.

Investing in the well-being of our associates continues to pay off. They are the front lines of every community, the first impression for prospects and the ever-present resource for residents. They are our Gables associates and taking care of them is a high priority for our company.

With 900+ associates at Gables, our noteworthy tenure at all levels reaffirms our people-focused culture. On average: OVERALL TENURE: 5.59 YEARS LEADERSHIP TENURE: 12.8 YEARS ONSITE TENURE: 4.39 YEARS REGIONAL MANAGER TENURE: 10.36 YEARS COMMUNITY MANAGER TENURE: 5.65 YEARS

company overview PARK 5940 MD | DALLS, TX

THE ESG OF GABLES environmental, social and governance practices define our sustainability approach Gables’ sustainability strategy is reflected in the daily practices of the investment, operations and corporate teams. We set policies and standard operating procedures (SOPs) to establish accountability, standards and consistency across the Gables portfolio.

E n vi r o n m e nta l

Social

G o ve r n an c e

• Commit to newly established sustainability goals for 2030 in recycling, renewable energy, greenhouse gas reduction, water usage and energy usage

• Engage and educate associates to help implement initiatives for company sustainability goals and objectives

• Maintain focus of senior leadership and board on ESG issues

• Plan and implement energy, GHG emissions, water and waste management programs including benchmarking (measurement), project identification and implementation and performance standards • Assess opportunities for renewable energy generation • Pursue green building certifications on all new developments

history, culture & contributions

• Provide a safe work environment and promote associate health and wellness through innovative programs and services • Provide sustainable and healthy communities for our residents through development and operating practices, programs and policies and health and wellness certifications • Engage with suppliers who work to minimize their environmental impact through their own sustainability commitments and initiatives

• Protect asset value and prevent disruption to business operations by assessing climate transition, social and physical risks • Increase transparency by communicating and reporting sustainability efforts and progress to stakeholders in our annual corporate sustainability report and ongoing participation in Global Real Estate Sustainability Benchmark (GRESB) • Work with an independent source to evaluate Gables’ metrics relating to environmental performance

GIVING BACK commitment to our greater community

Pets are a beloved part of our communities, too Our love for pets reaches beyond our communities

Community service is at the very root of Gables’ corporate culture.

to support animal-centric charities. Guardian Angels

Our continuous dedication to the spirit of ongoing volunteerism

Medical Service Dogs is one such charity. Guardian Angels pairs

ingrained throughout our company makes a lasting impact on the

trained medical service dogs with military veterans and disabled

communities we serve, and in turn instills a lasting purpose in our

individuals across the country. In 2020, the generosity of residents and

associates. Since 2000, our associates company-wide participated in

associates helped raise $25,000 to prepare one medical service dog

our annual Gables Day — a full day dedicated to community service

for someone in need.

projects in each of our regions.

Take The Day Off and Serve

$2,007,092 raised in donations & Over 167,443 hours volunteered since 2000

In 2020 every Gables associate was called to take a day of their choosing to serve a charity of their choosing to impact change or provide meaningful Care to their local community.

OUR DAY FEEDING A CITY

social initiatives

My volunteer day was helping the Feed the City food distribution. It was an amazing day! We packed boxes of food for over 500 families. I worked alongside my two grandsons. We worked hard for 5 hours, but it was such a rewarding experience. Since that day, we have volunteered three more times on the weekends. We will continue to help, whenever we can.

- Patti Ney, Regional HR Manager (right)

SUSTAINABILITY Our goals for 2030…

Two overall strategies factor into our efforts to reduce emissions: Changing how we operate our communities and corporate offices and investing annually in energy efficiency.

Investing annually in energy efficiency projects will help us lower energy use by 2% each year. The projects include retrofitting lighting, installing new lighting controls, adding smart thermostats to common areas and replacing end-of-life equipment with higher-efficiency models.

The focus on sustainability is engrained in our culture and business practice. It’s also the product of carefully coordinated responsibilities.

Energy Goal

Greenhouse Gas Emissions Goal

Water Goal

Waste Goal

Renewable Energy Goal

Reduce common

Reduce GHG

Reduce whole

Increase recycling

Increase renewable

area energy

emissions

building water use

in apartment homes

energy use

use by 20%

by 20%

by 10%

by 10%

by 50%

- 2% annually

- 2% annually

- 1% annually

-1% annually

-1% annually

history, culture & contributions

To read our Corporate Citizenship Report scan the QR Code:

ROLES, RESPONSIBILITIES & SUSTAINABLE COMMUNITIES sustainability is every associate’s responsibility at Gables

sustainable community programs & features

Sustainability Advisory Council

Building Certifications

Comprised of the Gables CEO and senior leaders across the

National Green Building Standard

company, the Council shapes the vision and sets the strategy for

Energy Star Labeled Communities

sustainability initiatives. Members meet quarterly and assess the

EarthCraft Multifamily Certified

programs’ progress.

USGBC LEED for Homes

Gables Board of Directors

Energy-Efficiency

After studying proposals from the Advisory Council, the Board

Energy-efficient LED lighting throughout the community

approves a budget and authorizes funding for sustainability

ENERGY STAR dishwashers, refrigerators, washers

activities.

Programmable thermostats

Director of Sustainability

Water Conservation

This individual oversees program, projects and performance metrics,

Water-efficient showerheads and faucets

providing progress reports to the executive team, while also leading

Water-efficient toilets

the Sustainability Advisory Council.

Gables Associates Each individual is expected to contribute to environmental stewardship. All associates set and discuss their contributions to sustainability goals as part of their annual talent and performance development program.

Yardi Energy System (YES) Utility Processing Across all communities, Gables has implemented the YES utility processing program. YES will increase utility cost recovery and will improve our sustainability strategy and reporting.

IMPORTANCE OF DEI Diversity is a fact. Inclusion is an action.

Equity is a choice. Belonging is an outcome…

SHELTERS TO SHUTTERS

Delivering on our mission of Taking Care of the Way

This Virginia-based nonprofit organization

You Live can’t be accomplished through a

transitions individuals out of situational

homogeneous lens. A sustainable business requires

homelessness to economic self-sufficiency

diversity of thought, backgrounds, and abilities as

through partnerships with the real estate

well as inclusive mindsets and programs, policies and

industry to provide employment and housing

practices that are equitable and built on a

opportunities

foundation of equality and trust.

GABLES DEI COUNCIL - REPRESENTED A diversity, equity and inclusion (DEI) Council

“Shelters to Shutters catapulted me to a whole other level. Now I have a stable job and my own

is compromised of a diverse cross-section of

apartment. I can do school now without stressing

associates. The Council is a welcoming space

about having to park somewhere safe so I can

for our associates to collaborate and engage

sleep. Now I can go home and have internet

in mission-driven progress toward our vision of an inspired and supportive workplace.

service in my house to get my assignments done.”

- Moma Sayplay Gables Mill

Market Presence

GABLES NATIONAL MARKET PRESENCE

Boston

Denver

COMMUNITIES

BY OWNERSHIP

COMMUNITIES

BY STATUS

Gables & JV

Stabilized

Third-Party

Lease-Up

COMMUNITIES BY BUILDING TYPE

% OF RETAIL

D.C. Metro

Atlanta

Austin Current Market Presence Gables Pipeline Gables Headquarters Gables Regional Corporate Offices

Dallas

Garden Style

Retail

Midrise

Non-Retail

Highrise

Houston Boca Raton

TOTAL COMMUNITIES: 100 TOTAL UNITS: 25,594

market presence

GABLES NATIONAL MARKET PRESENCE

AZ & CA YEARS IN MARKET: 17 THIRD PARTY GABLES & JV TOTAL DENVER, CO YEARS IN MARKET: 9 THIRD PARTY GABLES & JV TOTAL AUSTIN, TX YEARS IN MARKET: 32 THIRD PARTY GABLES & JV TOTAL DALLAS, TX YEARS IN MARKET: 39 THIRD PARTY GABLES & JV TOTAL

PROPERTIES 1 3 4

PROPERTIES 1 4 5

UNITS 497 522 1,019

UNITS 225 887 1,112

PROPERTIES 3 5 8

UNITS 947 1315 2,262

PROPERTIES 9 8 17

UNITS 2,630 2178 4,808

HOUSTON, TX YEARS IN MARKET: 39 THIRD PARTY GABLES & JV TOTAL

D.C. METRO YEARS IN MARKET: 19 THIRD PARTY GABLES & JV TOTAL BOSTON, MA YEARS IN MARKET: 12 THIRD PARTY GABLES & JV TOTAL

PROPERTIES 1 10 11

PROPERTIES 10 7 17

PROPERTIES 6 3 9

UNITS 298 2579 2,877

UNITS 1,864 1325 3,189

UNITS 1,213 953 2,166

ATLANTA, GA YEARS IN MARKET: 39 THIRD PARTY GABLES & JV TOTAL NORTH FLORIDA YEARS IN MARKET: 37 THIRD PARTY GABLES & JV TOTAL SOUTH FLORIDA YEARS IN MARKET: 37 THIRD PARTY GABLES & JV TOTAL

PROPERTIES 4 7 11

UNITS 1,103 2315 3,418

PROPERTIES 6 0 6

UNITS 1,850 0 1,850

PROPERTIES 4 8 12

UNITS 878 2015 2,893

OUR COMMUNITIES

Austin, TX

Houston, TX

Dallas, TX

Boston, MA

Gables at the Terrace Gables Central Park Gables Park Plaza Gables Park Tower Gables Republic Square Gables West Avenue Lantana Ridge Domain Verde

Crimson Gables 6464 San Felipe Gables Cityscape Gables Citywalk Gables Metropolitan Uptown Gables Post Oak Gables Revere Upper Kirby Gables River Oaks Gables Tanglewood Gables Upper Kirby M5250

Gables Katy Trail Gables McKinney Avenue Gables Mirabella Gables Park 17 Gables Republic Tower Gables Turtle Creek Cityplace Gables Villa Rosa Gables Water Street Mission Gate Park 5940 MD State Thomas Ravello The Henderson The Kathryn The Margo The Maxwell Uptown Trail

Crimson Court Gables Arsenal Street Gables Seaport Gables University Station HUB25 Katahdin Woods RE150 Watermark Kendall East Watermark Kendall West

market presence

OUR COMMUNITIES

Washington, DC

MD & VA

Denver, CO

AZ & CA

215 C Street Gables City Vista Gables Dupont Circle Gables Takoma Park Ledger Union Market Ora The Berkshire Westbrooke Place Yuma Gardens

Chase Heritage Curve 6100 Gables 12 Twenty One Gables Centerpointe Gables Old Town North Gables Pointe 14 Langley Terrace Waverly Village

Gables Cherry Creek Gables Residences Gables Speer Blvd Gables Vista Residences Market Station

Desert Club

Gables Alta Murrieta Gables Oak Creek Gables Point Loma

OUR COMMUNITIES

market presence

Atlanta, GA

North Florida

South Florida

Berkeley Heights Dunwoody Gables Gables Brookhaven Gables Century Center Gables Midtown Gables Mill Gables Montclair Gables Sugarloaf Gables Vinings Village The Ashley Gables Buckhead Willow Trail

Mirrorton Apartments Shadetree Apartments The Enclave The Napier The Wilds at Trailwinds West Port Colony

Gables Boca Place Gables Columbus Center Gables Montecito Gables Palma Vista Gables Ponce Gables Town Colony Gables Town Place Gables Wilton Park Mizner Park Apartments Royal Poinciana South The Residences at Thesis Vue at 1400

Corporate Offices

GABLES CORPORATE OFFICES

Atlanta

3399 Peachtree Road NE Suite 600 Atlanta, GA 30326 (404) 923 5500

market presence

Austin

6850 Austin Center Blvd.

Suite 200 Austin, TX 78731 (512) 502-6000

Boca Raton

750 Park of Commerce Blvd Suite 300 Boca Raton, FL 33487 (561)997-9700

Boston

501 Congress Street Boston, MA 02210

GABLES CORPORATE OFFICES

D.C. Metro

8300 Greensboro Drive Suite 650 McLean, VA 22102 (703) 918-2500

Dallas

3811 Turtle Creek Blvd Suite 1500 Dallas, TX 75219 (214) 252-2600

Denver

101 University Blvd.

Suite 240 Denver, CO 80206 (720) 616-6830

Houston

5847 San Felipe Suite 3250 Houston, TX 77057 (713) 784-4144

Core Services

CORE SERVICES DUE DILIGENCE

Service Is Our Signature Amenity Customized and hospitality-focused service is what inspires us. It’s about creating long-term

DEVELOPMENT CONSULTING

ACCOUNTING

HR, TRAINING & RECRUITING

relationships built upon trust, caring and respect.

This mindset is carried through to our residents, fellow associates, vendors and especially our third-party clients.

AUDIT & RISK MANAGMENT

MARKETING

THIRD PARTY SERVICES

REVENUE MANAGEMENT

BUSINESS INTELLIGENCE

LEASE UP EXPERIENCE

IT FACILITIES MANAGEMENT

SUSTAINABILITY

Leadership

EXECUTIVE LEADERSHIP

SUE ANSEL

President Chief Executive Officer

DAWN SEVERT

Started career with Gables in 1988

MARY HOLLANDS Senior Vice President Third Party Operations

Started career with Gables in 1993

Executive Vice President Chief Financial Officer Started career with Gables in 1994

DONNA SUMMERS

President Gables Management Company

Started career with Gables in 1984-96.

Returned in 2005

GREG GASIOR

MELANIE TRAPNELL

Started career with Gables in 1995

Started career with Gables in 2017

Senior Vice President Operations East

Senior Vice President Operations West

GIGI GIANNONI

Senior Vice President Customer Experience

Started career with Gables in 2002-2004.

Returned in 2013

EXECUTIVE LEADERSHIP

ROB PRESLEY

Senior Vice President Facilities Management and Quality Assurance

BRIAN MOSLEY

PHILIP ALTSCHULER

Senior Vice President Asset Management

DAVID REECE

Started career with Gables in 2019

Senior Vice President Human Resources

Started career with Gables in 2008

Senior Vice President Finance and Capital Markets

DENNIS RAINOSEK

JORGEN PUNDA

CARRIE BILLIAM

MATTHEW BEARDEN

Started career with Gables in 1986

Started career with Gables in 2006

Started career with Gables in 2021

Started career with Gables in 2004

Started career with Gables in 2008

Started career with Gables in 1988

Senior Vice President Portfolio Management

leadership

Senior Vice President Investments

Senior Vice President Accounting

Senior Vice President Construction

OPERATIONS LEADERSHIP

JEAN ANTON

Vice President of Operations North Florida/Atlanta Started career with Gables in 1997

SHELLY COULTER

Vice President of Operations Dallas/Houston/Arizona Started career with Gables in 1992

DARIN BOTELHO

Vice President Commercial Real Estate

Started career with Gables in 2007

TIM HUTCHINSON

Vice President of Operations DC/ Boston Started career with Gables in 2015

SHANE POLK

Vice President Facilities Management

Started career with Gables in 2012

ANNA FRENZEL

Vice President of Operations Denver/California Started career with Gables in 2015

CORPORATE LEADERSHIP

TERESA MEUTER

Vice President Third Party Accounting

Started career with Gables in 2018

JAMES HAMRICK

WILL GOSNELL

Started career with Gables in 2018

Started career with Gables in 2000

Vice President Information Technology

ROB RECTOR

Vice President Training and Development Started career with Gables in 2001

leadership

Vice President Internal Audit

JUN LEE

Vice President Revenue Management

Started career with Gables in 2021

To read our Leadership Bios scan the QR Code:

NATIONAL OPERATIONS LEADERSHIP Donna Summers President of Gables Management Company

Greg Gasior Senior Vice President Operations - East

Jean Anton VP Operations Atlanta/North Florida

Tim Hutchinson VP Operations DC/Boston

Mary Hollands Senior Vice President Third Party Operations

Melanie Trapnell Senior Vice President Operations - West

Rachel Lee Sr. Real Estate Analyst Atlanta

Shelly Coulter VP Operations Dallas/Houston/Arizona

Stacey Abure Real Estate Analyst Atlanta

Rebecca Slater Regional Manager Houston

Kristin Smialek Client Services Atlanta

Jennifer Hill Regional Manager Dallas

Amanda James Sr Regional Manager South Florida

Michael Proctor Regional Manager Atlanta

Jennifer Rush Regional Manager DC Metro

Yvette Tillman Regional Manager South Florida

Kristin Roberts Regional Manager Atlanta

Cherish Medawar Regional Manager DC Metro

Julia Small Regional Manager Dallas

Ryan McCarry District Manager North Florida

Sandy Becker Regional Manager DC Metro

Tiffany Roland Regional Manager Dallas/Houston

Shawn Whitworth Regional Manager Boston

Anna Frenzel VP Operations Denver/California

Renee Clark Sr Regional Manager Austin Sabrina Taylor Regional Manager Denver/CA

Jun Lee Director Revenue Management Dallas Asha Patel Pricing Manager Dallas Stacey Valdez Pricing Manager Austin TBD Revenue Mgt Analyst Dallas