GBP Gables Residential Trust

Gables Residential (NYSE: GBP) (the "Company") today announced that David D. Fitch, Gables Residential's CEO will present at the NAREIT Institutional Investor Forum in New York City on Wednesday, June 8, 2005. Mr. Fitch's presentation will be at 3:10 p.m. Eastern Time. The presentation may be accessed live via the Company's website at www.gables.com. A replay of the presentation will also be available on the Company's website from one hour following the presentation for one year. With a mission of Taking Care of the Way People Live(R), Gables Residential has received national recognition for excellence in the management, development, acquisition and construction of luxury multi-family communities in high job growth markets. The Company's strategic objective is to produce total returns through monthly dividends and share price changes that exceed the NAREIT apartment sector index. The Company has a research-driven strategy focused on markets characterized by high job growth and resiliency to national economic downturns. Within these markets, the Company targets Established Premium Neighborhoods(TM) ("EPN's"), generally defined as areas with high per square foot prices for single-family homes. By investing in resilient, demand-driven markets and EPN locations with barriers to entry, the Company expects to achieve its strategic objective. The Company is one of the largest apartment operators in the nation and currently manages 41,671 apartment homes in 161 communities, including the 81 communities it owns with 20,860 stabilized apartment homes primarily in Atlanta, Houston, South Florida, Austin, Dallas, Washington, D.C., and San Diego/Inland Empire and has an additional 11 communities with 2,673 apartment homes under development or lease-up. For further information, please contact Gables Investor Relations at (800) 371-2819 or access Gables Residential's website at www.gables.com.