Sue Ansel '82 Named COO of Gables Residential

April 6, 2005

April 6, 2005, Greencastle, Ind. - Susan M. Ansel, a 1982 graduate of DePauw University, has been promoted to chief operating officer of Gables Residential (NYSE: GBP). Ansel, who has spent 18 years with Gable, previously served the company as a senior vice president with responsibility for the Company's apartment operations and asset management functions in Dallas, Austin, Houston, San Diego and the Inland Empire, which includes a portfolio of over 15,000 apartment homes.

"The COO position in a publicly-traded apartment REIT is one of the most highly sought-after roles in our industry, and this position with Gables attracted a significant amount of interest from many highly qualified candidates," noted CEO David Fitch in announcing Ansel's appointment today. "Through the search process we came to the realization that Sue was the best choice, based on her exceptional track record and experience with the company. We are proud to have a company that has the bench strength to fulfill this position. During her 18 years with Gables, she has proven to be a thought leader and her focus on execution will continue Gables' record of strong operating performance."

A news release at Business Wire states, "Prior to joining Gables, Ms. Ansel was a vice president with The Daseke Group. She serves on the Board of the National Apartment Association Education Institute and is a member of Commercial Real Estate Women. Ms. Ansel is a member of The Real Estate Council and has served on the Board and as chairperson of The Real Estate Council Foundation Board and previously served on the Board of the Independent Multifamily Communication Council. She is a graduate of DePauw University with a bachelor's degree in arts." Read the complete announcement by clicking here.

Gables Residential is one of the largest apartment operators in the nation and currently manages 41,241 apartment homes in 160 communities, including the 78 communities it owns with 20,384 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. Visit the company's Web site by clicking here.

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