Company Description:
Gables Residential Trust is a privately-owned real estate investment trust (REIT), which owns, develops and manages Forever Great multi-family communities and mixed-use developments.' Currently, the company manages approximately 35,000 apartment homes, approximately 15,000 of which it owns.' Additionally, approximately 3,000 apartment homes are under construction.' The company's current portfolio is located in South Florida, Atlanta, Washington, D. C. . , Houston, Austin, Dallas, San Diego and the Inland Empire.' Gables Residential had a $2. 3 billion total gross asset value at September 30, 2007, which it expects to grow to approximately $4 to $5 billion over the next 5 years, fueled primarily by development and value-added repositioning activities.' The company currently has a significant shadow pipeline of over 5,000 apartment homes representing over $1 billion of total capitalization.' Gables' origin as a private company dates back to 1982 when it was a part of Trammell Crow Residential.' From 1994 to 2005, the company was organized as a public REIT listed on the New York Stock Exchange.' In the fall of 2005, the company reverted back to private ownership, while maintaining its REIT structure, when it was acquired by a newly formed closed-end fund, which is managed by a joint venture between ING Clarion and Lehman Brothers.' The company has approximately 1,300 employees and its headquarters is in Atlanta.' Its motto is "Taking Care of the Way People Live"
Gables Residential Trust is a privately-owned real estate investment trust (REIT), which owns, develops and manages Forever Great multi-family communities and mixed-use developments.' Currently, the company manages approximately 35,000 apartment homes, approximately 15,000 of which it owns.' Additionally, approximately 3,000 apartment homes are under construction.' The company's current portfolio is located in South Florida, Atlanta, Washington, D. C. . , Houston, Austin, Dallas, San Diego and the Inland Empire.' Gables Residential had a $2. 3 billion total gross asset value at September 30, 2007, which it expects to grow to approximately $4 to $5 billion over the next 5 years, fueled primarily by development and value-added repositioning activities.' The company currently has a significant shadow pipeline of over 5,000 apartment homes representing over $1 billion of total capitalization.' Gables' origin as a private company dates back to 1982 when it was a part of Trammell Crow Residential.' From 1994 to 2005, the company was organized as a public REIT listed on the New York Stock Exchange.' In the fall of 2005, the company reverted back to private ownership, while maintaining its REIT structure, when it was acquired by a newly formed closed-end fund, which is managed by a joint venture between ING Clarion and Lehman Brothers.' The company has approximately 1,300 employees and its headquarters is in Atlanta.' Its motto is "Taking Care of the Way People Live"