Filed Pursuant To Rule 424(b)(3)

Registration No. 333-78389

Prospectus Supplement to Prospectus dated June 7, 1999

Gables Residential Trust

699,146 Common Shares

Unless the context otherwise requires, all references to “we,” “us” or “our company” in this prospectus supplement refer collectively to Gables Residential Trust, a Maryland real estate investment trust, and its subsidiaries, including Gables Realty Limited Partnership, a Delaware limited partnership, and their respective predecessor entities for the applicable periods, considered as a single enterprise.

This prospectus supplement updates the prospectus dated June 7, 1999, as supplemented by the prospectus supplement dated September 22, 2000, the prospectus supplement dated May 31, 2001, the prospectus supplement dated October 11, 2001, the prospectus supplement dated October 25, 2001, and the prospectus supplement dated May 5, 2003 relating to the offer for sale of up to an aggregate of 699,146 common shares of Gables Residential Trust by the selling shareholders identified in the prospectus and prospectus supplements, and any of their pledgees, donees, transferees or other successors in interest, that we may issue if and to the extent that such persons exercise their right to tender their units of Gables Realty Limited Partnership, our operating partnership, for cash, and we exercise our right to issue common shares to them instead of cash. 

We are providing this prospectus supplement to update the table in the prospectus under the caption “The Selling Shareholders” to reflect a transfer of units from Austin Colony Partners, Ltd. and Lions Head Partners, Ltd. to First Colony Apartment Partners, Ltd. and a subsequent transfer of units from First Colony Apartments Partners, Ltd. to Joseph A. Orlando.  The amounts set forth below are based upon information provided to us by the selling shareholders, or on our records, and are accurate to the best of our knowledge.  Unless we indicate otherwise, the information in this prospectus supplement is as of August 29, 2003.

Name	Common Shares Beneficially Owned as  of August 29, 2003 (1)		Units Beneficially Owned as of  August 29, 2003 (2)		Common Shares Offered  Hereby(3)		Common Shares and Units to be  Owned After Offering(4)
Austin Colony Partners, Ltd.	0		220,427		220,427		0
Lions Head Partners, Ltd.	0		227,787		227,787		0
Joseph A. Orlando	0		4,368		4,368		0

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(1)           Does not include common shares that may be issued in exchange for units beneficially held as of August 29, 2003.

(2)           All units listed in this column may be exchanged, under circumstances set forth in the partnership agreement of Gables Realty Limited Partnership, for an equal number of common shares. All information is as of August 29, 2003.

(3)           These common shares represent the common shares that the selling shareholders may acquire upon presentation of the units for redemption.

(4)           Assumes that all common shares issuable upon redemption of the units will be sold by the selling shareholders.  In the case of each selling shareholder, the percentage of our common shares that will be held by such selling shareholder (assuming all remaining units held by such person are presented for redemption and are exchanged for common shares) after completion of this offering will be less than one percent (1%).  The total number of common shares outstanding used in calculating such percentage (i) is based on the total number of common shares outstanding as of August 29, 2003 (27,564,100 shares) and (ii) assumes that none of the remaining units held by other persons will be exchanged for common shares.

This prospectus supplement is not complete without the prospectus dated June 7, 1999, and we have not authorized anyone to deliver or use this prospectus supplement without the prospectus.

The date of this prospectus supplement is September 2, 2003.