The Gables 2023 Corporate Citizenship Report shares significant information pertaining to our focused and formalized efforts around environmental best practices, our engagement activities with key stakeholders, and our corporate governance practices. Content throughout this report is material to our stakeholders, including investors, residents, associates, partners and communities. The report encompasses data and information from the period spanning January 1 to December 31, 2023. Performance data includes Gables owned and joint venture communities, unless otherwise noted.
Company Profile
Gables Residential is a privately held, vertically integrated real estate company focused on multifamily and mixed-use development, ownership, acquisition, financing and management. Taking Care of the Way You Live since 1982.
Our mission focuses on four foundational principles:
Exemplary quality and service for our residents
Unmatched employment experiences for our associates
Utmost integrity for our investors and customers
Lasting contributions to our local communities
Portfolio Overview
We provide multifamily housing in high employmentgrowth markets throughout the United States.
Letter From CEO
I am pleased to present Gables Residential’s 2023 Corporate Citizenship Report covering highlights and results from our ongoing commitment to provide sustainable communities that offer an exceptional resident experience.
Our focus on the environment, corporate governance, our associates and our residents is again benchmarked by our annual GRESB results. For calendar year 2022, we are very proud to report that we achieved a 5 Star Rating for our standing investments and a 4 Star Rating for our development program, placing Gables at the highest levels among peer companies. We continue to follow proven strategies and research additional potential activities that are consistent with our sustainability and value creation objectives.
This report provides you with an opportunity to learn more about our programs for the Environment, our Engagement with associates, residents and community members, and our Stewardship of resources. These programs are designed around the idea of “Living Well” – at our apartment homes, in our communities and at our workplaces. Here are just a few highlights of our 2023 accomplishments about which you can read in the following pages:
Resilience — convened a Resilience Working Group to help prepare for a lower carbon economy and to better protect our assets from extreme weather events and climate change.
Net Zero — created a Net Zero Roadmap to guide actions toward success in achieving our commitment to Net Zero by 2050.
Building Certification — achieved 86% of our portfolio of communities having at least one design and construction or operational green building certification.
Renewable Energy — placed into service the solar array at Gables Vinings Village and completed the solar project at Gables Union Market; both will provide power to common areas. Also, preparing to start operating large solar arrays at two communities in southern California in 2024 that combined will provide nearly 1.4 million kWh per year.
New Website — launched a new website with a more intuitive interface and greater engagement opportunities for prospective and current residents, investors and the community at large.
Supply Chain Management — worked more closely with qualifying vendors to support inclusion and better vendor management practices.
All Gables associates are involved in the activities described in this report. Our continued success would not be possible without such a dedicated team. I applaud and thank them for their continued support of our company and our efforts to be a good corporate citizen. We appreciate the support of our investors, residents and associates for all of our corporate citizenship activities and look forward to sharing positive results with you in future reports.
Susan M. Ansel President and Chief Executive Officer
GRESB Delivering Sustainable Communities
Our strong performance on GRESB, the world’s preeminent real estate benchmarking assessment, reflects Gables’ standing amongst peer companies and demonstrates our commitment to the environment, corporate governance, our associates and our residents.
5-Star Rating FOR STANDING INVESTMENTS
In 2023, Gables received the highest possible rating from GRESB on standing investments, which considers assets’ performance and companies’ management practices.
Contributing factors for Gables to earn this esteemed recognition include the following:
Reduced energy use and GHG emissions
Increased recycling
Exceptional scores on Management and Governance topics
Effective engagement programs for associates, residents and communities
4-Star Rating FOR DEVELOPMENT
In 2023, Gables received the second-highest rating from GRESB on new developments, which assesses companies’ development and management practices. Contributing factors for our high score include the following:
Showcasing commitment to performance via green building certification
Integrating community engagement throughout construction
Diverting 93% — over 1,780 tons — of construction waste
Incorporating solar arrays in new developments
Our ongoing focus and commitment to providing communities that integrate sustainability best practices and promote active, healthy lifestyles shines through our portfolio-wide metrics.
2023 Green Building Certification Highlights
Alternative & Active Transportation*
Gables prioritizes walkability and access to alternative transportation across our portfolio. This has been a contributing factor to our successful pursuit of green building certifications and demonstrates our commitment to delivering exceptional living experiences.
100%
New developments certified since 2015 86%
Communities Certified (new development and operational) 79%
Stabilized communities with operational certifications 38%
Stabilized communities with ENERGY STAR certification
Design for Living Well
Sustainability principles are embedded in our standard operating procedures and company culture. Applying this focus to new development and large renovation projects supports our efforts to maximize long-term value creation while meeting the current and future needs of residents and communities.
Highly Integrated Approach
Gables combines our internal expertise with the specialized insight of third-party consultants to ensure we incorporate the latest approaches and best practices across our company operations. This collaboration enhances project quality and empowers us to develop the most well-conceived final product: communities that respond to market demands and deliver a lifestyle that is appealing across all generations.
Interior Design
Sustainability Consultants
Development Team
Conceives investment opportunities and stewards projects through completion.
Design Team
Incorporates elements relevant to community positioning.
Mechanical, Structural Engineers
Facilities Management Team
Ensures developments are economical to maintain long term.
Construction Team
Oversees project construction to ensure communities incorporate all design specifications.
Solar Feasibility IT Marketing
Landscape Architect
Water-Proofing Expertise
Meeting Our Standards for Sustainability & Performance
New developments are designed to achieve Fitwel certification to promote healthy living environments for residents.
New developments receive Fitwel certification and at least one third-party green building certification that meets Gables internal development standards.
Sustainability features may include:
ENERGY STAR ® appliances
Smart home technology
Leak detection technology
WaterSense® showerheads and toilets
White TPO flat roofs
Conditioned fresh air to apartment homes and common areas
Diverse native and drought-tolerant landscaping
Rainwater irrigation collection
Condensation re-capturing AC technology
Features addressing regional and local physical climate challenges
We are forward thinking throughout construction and design to ensure we build communities that best fit our target demographic, build on our brand and perpetuate our sustainability goals.
Key considerations:
Connection to outdoor spaces and views of nature
Top-of-the-line amenities targeted to local market preferences
Design features that promote active living
Walkability of site location
GABLES VISTA DENVER, CO
CRIMSON HOUSTON, TX
LYNN RILEY STOKES
Community Spotlight: Gables Union Market
Gables Union Market reflects how development and operational decisions are made to create longterm value for the investor. Sleek. Powerful. Thoughtful.
Located in the historical Union Market district of Washington D.C., Gables Union Market combines quintessential Gables quality with the spirit of the surrounding neighborhood. Throughout development, our teams managed to divert 88% of construction waste, achieve LEED Gold certification standards and deliver a community that exceeds the ASHRAE energy efficiency standard by 20%
MULTIPURPOSE GREEN INFRASTRUCTURE
Green roof spaces feature native, drought-tolerant landscaping that helps mitigate temperatures, control rain flow and create an inviting ambiance.
Variable refrigerant flow (VRF) HVAC system for energy efficient heating and cooling applications.
Canopy solar array that offsets 5% of common-area electric load while providing shade to residents lounging on the recreational rooftop area.
A home automation system offers residents enhanced control over their home environment and provides Gables with leak detection capability.
DESIGNED FOR RESILIENCE
Pumps and relief valves in lowest garage levels allow excess water a drainage route in case of emergency flood scenario.
Upgraded electrical equipment capable of withstanding water exposure.
Mechanical rooms and elevator controls are positioned to avoid water exposure from flooding.
Backup generator capacity exceeds code, allowing basic building services and internet connectivity to withstand disruptive events.
RESIDENT FOCUSED
Bespoke artwork designed to inspire residents.
Ample space for creativity and project collaboration.
Prime walkable access in an urban setting.
Visible murals pay homage to the location’s history.
GABLES UNION MARKET
Environmental Management System Resilience at Work
Our Environmental Management System (EMS) applies the Plan-Do-Check-Act approach and is aligned with ISO-14001, providing the structure and flexibility to make iterative adjustments while staying focused on long-term goals.
Gables assesses climate-related physical, social and transition risks in alignment with guidance from the Task Force on Climaterelated Financial Disclosure (TCFD). This multifaceted approach to environmental risk management supports efforts to minimize risk exposure and identify opportunities for enhanced performance.
Gables evaluates and addresses portfolio-wide physical, social and transition risks and opportunities. We review current policies, create new ones and establish initiatives to be prepared for a lower carbon economy and to be protected from extreme weather events and chronic climate shifts. In 2023, Gables convened a Resilience Working Group—comprised of members from Fund Management, Asset Management, Facilities, Operations and our Sustainability team—to update assessments and resources that will guide future efforts. This group worked on the following initiatives in 2023:
Conducted a portfolio-wide resilience desktop assessment that provided insights to be used in our upcoming gap analysis. This will inform policy updates and provide suggestions for further mitigation measures.
Redeveloped our annual onsite inspection assessment to include additional criteria focused on climate-related resilience and identification of strategic renovation projects. Through enhanced inspections, we strive to improve on measures such as flood prevention, storm preparedness, energy and water management, emergency preparedness, and occupant safety.
Implemented a climate risk dashboard that identifies acute and chronic climate-related physical and transition risks across new developments and our existing portfolio. Gables will use this to help develop resilience plans and mitigation measures.
Net Zero Commitment
In supporting our commitment to reaching net zero emissions by 2050, Gables formed a Net Zero Working Group comprised of senior leadership from Development, Asset Management, Facilities Management and the Sustainability team. In 2023, the working group created a strategic, cohesive plan that will guide our decarbonization actions over the coming years. This Net Zero Roadmap identifies the key business initiatives and projected timelines for actions, and it will function as a living document that is continually reviewed, assessed and revised as new technologies emerge and business priorities adjust.
Key focus areas include the following:
Corporate Planning
Carbon Measurement
New Development
Major Capital Projects and Renovations
Energy Efficiency and Conservation
Building Electrification
On-Site Renewable
Off-Site Renewable Energy Strategies
Stakeholder Engagement
GABLES WATER STREET IRVING, TX
Green Building Certifications
Gables pursues green building certifications to meet our internal requirements for new developments and showcase the operations and living environments of stabilized communities. New developments must, at minimum, receive Fitwel certification and at least one third-party green building certification that meets Gables internal development standards.
Environmental Performance
Emissions
Goal: Reduce portfolio-wide greenhouse gas emissions by 20% by 2030 compared to a 2019 baseline.
As of year-end 2023, Gables reduced CO2 emissions by 13.87% and is ahead of our target. Over 50% of Gables communities had reached or exceeded our 2030 emissions goal. Our ongoing focus on energy efficiency and operational best practices has resulted in continual progress toward reducing scope 1 and scope 2 emissions from ownercontrolled operations.
Energy
Goal: Reduce portfolio-wide energy usage by 20% by 2030 compared to a 2019 baseline.
Through 2023, Gables reduced energy use by 9.53%, with 69% of Gables communities meeting and exceeding the 2023 milestone and 38% meeting and surpassing the 2030 goal. We maintain steady progress by investing in system upgrades and closely monitoring performance across our communities. Enhancing our communities’ lighting, building controls and sensors has contributed to improved energy performance, appearance, comfort and utility expense management. We also utilize a third-party utility management dashboard to support monthly reporting and drive our onsite teams’ efforts to optimize operations.
Our commitment to community performance and resident wellbeing necessitates rigorous data tracking, transparent progress reporting and iterative improvements that put us on the path to achieving our targets.
Emissions
Like-For-Like (Metric Tons (Mt))
Water
Goal: Reduce portfolio-wide water consumption by 10% by 2030 compared to the 2019 baseline.
Aided by plumbing fixture upgrades and enhanced usage reporting and management, Gables reduced our water consumption in 2023 by more than 10 million gallons compared to the previous year. We implemented a thirdparty management dashboard that enabled monthly reporting and improved feedback protocols with our onsite teams. Using water-audit results, Gables also developed a portfolio-wide plan to further scale up retrofit efforts and establish a budget to reduce water consumption by 2030.
Waste
Goal: Increase the apartment-home-level recycling rate by 10% by 2030 compared to a 2019 baseline.
Gables measures recycling performance based on pounds of material per apartment home per year. In 2023, recycling collections were 4.79% higher than baseline. We remain ahead of our milestone target towards achieving our 2030 goal, despite 2023’s performance dropping slightly compared to the year prior due to adjustments in recycling collections at a few communities. Resident engagement and education are areas of focus as Gables remains committed to increasing waste diversion and reducing contamination.
Energy
Like-For-Like (One Million British Thermal Units (MBtu))
Water
Like-For-Like (Kilogallons (Kgal))
Waste
Like-For-Like Recycled Materials (Lbs/Apartment Home (AH))
* Like-for-like includes comparing the performance of properties only after one full year of stabilized operations, has a minimum of 24 months of complete data, and was owned and operational for the period ending December 31, 2023. Data coverage for energy and GHG emissions is landlord-controlled energy use. The water and waste data coverage represents the whole site, including landlord-controlled and tenant-controlled areas.The performance data is collected by a third-party consultant and undergoes third-party assurance. Gables is not responsible for errors and omissions.
Renewable Energy Goal
In 2023, Gables purchased sufficient U.S. based, green-E certified renewable energy credits (RECs) to cover 81% of all common area electricity consumption across our portfolio.
Gables continues to pursue solar energy projects at our communities where financially and logistically practical. This supports efforts to improve operations, enhance community resiliency and reduce emissions intensity.
Three of our recent development projects have installed PV solar arrays that power portions of common area electric usage:
THE ASHLEY GABLES BUCKHEAD
29KW SYSTEM GENERATING 42,000 kWh/year
SINCE 2019
GABLES VININGS VILLAGE
93KW SYSTEM GENERATING 137,000 kWh/year
SINCE 2023
GABLES UNION MARKET
33KW SYSTEM GENERATING 36,000 kWh/year
SINCE EARLY 2024
Two California communities recently installed PV solar systems atop new carport structures. At both communities, the solar systems are designed to cover approximately 65% of their respective community’s total electricity consumption, including common areas, apartment homes and EV charging stations.
GABLES OAK CREEK
461KW SYSTEM ESTIMATED TO GENERATE
691,000 kWh/year
STARTING MID 2024
GABLES ALTA MURRIETA
456KW SYSTEM ESTIMATED TO GENERATE
687,000 kWh/year
STARTING MID 2024
GABLES VININGS VILLAGE ATLANTA, GA
GABLES OAK CREEK WILDOMAR, CA
CRIMSON HOUSTON, TX
Strong Organizational Culture
Gables inspires our associates with purposeful and engaging work. Recognizing that our success is deeply linked to the satisfaction and fulfillment of Gables associates, we create a work environment where associates can be creative and innovative. Our achievements reflect a commitment to the wellbeing and personal development of our associates. Since 2017, Gables has been recognized by Multifamily Leadership as a Best Places to Work in Multifamily and has ranked in the top two for the past three years.
Associate Health & Wellbeing
Competitive Benefits Package to care for our associates’ mental, physical and financial wellbeing.
Because associates are the cornerstone of our company, Gables ensures that our team members have a competitive benefits package, ample resources for personal and career development, and effective engagement outlets to share their opinions and connect with one another.
PHYSICAL HEALTH
Comprehensive health care coverage
24/7 access to telehealth physicians
Open access to community fitness centers
Fit4Funds wellness program membership
MENTAL HEALTH
Sick and personal days
Vacation time that increases with every five years of employment
Six-week paid sabbatical after ten years of service, and every five years thereafter
FINANCIAL HEALTH
Employer-matched 401(k) plan
Life insurance
Short- and long-term disability benefits
Resources for Career Development and Personal Wellbeing to promote fulfillment at work and at home.
Actionable Engagement allowing associates to provide feedback, support peers and connect with the company.
24/7 access to employee assistance program
$1,000 reimbursement for continuing education fees, after one year of employment
Access to news, insights and highlights on our company intranet, GablesNET
Opportunity to highlight marketable skillsets and take greater control of career advancement through companywide platform, Career Hub
Ideas and insights to improve the sustainability of everyday life through the #EverydayGreen initiative
Our Forever Great Scholarship offering financial support to associates and their children pursuing undergraduate or vocational degree programs
Discounted associate housing within Gables communities
Frequent wellness communications
Speaker Series of renowned professionals sharing on topics such as mental wellbeing and overcoming challenges
Associate-sponsored Sunshine Fund available for associates experiencing hardship
An email process to raise any workplace questions or concerns
Frequent associate surveys for Gables to make iterative improvements in accordance with associate feedback
GablesNET enables convenient sharing of helpful resources, company highlights and associate stories
Screensavers for all associate computers display insightful information on sustainable living, social wellness and company goals
Gables GR8 News keeps associates up to date on company achievements and successes
Friday Feature highlights stories and interesting facts about individual associates
At Gables, we understand that recognition goes hand-inhand with associates’ wellness. To ensure our associates feel valued for their stellar contributions and seen for their unique differences, Gables embraces celebratory events and programs.
OVATIONS
Ovations is our online rewards program, which allows supervisors and peers to recognize associates for demonstrated excellence in various business and leadership capacities. Associates can also earn recognition through participation in wellness programs, such as Fit4Funds. Recognition translates to points, which can be traded in for rewards like paid time off, merchandise or sponsored trips.
Each of our regions hosts two inperson Ovations Day Celebrations each year to foster team bonding and celebrate achievement.
Training & Development
Hiring
&
Promotion Practices
AUTHENTIC AUTHORS
Authentic Authors is an empowering storytelling platform that invites associates to reflect on and share how their personal or cultural backgrounds have impacted their lives. Authentic Authors create a safe space for associates to be themselves, learn from one another and connect on a deeper level.
From onboarding to focused leadership training, Gables has designed an approach to career development that aims to set all associates up for success.
ONBOARDING TRAINING
New associates receive a comprehensive onboarding workbook and participate in required progress check-ins to ensure streamlined success through orientation, compliance and jobspecific training.
MENTOR PROGRAM
Senior associates serve as 1:1 Success Coaches to help guide an associate’s skill development.
LEADERSHIP PROGRAM
5-month series of in-person training to strengthen managerial and strategic thinking skills.
GABLES LEADERSHIP INSTITUTE
Application-only development program designed to shape senior managers into company leaders.
CAREER HUB
An empowerment platform allowing all associates to highlight their skills, competencies and experiences to help align themselves with open job opportunities and take greater control of their career trajectory.
In 2023, Gables instituted a refreshed set of processes to continue our focus on promoting greater balance across hiring and promotion strategies:
Review all candidates within three business days to ensure a timely response and retain candidate engagement
Follow our inclusivity programming
Align HR and related platforms for inclusive follow-up, notation and database building
Maintain partnerships with technology and other related trade schools to generate a larger applicant pool
Recognize and welcome new hires and promotions through our On the Move program and company intranet
Focused on developing high-performing teams that best meet our business objectives and community needs, Gables has cultivated a workforce that is representative of the communities we serve.
Represented
A critical element to our associate engagement is Gables dedicated team, Represented, which has associate representation from across all our regions and is focused on continued promotion and growth of our company culture.
Supportive Programs
At Gables, we welcome opportunities that strengthen our teams and enhance our community ties.
Hiring, recruiting and developing talent through expanding reach and intentional inclusion.
Increasing opportunities for frequency of engagement with and feedback from our associates.
Urban Alliance connects high school students to paid internship opportunities. In 2023, Gables D.C. metro market hosted three interns who supported our service/ maintenance and sales/ leasing teams.
Entryway, formerly Shelters 2 Shutters, uplifts individuals out of situational homelessness by pairing them with housing and promising career opportunities. Gables has been partnered with the program since 2020 and continues with ongoing support as appropriate.
Connecting With Residents
Gables strives to elevate building spaces into apartment homes where residents feel a shared sense of community. This requires continual cultivation of meaningful connections with residents so that we can facilitate a welcoming environment for residents to live, work and play through authentic lifestyle experiences.
Community Events
Gables fosters community engagement by facilitating a suite of onsite events that bring our residents together, creating a sense of inclusivity for all.
Communication Channels
Sustainability Consultants Development
Our communication tools are designed to be easy to use and to make us highly accessible to the residents we serve.
Resident Net Promoter Score*
Conceives investment opportunities and stewards projects through completion.
NEW WEBSITE
Programs & Services
Gables incorporates programs and services that enable modern living, promote a sense of community and create a welcoming atmosphere.
PAWS TO CARE PROGRAM
Gables goes above and beyond to create a pet-friendly atmosphere in our communities. In addition to location-specific features and services — such as dog parks and dog spas — our Paws to Care program offers pet-centered events, contests and giveaways to celebrate residents’ pets and promote community through shared love of animals.
Talent
Outreach
Facilities Management Team Design Team
This score reflects residents’ willingness to promote Gables to family, friends and peers. Set on a scale from -100 to 100, anything above 50 is considered excellent.
Incorporates elements relevant to community positioning.
In 2023, we launched a new website to offer the latest digital experiences as well as greater flexibility and more engagement opportunities for our prospects, residents, investors and community at large. Through its intuitive interface, the new website promotes Gables and our communities with greater efficiency, improved speed and a broader scale of features pertinent to prospective residents.
Ensures developments are economical to maintain long term.
RESIDENT NEWSLETTER
This monthly publication for our residents aims to foster community pride and promote active living. Slightly modified across our communities, the resident newsletter shares cultural awareness, lifestyle insights and recent company achievements.
Oversees project construction to ensure communities incorporate all design specifications. Construction Team
RESIDENT SATISFACTION SURVEY
Resident satisfaction surveys offer our residents opportunities to express their satisfaction with their Gables experience and provide feedback to help shape our continued improvement. The survey includes a net promoter score, a benchmark metric Gables uses to evaluate our customer service performance.
BOX PROGRAM
Hiring, recruiting and developing talent through expanding reach and intentional inclusion.
Increasing opportunities for frequency of engagement with and feedback from our associates.
Gables received the award for ‘Most Innovative Pet Marketing Campaign’ at the 2023 AIM Pet Awards, reflecting our dedication to residents and their pets.
Recognizing that cardboard boxes are a necessity for most residents during the moving experience, Gables implemented our Box Program as a way for newly settled residents to pass along their unneeded cardboard boxes so that others may use them in place of buying new materials. This supports our efforts to reduce waste through extended material usership and drive community through reciprocity.
Marketing
Sharing messaging in multiple languages and varied designs to reach a broader cultural audience.
EV CHARGING
Gables continues to accelerate our adoption of EV charging infrastructure to satisfy residents’ lifestyle preferences. As of the end of 2023, 81% of Gables communities had EV charging stations installed. This electrification effort provides residents with exceptional living options and supports cleaner air quality in our local neighborhoods.
2023 AIM PET AWARDS
Community Spotlight: Gables Villa
Rosa*
Gables Villa Rosa in Dallas, Texas, is undergoing a significant, multiyear renovation project that in 2023 delivered a fully redesigned common area and converted approximately 16,000 square feet of retail space into 16 unique apartment homes. The ongoing renovation will impact remaining apartment homes, enabling this iconic community in Uptown Dallas to honor its history while offering amenities and design that meet today’s resident lifestyles.
Creating a Useful & Inviting Space for Residents
Through removal of dated design elements, the common area renovation resulted in an awe-inspiring open design that provides residents the flexibility to live, work and play.
Open concept workspace lounges provide residents with work-from-home options
Redesigned game room
State-of-the-art golf simulator in a spacious room designed for socializing
Updated catering kitchen with many individual spaces for entertaining and dining
Luxurious “living room” for relaxing and socializing
Ride-share waiting area
Renovated Apartment Homes for Inspired Living
The renovated apartment homes offer appealing lifestyle elements.
New ENERGY STAR appliances
New cabinetry in kitchens and bathrooms
New hard surface flooring
Lighter color schemes
New apartment homes in former retail space offer unique features such as twoand three-story atrium areas.
Being Mindful of Materials
We carefully selected materials to ensure the renovated space was visually pleasing and comfortable while considering our sustainability principles. This required considerations of materials’ aesthetics, functionality and durability.
Felt drapes and beams are stylish and absorb sound well, enhancing the space’s acoustics
Dimmable LED lighting within iron rod fixtures improves energy efficiency and contributes to the area’s thematic feel
Recycled content was prioritized in flooring and material selection
Pre-renovation furniture was sold to residents to prolong usership instead of resorting to landfill
* Asset was selected for case study based on its ESG certifications and features. Not all assets in portfolio include any or all of these ESG elements.
GABLES VILLA ROSA DALLAS, TX
GABLES VILLA ROSA DALLAS, TX
Good Corporate Citizen
Gables Day
Gables is driven to make positive contributions to the neighborhoods we serve and to the multifamily industry to which we belong. Highlighting our commitment to excellence and service, Gables received a Community Impact Award at the 2023 Multifamily Innovation Summit .
Building team cohesion through community service, Gables Day is an all-day activity offering associates time to work together on projects that positively impact our local neighborhoods. Each Gables region selects its own local service project.
PROVIDING FOR PEOPLE
Associates volunteered time at local centers associated with Feeding America, a nonprofit with a nationwide network of food banks and a mission of ending hunger in the U.S.
Feeding South Florida
PEMBROKE PARK, FL
St. Mary’s Food Bank PHOENIX, AZ
BEAUTIFYING THE GROUNDS
Associates supported organizations close to their respective offices by renovating spaces, helping with upkeep and stylizing the surroundings.
Mildred Avenue School
MATTAPAN, MA
Safehouse — Transitional Living Programs
RIVERSIDE, CA
Catholic Charities HOUSTON, TX
Moore Exotic Animal Ranch
RIVERVIEW, FL
TENDING TO PARKS
Associates contributed to the upkeep of nearby parks and conservancies by helping with landscaping, maintenance and beautification.
Peace Park Conservancy
AUSTIN, TX
City Park — Denver Parks & Recreation DENVER, CO
Anacostia Park
WASHINGTON D.C.
Bachman Lake Project DALLAS, TX
Piedmont Park
ATLANTA, GA
Gables Honors
Gables Honors is our programmatic approach to celebrating culture and history. Our recognition enables us to respect the hard work and sacrifice of those who came before us and to appreciate the opportunities we share to shape a better future.
Communications on Sustainability
We utilize various social media platforms to share stories, showcase inspiring ideas and provide actionable advice to encourage people to reflect on their consumer habits and incorporate more sustainable practices into everyday life. Through these channels, we also highlight our significant achievements and initiatives and promote engagement on topics such as eco-friendly living and cultural awareness.
Supply Chain Management
Gables actively works to build and maintain a resilient supply chain. After assessing our supplier landscape in 2022, we facilitated panel discussions with qualifying vendors in 2023 on the opportunities and benefits of becoming DEI certified. Additionally, we collaborated with the National Multifamily Housing Council (NMHC) and our vendor compliance software partner to develop a suite of beneficial vendor management products for multifamily developers like Gables to use for sourcing vendors and verifying their certification status.
Selected Industry Leadership
Gables senior leadership embraces the responsibility of being industry leaders by actively participating in organizations and conferences that aim to uplift the entire multifamily sector.
SUE ANSEL
PRESIDENT & CHIEF EXECUTIVE OFFICER
NMHC Board of Directors — Past Chairwoman & Executive Committee Member
The Real Estate Council, Dallas, TX — Past Chairwoman & Member
Urban Land Insitute — Member
Harvard Joint Center for Housing Studies, Policy Advisory Board — Member
DePauw University — Board of Trustees & Executive Committee Member
CHARLES ELLIOTT
EVP & CHIEF INVESTMENT OFFICER
NAHB Multifamily Leadership Board
Zell-Lurie Real Estate Center at Wharton — Member, University of Pennsylvania
GIGI GIANNONI
SVP MARKETING & CX
MFE Member — Women of Influence
NMHC Marketing Committee — Member
NAA Agnostic Tech — Speaker
Real Estate Technology Conference (RETCON)
— Speaker
WILL GOSNELL
VP INTERNAL AUDIT
NAA PAC Ambassadors Committee
Institute of Internal Auditors (IIA)
— Atlanta Board of Governors & Chief Audit
Executive Roundtable
Harvard Joint Center for Housing Studies, Policy Advisory Board — Member
MATT BEARDEN
SVP CONSTRUCTION
NMHC Construction & Design Committee — Member
BUILT National — Board Member
BUILT National Multifamily Summit — Speaker
JAMES HAMRICK
SVP INFORMATION TECHNOLOGY
NMHC Enterprise Technology & Business Intelligence Committee — Chair
Georgia CIO — Member
InspireCIO Next Generation Leadership Program — Mentor
MARY HOLLANDS
SVP THIRD-PARTY OPERATIONS
2023 Atlanta Apartment Association
Board of Directors — Member
DAWN SEVERT
Sustainability Advisory Council
Our Sustainability Advisory Council (SAC) continues to be a primary driving force for company-wide environmental action. Composed of five subcommittees and made up of associates from across all departments, the SAC brings together diverse perspectives for a united approach to integrating environmental strategies and advancing initiatives.
Resident Engagement implements new resident programming and develops communication plans to share with residents the what and why behind Gables environmental initiatives.
Associate Engagement examines opportunities to enhance current associate communications and develops new ways of educating our associates on the value of our green efforts.
Energy Management explores property- and portfolio-level strategies to reduce our energy usage.
Water Conservation focuses on initiatives to reduce water consumption.
New Development incorporates sustainability best practices across design and construction operations.
Policies
Our company-wide policies outline standard operating procedures and set expectations for associates to follow. All policies are readily accessible to all associates, and there are additional avenues for sourcing answers should an associate ever have a question about an appropriate course of action.
Information Technology & Cybersecurity
Through ongoing training and iterative improvements to our IT and cybersecurity programs, Gables continually advances our security position.
Corporate
Governance
Bribery and Corruption
Data Protection and Privacy
Information Technology Security
Fiduciary Duty
Fraud
Open Communication Policy
Political Contributions
Shareholder Rights
Vendor Compliance
Whistleblower Protection
Cybersecurity
2023 advancements included the following:
Implementation of a Security Information and Event Monitoring System, coupled with 24/7 managed security, enabled swifter detection of security incidents and greater visibility into simultaneous attacks across multiple devices. This helped Gables reduce vulnerabilities by 72% in 2023.
Enhanced training courses and phish testing for associates’ cybersecurity education created greater engagement through gamification techniques.
Introduction of a new backup system with improved ability to recover from Ransomware attacks and protect key cloud systems.
Sustainability
Biodiversity and Habitat
Building Materials
GHG Management Plan
Indoor Air Quality
Integrated Pest Control
New Development
Sustainability Initiatives
Net Zero
Refrigerant Management
Sustainable Procurement
Waste Management
Water Management
Energy Management
Green Cleaning
Resilience
Climate Change Adaptation
Emergency Response Plan
Flu and Similar Contagious Diseases
General Safety
Hurricane/Tornado Preparedness
Inclement Weather
Maintenance Emergencies
Mass Communication
Resilience – Protecting
Asset Value and Preventing
Disruption to Business
GABLES METROPOLITAN UPTOWN HOUSTON, TX
SDGs in Action
Gables business operations align with eight of the 17 U.N. Sustainable Development Goals (SDGs), which were established in 2015 to help facilitate the global development of more sustainable societies by 2030. While the world is not on track to meet the 2030 SDGs, Gables is proud of our organizational progress and of the momentum we carry toward delivering evermore sustainable services.
SDG & DESCRIPTION CATEGORY ACTION PROGRESS
Ensure healthy lives and promote wellbeing for all at all ages.
Achieve gender equality and empower all women and girls.
Health Provides best-in-class associate health and wellness benefits plans and programs
Health Manages indoor environmental quality at communities through indoor air quality management practices, smoke fee policies, building material selections and green cleaning policies
Health Promotes active lifestyles for residents by incorporating amenities, fitness center, swimming pools, and active design elements in communities
Health Report “Walk and Bike Scores” on Gables.com and in our annual corporate citizenship report
Certification Participates with eight certified Fitwel communities, and all new developments pursue Fitwel Design certification
Diversity, Gender, Equality Assess job profiles to ensure recruitment of a diverse field of candidates for all openings
Diversity, Gender, Equality Analyze compensation levels (by gender and race) for each position in each region
Diversity, Gender, Equality All associates to undergo training on unconscious bias
Diversity, Gender, Equality Partner with outside consultant to expand awareness of diversity, equity and inclusion
Ensure availability and sustainable management of water and sanitation for all.
Ensure access to affordable, reliable, sustainable and modern energy for all.
Water Set 2030 water goal, with actionable plans to increase wateruse efficiency through retrofits. Goal: Reduce water use by 10% by 2030, compared to 2019 levels.
COMPLETE AND ONGOING
COMPLETE AND ONGOING
COMPLETE AND ONGOING
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.
Certifications Establish goal of 100% of new developments earning green building certifications COMPLETE
Resilient Building Design In 2023, adopted a new resilience screening tool for early 2024 implementation to assist with evaluating resilience during design and construction. IN PROCESS
Risk Monitoring A new resilience screening tool was adopted at the end of 2023 for implementation in early 2024 to assist risk monitoring COMPLETE AND ONGOING
Energy and Water In 2023, piloted a building management system for high-rise communities COMPLETE AND ONGOING
Education Stay involved in industry organizations and support research to foster innovation ONGOING
Make cities and human settlements inclusive, safe, resilient, and sustainable
COMPLETE AND ONGOING
COMPLETE AND ONGOING
COMPLETE AND ONGOING
COMPLETE AND ONGOING
COMPLETE AND ONGOING
COMPLETE AND ONGOING
Water Set guidelines for plumbing fixture flow rates in new developments COMPLETE
Reporting Generate 100% water data coverage across the portfolio for analysis COMPLETE
Energy Set 2030 energy and GHG emissions goal. Goal: Reduce common area energy use and GHG emissions by 20% by 2030, compared to 2019 levels.
Renewable Energy Set 2030 renewable energy goal. Goal: Increase renewable energy use by 50% by 2030, compared to 2019 levels. COMPLETE
Renewable Energy Set policy to conduct renewable energy feasibility study for all new developments COMPLETE
Renewable Energy Completed portfolio-wide solar feasibility study in 2023 COMPLETE AND ONGOING
Certifications Prioritize ENERGY STAR certifications: Gables certified 21 communities with ENERGY STAR in 2023 COMPLETE AND ONGOING
Ensure sustainable consumption and production patterns.
Housing Affordability Study rent-to-income ratios to evaluate housing affordability COMPLETE AND ONGOING
Risk Monitoring Invest in safety measures at all communities to ensure access to safe housing ONGOING
Alternative Transportation Locate communities convenient to public transit and emphasize walkability, bikeability ONGOING
Sustainable Development Focus development in urban areas, enhancing sustainable urbanization ONGOING
Alternative Transportation Increase electric vehicle charging infrastructure throughout the portfolio. ONGOING
Community Involvement Encourage Gables associates to volunteer annually to support local nonprofits and community ONGOING
Policy Set sustainable procurement guidelines for offices and CapEx projects COMPLETE
Reporting Publish an annual corporate citizenship report COMPLETE AND ONGOING
Waste Set 2030 waste goal. Goal: Increase recycling in apartment homes by 10% by 2030, compared to 2019 levels. COMPLETE
Waste Generate 100% waste data coverage across the portfolio for analysis COMPLETE AND ONGOING
Waste Add new material collection types (glass) to recycling programs ONGOING
Waste Plan use of construction materials to use fewer materials, minimize waste ONGOING
Waste Maintain a construction waste diversion program for new developments COMPLETE
Education Educate associates on reducing energy, water and waste in communities and offices ONGOING
Education Promote recycling to residents through social media, other communications ONGOING
Education Educate residents on how to live more sustainably through social media, lease language, events ONGOING
Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.
Biodiversity Protect biodiversity and habitats during construction and major renovation projects ONGOING
Biodiversity Include pollinator plants in all new landscape installations (for both new, existing communities) ONGOING
Biodiversity Work with local nonprofits to relocate beehives when found in inappropriate locations ONGOING
Strong Partnerships
GRESB
GRESB is a leading assessment and benchmarking tool for ESG performance of real estate assets, providing investors with standardized data and participating companies with understanding of their peer ranking. Gables has participated in GRESB assessments since 2012.
USGBC
The USGBC founded LEED (Leadership in Energy and Environmental Design), which has become a world-renowned certification program for green buildings and communities worldwide. Gables is a USGBC member and implements LEED certification frameworks into new development design and construction.
SOUTHFACE INSTITUTE
Southface is a nonprofit organization that offers programs, services and training to promote sustainable homes, workplaces and communities. As an institute member, Gables utilizes the Southface EarthCraft certification program when designing and building communities in the southeastern U.S.
BETTER BUILDINGS INITIATIVE
Better Buildings is an initiative through the U.S. Department of Energy (DOE) that focuses on accelerating investment in energy-efficient technologies and advancing best energy management practices in the built environment. Gables has been a member of the Better Building Alliance since 2017, demonstrating our commitment to corporate responsibility and service excellence.
IREM
IREM functions as a professional society that promotes learning, certifications and networking to support companies and real estate professionals with addressing some of the industry’s greatest challenges. As of the end of 2023, over 70% of Gables communities had recognition as an IREM Certified Sustainable Property.
SUSTAINABLE DEVELOPMENT GOALS
All United Nations members adopted the 17 Sustainable Development Goals in 2015 with the intention of using them as a blueprint to create peace and prosperity for people and planet. Gables focuses on advancing a subset of eight SDGs that most align with our organization’s business operations.
Our ongoing partnerships and commitments to industryleading organizations help focus our efforts and fuel our success as we relentlessly strive to elevate our business while creating healthier and more sustainable multifamily communities.
ULI GREENPRINT CENTER FOR BUILDING PERFORMANCE
ULI Greenprint is a worldwide alliance of leading real estate owners, investors and strategic partners with the shared commitment to significantly reduce portfolio-wide carbon emissions by 2030. Under the wing of our fund manager, Clarion Partners, Gables has engaged as a ULI Greenprint member since 2019.
FITWEL
Fitwel is a leading certification system dedicated to building health for all. Our commitment to developing and maintaining healthy communities supports the status of our fund manager, Clarion Partners, as a Fitwel Champion. By the end of 2023, Gables had eight Fitwel-certified communities.
ENERGY STAR
ENERGY STAR is administered by the Environmental Protection Agency and stands as the government-backed symbol for energy efficiency. In addition to prioritizing ENERGY STAR rated appliances and certifying eligible communities with the ENERGY STAR label, Gables leverages ENERGY STAR Portfolio Manager to track our communities’ GHG emissions and utility data, including energy, water and waste information.
VERDANI PARTNERS
Verdani Partners is a full-service ESG consulting firm focused on accelerating sustainability in the built environment. The firm provides extensive services to our fund manager, Clarion Partners, and supports the production of our annual Corporate Citizenship Report.
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD)
In January 2022, our fund manager, Clarion Partners, signed on as a supporter of the TCFD, joining organizations from around the world in demonstrating our commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures. Clarion’s framework for our climate-related risk disclosures is shaped by the TCFD recommendations.
UNITED NATIONS-SUPPORTED PRINCIPLES FOR RESPONSIBLE INVESTMENT
Our fund manager, Clarion Partners, reports annually on its ESG practices to the UNsupported Principles for Responsible Investment® (PRI). Our Gables portfolio and operations are integrated into Clarion’s reporting, which serves as a public-facing demonstration of the company’s commitment to responsible investing.
Data & Reporting Methodology
Recognizing the critical role quality data plays in driving performance improvement, Gables collects and assesses community-level data on energy, greenhouse gas emissions, water and waste. We utilize ENERGY STAR Portfolio Manager to manage data and sync with Measurabl’s Data Management System. After passing through our quality control process and receiving third-party verification from ISOS Group, Inc., the data is included in annual benchmarking and reporting initiatives, such as our GRESB submission and Corporate Citizenship Report.
For the detailed data assurance statement, we invite you to visit our website at Gables has 100% data coverage for water, waste and commonarea energy, and we are collecting whole-building energy data for most of our portfolio’s square footage. Strategic partnerships help facilitate this robust data collection.
gables.com/mission/sustainability
CRIMSON HOUSTON, TX
TCFD Index
Established by the Financial Stability Board in 2015, the TCFD seeks to enhance understanding of the sector’s exposure to climate risks and aid in better decision-making for investments, credit and insurance underwriting.
SECTION DISCLOSURE RESPONSE
1a. Governance
1b. Governance
Describe the board's oversight of climaterelated risks and opportunities.
Describe management's role in assessing and managing climaterelated risks and opportunities.
Gables Board of Directors is responsible for overseeing all business operations, including assessing climate-related risks and opportunities. The Board receives updates and reports from the Sustainability Advisory Council (SAC) regarding potential risks and opportunities and assesses the materiality of climate-related physical and transition risks. The SAC is comprised of senior leadership across all company departments to ensure a balanced perspective when advancing environmental action and evaluating potential climate-related risks.
Gables management takes an active role in assessing and managing climate-related risks and opportunities. In addition to the SAC (described in 1a), Gables maintains focused working groups that aim to drive business success by concentrating on specific sustainability efforts and initiatives. The Net Zero Working Group established a roadmap that will guide our decarbonization efforts across the organization in a way that accounts for climate-related opportunities and supports business success. The Resilience Working Group conducts climate risk assessments, the results of which are used to identify risks and opportunities to inform mitigation measures, policies and procedures. For all new developments, the Development team reviews a climate-related risk report and proposes mitigation measures for the project. This reporting is included in the investment memorandum approved by the Investment Committee.
The TCFD’s guidelines on climate-related financial disclosures revolve around four fundamental aspects of corporate operations: governance, strategy, risk management, and metrics and targets. This report outlines the recommended disclosures for each of these core elements.
SECTION DISCLOSURE RESPONSE
3a. Risk Management
Describe the organization's process for identifying and assessing climaterelated risks.
3b. Risk Management
Describe the organization's process for managing climaterelated risks.
Gables identifies and assesses climate-related transition and physical risks for existing assets utilizing the desktop portfolio-wide risk assessment and a third-party climate-risk screening tool (described in 2a).
Gables updated an annual on-site asset inspection, including climate-related risk areas. The results of the assessments and inspection reports are reviewed by operations leadership and asset management and will be used to inform capital expenditures. Gables tracks benchmarking and building energy performance standards to manage transition risks. Building energy, emissions, water and waste performance is tracked, and audits are scheduled for properties to identify improvement opportunities and cost savings and inform capital planning. The Development team and their consultants review risk-screening reports during due diligence for new developments, and mitigation measures are recommended. These measures are evaluated and incorporated into the project design and investment memo.
Our process for managing climate-related risks includes the following: a) Conducting asset-level risk assessments for the portfolio (refer to 3a); b) Reviewing and revising procedures and policies following assessments; c) Developing budgets and implementation plans for mitigation measures identified for existing assets during the assessment process.
2a. Strategy Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term.
Climate-related risks are evaluated at the asset level for the portfolio. In 2022, a Regional Risk Assessment covered physical climate risks, including billion-dollar weather events, climate disasters, wildfire risk, water supply risk, sea-level rise, flood risk and social risks. In 2023, Gables completed a desktop portfolio-wide climate risk assessment for existing properties. The assessment addressed factors including physical site and building conditions, resilient power and backup systems and capacity, emergency resources, health and safety, emergency planning, compliance with transition risk policy, energy sources, transportation, and insurance coverage. This assessment will be conducted every three years. The assessment’s results and our third-party climate risk screening tool implemented in 2023 will be used in a portfolio-wide gap analysis to identify procedures, policies and measures needed to reduce short-, medium- and long-term climate risk. The results of the analysis will be used to support annual, 5-year budget planning and Net Zero action plans.
3c. Risk Management
Describe how processes for identifying, assessing and managing climaterelated risks are integrated into the organization's overall risk management.
2b. Strategy Describe the impact of climaterelated risks and opportunities on the organization's business, strategy and financial planning.
2c. Strategy
Describe the resilience of the organization's strategy, taking into consideration different climaterelated scenarios, including a 2°C or lower scenario.
Gables continually focuses on ways to drive business success while incorporating our sustainability principles. The SAC, Net Zero Working Group and Resilience Working Group consider our climate-related transition and physical risks and opportunities when developing company-wide programs and initiatives. Our Environmental Management System (EMS) is aligned with IS0-14001, providing a tailored framework supporting our operations, financial planning and development efforts. Finally, Gables takes a proactive approach to enhancing our company's resilience to physical climate hazards. We prioritize adequate insurance coverage for our communities and portfolios, maintain well-coordinated Emergency Response Plans and educate our associates to quickly mobilize and deploy resources in anticipation of an extreme weather event or other potential disturbance.
Our strategy for climate-related risks is focused on evaluating and addressing transition and physical risks and opportunities for the portfolio. This includes review of current policies and creation of new policies and initiatives related to transitioning to a lower carbon economy and protecting assets from extreme weather events and chronic shifts in climate patterns. The strategy is adjusted over time to accommodate new goals, resources and information. In 2021, Gables adopted 2030 goals: reduce portfolio energy use and GHG emissions; and increase use of renewable energy. Gables also committed to ULI Greenprint Net Zero by 2050, in alignment with RCP 2.6. Gables developed a decarbonization roadmap in 2023 to meet this commitment. Gables is pursuing solar projects across the portfolio where feasible. All new developments are required to conduct feasibility studies for onsite renewable energy systems. In 2020, Gables incorporated resilience action items into our alignment with adopted UN Sustainable Development Goals and began reporting climate-related disclosures according to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Gables also engaged a third-party consultant to conduct a high-level assessment of the portfolio’s climate risk. A Regional Risk Assessment conducted in 2022 covered additional categories for physical climate risk and added social risk. In 2023, a desktop asset-level climate-related transition and physical risk assessment was conducted for the portfolio, and a new climate risk screening and reporting tool was implemented. These resources confirmed the portfolio’s known climate risks and will be used to inform our ongoing assessment of policies and procedures and capital planning.
4a. Metrics & Targets
4b. Metrics & Targets
Disclose the metrics used by the organization to assess climaterelated risks and opportunities in line with its strategy and risk management process.
Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions, and the related risks.
4c. Metrics & Targets
Describe the targets used by the organization to manage climaterelated risks and opportunities and performance against targets.
Our integrated process for identifying, assessing and managing transition risks is outlined in our EMS, TCFD Index and standard operating procedures. Gables adopted sustainability goals for 2030 and committed to ULI Greenprint Net Zero by 2050. The Net Zero Road Map was completed in 2023. 2030 Energy and GHG emissions goals include implementation plans with budget implications quantified and included in corporate financial planning. We evaluate the portfolio’s energy and GHG emissions performance annually to prioritize capital investments for energy efficiency measures in assets with energy and cost savings opportunities. Funds to cover these investments are earmarked in long-term budget plans. Gables utilizes a third-party energy procurement consultant to negotiate competitive energy rates and long-term contracts where available, resulting in optimized expenses for energy costs and minimizing the impacts of unexpected changes in energy costs. New development standards include best practices requirements and processes to identify and assess climate risk and incorporate measures to mitigate and manage those risks in the project design. For identifying, assessing and managing physical climate risks see 2a. Strategy.
Gables utilizes the risk results and scores from the regional risk assessment, desktop climate risk assessment, and the third-party risk screening tool to assess climate-related risks and opportunities. Please refer to the assessment resources in 2a for a description. Gables utilizes like-for-like metrics to assess greenhouse gas emissions, energy consumption, water usage and recycling rate. Additionally, Gables tracks the percentage of common-area electricity consumption covered by renewable energy credits (RECs). Gables also pursues green building certifications for all new developments and operational and ENERGY STAR certifications for existing communities to demonstrate our commitment to asset-level performance.
2023 Absolute GHG Emissions. Metrics disclosed in this report include Scope 1 and 2 owner-controlled emissions.
Scope 1: 4,418 MTCO2e
Scope 2: 16,975 MTCO2e
Gables has 2030 targets to reduce energy consumption, lower greenhouse gas emissions, decrease water usage, improve waste diversion and expand renewable energy generation. See target information on pages 24-26 of this report. In October 2021, Gables committed to the Urban Land Institute (ULI) Greenprint Center for Building Performance Net Zero Goal to reduce Scope 1 and 2 owner-controlled GHG emissions to net zero by 2050.
The Global Reporting Initiative (GRI) is an international nonprofit organization that provides universally recognized standards for reporting on an organization’s environmental, social and governance impact. GRI offers reporting principles, standard disclosures and an implementation manual to facilitate the preparation of sustainability reports.
Developed through collaborative input from multiple stakeholders, GRI has become the world’s most widely adopted standard for sustainability reporting. Thousands of organizations, including the top 250 corporations globally, report annually. This widespread adoption enables governments, businesses and individuals to make decisions based on consistent reporting of environmental, social, economic and governance information.
GRESB Reporting
Since 2012, Gables has participated in the GRESB Real Estate Assessment. Presented below is our past performance for both stabilized and development portfolios. Gables sustainability performance is reflected in the 2023 GRESB Assessment which compares favorably to its peers. For stabilized assets, Gables earned a five-star rating and ranks 5th out of 40 for U.S. Non-Listed Residential Operators with an index score of 88. For development assets, Gables earned a four-star rating and ranks 2nd out of 14 for U.S. Non-Listed Residential Operators with an index score of 93.
Gables GRESB
GABLES TOWN PLACE BOCA RATON,
Green Building Certification Disclosures
Industry awards, ratings, and certifications described below are provided by third parties, which may receive submission or membership fees or project registration and certification fees in connection with these awards, ratings, and certification programs. Please see the table below for more information on programs referenced in our 2023 Corporate Citizenship Report. Data
is as of December 31, 2023
Properties
Portfolio or Fund Level Rating Program Disclosures
Data below is as of December 31, 2023
U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.
Certifications are issued on a rolling basis and last in perpetuity for individual properties.
range from Bronze to Emerald level for individual properties.
Certifications are issued on a rolling basis and are valid for one year. Properties must re-certify to maintain certification standing.
Properties
GRESB Fund participated
Principles of Responsible Investment (UNPRI)
Properties
Properties must pay certification fees to pursue a National Green Building
There is no fee to apply to earn an Energy Star Certification. EarthCraft Multifamily 5 Southface Institute
Certifications are issued on a rolling basis and last in perpetuity. Rankings range from Certified to Platinum level for individual properties.
Properties must pay registration and certification fees to pursue EarthCraft Austin Energy Green Building
Austin Energy Green Building Certifications are issued on a rolling basis and last in perpetuity. Rankings range from One to Three Stars for individual properties.
Florida Green Building Standard 2 Florida Green Building Coalition Certifications are issued at the time of building development and last in perpetuity. Rankings range from Bronze to Platinum level for individual properties
Properties must pay registration and certification fees to pursue Austin Energy Green Building Rating.
Properties must pay registration and certification fees to pursue Florida Green Building Standard certification.
Portfolio Level Industry Award Disclosures
CONTACT
Juliette Apicella, Director of Sustainability, japicella@gables.com
GablesResidential
@gables
gables_res
ATLANTA 3399 Peachtree Road NE Suite 600 Atlanta, GA 30326 404-923-5500
BOCA RATON
750 Park of Commerce Boulevard Suite 300 Boca Raton, FL 33487 561-997-9700
DENVER 101 University Boulevard Suite 240 Denver, CO 80206 720-616-6830
WASHINGTON, D.C. METRO
8300 Greensboro Drive Suite 650 McLean, VA 22102 703-918-2500
AUSTIN
7000 N. MoPac Expressway Suite 450 Austin, TX 78731 512-502-6000
DALLAS 3811 Turtle Creek Boulevard Suite 1500 Dallas, TX 75219 214-252-2600
HOUSTON 5847 San Felipe Suite 3250 Houston, TX 77057 713-784-4144
