**Exhibit 21.1**

**SCHEDULE OF SUBSIDIARIES OF GABLESRESIDENTIAL TRUST**

| **Subsidiary** | **Jurisdiction  of Organization**
**Other Names Under  Which        Subsidiary Does Business**Gables Realty Limited        PartnershipDelawareNoneGables GP, Inc.TexasNoneGables Residential Services,        Inc.        (formerly known as Central Apartment Management, Inc.)TexasGables Corporate AccomodationsH.G. Smithy CompanyDelawareNoneGables-Tennessee Properties,        LLCTennesseeNoneGables Central Construction,        Inc.TexasNoneGables East Construction, Inc.GeorgiaNoneGBP Services, Inc.FloridaNoneCandlewood Gen Par, Inc.GeorgiaNoneCandlewood-Indian Creek Limited        PartnershipGeorgiaNoneGables Realty GP, LLCTexasNoneGables Lions Head LimitedTexasNoneGables Rivercrest II LimitedTexasNoneGRT Villas Limited PartnershipTexasNoneMetropolitan Apartments VentureTexasNonePin Oak GreenTexasNonePin Oak Park ApartmentsTexasNoneState Thomas GP LLCDelawareNoneState Thomas LPTexasNoneBoca Place Associates, Ltd.FloridaNoneBoynton Beach I Limited        PartnershipFloridaNoneCM Bay AssociatesFloridaNoneHampton Lakes AssociatesFloridaNoneHampton Lakes II AssociatesFloridaNoneHampton Place Joint VentureFloridaNoneKings Colony Associates, Ltd.FloridaNoneMizner I Limited PartnershipFloridaNonePalma Vista LLCDelawareNoneSan Michele Joint VentureFloridaNoneSan Michele II LLCDelawareNoneSan Remo Limited PartnershipFloridaNoneTCRDAD Vinings at Boynton Beach        IIFloridaNoneTCRDAD Wellington Limited        PartnershipFloridaNoneTown Colony AssociatesFloridaNoneTown Colony II AssociatesFloridaNoneSQ 157-AB Limited PartnershipDistrict of        ColumbiaNoneGables Ambassador House LLCDistrict of        ColumbiaNoneVinings Realty Partners LLCFloridaNoneIPX Northside, LLCGeorgiaNone               |
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