**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.TexasGables Corporate AccomodationsGables-Tennessee Properties,        L.L.C.TennesseeNoneGables Central Construction,        Inc.TexasNoneGables East Construction, Inc.GeorgiaNoneGBP Services, Inc.FloridaNoneCandlewood Gen Par, Inc.GeorgiaNoneCandlewood-Indian Creek Limited        PartnershipGeorgiaNoneGables Champions Limited        PartnershipTexasNoneGables Realty GP, LLCTexasNoneGables Lions Head LimitedTexasNoneGables Rivercrest II LimitedTexasNoneGRT Villas Limited PartnershipTexasNoneMetropolitan Apartments VentureTexasNonePin Oak GreenTexasNonePin Oak Park ApartmentsTexasNoneState Thomas GP LLCDelawareNoneState Thomas LPDelawareNoneBoca Place Associates, Ltd.FloridaNoneBoynton Beach I Limited        PartnershipFloridaNoneCM Bay AssociatesFloridaNoneGables Jupiter LLCDelawareNoneHampton Lakes AssociatesFloridaNoneHampton Lakes II AssociatesFloridaNoneHampton Place Joint VentureFloridaNoneKings Colony Associates, Ltd.FloridaNoneMizner I Limited PartnershipFloridaNoneNorthlake Boulevard, LLCDelawareNonePalma Vista LLCDelawareNoneSan Michele Joint VentureFloridaNoneSan Michele II LLCDelawareNoneSan Remo Limited PartnershipFloridaNoneTCRDAD Vinings at Boynton Beach        II Limited PartnershipFloridaNoneTCRDAD 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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