SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1) 1
Gables Realty Limited Partnership
---------------------------------
(Name of Issuer)
Units of Limited Partnership Interest
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(Title of Class of Securities)
N/A
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(CUSIP Number)
1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
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CUSIP NO. n/a 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. Identification No. Of Above Person
Gables Residential Trust
58-2077868
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
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(b)
--------
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
26,301,923
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6 SHARED VOTING POWER
-0-
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7 SOLE DISPOSITIVE POWER
26,301,923
------------
8 SHARED DISPOSITIVE POWER
-0-
------------
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,301,923
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
80.31%
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12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP NO. n/a 13G Page 3 of 5 Pages
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Item 1 (a). Name of Issuer
Gables Realty Limited Partnership
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Item 1(b). Address of Issuers Principal Executive Offices
2859 Paces Ferry Road, Suite 1450, Atlanta, Georgia 30339
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Item 2(a). Name of Person Filing
Gables Residential Trust
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Item 2(b). Address of Principal Business Office or, if none, Residence
2859 Paces Ferry Road, Suite 1450, Atlanta, GA 30339
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Item 2(c). Citizenship
Maryland
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Item 2(d). Title of Class of Securities
Units of Limited Partnership Interest
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Item 2(e). CUSIP Number
n/a
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Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person is filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
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CUSIP NO. n/a 13G Page 4 of 5 Pages
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Item 4. Ownership
(a) Amount beneficially owned:
26,301,923
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(b) Percent of class:
80.31%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 26,301,923
----------
(ii) shared power to vote or to direct the vote -0-
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(iii) sole power to dispose or to direct the disposition of 26,301,923
----------
(iv) shared power to dispose or to direct the disposition of -0-
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Item 5. Ownership of Five Percent or Less of a Class
n/a
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
n/a
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Securities Being Reported on By the Parent Holding Company
n/a
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Item 8. Identification and Classification of Members of the Group
n/a
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Item 9. Notice of Dissolution of Group
n/a
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Item 10. Certification
n/a
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<PAGE>
CUSIP NO. n/a 13G Page 5 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
/s/ February 10, 1999
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Date
/s/ Marvin R. Banks, Jr.
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Signature
Marvin R. Banks, Jr., Chief Financial Officer
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Name/Title
