GABLES RESIDENTIAL TRUST
S-3MEF, EX-23.2, 2000-09-18
REAL ESTATE INVESTMENT TRUSTS
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                                                                    Exhibit 23.1



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


     As independent public  accountants,  we hereby consent to the incorporation
by reference in this  registration  statement of our reports dated March 3, 2000
included (or incorporated by reference) in Gables Residential  Trust's Form 10-K
for the year ended  December 31, 1999 and to all references to our Firm included
in this registration statement.

/s/ Arthur Andersen LLP

ARTHUR ANDERSEN LLP

Atlanta, Georgia
September 18, 2000




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