<ARTICLE>                     5
<LEGEND>
     THIS SCHEDULE  CONTAINS  SUMMARY  INFORMATION  EXTRACTED FROM THE FINANCIAL
     STATEMENTS OF GABLES REALTY LIMITED  PARTNERSHIP FOR THE THREE MONTHS ENDED
     MARCH 31,  2000 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
     FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                                          0001039797
<NAME>                                         Gables Realty Limited Partnership
<MULTIPLIER>                                   1,000

                                            
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   MAR-31-2000
<CASH>                                         10,379
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         1,606,354
<DEPRECIATION>                                 183,093
<TOTAL-ASSETS>                                 1,473,559
<CURRENT-LIABILITIES>                          0
<BONDS>                                        785,287
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     656,417
<TOTAL-LIABILITY-AND-EQUITY>                   1,473,559
<SALES>                                        0
<TOTAL-REVENUES>                               60,526
<CGS>                                          0
<TOTAL-COSTS>                                  34,215
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             11,286
<INCOME-PRETAX>                                15,025
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            15,025
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   11,504
<EPS-BASIC>                                  0.37
<EPS-DILUTED>                                  0.37