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EXHIBIT 25.2
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS A TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) X
-
WACHOVIA BANK, NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
22-1147033
(I.R.S. Employer
Identification No.)
301 SOUTH COLLEGE STREET, CHARLOTTE, NORTH CAROLINA 28288-0630
(Address of Principal Executive Offices) (Zip Code)
GABLES REALTY LIMITED PARTNERSHIP
(Name of Obligor)
DELAWARE 58-2077966
(State or other jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
777 YAMATO ROAD, SUITE 510 33431
BOCA, RATON, FL
(Address of Principal Executive Offices) (Zip Code)
SUBORDINATED DEBT SECURITIES
(Title of Indenture Securities)
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ITEM 1. GENERAL INFORMATION.
Furnish the following information as to the trustee:
(A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISORY AUTHORITY TO WHICH
IT IS SUBJECT:
Comptroller of the Currency, Washington, D.C.
Board of Governors of the Federal Reserve System, Richmond, VA 23219
Federal Deposit Insurance Corporation, Washington, D.C.
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
The Trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
ITEM 16. LISTS OF EXHIBITS.
Exhibit 1 Articles of Association of the Trustee as now in effect,
incorporated herein by reference (see Exhibit T-1 Registration
Number 333-47985).
Exhibit 2 No certificate of authority of the Trustee to commence
business is furnished this authority is contained in the
Articles of Association of the Trustee.
Exhibit 3 Copy of the authorization of the Trustee to exercise
corporate trust powers, incorporated herein by reference (see
Exhibit T-1 Registration Number 333-49145).
Exhibit 4 Copy of the existing By-Laws of the Trustee, as now in
effect, incorporated herein by reference (see Exhibit T-1
Registration Number 333-49145).
Exhibit 5 Not applicable.
Exhibit 6 The consent of the Trustee required by Section 321 (b) of
the Act, incorporated herein by reference (see Exhibit T-1
Registration Number 333-47985).
Exhibit 7 Report of Condition of Wachovia Bank, National Association
as of the close of business on June 30, 2003, published
pursuant to the law or the requirement of its supervising or
examining authority.
Exhibit 8 Not Applicable
Exhibit 9 Not Applicable
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, Wachovia Bank National Association organized and existing under the
laws of the United States, has duly caused this Statement of Eligibility to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
Town of Atlanta, and State of Georgia, on the 17th day of September, 2003.
WACHOVIA BANK, NATIONAL ASSOCIATION
BY: /s/ Eric J. Knoll
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NAME: ERIC J. KNOLL
ITLE: ASSISTANT VICE PRESIDENT
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EXHIBIT 7
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries of Wachovia Bank, N.A., at the
close of business on June 30, 2003, published in response to call made by
Comptroller of the Currency, under title 12, United States Code, Section 161.
Charter Number 1 Comptroller of the Currency.
STATEMENT OF RESOURCES AND LIABILITIES
ASSETS
THOUSAND OF DOLLARS
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Cash and balance due from depository institutions:
Noninterest-bearing balances and currency and coin................................... 14,108,000
Interest-bearing balances............................................................ 4,283,000
Securities:
Held-to-maturity securities (from Schedule RC-B, column A)........................... 0
Available-for-sale securities (from schedule RC-B, column D)......................... 70,107,000
Federal funds sold and securities purchased under agreements to resell.................... 0
Federal funds sold in domestic offices.................................................... 2,060,000
Securities purchased under agreements to resell........................................... 4,782,000
Loans and lease financing receivables (from Schedule RC-C):
Loan and leases held for sale........................................................ 10,391,000
Loan and leases, net of unearned income.............................................. 160,238,000
LESS: Allowance for loan and lease losses............................................ 2,655,000
LESS: Allocated transfer risk reserve................................................ 0
Loans and leases, net of unearned income and allowance (item.4.b misus 4.c).......... 157,583,000
Trading assets (from Schedule RC-D)....................................................... 26,931,000
Premises and fixed assets (including capitalized leases).................................. 3,823,000
Other real estate owned (from Schedule RC-M).............................................. 163,000
Investment in unconsolidated subsidiaries and associated companies (from Schedule RC-M)... 689,000
Customer's liability to this bank on acceptances outstanding.............................. 1,074,000
Intangible assets:
Goodwill............................................................................. 9,519,000
Other intangible assets (from Schedule RC-M).............................................. 1,608,000
Other assets (from Schedule RC-F)......................................................... 24,500,000
TOTAL ASSETS.......................................... 331,621,000
LIABILITIES
Deposits:
In domestic offices.................................................................. 195,313,000
Noninterest-bearing................................................................ 29,821,000
Interest-bearing................................................................... 165,492,000
In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, 11,457,000
part II).............................................................................
Noninterest-bearing................................................................ 21,000
Interest-bearing................................................................... 11,436,000
Federal funds purchased in domestic offices(2)............................................ 3,871,000
Securities sold under agreements to repurchase(3)......................................... 25,005,000
Trading liabilities(from Schedule RC-D)................................................... 20,648,000
Other borrowed money (includes mortgage indebtedness and obligations under Capitalized 19,665,000
leases)(from Schedule RC-M).............................................................
Bank's liability on acceptances executed and outstanding.................................. 1,078,000
Subordinated notes and debentures......................................................... 8,049,000
Other liabilities......................................................................... 13,250,000
TOTAL LIABILITIES......................................................................... 298,336,000
Minority Interest in consolidated subsidiaries............................................ 1,658,000
EQUITY CAPITAL
Perpetual preferred stock and related surplus........................................... 0
Common Stock.............................................................................. 455,000
Surplus................................................................................... 24,184,000
Retained Earnings......................................................................... 4,879,000
Accumulated other comprehensive income.................................................... 2,109,000
Other Equity Capital components........................................................... 0
TOTAL EQUITY.............................................................................. 31,627,000
TOTAL LIABILITIES AND EQUITY CAPITAL.................. 331,621,000
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