ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIES
Exhibit 21.1
Subsidiaries of Registrant
| 14SM TT Owner LLC | Delaware |
| ACREG 12151 Jefferson NL LLC | Delaware |
| ACREG 3100 South Mall NL LLC | Delaware |
| ACREG Barclay Square Investment LLC | Delaware |
| ACREG DLC Holdings LLC | Delaware |
| ACREG E66 PE I LLC | Delaware |
| ACREG Ellicott Investment LLC | Delaware |
| ACREG Grand Reserve Investment LLC | Delaware |
| ACREG Investment Acquisitions LLC | Delaware |
| ACREG Investment Holdings LLC | Delaware |
| ACREG MD PE I LLC | Delaware |
| ACREG Mid-Century Investment LLC | Delaware |
| ACREG MS Holdings LLC | Delaware |
| ACREG PA PE I LLC | Delaware |
| ACREG Pine Creek Investment LLC | Delaware |
| ACREG PT Holdings LLC | Delaware |
| ACREG SF PE I LLC | Delaware |
| ACREG SF PE II LLC | Delaware |
| ACREG Tops Holdings LLC | Delaware |
| ACREG Tops Investment LLC | Delaware |
| ACREG TTTX Investment LLC | Delaware |
| Amherst TK Owner LLC | Delaware |
| Annaly Commercial Real Estate Group, Inc. | Maryland |
| Annaly CRE FXD Holdings LLC | Delaware |
| Annaly CRE Holdings LLC | Delaware |
| Annaly CRE KL07 B Holder LLC | Delaware |
| Annaly CRE KLH1 B Holder LLC | Delaware |
| Annaly CRE KLSF B Holder LLC | Delaware |
| Annaly CRE L LLC | Delaware |
| Annaly CRE LLC | Delaware |
| Annaly CRE Sub 2015-1 LLC | Delaware |
| Annaly CRE Sub Holding 2014-FL1 LLC | Delaware |
| Annaly CRE Sub Holding Investor LLC | Delaware |
| Annaly CRE Sub Holding LLC | Delaware |
| Annaly CRE WF LLC | Delaware |
| Annaly CRE WF Parent LLC | Delaware |
| Annaly ESPC JVIA Investment LLC | Delaware |
| Annaly Funding LLC | Delaware |
| Annaly Funding TRS LLC | Delaware |
| Annaly Middle Market Lending LLC | Delaware |
| Annaly MML Funding LLC | Delaware |
| Annaly Net Lease Holdings LLC | Delaware |
| Annaly NVTS JVIB Investment LLC | Delaware |
| Barclay Square Owner LLC | Delaware |
| Barclay Square Venture LLC (90% owned subsidiary) | Delaware |
| Beach Improvements Owner LLC | Delaware |
| Cheektowaga TK Owner LLC | Delaware |
| Chillicothe TK Owner II LLC | Delaware |
| Chillicothe TK Owner LLC | Delaware |
| CHPHC Holding Company LLC | Delaware |
| CreXus AZ Holdings 1 LLC | Delaware |
| CreXuS NV Holdings 1 LLC | Delaware |
| CreXus S Holdings (Holding Co) LLC | Delaware |
| Cross Timbers TT Owner LLC | Delaware |
| Crossroads Improvements Owner LLC | Delaware |
| Ellicott Owner LLC | Delaware |
| Ellicott Venture LLC (93.7% owned subsidiary) | Delaware |
| Fayette Place Improvements Owner LLC | Delaware |
| Flower Mound TT Owner LLC | Delaware |
| Grand Reserve Borrower, LLC | Delaware |
| Grand Reserve Venture, LLC (75% owned subsidiary) | Delaware |
| Hatteras Financial Corp. | Maryland |
| Heritage Heights TT Owner LLC | Delaware |
| HG TT Owner LLC | Delaware |
| Highlands TT Owner LLC | Delaware |
| Irondequoit TK Owner LLC | Delaware |
| Jamestown TK Owner LLC | Delaware |
| Josey Oaks TT Owner LLC | Delaware |
| LeRoy TK Owner LLC | Delaware |
| Loganville TK Owner LLC | Delaware |
| Mahopac Improvements Owner LLC | Delaware |
| Mid-Century Holdings, LLC (84.15% owned subsidiary) | Delaware |
| Mid-Century Joint Member, LLC (85% owned subsidiary) | Delaware |
| Mid-Valley Improvements Owner LLC | Delaware |
| New Fund I GP LLC | Delaware |
| NLY 2014-FL1 Depositor LLC | Delaware |
| Onslow Bay Financial LLC | North Carolina |
| Onslow Bay Funding LLC | Delaware |
| Ontario TK Owner LLC | Delaware |
| Orchard Park TK Owner LLC | Delaware |
| Park West TT Owner LLC | Delaware |
| Penfield TK Owner LLC | Delaware |
| Pine Creek Owner LLC | Delaware |
| Pine Creek Venture LLC (90% owned subsidiary) | Delaware |
| Pingora Asset Management, LLC | Delaware |
| Pingora Holdings, L.P. | Delaware |
| Pingora Loan Servicing, LLC | Delaware |
| Pingora MSR JV I GP, LLC | Delaware |
| Pioneer Plaza TT Owner LLC | Delaware |
| RCap Securities, Inc. | Maryland |
| Shannon Funding LLC | Delaware |
| SS TT Owner LLC | Delaware |
| Suncreek Village TT Owner LLC | Delaware |
| TK11 Holdings LLC | Delaware |
| TK11 Venture LLC (90% owned subsidiary) | Delaware |
| Truman Insurance Company LLC | Missouri |
| TTTX Venture LLC (95% owned subsidiary) | Delaware |
| University Place Improvements Owner LLC | Delaware |
| Warsaw TK Owner LLC | Delaware |
| Wind River GP LLC | North Carolina |
| Wind River TRS LLC | Delaware |
