| | | | |
Name of Subsidiary | | State of Formation | | Other Names Used |
| 175 Remsen PE Investors, LLC | | Delaware | | |
| 175 Remsen PE Investors II, LLC | | Delaware | | |
| 990 Stewart Avenue Investors, LLC | | Delaware | | |
| 1805 Old Alabama Road, LLC | | Georgia | | |
| 1805 Old Alabama Road Manager, LLC | | Georgia | | |
| 7500 Bellair Mall LP | | Texas | | |
| AI-Hartford, LLC | | Delaware | | |
| AI-Neenah, LLC | | Delaware | | |
| AI-Two Rivers, LLC | | Delaware | | |
| Advenir@Promontory, LLC | | Florida | | |
| Amarillo Dunhill, LLC | | Delaware | | |
| Argyle Corridor Member, LLC | | Delaware | | |
| Ascot Park Member, LLC | | Delaware | | |
| Aslan Centerpoint, LLC | | Kentucky | | |
| Aslan Chalkville, LLC | | Kentucky | | |
| Aslan Terrace, LLC | | Kentucky | | |
| Aurora Lake Member, LLC | | Delaware | | |
| Autumn Grove Member, LLC | | Delaware | | |
| Bear Stearns ARM Trust 2005-9 | | Delaware | | |
| Bear Stearns ARM Trust 2005-7 | | Delaware | | |
| Belle Creek Member, LLC | | Delaware | | |
| Blackstone Member, LLC | | Delaware | | |
| Braden Lakes Member, LLC | | Delaware | | |
| Broadstone I Partner, LLC | | Delaware | | |
| Brook of Willows Member, LLC | | Delaware | | |
| Buckner-Beckley, L.L.C. | | Texas | | |
| Citigroup Mortgage Loan Trust 2005-11 | | Delaware | | |
| Collins West Member, LLC | | Delaware | | |
| Colonial Parc Apartments Arkansas, LLC | | Delaware | | |
| Colonial Parc Member, LLC | | Delaware | | |
| Copper Mill Member, LLC | | Delaware | | |
| Cornerstone Member, LLC | | Washington | | |
| Creekstone Member, LLC | | Delaware | | |
| Crestmont Member, LLC | | Delaware | | |
| Cumberland Member, LLC | | Delaware | | |
| CWABS Trust 2005 HYB9 | | Delaware | | |
| Desert Wind Member, LLC | | Delaware | | |
| Diversified Historic Investors III: | | | | |
| Lincoln Court Apartments Trust | | Pennsylvania | | |
| E Pointe Properties I, Ltd. | | Texas | | |
| Eagle Ridge Member, LLC | | Delaware | | |
| Emerald Bay Member, LLC | | Delaware | | |
| First Wyoming Plaza, LLC | | Illinois | | |
| Fourth & Plum, LLC | | Delaware | | |
| Fox Crest Member, LLC | | Delaware | | |
| Grand Terrace Member, LLC | | Delaware | | |
| Gulf Pointe Member, LLC | | Delaware | | |
| Heritage Trace Member, LLC | | Delaware | | |
| Hillwood Pointe Member, LLC | | Delaware | | |
| ICP 3400, LLC | | Delaware | | |
| JPG – Hartford, L.L.C. | | Delaware | | |
| JPG – Neenah, LLC | | Delaware | | |
| JPG – Two Rivers, L.L.C. | | Delaware | | |
| Las Vistas Member, LLC | | Delaware | | |
| Lee Member, LLC | | Delaware | | |
| | | | |
| Loma Vista Member, LLC | | Delaware | | |
| Mandalay Member, LLC | | Delaware | | |
| Merrill Lynch Mortgage Investors | | | | |
| Trust, Series 2005-A9 | | Delaware | | |
| Merrill Lynch Mortgage Backed | | | | |
| Securities Trust, Series MLMBS 2007-2 | | Delaware | | |
| Mountain Vista Member, LLC | | Delaware | | |
| NP Dunhill, Ltd. | | Texas | | |
| New Stonecrest Associates, L.P. | | Pennsylvania | | |
| New Stonecrest Preferred, LLC | | Delaware | | |
| Oyster Point Member, LLC | | Delaware | | |
| Palm Isle Member, LLC | | Delaware | | |
| Palms of Avalon Member, LLC | | Delaware | | |
| Park Heights Member, LLC | | Delaware | | |
| Penny Lane Member, LLC | | Delaware | | |
| PMZ – Hartford, L.L.C. | | Delaware | | |
| PMZ – Neenah, L.L.C. | | Delaware | | |
| PMZ – Two Rivers, LLC | | Delaware | | |
| PRG-RAIT Portfolio Member, LLC | | Delaware | | |
| Quito Village Associates, LLC | | Delaware | | |
| RAIT-401 Michigan, LLC | | Delaware | | |
| RAIT 500 Michigan, LLC | | Delaware | | |
| RAIT Amarillo, LLC | | Delaware | | |
| RAIT Aslan Centerpoint, LLC | | Delaware | | |
| RAIT Aslan Chalkville, LLC | | Delaware | | |
| RAIT Aslan Terrace, LLC | | Delaware | | |
| RAIT Asset Holdings, LLC | | Delaware | | |
| RAIT Atria, LLC | | Delaware | | |
| RAIT Braden Lakes, LLC | | Delaware | | |
| RAIT Broadstone, Inc. | | Delaware | | |
| RAIT Buckner, LLC | | Delaware | | |
| RAIT Capital Corp. | | Delaware | | Pinnacle Capital Group |
| RAIT Cornerstone, LLC | | Delaware | | |
| RAIT CRE CDO I, LLC | | Delaware | | |
| RAIT CRE CDO I, Ltd. | | Cayman Islands | | |
| RAIT CRE Holdings, LLC | | Delaware | | |
| RAIT-CVI III, LLC | | Delaware | | |
| RAIT-CVI III Belle Creek, LLC | | Delaware | | |
| RAIT-CVI IV, LLC | | Delaware | | |
| RAIT Emerald Pointe, Inc. | | Delaware | | |
| RAIT Enterprises, LLC | | Delaware | | |
| RAIT General, Inc. | | Maryland | | |
| RAIT-Hartford, L.L.C. | | Delaware | | |
| RAIT Limited, Inc. | | Maryland | | |
| RAIT Lincoln Court, LLC | | Delaware | | |
| RAIT McDowell, LLC | | Delaware | | |
| RAIT Milwaukee, LLC | | Delaware | | |
| RAIT-Neenah, L.L.C. | | Delaware | | |
| RAIT North Park, LLC | | Delaware | | |
| RAIT North Park Place, LLC | | Delaware | | |
| RAIT Old Alabama Road, LLC | | Georgia | | |
| RAIT Old Town Investor, LLC | | Delaware | | |
| RAIT Partnership, L.P. | | Delaware | | |
| RAIT-PRG Member, LLC | | Delaware | | |
| RAIT Preferred Funding II, Ltd. | | Cayman Islands | | |
| RAIT Preferred Funding II, LLC | | Delaware | | |
| RAIT Preferred Holdings I, LLC | | Delaware | | |
| RAIT Preferred Holdings II, LLC | | Delaware | | |
| | | | |
| RAIT Promontory Point, LLC | | Delaware | | |
| RAIT Quito-B, LLC | | Delaware | | |
| RAIT Quito-C, LLC | | Delaware | | |
| RAIT Reuss B Member, LLC | | Delaware | | |
| RAIT Reuss C Member, LLC | | Delaware | | |
| RAIT Reuss Federal Plaza, LLC | | Delaware | | |
| RAIT Rogers Plaza, LLC | | Delaware | | |
| RAIT SAAR Company, LLC | | Delaware | | |
| RAIT Sabel Key Manager, Inc. | | Delaware | | |
| RAIT Securities (UK), Ltd. | | United Kingdom | | |
| RAIT Sharpstown, LLC | | Delaware | | |
| RAIT Sharpstown Member, LLC | | Delaware | | |
| RAIT Stonecrest, LLC | | Delaware | | |
| RAIT Towne Square, LLC | | Delaware | | |
| RAIT-Two Rivers, L.L.C. | | Delaware | | |
| RAIT Urban Holdings, LLC | | Delaware | | |
| RAIT Ventures, LLC | | Delaware | | |
| REM-Cherry Hill, LLC | | New Jersey | | |
| REM-Willow Grove, Inc. | | Pennsylvania | | |
| REM-Willow Grove, L.P. | | Pennsylvania | | |
| Rosedown Member, LLC | | Delaware | | |
| Rutherford Plaza Manager, Inc. | | Delaware | | |
| SAAR Company, LLC | | New York | | |
| Sabel Key Southwest, LLC | | Delaware | | |
| Sandal Ridge Member, LLC | | Delaware | | |
| St. Pete Beach Holdings, LLC | | Delaware | | |
| Stone Creek Member, LLC | | Delaware | | |
| Summit Place Member, LLC | | Delaware | | |
| TS Dunhill, Ltd. | | Texas | | |
| Taberna Capital Management, LLC | | Delaware | | |
| Taberna Capital (Ireland) Ltd. | | Ireland | | |
| Taberna Equity Funding, Ltd | | Cayman Island | | |
| Taberna Europe CDO I p.l.c. | | Ireland | | |
| Taberna Europe CDO II p.l.c. | | Ireland | | |
| Taberna Funding LLC | | Delaware | | |
| Taberna Funding Capital Trust I | | Delaware | | |
| Taberna Funding Capital Trust II | | Delaware | | |
| Taberna Loan Holdings I, LLC | | Delaware | | |
| Taberna Loan Holdings II, LLC | | Delaware | | |
| Taberna Preferred Funding III, Inc. | | Delaware | | |
| Taberna Preferred Funding IV, Inc. | | Delaware | | |
| Taberna Preferred Funding VI, Inc. | | Delaware | | |
| Taberna Preferred Funding VII, Inc. | | Delaware | | |
| Taberna Preferred Funding VIII, Inc. | | Delaware | | |
| Taberna Preferred Funding IX, Inc. | | Delaware | | |
| Taberna Preferred Funding III, Ltd. | | Cayman Islands | | |
| Taberna Preferred Funding IV, Ltd. | | Cayman Islands | | |
| Taberna Preferred Funding VI, Ltd. | | Cayman Islands | | |
| Taberna Preferred Funding VII, Ltd. | | Cayman Islands | | |
| Taberna Preferred Funding VIII, Ltd. | | Cayman Islands | | |
| Taberna Preferred Funding IX, Ltd. | | Cayman Islands | | |
| Taberna Real Estate CDO I, Ltd. | | Cayman Islands | | |
| Taberna Realty Finance Trust | | Maryland | | |
| Taberna Realty Holdings Trust | | Maryland | | |
| Taberna Securities, LLC | | Delaware | | |
| Treeline Boro Hall LLC | | New York | | |
| Tuscany Bay Member, LLC | | Delaware | | |
| Urban Retail Properties Co., LLC | | | | |
