Exhibit 21.1
List of Subsidiaries
| Subsidiary | State of Formation | Other Names Used | ||
| 12 Union Street-Westborough LLC | Delaware | |||
| 99 Shawan Road Joint Venture LLC | Delaware | |||
| 100 Elkhorn Road-Sun Valley LLC | Delaware | |||
| 100 Riverview Condominium Association Inc. | New Jersey | |||
| 38 North Almaden Boulevard Venture LLC | Delaware | |||
| 210 5th Ave. Venture Urban Renewal LLC | Delaware | 210 5th Ave. Venture LLC | ||
| 212 Fifth Lender LLC | Delaware | |||
| 215 North Michigan Owner LLC | Delaware | |||
| 221 American Boulevard-Bloomington LLC | Delaware | |||
| 240 S Pineapple Office-Sarasota LLC | Delaware | 240 S Pineapple Parking-Sarasota LLC | ||
| 300 Riverview Condominium Association Inc. | New Jersey | |||
| 333 Rector Park-River Rose LLC | Delaware | iStar Garden City LLC | ||
| 377 East 33rd Investor LLC | Delaware | |||
| 401 W Michigan Street-Milwaukee LLC | Delaware | |||
| 475-525 Sycamore Drive-Milpitas LLC | Delaware | |||
| 500 Woodward LLC | Delaware | |||
| 1000 South Clark Street LLC | Delaware | |||
| 1000 South Clark Holdings LLC | Delaware | |||
| 1000 South Clark Street Partners LLC | Delaware | |||
| 1050 N. El Mirage Road-Avondale LLC | Delaware | |||
| 1250 N. El Mirage Road-Avondale LLC | Delaware | |||
| 1504-1530 McCarthy Boulevard-Milpitas LLC | Delaware | |||
| 1515 Dock Street-Tacoma LLC | Delaware | |||
| 1812 North Moore Lender LLC | Delaware | |||
| 1855 Barber Lane-Milpitas LLC | Delaware | |||
| 2003-2007 Nonconnah Boulevard-Memphis LLC | Delaware | |||
| 2021 Lakeside Boulevard-Richardson LLC | Delaware | |||
| 2220 West First Street-Fort Myers LLC | Delaware | |||
| 2611 Corporate West Drive Venture LLC | Delaware | |||
| 2611 CWD Net Lease REIT | Maryland | |||
| 2901 Kinwest Parkway - Irving LLC | Delaware | |||
| 3000 Waterview Parkway-Richardson LLC | Delaware | |||
| 3376 Peachtree Hotel LLC | Delaware | |||
| 3376 Peachtree Hotel Operator LLC | Delaware | |||
| 3376 Peachtree Penthouse LLC | Delaware | |||
| 3376 Peachtree Residential LLC | Georgia | |||
| 3376 Peachtree Retail LLC | Delaware | |||
| 3376 Peachtree Road - Atlanta Hotel LL Inc. | Delaware | |||
| 3376 Peachtree Road - Atlanta Restaurant LL Inc. | Delaware | |||
| 4471 Dean Martin Drive-Las Vegas LLC | Delaware | 4230 S. Decatur Boulevard - Las Vegas LLC | ||
| 6162 S Willow Drive-Englewood LLC | Delaware | |||
| 6400 Christie Avenue-Emeryville LLC | Delaware | |||
| 6801 Woolridge Road GenPar LLC | Delaware | |||
| 6801 Woolridge Road - Moseley LP | Delaware | 6801 Woolridge Road - Moseley TRS LLC | ||
| 7000 Hawaii Kai Lender Inc | Delaware | |||
| 7297 North Scottsdale Unit LW105 Inc. | Delaware | |||
| 7445 East Chaparral Road-Scottsdale LLC | Delaware | |||
| 14000 N. Hayden Road-Scottsdale LLC | Delaware | |||
| 17093 Biscayne Boulevard-North Miami LLC | Delaware | |||
| 46702 Bayside Parkway-Fremont LLC | Delaware | |||
| 46831 Lakeview Boulevard-Fremont LLC | Delaware | |||
| Acquest Government Holdings II, LLC | New York | |||
| Acquest Government Holdings, L.L.C. | New York | |||
| Acquest Holdings FC, LLC | New York | |||
| AP at Monroe Urban Renewal LLC | New Jersey | AP at Monroe LLC | ||
| AP at South Grand Urban Renewal LLC | New Jersey | AP at South Grand LLC | ||
| AP Block 146 Developer Urban Renewal, LLC | New Jersey | AP Block 146 Developer LLC | ||
| AP Block 176 Venture Urban Renewal LLC | New Jersey | AP Block 176 Venture LLC | ||
| AP Block 178 Venture LLC | New Jersey | |||
| AP Fifteen Property Holding, L.L.C. | New Jersey | |||
| AP Five Property Holding, L.L.C. | New Jersey | |||
| AP Mortgagee LLC | Delaware | |||
| AP Retail Venture LLC | Delaware | |||
| AP Ten Property Holding, L.L.C | New Jersey | |||
| AP Triangle LLC | Delaware | Madison Wesley Lake Three LLC | ||
| AP Wesley Lake LLC | Delaware | Madison Wesley Lake Two LLC | ||
| Asbury Convention Hall Limited Liability Company | New Jersey | |||
| Asbury One Liquor License LLC | New Jersey | |||
| Asbury Partners, LLC | New Jersey | Asbury Shores Community, LLC | ||
| ASTAR 1360 Greely Chapel Road-Lima LLC | Delaware | |||
| ASTAR ASB AR1, LLC | Delaware | |||
| ASTAR ASB AR2, LLC | Delaware | |||
| ASTAR ASB FL1, LLC | Delaware | |||
| ASTAR ASB FL10, LLC | Delaware | |||
| ASTAR ASB FL2, LLC | Delaware | |||
| ASTAR ASB FL3, LLC | Delaware | |||
| ASTAR ASB FL4, LLC | Delaware | |||
| ASTAR ASB FL5, LLC | Delaware | |||
| ASTAR ASB FL6, LLC | Delaware | |||
| ASTAR ASB FL7, LLC | Delaware | |||
| ASTAR ASB FL8, LLC | Delaware | |||
| ASTAR ASB FL9, LLC | Delaware | |||
| ASTAR ASB GA1, LLC | Delaware | |||
| ASTAR ASB GA2, LLC | Delaware | |||
| ASTAR ASB GA3, LLC | Delaware | |||
| ASTAR ASB Holdings LLC | Delaware | |||
| ASTAR ASB NC1, LLC | Delaware | |||
| ASTAR ASB NC2, LLC | Delaware | |||
| ASTAR ASB NC3, LLC | Delaware | |||
| ASTAR ASB NC4, LLC | Delaware | |||
| ASTAR ASB TX1 GenPar LLC | Delaware | |||
| ASTAR ASB TX1 LimPar LLC | Delaware | |||
| ASTAR ASB TX1 LP | Delaware | |||
| ASTAR ASB VA1, LLC | Delaware | |||
| ASTAR ASB VA2, LLC | Delaware | |||
| ASTAR Finance Falcon I LLC | Delaware | |||
| ASTAR Finance Falcon II LLC | Delaware | |||
| ASTAR Finance LLC | Delaware | ASTAR AF NH1, LLC | ||
| ASTAR FRR FL1, LLC | Delaware | |||
| ASTAR FRR TX1 GenPar LLC | Delaware | |||
| ASTAR FRR TX1 LP | Delaware | |||
| ASTAR Pima Road-Scottsdale LLC | Delaware | |||
| ASTAR ROU LA1, LLC | Delaware | |||
| ASTAR Spokane LLC | Delaware | |||
| ASTAR Suncadia LLC | Delaware | |||
| ASTAR Two Notch Columbia LLC | Delaware | |||
| ASTAR UAG AZ1, LLC | Delaware | |||
| ASTAR UAG AZ2, LLC | Delaware | |||
| ASTAR UAG AZ3, LLC | Delaware | |||
| ASTAR UAG FL1, LLC | Delaware | |||
| ASTAR UAG NJ1 LLC | Delaware | |||
| Autostar Investors Partnership LLP | Delaware | |||
| AutoStar Realty Operating Partnership, L.P. | Delaware | Milestone Realty Operating Partnership | ||
| Autostar Realty GP LLC | Delaware | |||
| Bath Site LLC | Delaware | |||
| Belmont Ridge Development Co LLC | Delaware | SFI One Madison Park LLC | ||
| Bond Portfolio Holdings LLC | Delaware | |||
| Bond Portfolio Holdings II LLC | Delaware | |||
| Bonita Grande 68, LLC | Florida | |||
| BW Bowling Properties LP | Delaware | |||
| BW Bowling Properties LLC | Delaware | |||
| BW Bowling Properties GenPar LLC | Delaware | |||
| BW Bowling Net Lease I REIT | Maryland | |||
| BW Bowling Properties Canada Inc. | Canada | |||
| Cajun Fish Holdings, L.L.C. | New Jersey | |||
| Campbell Commons-Richardson LLC | Delaware | |||
| Charwell TP LLC | New York | |||
| Childs Associates LLC | Delaware | |||
| Coney Childs Lender LLC | Delaware | |||
| Coney Entertainment LLC | Delaware | |||
| Coney Island Holdings LLC | Delaware | |||
| Coyote Center Development LLC | Delaware | |||
| CTL I Maryland, Inc. | Delaware | |||
| DT Net Lease I REIT | Maryland | |||
| DT-XCIII-IS, LLC | Delaware | |||
| Entertainment Center Development, LLC | Delaware | |||
| Every Bear Investments LLC | Delaware | |||
| Falcon Auto Dealership Loan Trust 2001-1 | Delaware | |||
| Falcon Auto Dealership Loan Trust 2003-1 | Delaware | |||
| Falcon Auto Dealership, LLC | Delaware | |||
| Falcon Financial II, LLC | Delaware | |||
| Falcon Franchise Loan Corp. | Delaware | |||
| Florida 2005 Theaters LLC | Delaware | MUVICO Realty, LLC | ||
| GFV Shawan Office, LLC | Delaware | |||
| Gold Coast Chicago Acquisition Company LLC | Delaware | |||
| Harko, LLC | Delaware | |||
| Harbor Bay NLA LLC | Delaware | |||
| Harbor Bay Net Lease I REIT | Delaware | |||
| Hicksville GL Owner LLC | Delaware | |||
| Highland View Associates LLC | Delaware | |||
| iStar 4th & Virginia LLC | Delaware | iStar 4th & Virginia Lender LLC | ||
| iStar 4th & Virginia Manager LLC | Delaware | |||
| iStar 85 10th L/C LLC | Delaware | |||
| iStar 100 Management Inc. | Delaware | |||
| iStar 100 Riverview LLC | Delaware | |||
| iStar 100 LLC | Delaware | |||
| iStar 181 Fremont Holdings LLC | Delaware | |||
| iStar 200-300 Management Inc. | Delaware | |||
| iStar 200-300 Riverview LLC | Delaware | |||
| iStar 200-300 LLC | Delaware | |||
| iStar 320 East Warner Lender LLC | Delaware | |||
| iStar 701 TS Holdings LLC | Delaware | |||
| iStar Alpha Structured Products LLC | Delaware | |||
| iStar Apartment Holdings LLC | Delaware | |||
| iStar Artesia Land LLC | Delaware | |||
| iStar Asset Services, Inc. | Delaware | Starwood Asset Services, Inc. | ||
| iStar Automotive Investments LLC | Delaware | |||
| iStar Bishops Gate LLC | Delaware | |||
| iStar Blues LLC | Delaware | |||
| iStar Bowling Centers I LLC | Delaware | iStar Fort Collins USGS LLC | ||
| iStar Bowling Centers I LP | Delaware | |||
| iStar Bowling Centers II LLC | Delaware | |||
| iStar Bowling Centers II LP | Delaware | |||
| iStar Bowling Centers PR LP | Delaware | |||
| iStar Bowling Centers PR GenPar LLC | Delaware | |||
| iStar Busco Inc. | Delaware | |||
| iStar Chicago Hotel Lender LLC | Delaware | |||
| iStar Columbus Circle LLC | Delaware | |||
| iStar Corporate Collateral LLC | Delaware | |||
| iStar CS Emery Bay North LLC | Delaware | |||
| iStar CTL I GenPar, Inc. | Delaware | |||
| iStar CTL I, L.P. | Delaware | |||
| iStar CTL Manager LLC | Delaware | |||
| iStar CTL RiverEdge Summit-Atlanta LLC | Delaware | |||
| iStar Dallas GL GenPar LLC | Delaware | |||
| iStar Dallas GL LP | Delaware | |||
| iStar DH Holdings TRS Inc. | Cayman Islands | |||
| iStar Diplomat Drive-Farmers Branch LLC | Delaware | |||
| iStar DMI LLC | Delaware | |||
| iStar DOJ Holdings TRS Inc | Delaware | |||
| iStar Financial Protective Trust | Maryland | |||
| iStar Financial Statutory Trust I | Delaware | |||
| iStar FKEC Holdings LLC | Delaware | |||
| iStar Florida 2015 Cinemas LLC | Delaware | |||
| iStar FM Loans LLC | Delaware | |||
| iStar Garden State Lender LLC | Delaware | |||
| iStar Harrisburg Business Trust | Delaware | |||
| iStar Harrisburg GenPar LLC | Delaware | |||
| iStar Harrisburg, L.P. | Delaware | |||
| iStar Henderson Lender LLC | Delaware | |||
| iStar IF III LLC | Delaware | |||
| iStar Land and Development Company Inc. | California | |||
| iStar Lex Lender LLC | Delaware | |||
| iStar Madison LLC | Delaware | iStar Madison TRS Inc. | ||
| iStar Minnesota LLC | Delaware | |||
| iStar Net Lease I LLC | Delaware | |||
| iStar Net Lease Manager I LLC | Delaware | |||
| iStar Net Lease Member I LLC | Delaware | |||
| iStar North Old Atlanta Road LLC | Delaware | |||
| iStar Potomac LLC | Delaware | |||
| iStar Raintree Venture Member LLC | Delaware | |||
| iStar Reeder Lender LLC | Delaware | |||
| iStar RC Paradise Valley LLC | Delaware | |||
| iStar Real Estate Services, Inc. | Maryland | TriNet Property Management, Inc. | ||
| iStar REO Holdings TRS LLC | Delaware | |||
| iStar REO Holding II TRS LLC | Delaware | |||
| iStar San Jose, L.L.C. | Delaware | |||
| iStar SLC LLC | Delaware | iStar SLC TRS Inc. | ||
| iStar SoHo Lender LLC | Delaware | |||
| iStar SPP II LLC | Delaware | iStar SPP II TRS Inc. | ||
| iStar SPP LLC | Delaware | iStar SPP TRS inc. | ||
| iStar Standard Lender LLC | Delaware | |||
| iStar Sunnyvale Partners, L.P. | Delaware | |||
| iStar Sunnyvale, LLC | Delaware | |||
| iStar Tara Holdings LLC | Delaware | |||
| iStar Tara Kickers TRS LLC | Delaware | |||
| iStar Tara LLC | Delaware | |||
| iStar WALH Investor TRS LLC | Delaware | iStar WALH Investor LLC | ||
| iStar West Walton Lender LLC | Delaware | |||
| iStar West Walton Mezz LLC | Delaware | |||
| iStar Woodward LLC | Delaware | |||
| Jade Eight Properties LLC | Delaware | |||
| Jersey Star GenPar LLC | Delaware | |||
| Jersey Star LP | Delaware | Jersey Star LLC | ||
| Key West Harbour Development, L.L.C. | Florida | |||
| Key West Marina Investments, L.L.C. | Florida | |||
| Loft Office Acquisition, LLC | Delaware | |||
| Long Beach Wayfarer LLC | Delaware | |||
| Lysol Limited | Cyprus | |||
| Madison Asbury Retail, LLC | Delaware | Asbury Park Retail, LLC | ||
| MF III Albion LLC | New Jersey | |||
| MG Apartments Parcel 3 LLC | Delaware | |||
| MN Theaters 2006 LLC | Minnesota | GAC Theaters LLC | ||
| Naples AW Holdco LLC | Delaware | 240 S Pineapple Land - Sarasota LLC | ||
| Naples Harbour Development, .L.C. | Florida | |||
| Naples Marina Investments, L.L.C. | Florida | |||
| NHN Holdco LLC | Delaware | 345 Los Coches Street - North Hollywood LLC | ||
| NHN Venture 2, LLC | Delaware | |||
| Oakton NLA LLC | Delaware | |||
| Oakton Net Lease EIT | Maryland | |||
| One Palm LLC | Delaware | |||
| One Palm Hotel Operator LLC | Delaware | |||
| Outlets at Westgate, LLC | Delaware | |||
| Paramount Bay Owner LLC | Delaware | |||
| Parrot Cay Holdco LLC | Delaware | |||
| Piscataway Road-Clinton MD LLC | Delaware | |||
| Raintree Venture Owner, LLC | Delaware | |||
| Raintree Venture Partners, LLC | Delaware | |||
| Rattlefish Raw Bar and Grill, LLC. | Florida | |||
| Red Lion G.P., Inc. | Delaware | |||
| RLH Partnership, L.P. | Delaware | |||
| Royal Oaks Lane (Biscayne Landing)-North Miami LLC | Delaware | |||
| Safety Income and Growth Operating Partnership, LP | Delaware | |||
| Safety Income and Growth REIT, Inc. | Maryland | |||
| Seaside Park LLC | Delaware | |||
| SFI 10 Rittenhouse LLC | Delaware | |||
| SFI Acquest Holdings LLC | Delaware | |||
| SFI Almaden Manager LLC | Delaware | |||
| SFI Ambassador East TRS LLC | Delaware | |||
| SFI Artesia LLC | Delaware | SFI Artesia Retail LLC | ||
| SFI Ballpark Village LLC | Delaware | |||
| SFI Bedford LLC | Delaware | |||
| SFI Belmont LLC | Delaware | |||
| SFI BR Villa Luisa LLC | Delaware | |||
| SFI Bridgeview LLC | Delaware | SFI Harbor View LLC | ||
| SFI Bullseye - Chicago LLC | Delaware | |||
| SFI Cascade Highlands LLC | Delaware | |||
| SFI Chicago Tollway LLC | Delaware | SFI Wilton Oases LLC | ||
| SFI Coney Island Manager LLC | Delaware | |||
| SFI CWD Venture Manager LLC | Delaware | |||
| SFI DT Holdings LLC | Delaware | |||
| SFI Eagle Land LLC | Delaware | |||
| SFI Emery Bay Participant LLC | Delaware | |||
| SFI Euro Holdings LLC | Delaware | |||
| SFI Euro Holdings II LLC | Delaware | |||
| SFI Ford City - Chicago LLC | Delaware | |||
| SFI Ginn Investments LLC | Delaware | |||
| SFI Gold Coast Partner LLC | Delaware | |||
| SFI Golden Hills-Vacaville LLC | Delaware | |||
| SFI Grand Vista LLC | Delaware | |||
| SFI Harborspire GenPar LLC | Delaware | 328-342 Washington Blvd-Jersey City GenPar LLC | ||
| SFI Harborspire LimPar LLC | Delaware | 328-342 Washington Blvd-Jersey City LimPar LLC | ||
| SFI I, LLC | Delaware | |||
| SFI Ilikai 104 LLC | Delaware | |||
| SFI Ilikai GenPar LLC | Delaware | |||
| SFI Ilikai LL Parent Inc. | Delaware | |||
| SFI Ilikai LL Inc. | Delaware | |||
| SFI Ilikai LP | Delaware | SFI Ilikai TRS LLC | ||
| SFI Ilikai Property Owner LLC | Delaware | |||
| SFI Ilikai Retail Owner LLC | Delaware | |||
| SFI Kauai GenPar LLC | Delaware | |||
| SFI Kauai LP | Delaware | SFI Kauai TRS LLC | ||
| SFI Kauai Operator LLC | Delaware | |||
| SFI Kauai Owner LLC | Delaware | |||
| SFI Key West Harbour Holdings LLC | Delaware | |||
| SFI Key West Marina LLC | Delaware | |||
| SFI Kua 4 Partner LLC | Delaware | |||
| SFI Los Valles LLC | Delaware | Los Valles REO LLC | ||
| SFI Magnolia Avenue-Riverside LLC | Delaware | SFI Emperor Estates - Riverside County LLC | ||
| SFI Mammoth Crossing LLC | Delaware | SFI West Hills - Riverside County LLC | ||
| SFI Mammoth Finance LLC | Delaware | 900 North Point Street-San Francisco LLC | ||
| SFI Mammoth GenPar LLC | Delaware | |||
| SFI Mammoth Owner LP | Delaware | SFI Mammoth LLC | ||
| SFI Marina Investments LLC | Delaware | |||
| SFI Marina Stuart TRS LLC | Delaware | |||
| SFI MG Investor LLC | Delaware | |||
| SFI Mortgage Funding LLC | Delaware | |||
| SFI Naples Harbour Holdings LLC | Delaware | |||
| SFI Naples Marina LLC | Delaware | |||
| SFI Naples Reserve LLC | Delaware | |||
| SFI Net Lease Holdings LLC | Delaware | |||
| SFI One Palm Partner LLC | Delaware | |||
| SFI Palm Tree Farms LLC | Delaware | |||
| SFI Palm (St. Lucie) LLC | Delaware | 14951 Royal Oaks (Biscayne Landing)-North Miami LLC | ||
| SFI Penn Holdco Statutory Trust | Delaware | SFI Rittenhouse Statutory Trust | ||
| SFI Penn Properties Statutory Trust | Delaware | |||
| SFI Raintree-Scottsdale LLC | Delaware | |||
| SFI Savannah Commercial LLC | Delaware | |||
| SFI Savannah Residential LLC | Delaware | |||
| SFI Shadelands-Walnut Creek LLC | Delaware | 50 Adrian Court-Burlingame LLC | ||
| SFI SMR LP | Delaware | SFI SMR LLC | ||
| SFI SMR GenPar LLC | Delaware | |||
| SFI Spring Mountain Ranch Phase 1 LLC | Delaware | |||
| SFI Sugar Mill Investor LLC | Delaware | SFI Paramount Bay Owner LLC | ||
| SFI Tampa Harbour Holdings LLC | Delaware | |||
| SFI Tampa Marina LLC | Delaware | |||
| SFI Valley Plaza - North Hollywood LLC | Delaware | |||
| SFI Westgate City Center - Glendale LLC | Delaware | |||
| SFI Winkel Way LLC | Delaware | |||
| SFT I, Inc. | Delaware | |||
| SFTY Manager LLC | Delaware | |||
| Shawan Net Lease I REIT | Maryland | |||
| Shore Road - Long Beach LP | Delaware | Shore Road - Long Beach Superblock TRS LLC | ||
| Shore Road GenPar LLC | Delaware | |||
| Shore Road-Long Beach Superblock LLC | Delaware | |||
| SIGOP Gen Par LLC | Delaware | |||
| SMR Phase 1 Joint Venture LLC | Delaware | |||
| State Road 710-Indiantown LLC | Delaware | |||
| St. Lucie Palm Tree Sales LLC | Delaware | |||
| Stone Pony Partners, L.L.C. | Delaware | |||
| Sugar MG II, LLC | Delaware | |||
| Sugar Mill Glen LLC | Delaware | |||
| Sunnyvale GenPar LLC | Delaware | |||
| Talking Partners, LLC | New Jersey | |||
| Tampa Harbour Development, L.L.C. | Florida | |||
| Tampa Marina Investments, L.L.C. | Florida | |||
| TDM Kua 4, LLC | Delaware | |||
| THCF LLC | New Jersey | |||
| The New Westgate LLC | Delaware | |||
| TimberStar Investors Partnership LLP | Delaware | |||
| TimberStar Operating Partnership, L.P. | Delaware | |||
| TimberStar Selling Party Representative Holdco LLC | Delaware | |||
| TimberStar Southwest Investor LLC | Delaware | |||
| TPRJC Owner LLC | New Jersey | |||
| TriNet Essential Facilities XXIII, Inc. | Delaware | |||
| TriNet Essential Facilities XXVI, Inc. | Delaware | |||
| TriNet Essential Facilities XXVII, Inc. | Delaware | |||
| TriNet Sunnyvale Partners, L.P. | Delaware | Sunnyvale Partners, L.P. | ||
| TSM I, LLC | Delaware | |||
| TSM II, LLC | Delaware | |||
| Uncommon CCRC Investor LLC | Delaware | |||
| Vector Urban Renewal Associates I, L.P. | New Jersey | |||
| Westgate Investments, LLC | Delaware | |||
| Westgate Signage, LLC | Delaware | |||
| Westgate Sports and Entertainment Group LLC | Delaware | |||
| WG Net Lease I REIT | Maryland | |||
| WG NLA LLC | Delaware | |||