Exhibit 21.1
Bluerock Residential Growth REIT, Inc.
List of Subsidiaries
| 1. | Bluerock Residential Holdings, L.P., a Delaware limited partnership |
| 2. | Bluerock REIT Holdings, LLC, a Delaware limited liability company |
| 3. | BEMT Springhouse, LLC, a Delaware limited liability company |
| 4. | BR Springhouse Managing Member, LLC, a Delaware limited liability company |
| 5. | BR Hawthorne Springhouse JV, LLC, a Delaware limited liability company |
| 6. | BR Springhouse, LLC, a Delaware limited liability company |
| 7. | BEMT Augusta, LLC, a Delaware limited liability company |
| 8. | BR Augusta JV Member, LLC, a Delaware limited liability company |
| 9. | BSF/BR Augusta JV, LLC, a Delaware limited liability company |
| 10. | BSF/BR Augusta, LLC, a Florida limited liability company |
| 11. | BEMT Enders, LLC, a Delaware limited liability company |
| 12. | BR Enders Managing Member, LLC, a Delaware limited liability company |
| 13. | Waypoint Bluerock Enders JV, LLC, a Delaware limited liability company |
| 14. | Waypoint Enders Owner, LLC, a Delaware limited liability company |
| 15. | BEMT Berry Hill, LLC, a Delaware limited liability company |
| 16. | BR Berry Hill Managing Member, LLC, a Delaware limited liability company |
| 17. | BR Stonehenge 23Hundred JV, LLC, a Delaware limited liability company |
| 18. | 23Hundred, LLC, a Delaware limited liability company |
| 19. | BRG North Park Towers, LLC, a Delaware limited liability company |
| 20. | BR VG Ann Arbor JV Member, LLC, a Delaware limited liability company |
| 21. | BRG Ann Arbor, LLC, a Delaware limited liability company |
| 22. | Village Green of Ann Arbor Associates, LLC, a Michigan limited liability company |
| 23. | BR Oak Crest Villas, LLC, a Delaware limited liability company |
| 24. | BRG Oak Crest, LLC, a Delaware limited liability company |
| 25. | Oak Crest Villas JV, LLC, a Delaware limited liability company |
| 26. | Villas Partners, LLC, a Delaware limited liability company |
| 27. | BR Waterford JV Member, LLC, a Delaware limited liability company |
| 28. | BRG Waterford, LLC, a Delaware limited liability company |
| 29. | Bell BR Waterford Crossing JV, LLC, a Delaware limited liability company |
| 30. | BR VG MDA JV Member, LLC, a Delaware limited liability company |
| 31. | BEMT MDA, LLC, a Delaware limited liability company |
| 32. | MDA City Apartments, LLC, a Delaware limited liability company |
| 33. | BR T&C BLVD JV Member, LLC, a Delaware limited liability company |
| 34. | BRG T&C BLVD Houston, LLC, a Delaware limited liability company |
| 35. | BR T&C BLVD., LLC, a Delaware limited liability company |
| 36. | BR Lansbrook JV Member, LLC, a Delaware limited liability company |
| 37. | BRG Lansbrook, LLC, a Delaware limited liability company |
| 38. | BR Carroll Lansbrook JV, LLC, a Delaware limited liability company |
| 39. | BR Carroll Lansbrook, LLC, a Delaware limited liability company |
| 40. | BR Orlando UCFP, LLC, a Delaware limited liability company |
| 41. | BRG UCFP Investor, LLC, a Delaware limited liability company |
| 42. | BR/CDP UCFP Venture, LLC, a Delaware limited liability company |
| 43. | UCFP Owner, LLC, a Delaware limited liability company |
| 44. | BRG Grande Lakes, LLC, a Delaware limited liability company |
| 45. | BR Carroll Grande Lakes JV, LLC, a Delaware limited liability company |
| 46. | BR Carroll Arium Grande Lakes Owner, LLC, a Delaware limited liability company |
In addition, ten subsidiaries operating in the United States have been omitted as they would not, considered in the aggregate as a single subsidiary, constitute a significant subsidiary as defined by Rule 1-02(w) of Regulation S-X.
