Resource Real Estate Opportunity REIT II (RREO) S-4/A Registration of securities issued in business combination transactions (amended)

Exhibit 21.1

Direct and Indirect Subsidiaries of Resource Real Estate Opportunity REIT II, Inc.

RRE Opportunity Holdings II, LLC

RRE Opportunity OP II, LP

RRE Bear Creek Holdings, LLC

RRE Buckhead Holdings, LLC

RRE Farrington Holdings, LLC

RRE Mayfair Chateau Holdings, LLC

RRE Fairways of Bent Tree Holdings, LLC

RRE Spalding Crossing Holdings, LLC

RRE Montclair Terrace Holdings, LLC

RRE Grand Reserve Holdings, LLC

RRE Canterwood Holdings, LLC

RRE Fox Ridge Holdings, LLC

RRE Riverlodge Holdings, LLC

RRE Breckenridge Holdings, LLC

RRE Santa Rosa Holdings, LLC

RRE Windbrooke Holdings, LLC

RRE Woods Holdings, LLC

RRE Indigo Creek Holdings, LLC

RRE Martin's Point Holdings, LLC

Revolution I Merger Sub, LLC

Revolution III Merger Sub, LLC

The subsidiaries listed above are all organized in the State of Delaware