Necessity Retail REIT 10K 2019 Annual report | RTL Filing

EXHIBIT 21.1

Subsidiaries of American Finance Trust, Inc.



Name	Jurisdiction of Formation/Incorporation
55 Corporate Drive Condominium Association, LLC	New Jersey
AFN ABSPROP001, LLC	Delaware
AFN ABSPROP001-A, LLC	Delaware
AFN ABSPROP001-B, LLC	Delaware
American Finance Operating Partnership, L.P.	Delaware
ARC AAANGIN001, LLC	Delaware
ARC AABNLFL001, LLC	Delaware
ARC AATNTMA001, LLC	Delaware
ARC AAWSNGA001, LLC	Delaware
ARC ABHNDMS001, LLC	Delaware
ARC AMWNRKY001, LLC	Delaware
ARC ARERIPA001, LLC	Delaware
ARC ARVIRMN001, LLC	Delaware
ARC ASANDSC001, LLC	Delaware
ARC ASCGRMO001, LLC	Delaware
ARC AZCROMI001, LLC	Delaware
ARC AZCTOLA001, LLC	Delaware
ARC AZTMPGA001, LLC	Delaware
ARC BBLVSNV001, LLC	Delaware
ARC BFFTMFL001, LLC	Delaware
ARC BHTVCMI001, LLC	Delaware
ARC BKMST41001, LLC	Delaware
ARC CBDTNPA001, LLC	Delaware
ARC CBLDLPA001, LLC	Delaware
ARC CBLMAPA001, LLC	Delaware
ARC CBPHLPA001, LLC	Delaware
ARC CBPHLPA002, LLC	Delaware
ARC CBPHLPA003, LLC	Delaware
ARC CBPHLPA004, LLC	Delaware
ARC CBRBRPA001, LLC	Delaware
ARC CBWNEPA001, LLC	Delaware
ARC CHLKJTX001, LLC	Delaware
ARC CHVCTTX001, LLC	Delaware
ARC CKMST19001, LLC	Delaware
ARC CLORLFL001, LLC	Delaware
ARC CPFAYNC001, LLC	Delaware
ARC CPOKCOK001, LLC	Delaware
ARC CTCHRNC001, LLC	Delaware
ARC CVANSAL001, LLC	Delaware
ARC CVDETMI001, LLC	Delaware
ARC CVHYKMA001, LLC	Delaware



ARC DB5PROP001, LLC	Delaware
ARC DB5SAAB001, LLC	Delaware
ARC DGATHMI001, LLC	Delaware
ARC DGBGLLA001, LLC	Delaware
ARC DGBKHMS001, LLC	Delaware
ARC DGBNBGA001, LLC	Delaware
ARC DGCHEOK001, LLC	Delaware
ARC DGCMBMS001, LLC	Delaware
ARC DGDNDLA001, LLC	Delaware
ARC DGDVLLA001, LLC	Delaware
ARC DGFHLLA001, LLC	Delaware
ARC DGFLRMI001, LLC	Delaware
ARC DGFRTMS001, LLC	Delaware
ARC DGFTSAR001, LLC	Delaware
ARC DGGNWLA001, LLC	Delaware
ARC DGGSBVA001, LLC	Delaware
ARC DGGVLMS002, LLC	Delaware
ARC DGHBKLA001, LLC	Delaware
ARC DGHDNMI001, LLC	Delaware
ARC DGHTGWV001, LLC	Delaware
ARC DGHTSAR001, LLC	Delaware
ARC DGLAFTN001, LLC	Delaware
ARC DGLCRMN002, LLC	Delaware
ARC DGMBLAR001, LLC	Delaware
ARC DGMKNMI001, LLC	Delaware
ARC DGMRALA001, LLC	Delaware
ARC DGMSNTX002, LLC	Delaware
ARC DGNTALA001, LLC	Delaware
ARC DGRLFMS001, LLC	Delaware
ARC DGRSEMI001, LLC	Delaware
ARC DGRYLAR001, LLC	Delaware
ARC DGSRBMO001, LLC	Delaware
ARC DGSTNVA001, LLC	Delaware
ARC DGSVNMO001, LLC	Delaware
ARC DGTLSLA001, LLC	Delaware
ARC DGVDRTX001, LLC	Delaware
ARC DGVNLTN001, LLC	Delaware
ARC DGWPTMS001, LLC	Delaware
ARC DGWRNIN001, LLC	Delaware
ARC DGWSNNY001, LLC	Delaware
ARC FDBRNLA001, LLC	Delaware
ARC FDBTLKY001, LLC	Delaware
ARC FDCHLID001, LLC	Delaware
ARC FDCRLMO001, LLC	Delaware
ARC FDDNVAR001, LLC	Delaware
ARC FDDXRNM001, LLC	Delaware



ARC FDOCYLA001, LLC	Delaware
ARC FDPLSTX001, LLC	Delaware
ARC FDWLDCO001, LLC	Delaware
ARC FEBSMND001, LLC	Delaware
ARC FECNBIA001, LLC	Delaware
ARC FEEGLWI001, LLC	Delaware
ARC FEGRFND001, LLC	Delaware
ARC FELELMS001, LLC	Delaware
ARC FESOUIA001, LLC	Delaware
ARC FEWAUWI001, LLC	Delaware
ARC FEWTNSD001, LLC	Delaware
ARC FLCLTNC001, LLC	Delaware
ARC FMMTCNJ001, LLC	Delaware
ARC FMMTVAL001, LLC	Delaware
ARC FMSNHPA001, LLC	Delaware
ARC HR5BEIL001, LLC	Delaware
ARC HR5BIAL001, LLC	Delaware
ARC HR5BPMN001, LLC	Delaware
ARC HR5CSAL001, LLC	Delaware
ARC HR5CSMA001, LLC	Delaware
ARC HR5CSMA002, LLC	Delaware
ARC HR5CSMA003, LLC	Delaware
ARC HR5CSMD001, LLC	Delaware
ARC HR5CURI001, LLC	Delaware
ARC HR5CVGA001, LLC	Delaware
ARC HR5DOGA001, LLC	Delaware
ARC HR5GAGA001, LLC	Delaware
ARC HR5GANC001, LLC	Delaware
ARC HR5GASC001, LLC	Delaware
ARC HR5GAVA001, LLC	Delaware
ARC HR5GBNC001, LLC	Delaware
ARC HR5GRSC001, LLC	Delaware
ARC HR5HASC001, LLC	Delaware
ARC HR5HOTX001, LP	Delaware
ARC HR5HOWI001, LLC	Delaware
ARC HR5HPNY001, LLC	Delaware
ARC HR5MCFL001, LLC	Delaware
ARC HR5MSSE001, LLC	Delaware
ARC HR5MSSSE001, LLC	Delaware
ARC HR5NCTN001, LLC	Delaware
ARC HR5PEGA001, LLC	Delaware
ARC HR5PISC001, LLC	Delaware
ARC HR5SINJ001, LLC	Delaware
ARC HR5SLUT001, LLC	Delaware
ARC HR5SNFI001 SPE, LLC	Delaware
ARC HR5SNFI001 SPE,LLC	Delaware



ARC HR5STP1001, LLC	Delaware
ARC HR5STP1002, LLC	Delaware
ARC HR5STP2001, LLC	Delaware
ARC HR5STP2002, LLC	Delaware
ARC HR5STP3001, LLC	Delaware
ARC HR5STP3002, LLC	Delaware
ARC HR5VAGA001, LLC	Delaware
ARC HR5ZUMN001, LLC	Delaware
ARC JCHUSTX001, LLC	Delaware
ARC JCLOUKY001, LLC	Delaware
ARC JCWSTCO001, LLC	Delaware
ARC LCROWTX001, LLC	Delaware
ARC LWAKNSC001, LLC	Delaware
ARC LWFYTNC001, LLC	Delaware
ARC LWMCNGA001, LLC	Delaware
ARC LWNBNNC001, LLC	Delaware
ARC LWRMTNC001, LLC	Delaware
ARC MCLVSNV001, LLC	Delaware
ARC MFAKNSC001, LLC	Delaware
ARC MFFNCAL001, LLC	Delaware
ARC MFHLDMI001, LLC	Delaware
ARC MFKXVTN002, LLC	Delaware
ARC MFMCDGA001, LLC	Delaware
ARC MFMDNID001, LLC	Delaware
ARC MFSGWMI001, LLC	Delaware
ARC MFTSEFL002, LLC	Delaware
ARC MFVALGA001, LLC	Delaware
ARC NCCHRNC001, LLC	Delaware
ARC NLLKLFL001, LLC	Delaware
ARC NPHUBOH001, LLC	Delaware
ARC NTMNDIL001, LLC	Delaware
ARC NTSNTTX001, LLC	Delaware
ARC NWNCHSC001, LLC	Delaware
ARC ORMNTWI001, LLC	Delaware
ARC PCBIRAL001, LLC	Delaware
ARC PRLAWKS001, LLC	Delaware
ARC PSFKFKY001 TRS, LLC	Delaware
ARC PSFKFKY001, LLC	Delaware
ARC PTSBGIL001, LLC	Delaware
ARC PTSCHIL001, LLC	Delaware
ARC QSOKCOK001, LLC	Delaware
ARC RBASHNC001, LLC	Delaware
ARC Retail TRS Holdco, LLC	Delaware
ARC RGCHRNC001, LLC	Delaware
ARC SMWMBFL001, LLC	Delaware
ARC SPSANTX001, LLC	Delaware



ARC SQMONPA001, LLC	Delaware
ARC SRTULOK001, LLC	Delaware
ARC SSSDLLA001, LLC	Delaware
ARC SSSEBFL001 TRS, LLC	Delaware
ARC SSSEBFL001, LLC	Delaware
ARC SWHOUTX001, LLC	Delaware
ARC SWWCHOH001 TRS, LLC	Delaware
ARC SWWCHOH001, LLC	Delaware
ARC SWWMGPA001, LLC	Delaware
ARC TCMESTX001, LLC	Delaware
ARC TKLWSFL001, LLC	Delaware
ARC TMMONPA001, LLC	Delaware
ARC TPEGPTX001, LLC	Delaware
ARC TSHRLKY001, LLC	Delaware
ARC TSHTNMI001, LLC	Delaware
ARC TSKCYMO001, LLC	Delaware
ARC TSVRNCT001, LLC	Delaware
ARC WEMPSMN001, LLC	Delaware
ARC WGBEATX001, LLC	Delaware
ARC WGGLTWY001, LLC	Delaware
ARC WGLNSMI001, LLC	Delaware
ARC WGOKCOK001, LLC	Delaware
ARC WGPNBAR001, LLC	Delaware
ARC WGTKRGA001, LLC	Delaware
ARC WGWFDMI001, LLC	Delaware
ARF FMCHIIL001, LLC	Delaware
ARG AA12PCK001, LLC	Delaware
ARG AA14PCK001, LLC	Delaware
ARG BE23PROP01, LLC	Delaware
ARG BE23PROP02, LLC	Delaware
ARG BHCLMSC001, LLC	Delaware
ARG BHJCKFL001, LLC	Delaware
ARG BHSLPLA001, LLC	Delaware
ARG BKPNVLA001, LLC	Delaware
ARG CA2PSLB001, LLC	Delaware
ARG CCFAYNC001, LLC	Delaware
ARG CCLTZFL001, LLC	Delaware
ARG CCNLVTX001, LLC	Delaware
ARG CHDUBGA001, LLC	Delaware
ARG CHMCHIL001, LLC	Delaware
ARG CKHARTX001, LLC	Delaware
ARG CKLRDTX001, LLC	Delaware
ARG CKLRDTX002, LLC	Delaware
ARG CKLRDTX003, LLC	Delaware
ARG CKRGNTX001, LLC	Delaware
ARG CKWSLTX001, LLC	Delaware



ARG CURTSMI001, LLC	Delaware
ARG DDBLVTN001, LLC	Delaware
ARG DDBRVTN001, LLC	Delaware
ARG DDEPOTX001, LLC	Delaware
ARG DDGRDMI001, LLC	Delaware
ARG DDHBLTX001, LLC	Delaware
ARG DDHUSTX001, LLC	Delaware
ARG DGASUIL001, LLC	Delaware
ARG DGBRKGA001, LLC	Delaware
ARG DGBRWKY001, LLC	Delaware
ARG DGCLKSIA001, LLC	Delaware
ARG DGCSTKY001, LLC	Delaware
ARG DGDVLAL001, LLC	Delaware
ARG DGDWTNY001, LLC	Delaware
ARG DGEBRAL001, LLC	Delaware
ARG DGELKKY001, LLC	Delaware
ARG DGFLSKY001, LLC	Delaware
ARG DGFMCIL001, LLC	Delaware
ARG DGFRMNY001, LLC	Delaware
ARG DGGDDNY001, LLC	Delaware
ARG DGHARMI001, LLC	Delaware
ARG DGKNGNY001, LLC	Delaware
ARG DGKRHNY001, LLC	Delaware
ARG DGLGRGA001, LLC	Delaware
ARG DGLGRGA002, LLC	Delaware
ARG DGLINMI001, LLC	Delaware
ARG DGMBLAL001, LLC	Delaware
ARG DGMDVTN001, LLC	Delaware
ARG DGMMVLTN001, LLC	Delaware
ARG DGMORMN001, LLC	Delaware
ARG DGNPTTN001, LLC	Delaware
ARG DGOTGNY001, LLC	Delaware
ARG DGPOTIL001, LLC	Delaware
ARG DGPRSNY001, LLC	Delaware
ARG DGRDLAL001, LLC	Delaware
ARG DGSDLKY001, LLC	Delaware
ARG DGSUMIL001, LLC	Delaware
ARG DGTABIL001, LLC	Delaware
ARG DGUTCNY001, LLC	Delaware
ARG DGVLYAL001, LLC	Delaware
ARG DGWASIL001, LLC	Delaware
ARG DGWTMAL001, LLC	Delaware
ARG DI51PCK001, LLC	Delaware
ARG DNMGCIN001, LLC	Delaware
ARG FEBRNMN001, LLC	Delaware
ARG FEBTHNB001, LLC	Delaware



ARG FECSPWY001, LLC	Delaware
ARG FELWDNB001, LLC	Delaware
ARG FEMTNNB001, LLC	Delaware
ARG FERLLMO001, LLC	Delaware
ARG FMABNME001, LLC	Delaware
ARG FMALXLA001, LLC	Delaware
ARG FMBKHMS001, LLC	Delaware
ARG FMCMGGA001, LLC	Delaware
ARG FMCTVMS001, LLC	Delaware
ARG FMEKVTN001, LLC	Delaware
ARG FMETPAL001, LLC	Delaware
ARG FMGFBFL001, LLC	Delaware
ARG FMGRDMI001, LLC	Delaware
ARG FMMRVAL001, LLC	Delaware
ARG FMPDTSC001, LLC	Delaware
ARG FMSKSMO001, LLC	Delaware
ARG FMTMVAL001, LLC	Delaware
ARG FRAHLMI001, LLC	Delaware
ARG HD4PSLB001, LLC	Delaware
ARG IM12PKSLB001, LLC	Delaware
ARG JAFPTIL001, LLC	Delaware
ARG KGOMHNE001, LLC	Delaware
ARG LCFLTMI001, LLC	Delaware
ARG LDBHRMI001, LLC	Delaware
ARG ME19PCK001, LLC	Delaware
ARG MEAKDAR001, LLC	Delaware
ARG MEARLAL001, LLC	Delaware
ARG MEBDWGA001, LLC	Delaware
ARG MEBFDGA001, LLC	Delaware
ARG MECANGA001, LLC	Delaware
ARG MECANGA002, LLC	Delaware
ARG MECBTAR001, LLC	Delaware
ARG MECLLAL001, LLC	Delaware
ARG MECLLAL002, LLC	Delaware
ARG MECMGGA001, LLC	Delaware
ARG MECNLGA001, LLC	Delaware
ARG MECRNAR001, LLC	Delaware
ARG MECTNSC001, LLC	Delaware
ARG MECTWGA001, LLC	Delaware
ARG MEDGVGA001, LLC	Delaware
ARG MEELDAR001, LLC	Delaware
ARG MEELDAR002, LLC	Delaware
ARG MEELDAR003, LLC	Delaware
ARG MEELJGA001, LLC	Delaware
ARG MEEVAAL001, LLC	Delaware
ARG MEFDCAR001, LLC	Delaware



ARG MEGHPAL001, LLC	Delaware
ARG MEHGVGA001, LLC	Delaware
ARG MEHMRGA001, LLC	Delaware
ARG MEHNTAL001, LLC	Delaware
ARG MEHNTAL002, LLC	Delaware
ARG MEHNTAL003, LLC	Delaware
ARG MEHOPAR001, LLC	Delaware
ARG MEHZNAR001, LLC	Delaware
ARG MEJSPGA001, LLC	Delaware
ARG MEMCVGA001, LLC	Delaware
ARG MENTLMS001, LLC	Delaware
ARG MEONNAL001, LLC	Delaware
ARG MEOWCAL001, LLC	Delaware
ARG MEPHCAL001, LLC	Delaware
ARG MERDBAL001, LLC	Delaware
ARG MERDBAL003, LLC	Delaware
ARG MERSSAL001, LLC	Delaware
ARG MERSTLA001, LLC	Delaware
ARG MERVDGA001, LLC	Delaware
ARG MESMOAR001, LLC	Delaware
ARG MESMVGA001, LLC	Delaware
ARG MESRCAR001, LLC	Delaware
ARG METOCGA001, LLC	Delaware
ARG METOCGA002, LLC	Delaware
ARG METRNGA001, LLC	Delaware
ARG MEVNAAL001, LLC	Delaware
ARG MEWSKGA001, LLC	Delaware
ARG MEWSKGA002, LLC	Delaware
ARG MEWSKGA003, LLC	Delaware
ARG PH14SLB001, LLC	Delaware
ARG PH17SLB001, LLC	Delaware
ARG PH31SLB001, LLC	Delaware
ARG PHCHRNC002, LLC	Delaware
ARG PHCMBOH001, LLC	Delaware
ARG PHCMBOH002, LLC	Delaware
ARG PHGTNNC001, LLC	Delaware
ARG PHMDLTX001, LLC	Delaware
ARG PHNLXOH001, LLC	Delaware
ARG PHNTNNC001, LLC	Delaware
ARG PHWSVOH001, LLC	Delaware
ARG PHZSVOH001, LLC	Delaware
ARG SBTLHFL001, LLC	Delaware
ARG SBTLHFL002, LLC	Delaware
ARG SBTLHFL003, LLC	Delaware
ARG SNBLXMS001, LLC	Delaware
ARG SNCLLMS001, LLC	Delaware



ARG SNELLMS001, LLC	Delaware
ARG SNGLFMS001, LLC	Delaware
ARG SNGLFMS002, LLC	Delaware
ARG SNGLFMS003, LLC	Delaware
ARG SNHTTMS001, LLC	Delaware
ARG SNLNBMS001, LLC	Delaware
ARG SNLTHFL001, LLC	Delaware
ARG SNMGEMS001, LLC	Delaware
ARG SNPLCFL001, LLC	Delaware
ARG SNPRVMS001, LLC	Delaware
ARG SNPTLMS001, LLC	Delaware
ARG SNRBRAL001, LLC	Delaware
ARG SNRVRFL001, LLC	Delaware
ARG SNRVRFL002, LLC	Delaware
ARG SNTSCAL001, LLC	Delaware
ARG SNTYLMS001, LLC	Delaware
ARG SNWCHFL001, LLC	Delaware
ARG SNWDVMS001, LLC	Delaware
ARG SNWVLMS001, LLC	Delaware
ARG SNWYNMS001, LLC	Delaware
ARG TJCNTKS001, LLC	Delaware
ARG TJCRKIA001, LLC	Delaware
ARG TJCRLIA001, LLC	Delaware
ARG TJINDMO001, LLC	Delaware
ARG TJMNHID001, LLC	Delaware
ARG TJNMKMN001, LLC	Delaware
ARG TJSPRMN001, LLC	Delaware
ARG TSAMCGA001, LLC	Delaware
ARG TSCDZOH001, LLC	Delaware
ARG TSCTLAZ001, LLC	Delaware
ARG TSFLDSD001, LLC	Delaware
ARG TSHZNND001, LLC	Delaware
ARG TSNCDOK001, LLC	Delaware
ARG TSSCRNM001, LLC	Delaware
ARG WO9PKIA001, LLC	Delaware
ARG WO9PSLB001, LLC	Delaware
Genie Acquisition, LLC	Delaware

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

Necessity Retail REIT (RTL) 10-K2019 FY Annual report

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