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Removed:
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EXHIBIT 21.1
SUBSIDIARIES
The following is a list of active subsidiary corporations of the Registrant. Subsidiaries that are inactive or conduct no business have been omitted (“Omitted Subsidiaries”). Such Omitted subsidiaries which were considered in the aggregate do not constitute a significant subsidiary.
Modiv Operating Partnership, LP, a Delaware LP
modiv, LLC, a Delaware LLC
modiv TRS, LLC, a Delaware LLC
Modiv Advisors, LLC, a Delaware LLC
Modiv Venture Fund, LLC, a Delaware LLC
RU NG Melbourne FL, LLC
RU Martin Santa Clara CA, LLC
RU 6877-6971 West Frye Road Chandler AZ, LLC
RU Fairview Drive DeKalb IL, LLC
RU Elm Hill Pike Nashville TN, LLC
RU NG Parcel Melbourne FL, LLC
RU 8825 Statesville Road Charlotte NC, LLC
RU SE 51st Street Issaquah WA, LLC
RU South Avenue Yuma AZ, LLC
RU Levins Sacramento, LLC
RU PMI San Carlos, LLC
RU ITW Sky Park LLC
RU Sutter Rancho Cordova, LLC
RU L3 Carlsbad, LLC
Modiv Arrow Archbold OH, LLC
MDV Trophy Carson CA, LLC
MDV of Saint Paul MN, LLC
MDV LINPRE 8, LLC
MDV 1031, LLC
MDV Trinity 4, LLC
MDV Upstate NY, LLC
MDV Acquisition, LLC
MDV Andrews SC, LLC
MDV Piqua LLC
MDV Alleyton TX LLC
MDV SJE MN and OH LLC
MDV Lansing MI LLC
MDV Roscoe IL LLC
MDV Reading PA LLC
MDV Stealth MN LLC