Exhibit 21
SUBSIDIARIES OF THE REGISTRANT
The subsidiaries below are owned by Forest City Realty Trust, Inc. except where a subsidiary's name is indented, in which case that subsidiary is owned by the next proceeding subsidiary whose name is not so indented. Names of certain subsidiaries have been omitted. These excluded subsidiaries, considered in the aggregate, do not constitute a significant subsidiary.
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| Name of Subsidiary | State of Incorporation/Organization |
| Forest City Enterprises, L.P. | Delaware |
| Forest City Properties, LLC | Ohio |
| Boulevard Mall SPE, LLC | Delaware |
| Forest City Commercial Group, LLC | Ohio |
| Forest City Commercial Holdings, LLC | New York |
| Forest City Fulton Street Building, LLC | New York |
| 625 Fulton Associates | New York |
| 625 Fulton Associates, LLC | New York |
| F.C. Member, Inc. | New York |
| Forest City Master Associates III, LLC | New York |
| FC Steinway Street Associates II, LLC | New York |
| Forest City NY Group, LLC | New York |
| FC 42 Hotel Member LLC | New York |
| 42 Hotel Member LLC | New York |
| FC Eighth Ave., LLC | Delaware |
| Forest City Residential Group, LLC | Ohio |
| WBA Woodlake, L.L.C. | Michigan |
| Stapleton North Town, LLC | Colorado |
| Forest City TRS, LLC | Delaware |
| FC Atlantic Yards, LLC | Delaware |
| FC Hawaii, Inc. | Hawaii |
| Forest City Ratner Companies, LLC | New York |
| Forest City Stapleton Land, LLC | Colorado |
| Stapleton Land, LLC | Colorado |
| FC Stapleton II, LLC | Colorado |
