| NAME OF SUBSIDIARY | STATE OF INCORPORATION OR ORGANIZATION | |
| FR Associates Limited Partnership | Maryland | |
| Andorra Associates | Pennsylvania | |
| Governor Plaza Associates | Pennsylvania | |
| Shopping Center Associates | Pennsylvania | |
| Berman Enterprises II Limited Partnership | Maryland | |
| FRIT Escondido Promenade, LLC | California | |
| FRIT Leasing & Development Services, Inc. | Delaware | |
| FRIT Santana Row TRS, Inc. | Delaware | |
| Congressional Plaza Associates, LLC | Maryland | |
| FR Pike 7 Limited Partnership | Delaware | |
| Federal/LPF GP, Inc. | Delaware | |
| Federal Realty Partners L.P. | Delaware | |
| FRLP, Inc. | Delaware | |
| Federal Realty Partners, Inc. | Delaware | |
| FR East Bay Bridge, LLC | Delaware | |
| East Bay Bridge Retail, LLC | Delaware | |
| Federal Realty Management Services, Inc. | Delaware | |
| FRIT Solar, Inc. | Delaware | |
| Santana Row ROF, Inc. | Delaware | |
| FR Mercer Mall, Inc. | Delaware | |
| FR Mercer Mall, LLC | Delaware | |
| FR Westgate Mall, Inc. | Delaware | |
| FR Westgate Mall, LLC | Delaware | |
| FR Assembly Square, LLC | Delaware | |
| FR Crow Canyon, Inc. | Delaware | |
| FR Crow Canyon, LLC | Delaware | |
| FR Linden Square, Inc. | Delaware | |
| FR Chelsea Commons I, Inc. | Delaware | |
| FR Chelsea Commons I, LLC | Delaware | |
| FR White Marsh, Inc. | Maryland | |
| Cordon Fairfield Business Trust | Maryland | |
| Campbell-Philadelphia Business Trust | Maryland | |
| Shoppes at Nottingham Square Business Trust | Maryland | |
| Retail Properties Business Trust | Maryland | |
| Nottingham Square Business Trust | Maryland | |
| White Marsh Plaza, LLC | Maryland | |
| White Marsh Plaza Limited Partnership | Maryland | |
| White Marsh Plaza Business Trust | Maryland | |
| Byron Station, LLC | Maryland | |
| Byron Station Limited Partnership, LLLP | Maryland | |
| The Avenue at White Marsh Business Trust | Maryland | |
| NVI-Avenue, LLC | Maryland | |
| Retail Funding Affiliates, LLC | Maryland | |
| FR Shoppers World, Inc. | Delaware | |
| FR Shoppers World, LLC | Delaware | |
| FR Florida, Inc. | Delaware | |
| FR Rollingwood, LLC | Delaware | |
| FR Rollingwood, Inc. | Delaware | |
| Federal Realty Boston, Inc. | Delaware | |
| Federal Realty West Coast, Inc. | Delaware | |
| FR Montrose Crossing, Inc. | Delaware | |
| FR Montrose Crossing, LLC | Delaware | |
| FR Montrose Crossing Borrower, LLC | Delaware | |
| FRIT CA Operations, Inc. | California | |
| FR Huntington Square, LLC | Delaware | |
| FR Darien, LLC | Delaware | |
| Street Retail, Inc. | Maryland | |
| SRI Old Town, LLC | California | |
| Street Retail Forest Hills I, LLC | Delaware | |
| Street Retail West GP, Inc. | Maryland | |
| Street Retail West I, L.P. | Delaware | |
| Street Retail West II, L.P. | Delaware | |
| Street Retail West 3, L.P. | Delaware | |
| Street Retail West 4, L.P. | Delaware | |
| Street Retail West 6, L.P. | Delaware | |
| Street Retail West 7, L.P. | Delaware | |
| Street Retail West 10, L.P. | Delaware | |
| Street Retail San Antonio, LP | Delaware | |
| SRI San Antonio, Inc. | Maryland | |
| SRI Texas, Inc. | Delaware | |
| FRIT San Jose Town and Country Village, LLC | California | |
| FR Sturtevant Street, Inc. | Delaware | |
| FR Sturtevant Street, LLC | Delaware | |
| SRI Assembly Row B5, LLC | Delaware | |
| SRI Assembly Row B6, LLC | Delaware | |
| SRI Assembly Row B7, LLC | Delaware | |
| SRI Assembly Row B8, LLC | Delaware | |
| SRI Assembly Row B9, LLC | Delaware | |
| Santana Row Services, Inc. | Delaware | |
| SRI/Continental JV, LLC | Delaware | |
| CCA Sepulveda, LLC | Delaware | |
| Rosecrans-Sepulveda Partners 3, LLC | Delaware | |
| PES Partners, LLC | Delaware | |
| Route 35 Shrewsbury L.P. | New Jersey | |
| Shrewsbury Commons L.P. | Washington | |
| Sea Girt L.P. | Washington | |
| 35 West, LLC | Washington | |
| Merritt Shrewsbury Commons LLC | Delaware | |
| Cole Grove West, LLC | Delaware | |
| FR 508 Broad Street, LLC | Delaware | |
| FR San Antonio Center, LLC | Delaware | |
| San Antonio Center II, LLC | Delaware | |
| Pike & Rose Condominium, Inc. | Delaware | |
| PNR Hotel XXVI JV LLC | Delaware | |
| PNR Hotel XXVI Owner LLC | Delaware | |
| PNR Hotel XXVI Operator LLC | Delaware | |
| FRIT Santana Row Office Holdings, LLC | Delaware | |
| SR Winchester, LLC | Delaware | |
| Assembly Row Condominium, Inc. | Delaware | |
| FRIT Shops at Sunset Place, LLC | Delaware | |
| FRIT Shops at Sunset Place Owner, LLC | Delaware | |
| FRIT Shops at Sunset Place Fee Owner, LLC | Delaware | |
| FRIT Cocowalk, LLC | Delaware | |
| FRIT Cocowalk Owner, LLC | Delaware | |
| 3206 Grand Avenue, LLC | Delaware | |
| Federal/Lion Venture LP | Delaware | |
| FLV Atlantic Plaza GP, LLC | Delaware | |
| FLV Atlantic Plaza Limited Partnership | Delaware | |
| FLV Campus Plaza GP, LLC | Delaware | |
| FLV Campus Plaza Limited Partnership | Delaware | |
| FLV Plaza del Mercado, LLC | Delaware | |
| FLV Plaza del Mercado, LP | Delaware | |
| FLV Greenlawn Plaza GP, LLC | Delaware | |
| FLV Greenlawn Plaza, LP | Delaware | |
| FLV Barcroft Plaza GP, LLC | Delaware | |
| FLV Barcroft Plaza, LP | Delaware | |
| FLV Free State GP, LLC | Delaware | |
| FL Free State Limited Partnership | Delaware | |
| FLV Pleasant Shops GP, LLC | Delaware | |
| FLV Pleasant Shops Limited Partnership | Delaware | |
