EXHIBIT 21
B. F. SAUL REAL ESTATE INVESTMENT TRUST LIST OF SUBSIDIARIES
100% OWNED SUBSIDIARIES
| | Site of Incorporation
| | Date of Acquisition/ Formation
| | Current Principal Business Activity
|
Arlington Hospitality Corp. | | Virginia | | 1997 | | Hotel Owner |
Auburn Hills Hotel Corporation | | Maryland | | 1994 | | Hotel Owner |
Auburn Hills Land Corp. | | Maryland | | 1997 | | Land Owner |
Avenel Executive Park Phase II, LLC | | Maryland | | 2000 | | Real Estate Investor |
Boca Raton East Hospitality Corp. | | Florida | | 1998 | | Hotel Owner |
Boca Raton West Hospitality Corp. | | Florida | | 1998 | | Hotel Owner |
Cascades Hospitality Corporation | | Virginia | | 1999 | | Hotel Owner |
Chain Bridge Hospitality Corporation | | Virginia | | 1999 | | Hotel Owner |
Circle 75 East Hospitality Corp. | | Georgia | | 2000 | | Inactive |
Circle 75 Hospitality Corp. | | Georgia | | 1999 | | Inactive |
Commerce Center Development Corp. | | Florida | | 1980 | | Office Bldg Owner |
Commerce Center Holdings LLC | | Florida | | 2000 | | Land Owner |
Crystal City Hospitality Corp. | | Virginia | | 1989 | | Hotel Owner |
Dearborn, L.L.C. | | Delaware | | 1992 | | Land Owner |
Dulles Hospitality Corp. | | Virginia | | 1997 | | Hotel Owner |
Dulles North Holdings Corp. | | Virginia | | 2000 | | Land Owner |
Dulles North Four, Corp. | | Virginia | | 1999 | | Office Bldg Owner |
Dulles North Five, Corp. | | Virginia | | 1999 | | Office Bldg Owner |
Dulles North Six, Corp. | | Virginia | | 2000 | | Office Bldg Owner |
Dulles North Seven Corp. | | Virginia | | 2000 | | Inactive |
Dulles North Office Park II Corporation | | Virginia | | 1998 | | Office Bldg Owner |
Ft. Lauderdale Hotel Corp. | | Florida | | 1998 | | Hotel Owner |
Gaithersburg Hospitality Corp. | | Maryland | | 1998 | | Hotel Owner |
Herndon Hotel Corporation | | Virginia | | 1996 | | Hotel Owner |
I-95 Yamato Condominium Association, Inc | | Florida | | 1998 | | Condominium |
LT One Corp. | | Virginia | | 1999 | | Office Bldg Owner |
LT Two LLC | | Virginia | | 2001 | | Inactive |
Metairie Office Tower, L.L.C. (a) | | Louisiana | | 2002 | | Inactive |
MHC Airport Inn, Inc. (b) | | New York | | 1980/1976 | | Hotel Operator |
MHC Corporation | | Maryland | | 1980/1974 | | Hotel Operator |
NVA Development Corporation | | Virginia | | 1984 | | Office Bldg Owner |
Peachtree/Northeast Corp. | | Georgia | | 1979 | | Land Owner |
Pueblo Hotel Corp. | | Colorado | | 1985 | | Hotel Owner |
Sharonville Hotel Corporation | | Ohio | | 1986 | | Hotel Owner |
Sterling Hotel Corp. | | Virginia | | 1997 | | Hotel Owner |
Sterling North Hospitality Corp. | | Virginia | | 1999 | | Inactive |
Sweitzer Lane LLC | | Maryland | | 2000 | | Office Bldg Owner |
Tysons Park, Inc. | | Virginia | | 1999 | | Office Bldg Owner |
Tysons Park II, Inc. | | Virginia | | 2000 | | Inactive |
900 Corporation | | Georgia | | 1981 | | Office Bldg Owner |
1000 Corporation | | Georgia | | 2000 | | Office Bldg Owner |
1100 Corporation | | Georgia | | 1979 | | Office Bldg Owner |
(a) | | Subsidiary of Dearborn, L.L.C. (b) Subsidiary of MHC Corporation |
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EXHIBIT 21
B. F. SAUL REAL ESTATE INVESTMENT TRUST
LIST OF SUBSIDIARIES (Continued)
Name
| | Note
| | Jurisdiction of Formation
| | Date of Acquisition/ Formation
| | Current Principal Business Activity
|
ASB Capital Management, Inc. | | (A) | | Maryland | | 2000 | | Investment Adviser |
Ashburn Village Development Corporation | | (D) | | Maryland | | 1991 | | Real Estate Owned (REO) |
Bailey’s Corporation (sold property 11/95) | | (D) | | Maryland | | 1993 | | Inactive |
Balmoral Golf Corporation | | (E) | | Maryland | | 1992 | | Inactive |
Bondy Way Development Corporation (sold property 3/02) | | (D) | | Maryland | | 1990 | | Inactive |
Brambleton Land Corporation (sold property 3/99) | | (D) | | Maryland | | 1977 | | Inactive |
Brooke Manor Land Corporation (sold property 8/96) | | (D) | | Maryland | | 1990 | | Inactive |
B.F. Saul Mortgage Company | | (B) | | Maryland | | 1984 | | Residential Loan Origination |
CCB Auto Leasing LLC | | (B) | | Delaware | | 2002 | | Inactive |
CCRE, Inc. | | (F) | | Maryland | | 1984 | | Inactive |
Cherrytree Corporation (sold property 11/97) | | (D) | | Maryland | | 1993 | | Inactive |
Chevy Chase Asset Management Company | | (B) | | Virginia | | 2000 | | Holding Company |
Chevy Chase Financial Services Corporation | | (B) | | Virginia | | 1996 | | Holding Company |
Chevy Chase Insurance Agency, Inc. | | (G) | | Maryland | | 1985 | | Insurance Agency |
Chevy Chase LT | | (C) | | Delaware | | 2002 | | Inactive |
Chevy Chase Mortgage Company | | (H) | | Maryland | | 1972 | | Inactive |
Chevy Chase Mortgage Company of Virginia | | (B) | | Virginia | | 1996 | | Inactive |
Chevy Chase Preferred Capital Corporation | | (B) | | Maryland | | 1996 | | Real Estate Investment Trust |
Chevy Chase Real Estate LLC | | (B) | | Virginia | | 2001 | | Holding Company |
Chevy Chase Securities, Inc. | | (G) | | Maryland | | 1984 | | Securities |
Chevy Chase Trust Company | | (B) | | Maryland | | 1997 | | Fiduciary Services |
CFC-Consumer Finance Corporation | | (B) | | Virginia | | 1994 | | Consumer Loan Origination |
Duvall Village Corporation (sold property 12/97) | | (D) | | Maryland | | 1992 | | Inactive |
First Balmoral Corporation | | (D) | | Maryland | | 1991 | | REO |
Great Seneca Development Corporation | | (D) | | Maryland | | 1991 | | REO |
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Hamlets at Brambleton, Inc. | | (J) | | Virginia | | 1997 | | REO |
Inglewood Corporation (sold property 11/95) | | (D) | | Maryland | | 1990 | | Inactive |
Manor Holding Corporation | | (B) | | Virginia | | 1996 | | Holding Company |
Manor Investment Company | | (I) | | Maryland | | 1971 | | Real Estate Ownership/Development |
Marbury I Corporation (sold property 1/00) | | (D) | | Maryland | | 1991 | | Inactive |
Marbury II Corporation (sold property 9/99) | | (D) | | Maryland | | 1991 | | Inactive |
NML Corporation (sold property, 3/02) | | (D) | | Maryland | | 1992 | | Inactive |
North Ode Street Development Corporation | | (F) | | Maryland | | 1981 | | Real Estate Finance/Development |
Oak Den, Inc. (sold remaining lots 10/94) | | (D) | | Maryland | | 1991 | | Inactive |
Old Chapel Corporation | | (D) | | Maryland | | 1992 | | REO |
Presley Corporation (sold property 5/94) | | (D) | | Maryland | | 1993 | | Inactive |
Primrose Development Corporation (sold property 8/02) | | (D) | | Maryland | | 1990 | | Inactive |
Ridgeview Centre Corporation (sold property 3/99) | | (D) | | Maryland | | 1992 | | Inactive |
Ronam Corporation Inc. (sold property 12/00) | | (D) | | Maryland | | 1986 | | Inactive |
Sully Park Corporation (sold property 6/96) | | (D) | | Maryland | | 1990 | | Inactive |
Sully Station Corporation (sold property 9/97) | | (D) | | Maryland | | 1990 | | Inactive |
Sycolin-Leesburg Corporation (sold property 5/00) | | (D) | | Maryland | | 1992 | | Inactive |
Terminal Drive Properties, LLC | | (D) | | Maryland | | 1991 | | REO |
(A) | | Subsidiary of Chevy Chase Asset Management Company |
(B) | | Subsidiary of Chevy Chase Bank, F.S.B. |
(C) | | A business trust formed by CCB Auto Leasing LLC |
(D) | | Subsidiary of Chevy Chase Real Estate LLC |
(E) | | Subsidiary of First Balmoral Corporation |
(F) | | Subsidiary of Manor Investment Company |
(G) | | Subsidiary of Chevy Chase Financial Services Corporation |
(H) | | Subsidiary of Chevy Chase Mortgage Company of Virginia |
(I) | | Subsidiary of Manor Holding Corporation |
(J) | | Subsidiary of Brambleton Land Corporation |
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