LIST OF SUBSIDIARIES STATE OR ORGANIZATION/ SUBSIDIARY INCORPORATION OTHER NAMES USED - ---------- ---------------------- -------------------------- BM Center, LLC Delaware None FMAC Star Fund, L.L.P. Connecticut None Red Lion G.P., Inc. Delaware None RLH Partnership, L.P. Delaware None SFT I. Inc. Delaware Starwood Financial I (CA) SFT II. Inc. Delaware Starwood Financial II (CA) SFT Bonds A, Inc. Delaware None SFT-Ford City, Inc. Delaware None SFT-Port Charlotte, Inc. Delaware None SFT-Sun Valley, Inc. Delaware None SFT/RLH, Inc. Delaware None SFT Venturer, LLC Delaware None SFT Whole Loans A, Inc. Delaware None Starwood Cayman Bonds, Inc. Delaware None Starwood Cayman Bonds GP, Inc. Delaware None Starwood D.C., Inc. Delaware None Starwood/Denver Place, L.L.C. Delaware None Starwood Financial Advisors, L.L.C. Delaware None TriNet Corporate Realty Trust, Inc. Maryland None TriNet Essential Facilites I, Inc. Maryland None TriNet Essential Facilities II, Inc. Maryland None TriNet Essential Facilities III, Inc. Maryland None TriNet Essential Facilities IV, Inc. Maryland None TriNet Essential Facilities V, Inc. Maryland None TriNet Essential Facilities VI, Inc. Maryland None TriNet Essential Facilities VII, Inc. Maryland None TriNet Essential Facilities VIIIR, Inc. Maryland None TriNet Essential Facilities X, Inc. Maryland None TriNet Essential Facilities XI, Inc. Maryland None TriNet Essential Facilities XII, Inc. Maryland None TriNet Essential Facilities XIV, Inc. Maryland None TriNet Essential Facilities XV, Inc. Maryland None TriNet Essential Facilities XVI, Inc. Maryland None TriNet XVII Realty Trust, a Massachusetts business trust Maryland None TriNet Essential Facilities XVIII, Inc. Maryland None TriNet Essential Facilities XIX, Inc. Maryland None TriNet Essential Facilities XX, Inc. Maryland None TriNet Essential Facilities XXI, Inc. Maryland None TriNet Essential Facilities XXII, Inc. Maryland None TriNet Essential Facilities XXIII, Inc. Maryland None TriNet Essential Facilities XXIV, Inc. Maryland None TriNet Essential Facilities XXV, Inc. Maryland None TriNet Essential Facilities XXVI, Inc. Maryland None TriNet Essential Facilities XXVII, Inc. Maryland None TriNet Essential Facilities XXVIII, Inc. Maryland None TriNet Essential Facilities XXIX, Inc. Maryland None TriNet Essential Facilities XXX, Inc. Maryland None TriNet Corporate Partners I, L.P., a Delaware limited partnership Maryland None STATE OR ORGANIZATION/ SUBSIDIARY INCORPORATION OTHER NAMES USED - ---------- ---------------------- -------------------------- TriNet Corporate Partners II, L.P., a Delaware limited partnership Maryland None TriNet Corporate Partners III, L.P., a Delaware limited partnership Maryland None TriNet Property Management, Inc. Maryland None TriNet Property Partners, L.P., a Delaware limited partnership Maryland None TriNet Realty Capital, Inc. Maryland None TriNet Realty Investors I, Inc. Maryland None TriNet Realty Investors II, Inc. Maryland None TriNet Realty Investors III, Inc. Maryland None TriNet Realty Investors IV, Inc. Maryland None TriNet Realty Investors V, Inc. Maryland None TriNet Realty Ventures, Inc. Maryland None