Exhibit 21.2 SUBSIDIARY STATE OF OTHER NAMES USED ORGANIZATION/INCORPORATION 767 Star, LLC Delaware None Acre Partners, L.L.C. Delaware None Acre Richfield, LLC Delaware None Acre Simon, L.L.C. Delaware None BM Center, LLC Delaware None Corporate Technology Centre Associates, LLC California None Corporate Technology Centre Associates II, LLC California None CTC Associates I, L.P. Delaware None CTC Associates I Genpar, LLC Delaware None FMAC Star Fund, L.L.P Connecticut None FMAC Starfund Preferred, Inc. Delaware None F/S Subsidiary, L.L.C. Delaware None iStar Asset Receivable Trust Delaware None iStar Asset Services, Inc. Delaware None iStar Cayman Bonds, Inc. Delaware None iStar Cayman Bonds, GP, Inc. Delaware None iStar D.B. Seller, Inc. Delaware None iStar D.C., Inc. Delaware None iStar/Denver Place, LLC Delaware None iStar Direct Holdings, LLC Delaware None iStar Financial Preferred, Inc. Delaware None iStar Merger Co. I Delaware None iStar Merger Co. II Delaware None iStar Poydras, LLC Delaware None iStar Real Estate Services, Inc. Maryland None iStar San Jose, LLC Delaware None iStar Sunnyvale Partners L.P. Delaware None iStar Ventures, LLC Delaware None iStar Walden, LLC Delaware None Newpar, LLC Delaware None Red Lion G.P., Inc. Delaware None RLH Partnership, L.P. Delaware None SFI I, LLC 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 Stars I Corp. Delaware None Starwood Operating, Inc. Delaware None TN-CP Venture One Texas None Trinet Concord Farms I Limited Partnership Massachusetts None Trinet Concord Farms II Limited Partnership Massachusetts None Trinet Concord Farms III Limited Partnership Massachusetts None Trinet Corporate Partners I, L.P. Delaware None Trinet Corporate Partnership II, LP. Delaware None Trinet Corporate Partnership III L.P. Delaware None Trinet Corporate Realty Trust, Inc. Maryland None Trinet Essentials Facilities I, Inc. Maryland None Trinet Essentials Facilities II, Inc. Maryland None Trinet Essentials Facilities III, Inc. Maryland None SUBSIDIARY STATE OF OTHER NAMES USED ORGANIZATION/INCORPORATION Trinet Essentials Facilities IV, Inc. Maryland None Trinet Essentials Facilities V, Inc. Maryland None Trinet Essentials Facilities VI, Inc. Maryland None Trinet Essentials Facilities VV, Inc. Maryland None Trinet Essentials Facilities VIIIr, Inc. Maryland None Trinet Essentials Facilities X, Inc. Maryland None Trinet Essentials Facilities XI, Inc. Maryland None Trinet Essentials Facilities XII, Inc. Maryland None Trinet Essentials Facilities XIII, Inc Maryland None Trinet Essentials Facilities XIV, Inc. Maryland None Trinet Essentials Facilities XV, Inc. Maryland None Trinet Essentials Facilities XVI, Inc. Maryland None Trinet Essentials Facilities XVIII, Inc. Maryland None Trinet Essentials Facilities XIX, Inc. Maryland None Trinet Essentials 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 XXIII, Inc. Maryland None Trinet Essential Facilities XXIX, Inc. Maryland None Trinet Essential Facilities XXX, Inc. Maryland None Trinet Management Operating Company, Inc. Maryland None Trinet Milpitas Associates, LLC Maryland None Trinet Property Partners, LP 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 Trinet Sunnyvale Partners, L.P. Maryland None Trinet XVII Realty Trust Maryland None W9/Trinet Poydras, LLC Maryland None