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EXHIBIT 21.0
NATIONAL INCOME REALTY TRUST
SUBSIDIARIES OF THE REGISTRANT
The following is a list of all subsidiaries and partnership interests of
National Income Realty Trust, the state or other jurisdiction of organization or
incorporation (indention means direct parent relationship):
Jurisdiction of
Organization or
Name of Entity Incorporation
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National Income Realty Trust California
Collegewood Property, Inc. Florida
Forest Oaks National, Inc. Texas
Lamplighter Associates (99%) California
Heron Cove National, Inc. Florida
National Omni Associates, L.P. (45.5%) Delaware
Lake Point National, Inc. Tennessee
Tarragon Lake Point L.P. (1%) Tennessee
Morningside National, Inc. Florida
Mountain View National, Inc. Nevada
Danforth National Apartments, Ltd. (1%) Florida
Mountain View National, L.P. (1%) Nevada
RI Panama City, Ltd. (1%) Florida
RI Windsor, Ltd. (1%) Florida
Tarragon Savannah L.P. (1%) Georgia
Plaza Hills National, Inc. Missouri
National Income Realty Investors, Inc. Nevada
JS Acquisition Corp. Nevada
Parkdale Gardens National Corp. Texas
PB Acquisition Corp. Nevada
Ansonia Apartments, L.P. (70%) Delaware
Regency Green National Corp. Nevada
Regent Circle, LLC (1%) Florida
Consolidated Capital Properties II (.5%) Texas
Consolidated Century Centre Associates (1%) California
Heather Limited Partnership (1%) Maryland
Lamplighter Associates (1%) California
Martins Landing Associates (1%) Georgia
Midway Mills Partners, L.P. (1%) Texas
Summit on the Lake Associates (1%) Texas
Vistas at Lake Worth L.P. (1%) Texas
West Dale National Associates, L.P. (1%) Texas
Woodbrier National L.P. (1%) Oklahoma
Woodcreek National Associates, L.P. (1%) Colorado
RI Panama City, Ltd. (49%) Florida
RI Windsor, Ltd. (49%) Florida
Rancho Sorrento Leasing Corp. Nevada
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Exhibit 21.0
(Continued)
NATIONAL INCOME REALTY TRUST
SUBSIDIARIES OF THE REGISTRANT
Jurisdiction of
Organization or
Name of Entity Incorporation
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Stewart Square National, Inc. Nevada
Texas National Construction, Inc. Texas
Bayfront National Associates, L.P. (100%) Texas
Bryan Hill Associates (1%) Georgia
Carlyle Tower National Associates L.P. (100%) Michigan
Consolidated Capital Properties II (99.5%) Texas
Bryan Hill Associates (99%) Georgia
English Village Partners (90%) California
Consolidated Century Centre Associates (99%) California
Danforth National Apartments, Ltd. (59%) Florida
Heather Limited Partnership (99%) Maryland
Marina Park National Partners (90%) Florida
Martins Landing Associates (99%) Georgia
Midway Mills Partners, L.P. (99%) Texas
Mountain View National, L.P. (99%) Nevada
Regent Circle, LLC (99%) Florida
Summit on the Lake Associates (99%) Texas
Tarragon Lake Point L.P. (99%) Tennessee
Tarragon Savannah L.P. (49%) Georgia
Vistas at Lake Worth L.P. (99%) Texas
West Dale National Associates, L.P. (99%) Texas
Woodbrier National L.P. (99%) Oklahoma
Woodcreek National Associates, L.P. (99%) Colorado