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EXHIBIT 21.1

RESOURCE AMERICA, INC.

LIST OF SUBSIDIARIES

	NAME OF SUBSIDIARIES		STATE OF INCORPORATION/ COUNTRY
	FLI Holdings, Inc.		Delaware
	LEAF Asset Management, LLC		Delaware
	LEAF Financial Corporation		Delaware
	LEAF Funding, Inc.		Delaware
	LEAF Ventures II, LLC		Delaware
	LEAF Ventures, LLC		Delaware
	Merit Capital Advance, LLC		Delaware
	Merit Capital Manager, LLC		Delaware
	Merit Processing, LLC		Delaware
	Prompt Payment, LLC		Delaware
	Resource Leasing, Inc.		Delaware
	RAI Ventures, Inc.		Delaware
	Resource Asset Management, LLC		Delaware
	CVC Credit Partners, LLC		Delaware
	CVC Global Credit Opportunities Fund GP, LLC		Delaware
	Ischus Capital Management, LLC		Delaware
	Northport Capital, LLC		Delaware
	Pearlmark Real Estate, LLC		Delaware
	Pelium Capital GP, LLC		Delaware
	Pelium Capital Management LLC		Delaware
	RA Equity Co. LLC		Delaware
	Resource Capital Investor, LLC		Delaware
	Resource Capital Manager, Inc.		Delaware
	Resource Capital Markets, Inc.		Delaware
	Resource Europe Management Limited		United Kingdom
	Resource Financial Fund Management, Inc.		Delaware
	Resource Financial Institutions Group, Inc.		Delaware
	Resource Income Advisors, Inc.		Delaware
	Resource Residential Mortgage, LLC		Delaware
	Trapeza Capital Management, LLC		Delaware
	Trapeza Management Group, LLC		Delaware
	Trapeza Manager, Inc.		Delaware
	Trapeza TPS, LLC		Delaware
	RCP Bent Oaks Manager, LLC		Delaware
	RCP Cape Cod Manager, LLC		Delaware
	RCP Chenal Brightwaters Manager, LLC		Delaware
	RCP Coach Lantern Manager, LLC		Delaware
	RCP Financial, LLC		Pennsylvania
	RCP Foxcroft Manager, LLC		Delaware

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RESOURCE AMERICA, INC.

LIST OF SUBSIDIARIES

(Continued)

	NAME OF SUBSIDIARIES		STATE OF INCORPORATION/ COUNTRY
	RCP Foxglove Manager, Inc.		Delaware
	RCP Grove Manager, LLC		Delaware
	RCP Heritage Lake Manager, LLC		Delaware
	RCP Highland Lodge Manager, Inc.		Delaware
	RCP Howell Bridge Manager, Inc.		Delaware
	RCP Magnolia Manager, LLC		Delaware
	RCP Memorial Tower Manager, LLC		Delaware
	RCP Park Hill Manager, LLC		Delaware
	RCP Partners, LP		Delaware
	RCP Pear Tree Manager, LLC		Delaware
	RCP Regents Center Manager, Inc.		Delaware
	RCP Ryan's Crossing Manager, LLC		Delaware
	RCP Santa Fe Manager, Inc.		Delaware
	RCP Tamarlane Manager, LLC		Delaware
	RCP Villas Manager, LLC		Delaware
	RCP Waterstone Manager, LLC		Delaware
	RCP West Wind Manager, LLC		Delaware
	RCP Westchase Wyndham Manager, LLC		Delaware
	RCP Wind Tree Manager, LLC		Delaware
	RCP Woodhollow Manager, LLC		Delaware
	RCP Woodland Hills Manager, LLC		Delaware
	RCP Woodland Village Manager, LLC		Delaware
	RCP Wyndridge Manager, LLC		Delaware
	Resource Capital Partners II, LLC		Delaware
	Resource Capital Partners, Inc.		Delaware
	Resource Commercial Mortgages, Inc.		Delaware
	Resource Housing Investors I, Inc.		Delaware
	Resource Housing Investors II, Inc.		Delaware
	Resource Housing Investors III, Inc.		Delaware
	Resource Housing Investors IV, Inc.		Delaware
	Resource Programs, Inc.		Delaware
	Resource Properties XXV, Inc.		Delaware
	Resource Properties XXVI, Inc.		Delaware
	Resource Properties XXX, Inc.		Delaware
	Resource Properties XXXI, Inc.		Delaware
	Resource Real Estate Australia Pty Ltd.		Australia
	Resource Real Estate Funding II, Inc.		Delaware
	Resource Real Estate Funding, Inc.		Delaware

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RESOURCE AMERICA, INC.

LIST OF SUBSIDIARIES

(Continued)

	NAME OF SUBSIDIARIES		STATE OF INCORPORATION/ COUNTRY
	Resource Real Estate Global Property Securities Ltd.		Australia
	Resource Real Estate Holdings, Inc.		Delaware
	Resource Real Estate Management, Inc.		Delaware
	Resource Real Estate Management, LLC		Delaware
	Resource Real Estate Opportunity Advisor II, LLC		Delaware
	Resource Real Estate Opportunity Advisor, LLC		Delaware
	Resource Real Estate Opportunity Manager II, LLC		Delaware
	Resource Real Estate Opportunity Manager, LLC		Delaware
	Resource Real Estate, Inc.		Delaware
	Resource RSI Phase I, LLC		Delaware
	Resource RSI Phase II, LLC		Delaware
	RRE Chenal Brightwaters TIC, LLC		Delaware
	RRE Heritage Lake TIC, LLC		Delaware
	RRE Highland Lodge Manager, Inc.		Delaware
	RRE Innovation Office Advisor, LLC		Delaware
	RRE Innovation Office Manager, LLC		Delaware
	RRE Leasco, LLC		Delaware
	RRE Oak Park Leaseco, LLC		Delaware
	RRE Regents Center TIC, LLC		Delaware
	RRE West Chase Wyndham TIC, LLC		Delaware
	RSI I Manager, Inc.		Delaware
	RSI II Manager, Inc.		Delaware
	Resource Securities, Inc.		Delaware

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