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  Exhibit 21.1

Jones Lang LaSalle Income Property Trust, Inc. Subsidiaries as of March 14, 2025			State or Jurisdiction or Incorporation			Percent Owned
Holding San Marcos LLC			Delaware			78.00
LIPT San Marcos LLC			Delaware			100.00
LIPT 140 Park Avenue, LLC			Delaware			100.00
LIPT Chestnut Street, LLC			Delaware			100.00
Aquinas Realty Investors II, LLC			Delaware			100.00
Aquinas Holdings II, LLC			Delaware			100.00
Aquinas 2021 Chestnut Street, General Partner, LLC			Delaware			100.00
Aquinas 2021 Chestnut Street, LP			Delaware			100.00
JLLIPT Holdings GP, LLC			Delaware			100.00
JLLIPT Holdings LP			Delaware			99.00
JLL Exchange TRS, LLC			Delaware			100.00
JLLX Ardenwood Master Tenant, LLC			Delaware			100.00
JLLX Ardenwood I, DST			Delaware			100.00
JLLX Ardenwood II, DST			Delaware			100.00
JLLX Chandler Distribution Center, DST			Delaware			100.00
JLLX Chandler Distribution Center Master Tenant, LLC			Delaware			100.00
JLLX Diversified II, DST			Delaware			100.00
JLLX Diversified II Master Tenant, LLC			Delaware			100.00
JLLX Diversified Portfolio III, DST			Delaware			100.00
JLLX Diversified Portfolio III Master Tenant, LLC			Delaware			100.00
JLLX Diversified Portfolio VI, DST			Delaware			100.00
JLLX Diversified Portfolio VI Master Tenant, LLC			Delaware			100.00
JLLX Diversified Portfolio VIII, DST			Delaware			100.00
JLLX Diversified Portfolio VIII Master Tenant, LLC			Delaware			100.00
JLLX Diversified 9, DST			Delaware			100.00
JLLX Diversified 9, Master Tenant, LLC			Delaware			100.00
JLLX Elgin Distribution Center, DST			Delaware			100.00
JLLX Elgin Distribution Center Master Tenant, LLC			Delaware			100.00
JLLX Friendship Distribution Master Tenant, LLC			Delaware			100.00
JLLX Friendship Distribution Center, DST			Delaware			100.00
JLLX Friendship Distribution Center Springing, LLC			Delaware			100.00
JLLX Grand Prairie Distribution Center, DST			Delaware			100.00
JLLX Grand Prairie Distribution Center Master Tenant, LLC			Delaware			100.00
JLLX Johns Creek Master Tenant, LLC			Delaware			100.00
JLLX Johns Creek, DST			Delaware			100.00
JLLX Johns Creek, LLC			Delaware			100.00
JLLX Louisville Logistics Center			Delaware			100.00
JLLX Louisville Logistics Master Tenant LLC			Delaware			100.00
JLLX Mason Mill Master Tenant, LLC			Delaware			100.00
JLLX Mason Mill, DST			Delaware			100.00
JLLX Mason Mill, LLC			Delaware			100.00
JLLX Milford Crossing Master Tenant, LLC			Delaware			100.00

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Jones Lang LaSalle Income Property Trust, Inc. Subsidiaries as of March 14, 2025			State or Jurisdiction or Incorporation			Percent Owned
JLLX Milford Crossing, DST			Delaware			100.00
JLLX Milford Crossing, LLC			Delaware			100.00
JLLX North Andover Apartments, DST			Delaware			100.00
JLLX North Andover Apartments Master Tenant, LLC			Delaware			100.00
JLLX Penfield Master Tenant, LLC			Delaware			100.00
JLLX Penfield, DST			Delaware			100.00
JLLX Penfield, LLC			Delaware			100.00
JLLX San Marcos Master Tenant, LLC			Delaware			100.00
JLLX San Marcos, DST			Delaware			100.00
JLLX San Marcos, LLC			Delaware			100.00
JLLX SJC Medical Office Master Tenant, LLC			Delaware			100.00
JLLX SJC Medical Office, DST			Delaware			100.00
JLLX SJC Medical Office, LLC			Delaware			100.00
JLLX Taunton Distribution Center, DST			Delaware			100.00
JLLX Taunton Distribution Center Master Tenant, LLC			Delaware			100.00
JLLX Townlake of Coppell, DST			Delaware			100.00
JLLX Townlake of Coppell Master Tenant, LLC			Delaware			100.00
JLLX Villas at Legacy Master Tenant, LLC			Delaware			100.00
JLLX Villas at Legacy, DST			Delaware			100.00
JLLX Villas at Legacy, LLC			Delaware			100.00
JLLX Montecito Marketplace Master Tenant, LLC			Delaware			100.00
JLLX Montecito Marketplace, DST			Delaware			100.00
JLLX Montecito Marketplace, LLC			Delaware			100.00
JLLX Whitestown Master Tenant, LLC			Delaware			100.00
JLLX Whitestown, DST			Delaware			100.00
JLLX Whitestown, LLC			Delaware			100.00
JLLX Louisville Airport Distribution Center Master Tenant			Delaware			100.00
JLLX Louisville Airport Distribution Center DST			Delaware			100.00
JLLX Louisville Airport Distribution Center LLC			Delaware			100.00
JLLX The Preserve at the Meadows Master			Delaware			100.00
JLLX The Preserve at the Meadows DST			Delaware			100.00
JLLX The Preserve at the Meadows, LLC			Delaware			100.00
JLLX Rockwell Apartments Master Tenant			Delaware			100.00
JLLX Rockwell Apartments DST			Delaware			100.00
JLLX Rockwell Apartments, LLC			Delaware			100.00
JLLX Stony Point Master Tenant LLC			Delaware			100.00
JLLX Stony Point DST			Delaware			100.00
JLLX Stony Point, LLC			Delaware			100.00
JLLX Reserve at Venice, DST			Delaware			100.00
JLLX Reserve at Venice Master Tenant LLC			Delaware			100.00
JLLX Reserve at Venice, LLC			Delaware			100.00
JLLX West Phoenix Distribution Center, DST			Delaware			100.00
JLLX West Phoenix Distribution Center Master Tenant, LLC			Delaware			100.00

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Jones Lang LaSalle Income Property Trust, Inc. Subsidiaries as of March 14, 2025			State or Jurisdiction or Incorporation			Percent Owned
JLLX Woodside Trumbull Apartments, DST			Delaware			100.00
JLLX Woodside Trumbull Apartments Master Tenant, LLC			Delaware			100.00
ELPF Howell Mill LLC			Delaware			100.00
ELPF Kendall LLC			Delaware			100.00
ELPF Lafayette Subsidiary, Inc.			Delaware			100.00
Holding Lafayette LLC			Delaware			100.00
ELPF Lafayette Member LLC			Delaware			100.00
ELPF Lafayette LLC			Delaware			100.00
ELPF Norfleet LLC			Delaware			100.00
LIPT 10th Street East, LLC			Delaware			100.00
LIPT 1225 Michael Drive, LLC			Delaware			100.00
LIPT 1300-1350 Michael Drive, LLC			Delaware			100.00
LIPT 170 Park Avenue, LLC			Delaware			100.00
LIPT 2212 Vermont Drive, LLC			Delaware			100.00
LIPT 27th Avenue SE, LLC			Delaware			100.00
LIPT 350 Riva Ridge Drive, LLC			Delaware			100.00
LIPT 3324 Trinity Boulevard, LLC			Delaware			100.00
LIPT 47 National Way Member, LLC			Delaware			100.00
LIPT 47 National Way, LP			Delaware			100.00
LIPT 4900 Boardwalk Drive, LLC			Delaware			100.00
LIPT 5 National Way Member, LLC			Delaware			100.00
LIPT 5 National Way, LP			Delaware			100.00
LIPT Airport Drive, LLC			Delaware			100.00
LIPT Allan Drive, LLC			Delaware			100.00
LIPT Anson Blvd, LLC			Delaware			100.00
LIPT Arbor Lakes, LLC			Delaware			100.00
LIPT Ash Meadows Lane, LLC			Delaware			100.00
LIPT ASP Valencia, LLC			Delaware			100.00
LIPT Aurora Avenue, LLC			Delaware			100.00
LIPT Bath Road, LLC			Delaware			100.00
LIPT Belmont Avenue Urban Renewal, LLC			Delaware			100.00
LIPT Bixby Member, LLC			Delaware			100.00
LIPT Bixby JV, LLC			Delaware			95.00
LIPT Bixby I, LLC			Delaware			100.00
LIPT Bixby II, LLC			Delaware			100.00
LIPT Bixby III, LLC			Delaware			100.00
LIPT Bixby IV, LLC			Delaware			100.00
LIPT Bixby V, LLC			Delaware			100.00
LIPT Boulder Falls Street, LLC			Delaware			100.00
Boulder Falls Street JV, LLC			Delaware			95.00
LIPT Britannia Drive, LLC			Delaware			100.00
LIPT Charles F. Colton Road, LLC			Delaware			100.00
LIPT Clermont Road, LLC			Delaware			100.00

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Jones Lang LaSalle Income Property Trust, Inc. Subsidiaries as of March 14, 2025			State or Jurisdiction or Incorporation			Percent Owned
LIPT Collins Avenue, LLC			Delaware			100.00
LIPT Colorado Boulevard, LLC			Delaware			100.00
LIPT Conestoga Parkway, LLC			Delaware			100.00
LIPT Corporate Drive, LLC			Delaware			100.00
LIPT East Germann Road, LLC			Delaware			100.00
LIPT East Greenway Parkway, LLC			Delaware			100.00
LIPT East Kaahumanu Avenue, LLC			Delaware			100.00
LIPT East Silverado Ranch, LLC			Delaware			100.00
LIPT Foothill Boulevard, LLC			Delaware			100.00
LIPT Genesee Avenue, LLC			Delaware			100.00
LIPT Giant Road, LLC			Delaware			100.00
LIPT Grand Lakes GP LLC			Delaware			100.00
Cinco Grand & Fry Retail LP			Texas			90.00
LIPT Grand Lakes Retail LLC			Delaware			100.00
LIPT Highway 114, LLC			Delaware			100.00
LIPT Hogum Bay Road LLC			Delaware			100.00
LIPT Investors, LLC			Delaware			100.00
LIPT Johnson Ferry Road, LLC			Delaware			100.00
LIPT Johns Creek Commons, LLC			Delaware			100.00
LIPT Kingston Member, LLC			Delaware			100.00
Kingston JV Apartments LLC			Delaware			80.00
LIPT Lake Howell Apartments, LLC			Delaware			100.00
LIPT Lane Parke, LLC			Delaware			100.00
LIPT Lewis Mittel, LLC			Delaware			100.00
LIPT Loan HoldCo, LLC			Delaware			100.00
LIPT Madison Industrial Lane, LLC			Delaware			100.00
LIPT Mason Mill Road, LLC			Delaware			100.00
LIPT McFarland Drive Member, LLC			Delaware			100.00
LIPT McFarland Drive Retail, LLC			Delaware			100.00
LIPT Medway Road, LLC			Delaware			100.00
LIPT MOB PORTFOLIO, LLC			Delaware			100.00
LIPT MOB Portfolio I, LLC			Delaware			100.00
LIPT Gezon Parkway LLC			Delaware			100.00
LIPT Gilman Road, LLC			Delaware			100.00
LIPT Northeast 82nd Street, LLC			Delaware			100.00
LIPT Primrose Street, LLC			Delaware			100.00
LIPT Roe Boulevard, LLC			Delaware			100.00
LIPT Southwest 7 Highway, LLC			Delaware			100.00
LIPT Summergate Boulevard, LLC			Delaware			100.00
LIPT Virginia Station LLC			Delaware			100.00
LIPT Zinfandel Drive, LLC			Delaware			100.00
LIPT NE Alderwood Road, LLC			Delaware			100.00
LIPT North Durango Drive, LLC			Delaware			100.00

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Jones Lang LaSalle Income Property Trust, Inc. Subsidiaries as of March 14, 2025			State or Jurisdiction or Incorporation			Percent Owned
LIPT North Dayton Street, LLC			Delaware			100.00
LIPT North Jasper Drive, LLC			Delaware			100.00
LIPT North Jefferson Street, LLC			Delaware			100.00
LIPT North Moore Road, LLC			Delaware			100.00
Coppell Properties, LLC			Delaware			100.00
LIPT Northport Court, LLC			Delaware			100.00
LIPT Northport Loop East, LLC			Delaware			100.00
LIPT NW Buford Highway, LLC			Delaware			100.00
LIPT NW Cedar Falls Drive, LLC			Delaware			100.00
LIPT Oak Grove, LLC			Delaware			100.00
LIPT Ontario Street, LLC			Delaware			100.00
LIPT Orchard Gateway, LLC			Delaware			100.00
LIPT Osgood Street, LLC			Delaware			100.00
LIPT Otay Mesa Road, LLC			Delaware			100.00
LIPT Presley, LLC			Delaware			100.00
Presley Uptown Venture, LLC			Delaware			100.00
LIPT PM, LLC			Delaware			100.00
LIPT Reems Road, LLC			Delaware			100.00
LIPT San Diego, LLC			Delaware			100.00
LIPT Sanyo Avenue, LLC			Delaware			100.00
LIPT SFR Portfolio II, LLC			Delaware			100.00
LIPT SFR REIT, LLC			Delaware			100.00
LIPT SFR Portfolio, LLC			Delaware			100.00
LIPT Shepherdsville Road, LLC			Delaware			100.00
LIPT Spokane Street LLC			Delaware			100.00
LIPT Stony Point Parkway, LLC			Delaware			100.00
LIPT Summergate Boulevard, LLC			Delaware			100.00
LIPT SW Cedar Brook Way, LLC			Delaware			100.00
LIPT SW Fifth Avenue, LLC			Delaware			100.00
LIPT SW Oak Street, LLC			Delaware			100.00
LIPT Sylvan Way, LLC			Delaware			100.00
LIPT Thomas Parkway, LLC			Delaware			100.00
LIPT Touhy McCormick, LLC			Delaware			100.00
LIPT Tremington Member, LLC			Delaware			100.00
NWP Tremington JV LLC			Delaware			75.00
NWP Huntington Owner LLC			Delaware			100.00
NWP Tremont Owner LLC			Delaware			100.00
LIPT Trinity Boulevard, LLC			Delaware			100.00
LIPT Twin Lakes Member, LLC			Delaware			100.00
LIPT Twin Lakes, LP			Delaware			99.00
LIPT Valencia Commerceplex, LLC			Delaware			100.00
LIPT West Chandler Boulevard, LLC			Delaware			100.00
LIPT West Fountainhead Parkway, LLC			Delaware			100.00

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Jones Lang LaSalle Income Property Trust, Inc. Subsidiaries as of March 14, 2025			State or Jurisdiction or Incorporation			Percent Owned
LIPT West Frye Road, LLC			Delaware			100.00
LIPT West Frye Road Phase II, LLC			Delaware			100.00
LIPT West Spring Creek Parkway, LLC			Delaware			100.00
LIPT Whitestone Boulevard, LLC			Delaware			100.00
LIPT Winchester Road, LLC			Delaware			100.00
LIPT Woodside Court, LLC			Delaware			100.00
MIVPO Member LLC			Delaware			100.00
MIVPO LLC			Delaware			100.00