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Exhibit 21.1

Subsidiaries of the Registrant
As of December 31, 2025



Subsidiary NameJurisdiction
100 Belle Valley Apartments, LLCDelaware
101 Casa Mirella Way, LLCDelaware
1055 Harbor Sky Apartments, LLCDelaware
1200 K Street Lender, LLCDelaware
1250 Garage Owner, LLCDelaware
13900 Chadwick Parkway, LLCDelaware
16th Street Partners, LLCFlorida
17625 North 7 Street, LLCDelaware
200 Lincoln Retail, LLCDelaware
2102 Tallahassee Apartments, LLCDelaware
241 Norwood, LLCDelaware
250 Waikoloa Lot, LLCDelaware
250 Waikoloa Shops Holdings, LLCDelaware
250 Waikoloa Shops JV, LLCDelaware
250 Waikoloa Shops Member, LLCDelaware
250 Waikoloa Shops, LLCDelaware
33-41 Farnsworth, LLCDelaware
360 NM Holdings, LLCDelaware
3939 East Trinity Mills, LLCDelaware
401 Collins Boulevard LLCDelaware
4030 Phoenix Apartments, LLCDelaware
4610 Rogers Hotel Owner, LLCDelaware
4610 Rogers Hotel Tenant, LLCDelaware
4900 Long Beach Office Intermediate, LLCDelaware
4900 Long Beach Office, LLCDelaware
5175 Depew Retail Outparcel, LLCDelaware
5175 Depew Retail, LLCDelaware
6200 Raleigh Apartments, LLCDelaware
629 Sierra Vista Retail, LLCDelaware
701 Seventh Intermediate LLCDelaware
787 Gresham Apartments, LLCDelaware
823 Dayton Hotel Intermediate, LLCDelaware
823 Dayton Hotel Owner, LLCDelaware
823 Dayton Hotel Tenant, LLCDelaware
9750 Forest Lane, LLCDelaware
Archetype Holdings LLCDelaware
Archetype Investment Management LLCDelaware
Argentic H3 Holdings LLCDelaware
Auction.com Holding Company , Inc. Delaware
Bert L. Smokler, LLCDelaware
Casa Mirella Owner, LLCDelaware
Cherry Grove, Ltd.Florida
Cypresswood Retail Partners, LLCDelaware



DCA Homes, LLCFlorida
DCA Management, LLCFlorida
Diesel Ltd.Bermuda
Diesel Mortgage Investments, LLCDelaware
DSHI Opco LLCDelaware
Dublin PE JV LLCDelaware
Echelon DC Holdings Limited Ireland
Empire Acquisition, LLCDelaware
FIP Acquisitions I, LLC Delaware
FIP Acquisitions II, LLC Delaware
FIP Buyer, LLCDelaware
FIP Cranston, LLCDelaware
FIP Florida, LLCDelaware
FIP Greenville, LLCDelaware
FIP Lender, LLCDelaware
FIP Maryland, LLCDelaware
FIP Master Funding I, LLCDelaware
FIP Master Funding II, LLCDelaware
FIP Master Funding III, LLCDelaware
FIP Master Funding IV, LLCDelaware
FIP Master Funding L, LLCDelaware
FIP Master Funding LI, LLCDelaware
FIP Master Funding LII, LLCDelaware
FIP Master Funding LIII, LLCDelaware
FIP Master Funding LIV, LLCDelaware
FIP Master Funding LV, LLCDelaware
FIP Master Funding LVI, LLCDelaware
FIP Master Funding LVII, LLCDelaware
FIP Master Funding LVIII, LLCDelaware
FIP Master Funding LIX, LLCDelaware
FIP Master Funding LX, LLCDelaware
FIP Master Funding LXI, LLCDelaware
FIP Master Funding XI, LLCDelaware
FIP Master Funding XII, LLCDelaware
FIP Master Funding XXVII, LLCDelaware
FIP Master Funding IX, LLCDelaware
FIP Master Funding V, LLCDelaware
FIP Master Funding VI, LLCDelaware
FIP Master Funding VII, LLCDelaware
FIP Master Funding VIII, LLCDelaware
FIP Master Funding X, LLCDelaware
FIP Master Funding XIII, LLCDelaware
FIP Master Funding XIV, LLCDelaware
FIP Master Funding XIX, LLCDelaware
FIP Master Funding XL, LLCDelaware
FIP Master Funding XLI, LLCDelaware
2


FIP Master Funding XLII, LLCDelaware
FIP Master Funding XLIII, LLCDelaware
FIP Master Funding XLIV, LLCDelaware
FIP Master Funding XLV, LLCDelaware
FIP Master Funding XLVI, LLCDelaware
FIP Master Funding XLVII, LLCDelaware
FIP Master Funding XLVIII, LLCDelaware
FIP Master Funding XLIX, LLCDelaware
FIP Master Funding XV, LLCDelaware
FIP Master Funding XVI, LLCDelaware
FIP Master Funding XVII, LLCDelaware
FIP Master Funding XVIII, LLCDelaware
FIP Master Funding XX, LLCDelaware
FIP Master Funding XXI, LLCDelaware
FIP Master Funding XXII, LLCDelaware
FIP Master Funding XXIII, LLCDelaware
FIP Master Funding XXIV, LLCDelaware
FIP Master Funding XXIX, LLCDelaware
FIP Master Funding XXV, LLCDelaware
FIP Master Funding XXVI, LLCDelaware
FIP Master Funding XXVIII, LLCDelaware
FIP Master Funding XXX, LLCDelaware
FIP Master Funding XXXI, LLCDelaware
FIP Master Funding XXXII, LLCDelaware
FIP Master Funding XXXIII, LLCDelaware
FIP Master Funding XXXIV, LLCDelaware
FIP Master Funding XXXIX, LLCDelaware
FIP Master Funding XXXV, LLCDelaware
FIP Master Funding XXXVI, LLCDelaware
FIP Master Funding XXXVII, LLCDelaware
FIP Master Funding XXXVIII, LLCDelaware
FIP Nashville, LLCDelaware
FIP Ontario Investments ULCBritish Columbia (Canada)
FIP Parsippany, LLCDelaware
FIP Pennsylvania I LLCDelaware
FIP Pennsylvania II LLCDelaware
FIP TRS,LLCDelaware
FIP Warehouse Funding, LLCDelaware
FIPMaster Funding XXXVII, LLCDelaware
FPG CT JV Holdings, LLCDelaware
Fundamental Income Properties Parent, LLC Delaware
Fundamental Income Properties, LLCDelaware
Harbor Sky Apartments Holdings, LLCDelaware
HarborSky Holding Senior LLCDelaware
Holding JV BRI 1880 Towers at West, LLCDelaware
Island C-III Holdings II, LLCDelaware
3


Island C-III Holdings, LLCDelaware
Kentwood Apartments LPMichigan
Lakeshore STWD GEPT JV LLCDelaware
Leisure Colony Management LLCFlorida
Leisure Communities Management, LLCFlorida
LNR ADC Ventures LLCFlorida
LNR AFIS Asset Services LLCDelaware
LNR AFIS Holding I LLCDelaware
LNR AFIS Holding II LLCDelaware
LNR AFIS Holding III LLCDelaware
LNR AFIS Holdings LLCDelaware
LNR AFIS Investments LLCDelaware
LNR Alabama Partners, LLCDelaware
LNR California Partners, LLCCalifornia
LNR Capital Services, LLCFlorida
LNR CCR Advisor, LLCDelaware
LNR CCR, LLCDelaware
LNR CDO 2002-1 Ltd.Cayman Islands
LNR CDO 2002-1, LLCDelaware
LNR CDO 2003-1 Ltd.Cayman Islands
LNR CDO 2003-1, LLCDelaware
LNR CDO Depositor, LLCDelaware
LNR CDO III Ltd.Cayman Islands
LNR CDO III, LLCDelaware
LNR CDO IV Ltd.Cayman Islands
LNR CDO IV, LLCDelaware
LNR CDO V LLCDelaware
LNR CDO V Ltd.Cayman Islands
LNR Dakota Partners, LLCNorth Dakota
LNR DSHI Legacy, LLCFlorida
LNR Illinois Partners, LLCIllinois
LNR Madison Square, LLCDelaware
LNR Massachusetts Partners, LLCMassachusetts
LNR New Jersey Partners, LLCNew Jersey
LNR Partners California Manager, LLCCalifornia
LNR Partners Europa Associates Management, LLCFlorida
LNR Partners Parent, LLCDelaware
LNR Partners, LLCFlorida
LNR Property LLCDelaware
LNR Property Payroll LLCFlorida
LNR REFSG Holdings, LLCFlorida
LNR REFSG Investments, LLCDelaware
LNR Retail Corners Manager, LLCDelaware
LNR Securities CDO Legacy, LLCDelaware
LNR Securities Equity, LLCDelaware
LNR Securities Holdings II, LLCDelaware
4


LNR Securities Holdings III, LLCDelaware
LNR Securities Holdings IV, LLCDelaware
LNR Securities Holdings V, LLCDelaware
LNR Securities Holdings, LLCDelaware
LNR Securities Preferred, LLCDelaware
LNR Securities Reliance VI, LLCDelaware
LNR Securities Reliance, LLCDelaware
LNR Texas Partners, LLCTexas
LNR Utah Partners, LLCUtah
Lutz/GordonMichigan
Lyncrest Holdings, LLC Delaware
Madison Square 2004-1 Corp.Delaware
Madison Square 2004-1 Corp.Delaware
Madison Square 2004-1 Ltd.Cayman Islands
Madison Square 2004-1 Ltd.Cayman Islands
Madison Square Company LLCDelaware
Madison Square Mortgage Securities, LLCDelaware
Market Street SF Hotel Holdings, LLCDelaware
MMP 5555 San Felipe, LLCDelaware
MMP/SPT BAC JV, LLCDelaware
MRF Sub 1, LLCDelaware
MRF Trust IDelaware
Museum Building Holdings, LLCDelaware
North Troy Timberland Office II, LLCDelaware
North Troy Timberland Office III, LLCDelaware
North Troy Timberland Office IV, LLCDelaware
Novare National Settlement Service of Alabama, LLCAlabama
Novare National Settlement Service, LLCDelaware
Novare Settlement Holdings, LLCDelaware
Pines Self Storage Associates, Ltd.Florida
Red Hills CH, LLCDelaware
Residences at Concord JV, LLCDelaware
Residences at Concord PE Member, LLCDelaware
Salem Harbor Power HoldCo LLCDelaware
SCG Core Plus Retail Fund, LPDelaware
SGH Holdco LLCDelaware
SMRF Depositor, LLCDelaware
SMRF Servicing Administrator, LLCDelaware
SMRF TRS, LLCDelaware
SMRF Trust Holdings II, LLCDelaware
SMRF Trust Holdings II-A, LLCDelaware
SMRF Trust Holdings IX, LLC Delaware
SMRF Trust Holdings IX-A, LLC Delaware
SMRF Trust Holdings VI, LLCDelaware
SMRF Trust Holdings VI-A, LLCDelaware
SMRF Trust Holdings VII, LLCDelaware
5


SMRF Trust Holdings VII-A, LLCDelaware
SMRF Trust Holdings VIII, LLC Delaware
SMRF Trust Holdings VIII-A, LLC Delaware
SMRF Trust Holdings X, LLC Delaware
SMRF Trust Holdings X-A, LLC Delaware
SMRF Trust IDelaware
SMRF Trust I-ADelaware
SMRF Trust IIDelaware
SMRF Trust II-ADelaware
SMRF Trust IX Delaware
SMRF Trust IX-A Delaware
SMRF Trust VIDelaware
SMRF Trust VI-ADelaware
SMRF Trust VIIDelaware
SMRF Trust VII-ADelaware
SMRF Trust VIIIDelaware
SMRF Trust VIII-ADelaware
SMRF Trust X Delaware
SMRF Trust X-A Delaware
SPE 1825 Parker Road Holdings, LLC Georgia
SPT 701 Lender, L.L.C.Delaware
SPT Acquisitions Holdco, LLCDelaware
SPT Acquisitions Sub-1, LLCDelaware
SPT Acquisitions Sub-1-A, LLCDelaware
SPT Atlanta Partner, LLCDelaware
SPT Atlanta Partner, LLCDelaware
SPT BH Holdings, LLCDelaware
SPT CA Fundings 2, LLCDelaware
SPT CA Fundings, LLCDelaware
SPT CB Holdings, LLCDelaware
SPT Cedar Parent, LLCDelaware
SPT Chatsworth Holdings, L.L.C.Delaware
SPT CLO Sub-REIT SH TRS Holdings, LLC Delaware
SPT CLO Sub-REIT SH, LLCDelaware
SPT CRE CLO Equity Parent, LLC Delaware
SPT CRE Property Holdings 2015, LLCDelaware
SPT Dolphin Avalon Reserve LLCDelaware
SPT Dolphin Buena Vista I LLCDelaware
SPT Dolphin Buena Vista II LLCDelaware
SPT Dolphin Camellia Pointe LLCDelaware
SPT Dolphin Congress Park LLCDelaware
SPT Dolphin Cyprus Point LLCDelaware
SPT Dolphin Glen Oaks LLCDelaware
SPT Dolphin Hickory Pointe LLCDelaware
SPT Dolphin Hidden Creek LLCDelaware
SPT Dolphin Holdings LLCDelaware
6


SPT Dolphin Holdings Parent LLCDelaware
SPT Dolphin Homestead Colony LLCDelaware
SPT Dolphin ICB LLCDelaware
SPT Dolphin Intermediate LLCDelaware
SPT Dolphin Madison Chase LLCDelaware
SPT Dolphin Madison Commons LLCDelaware
SPT Dolphin Magnolia Pointe LLCDelaware
SPT Dolphin Mariners Cove LLCDelaware
SPT Dolphin Metro Place I LLCDelaware
SPT Dolphin Metro Place II LLCDelaware
SPT Dolphin Osprey Ridge LLCDelaware
SPT Dolphin Palmetto Trace LLCDelaware
SPT Dolphin Parent LLCVermont
SPT Dolphin Park Avenue LLCDelaware
SPT Dolphin Pointe Vista I LLCDelaware
SPT Dolphin Pointe Vista II LLCDelaware
SPT Dolphin Providence Reserve LLCDelaware
SPT Dolphin Sand Lake LLCDelaware
SPT Dolphin Spring Harbor LLCDelaware
SPT Dolphin Waterford Pointe LLCDelaware
SPT Dolphin West Pointe LLCDelaware
SPT Dolphin Whistlers Cove LLCDelaware
SPT FDS Troy JV, LLCDelaware
SPT Friedman Sierra Vista JV, LLCDelaware
SPT Glen Burnie Partner, LLCDelaware
SPT HD Holdings, LLCDelaware
SPT HD Holdings, Ltd.Delaware
SPT Infrastructure 2021-SIF2 Retention Holder, LLC Delaware
SPT Infrastructure 2024-SIF-3 Retention Holder, LLCDelaware
SPT Infrastructure 2024-SIF-4 Retention Holder, LLCDelaware
SPT Infrastructure 2025-SIF5 Retention Holder, LLC Delaware
SPT Infrastructure 2025-SIF6 Retention Holder, LLC Delaware
SPT Infrastructure 2026-SIF7 Retention Holder, LLC Delaware
SPT Infrastructure CLO Equity Parent, LLCDelaware
SPT Infrastructure CLO Retention Holder, LLCDelaware
SPT Infrastructure CLO Seller, LLCDelaware
SPT Infrastructure Finance Domestic TRS, LLCDelaware
SPT Infrastructure Finance Holdings, LLCDelaware
SPT Infrastructure Finance Offshore TRS, Ltd.Cayman Islands
SPT Infrastructure Finance Offshore TRS, Ltd.Jersey
SPT Infrastructure Finance Servicer, LLCDelaware
SPT Infrastructure Finance Sub-1 CB, LLCDelaware
SPT Infrastructure Finance Sub-1, LLCDelaware
SPT Infrastructure Finance Sub-2, Ltd.Cayman Islands
SPT Infrastructure Finance Sub-3 CB, LLCDelaware
SPT Infrastructure Finance Sub-3, LLCDelaware
7


SPT Infrastructure Finance Sub-4 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-4 (DT), LLCDelaware
SPT Infrastructure Finance Sub-4 (OT) CB, Ltd.Cayman Islands
SPT Infrastructure Finance Sub-4 (OT), Ltd.Cayman Islands
SPT Infrastructure Finance Sub-4 CB, LLCDelaware
SPT Infrastructure Finance Sub-4, LLCDelaware
SPT Infrastructure Finance Sub-5 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-5 (DT), LLCDelaware
SPT Infrastructure Finance Sub-5 (OT) CB, Ltd.Jersey
SPT Infrastructure Finance Sub-5 (OT), Ltd.Jersey
SPT Infrastructure Finance Sub-5 CB, LLCDelaware
SPT Infrastructure Finance Sub-5, LLCDelaware
SPT Infrastructure Finance Sub-6 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-6 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-6 (DT), LLCDelaware
SPT Infrastructure Finance Sub-6 (OT) CB, Ltd.Cayman Islands
SPT Infrastructure Finance Sub-6 (OT), Ltd.Cayman Islands
SPT Infrastructure Finance Sub-6 CB, LLCDelaware
SPT Infrastructure Finance Sub-6 CB, LLCDelaware
SPT Infrastructure Finance Sub-6, LLCDelaware
SPT Infrastructure Finance Sub-7 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-7 (DT), LLCDelaware
SPT Infrastructure Finance Sub-7 (Ot) CB, Ltd.Cayman Islands
SPT Infrastructure Finance Sub-7 (OT), Ltd.Cayman Islands
SPT Infrastructure Finance Sub-7 CB, LLCDelaware
SPT Infrastructure Finance Sub-7, LLC Delaware
SPT Infrastructure Finance Sub-8 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-8 (DT), LLCDelaware
SPT Infrastructure Finance Sub-8 (Ot) CB, Ltd.Cayman Islands
SPT Infrastructure Finance Sub-8 (OT), Ltd.Cayman Islands
SPT Infrastructure Finance Sub-8 CB, LLCDelaware
SPT Infrastructure Finance Sub-8, LLCDelaware
SPT Infrastructure Finance Sub-9 (DT) CB, LLCDelaware
SPT Infrastructure Finance Sub-9 (DT), LLCDelaware
SPT Infrastructure Finance Sub-9 (OT) CB, Ltd.Cayman Islands
SPT Infrastructure Finance Sub-9 (OT), Ltd.Cayman Islands
SPT Infrastructure Finance Sub-9 CB, LLCDelaware
SPT Infrastructure Finance Sub-9, LLCDelaware
SPT Infrastructure Finance, LLCDelaware
SPT Ivey 1 Rykowski MOB LLCDelaware
SPT Ivey 109 Rykowski MOB LLCDelaware
SPT Ivey 155 Crystal Run MOB LLCDelaware
SPT Ivey 300 Crystal Run MOB LLCDelaware
SPT Ivey 61 Emerald MOB LLCDelaware
SPT Ivey 8220 Naab Rd MOB LLCDelaware
SPT Ivey 8260 Naab Rd MOB LLCDelaware
8


SPT Ivey 95 Crystal Run MOB LLCDelaware
SPT Ivey Abilene MOB LLCDelaware
SPT Ivey Amarillo MOB LLCDelaware
SPT Ivey Boynton MOB LLCDelaware
SPT Ivey Brentwood CA MOB LLCDelaware
SPT Ivey Brownsburg MOB LLCDelaware
SPT Ivey Dowell Springs MOB LLCDelaware
SPT Ivey Eagle Carson City MOB LLCDelaware
SPT Ivey El Paso MOB LLCDelaware
SPT Ivey Frisco MOB LLCDelaware
SPT Ivey Greeley Cottonwood MOB LLCDelaware
SPT Ivey Greeley MOB LLCDelaware
SPT Ivey Hendersonville MOB LLCDelaware
SPT Ivey Holdings 2, LLCDelaware
SPT Ivey Holdings Parent, LLCDelaware
SPT Ivey Holdings, LLCDelaware
SPT Ivey Intermediate LLCDelaware
SPT Ivey Jersey City MOB LLCDelaware
SPT Ivey Johns Creek GA MOB LLCDelaware
SPT Ivey Parent LLCDelaware
SPT Ivey Rockwall MOB II LLCDelaware
SPT Ivey Rockwall MOB LLCDelaware
SPT Ivey Santa Rosa MOB LLCDelaware
SPT Ivey Shenandoah TX MOB LLCDelaware
SPT Ivey St. Francis Lafayette MOB I LLCDelaware
SPT Ivey St. Francis Lafayette MOB II LLCDelaware
SPT Ivey St. Petersburg MOB LLCDelaware
SPT Ivey Sub-Manager, LLCDelaware
SPT Ivey Sylva MOB LLCDelaware
SPT Ivey Tempe MOB Intermediate LLCDelaware
SPT Ivey Tempe MOB LLCDelaware
SPT Ivey Treeline San Antonio MOB LLCDelaware
SPT Ivey Urbana MOB LLCDelaware
SPT Jacksonville Partner, LLCDelaware
SPT LMC Holdings, LLCDelaware
SPT LNR CDO Cayman Ltd.Cayman Islands
SPT LNR Property Sub, LLCDelaware
SPT LNR Property TRS, LLCDelaware
SPT LNR Property, LLCDelaware
SPT LNR Securities Holdings Parent, LLCDelaware
SPT Logan Holdings, LLCDelaware
SPT Marathon Holdings, LLCDelaware
SPT Operations 2, LLCDelaware
SPT PR Waikoloa JV, LLCDelaware
SPT Raleigh Partner TRS, LLCDelaware
SPT Raleigh Partner TRS, LLCDelaware
9


SPT Raleigh Partner, LLCDelaware
SPT Real Estate AU, LLCDelaware
SPT Real Estate BM, LLCDelaware
SPT Real Estate Capital, LLCDelaware
SPT Real Estate Sub III, LLCDelaware
SPT Sierra Vista Partner, LLCDelaware
SPT Sierra Vista Partner, LLCDelaware
SPT SK Holdings Parent, LLCDelaware
SPT SK Holdings, LLCDelaware
SPT SK Holdings, Ltd.Cayman Islands
SPT Spear Holdings, LLC Delaware
SPT Special Member, Inc.Delaware
SPT TALF Holdings, LLC Delaware
SPT TCO Acquisition, LLCDelaware
SPT Ten-X Holdings, LLCDelaware
SPT TLA BB Holdings TRS, LLCDelaware
SPT TLA BB Holdings, LLCDelaware
SPT TLA Parent, LLCDelaware
SPT TLB BB Holdings TRS Parent, LLCDelaware
SPT TLB BB Holdings TRS, LLCDelaware
SPT TLB BB Holdings, LLCDelaware
SPT TLB BB Intermediate, LLCDelaware
SPT TLB BB PE Holdings, LLCDelaware
SPT Troy Partner, LLCDelaware
SPT Victoria Holdings 1, Ltd.Cayman Islands
SPT Victoria Holdings 2, Ltd.Cayman Islands
SPT Victoria Holdings 3, Ltd.Cayman Islands
SPT WAH Holdings LLCDelaware
SPT WAH Walden Park LLCDelaware
SPT WAH Waterford LLCDelaware
SPT WAH Waverly LLCDelaware
SPT WAH Wedgewood LLCDelaware
SPT WAH Wellesley LLCDelaware
SPT WAH Wellington LLCDelaware
SPT WAH Wentworth I LLCDelaware
SPT WAH Wentworth II LLCDelaware
SPT WAH Westbrook LLCDelaware
SPT WAH Westchase LLCDelaware
SPT WAH Westchester LLCDelaware
SPT WAH Westminster LLCDelaware
SPT WAH Weston Oaks LLCDelaware
SPT WAH Westwood LLCDelaware
SPT WAH Wexford LLCDelaware
SPT WAH Whispering Pines LLCDelaware
SPT WAH Whispering Woods LLCDelaware
SPT WAH Willow Lake LLCDelaware
10


SPT WAH Wilmington LLCDelaware
SPT WAH Windchase LLCDelaware
SPT WAH Windermere I LLCDelaware
SPT WAH Windermere II LLCDelaware
SPT WAH Windsong I LLCDelaware
SPT WAH Windsong II LLCDelaware
SPT WAH Windsor Park LLCDelaware
SPT WAH Woodbridge LLCDelaware
SPT WAH Woodcrest LLCDelaware
SPT WAH Woodhill LLCDelaware
SPT WAH Woodridge LLCDelaware
SPT WAH Worthington LLCDelaware
SPT WAH Wyndham Place LLCDelaware
SPT WAH Wyngate LLCDelaware
SPT Waikoloa Lot, LLC Delaware
SPT Waikoloa Partner, LLC Delaware
SPT WD Holdings, LLCDelaware
SPT Wilkinson Raleigh JV, LLCDelaware
SPTIF Equity Holdings, LLC Delaware
SPTIF Loan Holdings, LLCDelaware
SPTIF Parent, LLCDelaware
SPTIF Securities Holdings II, LLCDelaware
SPTIF Securities Holdings III, LLCDelaware
SPTIF Sub-5 (DT) Holdings CB, LLCDelaware
SPTIF Sub-5 (DT) Holdings, LLCDelaware
SPTIF Sub-5 (OT) Holdings CB, Ltd.Jersey
SPTIF Sub-5 (OT) Holdings, Ltd.Jersey
SPTIF Sub-5 Holdings CB, LLCDelaware
SPTIF Sub-5 Holdings, LLCDelaware
SPTIF Sub-6 (DT) Holdings CB, LLCDelaware
SPTIF Sub-6 (DT) Holdings CB, LLCDelaware
SPTIF Sub-6 (DT) Holdings, LLCDelaware
SPTIF Sub-6 (OT) Holdings CB, Ltd.Cayman Islands
SPTIF Sub-6 (OT) Holdings, Ltd.Cayman Islands
SPTIF Sub-6 Holdings CB, LLCDelaware
SPTIF Sub-6 Holdings CB, LLCDelaware
SPTIF Sub-6 Holdings, LLCDelaware
SPTIF Sub-7 (DT) Holdings, CB, LLCDelaware
SPTIF Sub-7 (DT) Holdings, LLCDelaware
SPTIF Sub-7 (OT) Holdings CB, Ltd.Cayman Islands
SPTIF Sub-7 (OT) Holdings, Ltd.Cayman Islands
SPTIF Sub-7 Holdings CB, LLCDelaware
SPTIF Sub-7 Holdings, LLCDelaware
SPTIF Sub-8 (DT) Holdings CB, LLCDelaware
SPTIF Sub-8 (DT) Holdings, LLCDelaware
SPTIF Sub-8 (OT) Holdings CB, Ltd.Cayman Islands
11


SPTIF Sub-8 (OT) Holdings, Ltd.Cayman Islands
SPTIF Sub-8 Holdings CB, LLCDelaware
SPTIF Sub-8 Holdings, LLCDelaware
SPTIF Sub-9 (DT) Holdings CB, LLCDelaware
SPTIF Sub-9 (DT) Holdings, LLCDelaware
SPTIF Sub-9 (OT) Holdings CB, Ltd.Cayman Islands
SPTIF Sub-9 (OT) Holdings, Ltd.Cayman Islands
SPTIF Sub-9 Holdings CB, LLCDelaware
SPTIF Sub-9 Holdings, LLCDelaware
SPT-IX 701 Lender GP, L.L.C.Delaware
SPT-IX 701 Lender, L.P.Delaware
SRP TM Holdings, LPDelaware
Starwood 2024-SIF4, LLCDelaware
Starwood 2025-SIF5, LLCDelaware
Starwood 2025-SIF6, LLCDelaware
Starwood 2026-SIF7, LLC Delaware
Starwood CMBS Fund GP, LLCDelaware
Starwood CMBS Fund I Investor, LLCDelaware
Starwood CMBS Fund I, L.P.Delaware
Starwood CMBS Horizontal Retention BBCMS 2018-C2 LLCDelaware
Starwood CMBS Horizontal Retention BBCMS 2020-C8 LLCDelaware
Starwood CMBS Horizontal Retention BBCMS 2023-5C23 LLCDelaware
Starwood CMBS Horizontal Retention BBCMS 2024-5C27 LLC Delaware
Starwood CMBS Horizontal Retention BBCMS 2024-5C31 LLC Delaware
Starwood CMBS Horizontal Retention BMO 2025-5C11 LLC Delaware
Starwood CMBS Horizontal Retention BBCMS 2025-C39 LLC Delaware
Starwood CMBS Horizontal Retention MSBAM 2025-5C2 LLC Delaware
Starwood CMBS Horizontal Retention CF 2019-CF1 LLCDelaware
Starwood CMBS Horizontal Retention CF 2019-CF2-LLCDelaware
Starwood CMBS Horizontal Retention CGCMT 2019-C7 LLCDelaware
Starwood CMBS Horizontal Retention MSC 2019-L3 LLCDelaware
Starwood CMBS Horizontal Retention MSC 2021-L5 LLCDelaware
Starwood CMBS Horizontal Retention MSC 2022-L8 LLCDelaware
Starwood Commercial Mortgage Depositor, LLCDelaware
Starwood Conduit CMBS Horizontal Retention I, LLCDelaware
Starwood Conduit CMBS Vertical Retention I LLCDelaware
Starwood Conduit CMBS Vertical Retention II LLCDelaware
Starwood Infrastructure Finance, LLCDelaware
Starwood Mortgage Capital LLCDelaware
Starwood Mortgage Funding I LLCDelaware
Starwood Mortgage Funding II LLCDelaware
Starwood Mortgage Funding III LLCDelaware
Starwood Mortgage Funding IV LLCDelaware
Starwood Mortgage Funding V LLCDelaware
Starwood Mortgage Funding VI LLCDelaware
Starwood Mortgage Funding VII, LLC Delaware
12


Starwood Mortgage Residential Finance, LLCDelaware
Starwood Mortgage WD, L.L.C.Delaware
Starwood Non-Agency Lending, LLCDelaware
Starwood Non-Agency Securities Holdings II, LLC Delaware
Starwood Non-Agency Securities Holdings III, LLC Delaware
Starwood Non-Agency Securities Holdings IV, LLCDelaware
Starwood Non-Agency Securities Holdings, LLCDelaware
Starwood Property Mortgage BC, L.L.C.Delaware
Starwood Property Mortgage Depositor, LLCDelaware
Starwood Property Mortgage Sub-10 HoldCo, L.L.C.Delaware
Starwood Property Mortgage Sub-10, L.L.C.Delaware
Starwood Property Mortgage Sub-10-A Holdco, L.L.C.Delaware
Starwood Property Mortgage Sub-10-A, L.L.C.Delaware
Starwood Property Mortgage Sub-11, L.L.C.Delaware
Starwood Property Mortgage Sub-12, L.L.C.Delaware
Starwood Property Mortgage Sub-12-A, L.L.C.Delaware
Starwood Property Mortgage Sub-14, L.L.C.Delaware
Starwood Property Mortgage Sub-14-A, L.L.C.Delaware
Starwood Property Mortgage Sub-15, L.L.C.Delaware
Starwood Property Mortgage Sub-15-A, L.L.C.Delaware
Starwood Property Mortgage Sub-16, L.L.C.Delaware
Starwood Property Mortgage Sub-16-A, L.L.C.Delaware
Starwood Property Mortgage Sub-18 Holdings, L.L.C.Delaware
Starwood Property Mortgage Sub-18, L.L.CDelaware
Starwood Property Mortgage Sub-18-A Holdings, L.L.CDelaware
Starwood Property Mortgage Sub-18-A, L.L.C.Delaware
Starwood Property Mortgage Sub-19 Holdings, L.L.C.Delaware
Starwood Property Mortgage Sub-19, L.L.C.Delaware
Starwood Property Mortgage Sub-19-A Holdings, L.L.C.Delaware
Starwood Property Mortgage Sub-19-A, L.L.C.Delaware
Starwood Property Mortgage Sub-2, L.L.C.Delaware
Starwood Property Mortgage Sub-20, L.L.C.Delaware
Starwood Property Mortgage Sub-20-A, L.L.C.Delaware
Starwood Property Mortgage Sub-21, L.L.C.Delaware
Starwood Property Mortgage Sub-21-A, L.L.C.Delaware
Starwood Property Mortgage Sub-22, L.L.C.Delaware
Starwood Property Mortgage Sub-22-A, L.L.C.Delaware
Starwood Property Mortgage Sub-23, L.L.C.Delaware
Starwood Property Mortgage Sub-23-A, L.L.C.Delaware
Starwood Property Mortgage Sub-24, L.L.C.Delaware
Starwood Property Mortgage Sub-24-A, L.L.C.Delaware
Starwood Property Mortgage Sub-25, L.L.C.Delaware
Starwood Property Mortgage Sub-25-A, L.L.C.Delaware
Starwood Property Mortgage Sub-26, L.L.C.Delaware
Starwood Property Mortgage Sub-27, L.L.C.Delaware
Starwood Property Mortgage Sub-27-A, L.L.C.Delaware
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Starwood Property Mortgage Sub-28, L.L.C.Delaware
Starwood Property Mortgage Sub-28-A, L.L.C.Delaware
Starwood Property Mortgage Sub-29, L.L.C.Delaware
Starwood Property Mortgage Sub-29-A, L.L.C.Delaware
Starwood Property Mortgage Sub-2-A, L.L.C.Delaware
Starwood Property Mortgage Sub-3, L.L.C.Delaware
Starwood Property Mortgage Sub-30, L.L.C.Delaware
Starwood Property Mortgage Sub-30-A, L.L.C.Delaware
Starwood Property Mortgage Sub-31, L.L.C.Delaware
Starwood Property Mortgage Sub-31-A, L.L.C.Delaware
Starwood Property Mortgage Sub-32, L.L.C.Delaware
Starwood Property Mortgage Sub-32-A, L.L.C.Delaware
Starwood Property Mortgage Sub-33-A, L.L.C.Delaware
Starwood Property Mortgage Sub-34, L.L.C.Delaware
Starwood Property Mortgage Sub-34-A, L.L.C.Delaware
Starwood Property Mortgage Sub-35-A, L.L.C.Delaware
Starwood Property Mortgage Sub-36-A Parent, L.L.C. Delaware
Starwood Property Mortgage Sub-36-A, L.L.C. Delaware
Starwood Property Mortgage Sub-4, L.L.C.Delaware
Starwood Property Mortgage Sub-5, L.L.C.Delaware
Starwood Property Mortgage Sub-5-A, L.L.C.Delaware
Starwood Property Mortgage Sub-6(P), L.L.C.Delaware
Starwood Property Mortgage Sub-6, L.L.C.Delaware
Starwood Property Mortgage Sub-6-A Holdings, L.L.C.Delaware
Starwood Property Mortgage Sub-6-A(P), L.L.C.Delaware
Starwood Property Mortgage Sub-6-A, L.L.C.Delaware
Starwood Property Mortgage Sub-9, L.L.C.Delaware
Starwood Property Mortgage Sub-9-A, L.L.C.Delaware
Starwood Property Mortgage, L.L.C.Delaware
Starwood Residential Finance, LLCDelaware
Starwood Solutions, LLCDelaware
Starwood WD Montgomery Holdings, LLCDelaware
STWD 2019-FL1, Ltd.Cayman Islands
STWD 2021-FL2 Retention Holder, LLCDelaware
STWD 2021-FL2, LLCDelaware
STWD 2021-FL2, Ltd. Cayman Islands
STWD 2021-SIF1, LLCDelaware
STWD 2021-SIF1, Ltd.Cayman Islands
STWD 2021-SIF2, LLC Delaware
STWD 2021-SIF2, Ltd.Cayman Islands
STWD 2022-FL3 Retention Holder, LLCDelaware
STWD 2022-FL3, LLCDelaware
STWD 2022-FL3, Ltd. Cayman Islands
STWD 2024-SIF3, LLC Delaware
STWD 2025-FL4 Retention Holder, LLC Delaware
STWD 2025-FL4, LLC Delaware
14


STWD CLO Retention Holder, LLCDelaware
STWD CLO Seller, LLCDelaware
STWD CLO Sub-REIT, LLCDelaware
STWD CMBS Liquid Holdings LLCDelaware
STWD CMBS RR Holdings LLCDelaware
STWD CMBS Venture Holdings LLCDelaware
STWD Co-Investment 2015, L.P.Delaware
STWD Co-Investment Fund GP, LLCDelaware
STWD Europe Retention Holder, LLC Delaware
STWD Europe Seller LLC Delaware
STWD Europe Special Servicer, LLC Delaware
STWD Investment Management, LLC Delaware
STWD JV Holdings LLCDelaware
Sun Belt Office I Holdings, LLCDelaware
Sun Belt Office PE Member, LLC Delaware
Ten-X Holding Company, Inc.Delaware
TIAA Real Estate CDO 2003-1 Ltd. Cayman Islands
TMG Starwood Eastboro 1-4 JV, L.L.C.Delaware
Wash Depot Holdings, Inc. Delaware
WD Coast Line Drive FL Property, LLCDelaware
WD Mobile Highway AL Property, LLCAlabama
Woodstar Feeder Fund, L.P. Delaware
Woodstar Feeder REIT, LLC Delaware
Woodstar Feeder TRS, LLCDelaware
Woodstar Portfolio Holdings, LLCVermont
Woodstar Portfolio SPT Member, LLC Delaware

15