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Exhibit 21.1

Subsidiaries of FS Credit Real Estate Income Trust, Inc.

 

Name of Subsidiary						State of Incorporation or Organization
FS CREIT Finance Holdings						Delaware
FS CREIT Finance WF-1 LLC						Delaware
FS CREIT Finance GS-1 LLC						Delaware
FS CREIT Finance BB-1 LLC						Delaware
FS CREIT Finance MM-1 LLC						Delaware
FS CREIT Finance MS-1 LLC						Delaware
FS CREIT Finance NTX-1 LLC						Delaware
FS CREIT Finance BMO-1 LLC						Delaware
FS CREIT Investments LLC						Delaware
FS Investments Rego Park LLC						Delaware
FS Investments SC Industrial LLC						Delaware
FS CREIT Investments HRR LLC						Delaware
FS Investments Las Colinas LLC						California
FS Investments OPDR Mezz LLC						Delaware
FS Investments Park Central Mezz LLC						Delaware
FS Investments Industrial Portfolio Mezz LLC						Delaware
FS Investments Berkeley Mezz LLC						California
FS CREIT Aurora Mezz LLC						Delaware
FS CREIT Bronx Portfolio Mezz LLC						Delaware
FS CREIT Parkway Vista Mezz LLC						Delaware
FS Investments N Broad Mezz LLC						Delaware
FS CREIT BERKLEY LLC						California
FS CREIT Originator Parent LLC						Delaware
FS CREIT Originator LLC						Delaware
FS CREIT Davis LLC						California
FS CREIT Cottonmill LLC						California
FS CREIT 8378 Melrose LLC						California
FS CREIT Campus 56 LLC						California
FS CREIT 198 Utah LLC						California
FS CREIT Lawrence LLC						California
FS CREIT North Town						California
FS CREIT Plaza Mexico LLC						California
FS CREIT Santa Barbara Portfolio LLC						California
FS CREIT College Ave LLC						California
FS CREIT Industrial Portfolio LLC						California
FS Rialto EII LLC						Delaware
FS Rialto QI LLC						Delaware
FS Rialto Sub-REIT LLC						Delaware
FS Rialto 2019-FL Holder, LLC						Delaware
FS Rialto 2019-FL1 Issuer, Ltd.						Cayman Islands
FS Rialto 2019-FL1 Co-Issuer, LLC						Delaware
FS Rialto 2021-FL2 Holder, LLC						Delaware
FS Rialto 2021-FL2 Issuer, Ltd.						Cayman Islands
FS Rialto 2021-FL2 Co-Issuer, LLC						Delaware
FS Rialto 2021-FL3 Holder, LLC						Delaware

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FS Rialto 2021-FL3 Issuer, Ltd.						Cayman Islands
FS Rialto 2021-FL3 Co-Issuer, LLC						Delaware
FS Rialto 2022-FL4 Holder, LLC						Delaware
FS Rialto 2022-FL4 Issuer, LLC						Delaware
FS Rialto 2022-FL5 Holder, LLC						Delaware
FS Rialto 2022-FL5 Issuer, LLC						Delaware
FS Rialto 2022-FL6 Holder, LLC						Delaware
FS Rialto 2022-FL6 Issuer, LLC						Delaware
FS Rialto 2022-FL7 Holder, LLC						Delaware
FS Rialto 2022-FL7 Issuer, LLC						Delaware
FS OD 1 LLC						Delaware
FS OD 2 LLC						Delaware
FS OD 3 LLC						Delaware
FS CREIT Equity Investments LLC						Delaware
FS CREIT 555 Aviation LLC						Delaware
FS CREIT 7 Bushwick Place LLC						Delaware
FS CREIT Equity TRS LLC						Delaware