Exhibit 21.1
| Name of Subsidiary |
State/Country of Incorporation/Formation | |
| SMTA Financing JV, LLC | Delaware | |
| SMTA Shopko Holdings, LLC | Delaware | |
| SMTA Shopko Portfolio I, LLC | Delaware | |
| SMTA TN Property Holdings, LLC | Delaware | |
| Spirit AS Katy TX, LP | Delaware | |
| Spirit IM Katy TX, LLC | Delaware | |
| Spirit Master Funding, LLC | Delaware | |
| Spirit Master Funding II, LLC | Delaware | |
| Spirit Master Funding III, LLC | Delaware | |
| Spirit Master Funding VI, LLC | Delaware | |
| Spirit Master Funding VII, LLC | Delaware | |
| Spirit Master Funding XI, LLC | Delaware | |
| Spirit MTA OP Holdings, LLC | Delaware | |
| Spirit MTA REIT, L.P. | Delaware | |
| Spirit MTA SubREIT, Inc. | Maryland | |
| Spirit SPE Crown 2014-1, LLC | Delaware | |
| Spirit SPE Portfolio 2006-1, LLC | Delaware | |
| Spirit SPE Portfolio 2006-2, LLC | Delaware | |
| Spirit SPE Portfolio 2006-3, LLC | Delaware | |
| Spirit SPE Portfolio 2012-5, LLC | Delaware |