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Exhibit 21.1

NET LEASE OFFICE PROPERTIES

SUBSIDIARIES OF REGISTRANT

Name of Subsidiary						Ownership						State or Country of Incorporation
(CA) ADS, LLC						100		%				Delaware
308 Route 38 LLC						100		%				Delaware
500 Jefferson Tower (TX) LLC						100		%				Delaware
6000 Nathan (MN) LLC						100		%				Delaware
601 Jefferson Manager (DE) LLC						100		%				Delaware
601 Jefferson Tower (TX) LLC						100		%				Delaware
ADS2 (CA) LLC (fka ADS2 (CA) QRS 11-41, Inc.)						100		%				Delaware
AIRLIQ (TX) LLC						100		%				Delaware
AUTOPRO (GA) LLC						100		%				Delaware
Avasu (AZ) LLC						100		%				Delaware
Avasu (AZ) Transferee LLC						100		%				Delaware
Boom (MN) LLC						100		%				Delaware
Boom (MN) Transferee LLC						100		%				Delaware
Call LLC						100		%				Delaware
CII Landlord (IL) LLC						100		%				Delaware
CII Landlord (IL) MM LLC						100		%				Delaware
Develop (TX) LP						100		%				Delaware
Drug (AZ) LLC (fka Drug (AZ) QRS 14-42, Inc.)						100		%				Delaware
Finnestadveien 44 II AS						100		%				Norway
FLOUR POWER (OH) LLC						100		%				Delaware
GRC GP (TX) LLC (fka GRC (TX) QRS 15-47, Inc.)						100		%				Delaware
GRC (TX) Limited Partnership						100		%				Delaware
GRC-II (TX) LLC (fka GRC-II (TX) QRS 15-80, Inc.)						100		%				Delaware
GRC-II (TX) Limited Partnership						100		%				Delaware
Hawk (IA) LLC						100		%				Delaware
Hawk JV Landlord (IA) LLC						100		%				Delaware
Hawk Landlord (IA) LLC						100		%				Delaware
Health Landlord (MN) LLC						100		%				Delaware
HM Benefits (MI) LLC (fka HM Benefits (MI) QRS 16-18, Inc.)						100		%				Delaware
HNGS AUTO (MI) LLC						100		%				Delaware
ICALL BTS (VA) LLC						100		%				Delaware
Jax Costa (FL) LLC						100		%				Delaware
Jax Costa Transferee LLC						100		%				Delaware
Jax Costa Transferee Principal LLC						100		%				Delaware
JPCentre (TX) LLC						100		%				Delaware
JPCentre Manager (TX) LLC						100		%				Delaware
JPTampa Management (FL) LLC						100		%				Delaware
MEDI (PA) LLC						100		%				Delaware
Merge (WI) LLC						100		%				Delaware
Merge (WI) Transferee LLC						100		%				Delaware
MIS EGN (MN) LLC						100		%				Delaware
MIS EGN (MN) Transferee LLC						100		%				Delaware
Morisek Hoffman (IL) LLC						100		%				Delaware

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Name of Subsidiary						Ownership						State or Country of Incorporation
Morrisville Landlord GP (NC) LLC						100		%				Delaware
Morrisville Landlord (NC) LP						100		%				Delaware
NLO Admir B.V.						100		%				Netherlands
NLO Financing B.V.						100		%				Netherlands
NLO Holding B.V. (fka WPC REIT Fau 42 B.V.)						100		%				Netherlands
NLO Holding Company LLC						100		%				Delaware
NLO International Holding LP						100		%				Delaware
NLO International Holding GP TRS LLC						100		%				Delaware
NLO MB TRS LLC						100		%				Delaware
NLO Mezzanine Borrower LLC						100		%				Delaware
NLO Noki Sp. z o.o.						100		%				Poland
NLO Npow B.V.						100		%				Netherlands
NLO OP LLC						100		%				Delaware
NLO Pledgor LLC						100		%				Delaware
NLO SubREIT LLC						100		%				Delaware
Oak Creek 17 Investor (WI) LLC						100		%				Delaware
Orlando Storage 17 (FL) LLC						100		%				Delaware
ØAV 88 AS						100		%				Norway
Popcorn (TX) LLC (fka Popcorn (TX) QRS 14-43, Inc.)						100		%				Delaware
Roosevelt Blvd North (FL) LLC						100		%				Delaware
RRD (IL) LLC						100		%				Delaware
Rush It LLC						100		%				Delaware
Spring Forest Road (NC) LLC						100		%				Delaware
Stone Oak 17 (TX) LLC						100		%				Delaware
Telegraph (MO) LLC						100		%				Delaware
Truth (MN) LLC						100		%				Delaware
Turbo Headquarters (TX) LLC						100		%				Delaware
Turbo Headquarters (TX) Transferee LLC						100		%				Delaware
USO Landlord (TX) LLC						100		%				Delaware
Vandenburg Blvd (PA) LLC						100		%				Delaware
Venice (CA) LP						100		%				Delaware
Venice (CA) Transferee LLC						100		%				Delaware
Venice (CA) Transferee Principal LLC						100		%				Delaware
WPC Crown Colony (MA) LLC						100		%				Delaware