Exhibit 21.1

Bluerock Residential Growth REIT, Inc.

List of Subsidiaries

1. Bluerock REIT Holdings, LLC, a Delaware limited liability company

2. Bluerock Residential Holdings, L.P., a Delaware limited partnership

3. Waypoint Enders Owner, LLC, a Delaware limited liability company

4. Waypoint Bluerock Enders JV, LLC, a Delaware limited liability company

5. BR Enders Managing Member, LLC, a Delaware limited liability company

6. BEMT Enders, LLC, a Delaware limited liability company

7. BR Grandewood, LLC, a Delaware limited liability company

8. BR Grandewood JV, LLC, a Delaware limited liability company

9. BRG Grandewood TRS, LLC, a Delaware limited liability company

10. BRG Grandewood, LLC, a Delaware limited liability company

11. BRG Grandewood Manager, LLC, a Delaware limited liability company

12. BR Park & Kingston Charlotte, LLC, a Delaware limited liability company

13. 23Hundred, LLC, a Delaware limited liability company

14. BR Stonehenge 23Hundred JV, LLC, a Delaware limited liability company

15. BR Berry Hill Managing Member, LLC, a Delaware limited liability company

16. BR Berry Hill Managing Member II, LLC, a Delaware limited liability company

17. BRG Park and Kingston TRS, LLC, a Delaware limited liability company

18. BEMT Berry Hill, LLC, a Delaware limited liability company

19. BR Ashton I Owner, LLC, a Delaware limited liability company

20. BRG Ashton NC, LLC, a Delaware limited liability company

21. BR World Gateway, LLC, a Delaware limited liability company

22. BR World Gateway Orlando JV, LLC, a Delaware limited liability company

23. BRG World Gateway Manager, LLC, a Delaware limited liability company

24. BRG World Gateway Orlando TRS, LLC, a Delaware limited liability company

25. BRG World Gateway Orlando, LLC, a Delaware limited liability company

26. BR Carroll Phillips Creek Ranch, LLC, a Delaware limited liability company

27. BR Carroll Keller Crossing, LLC, a Delaware limited liability company

28. BR Carroll DFW Portfolio JV, LLC, a Delaware limited liability company

29. BR DFW Portfolio JV Member, LLC, a Delaware limited liability company

30. BRG DFW Portfolio, LLC, a Delaware limited liability company

31. BR Ashton II Owner, LLC, a Delaware limited liability company

32. Villas Partners, LLC, a Delaware limited liability company

33. Oak Crest Villas JV, LLC, a Delaware limited liability company

34. BR Oak Crest Villas, LLC, a Delaware limited liability company

35. BRG Oak Crest Minority Member, LLC, a Delaware limited liability company

36. BRG Ashton II Manager, LLC, a Delaware limited liability company

37. BRG Ashton NC II, LLC, a Delaware limited liability company

38. BRG Oak Crest, LLC, a Delaware limited liability company

39. BR Palmer Ranch Property Owner, LLC, a Delaware limited liability company

40. BR Palmer Ranch JV, LLC, a Delaware limited liability company

41. BRG Palmer Ranch TRS, LLC, a Delaware limited liability company

42. BRG Palmer Ranch Manager, LLC, a Delaware limited liability company

43. BRG Palmer Ranch, LLC, a Delaware limited liability company

44. BR Gulfshore Property Owner, LLC, a Delaware limited liability company

45. BR Gulfshore JV, LLC, a Delaware limited liability company

46. BRG Gulfshore TRS, LLC, a Delaware limited liability company

47. BRG Gulfshore Manager, LLC, a Delaware limited liability company

48. BRG Gulfshore, LLC, a Delaware limited liability company

49. BR Henderson Beach, LLC, a Delaware limited liability company

50. BRG Henderson Beach, LLC, a Delaware limited liability company

51. BR Carroll Tenside, LLC, a Delaware limited liability company

52. BR Carroll Tenside JV, LLC, a Delaware limited liability company

53. BR Tenside JV Member, LLC, a Delaware limited liability company

54. BRG Tenside, LLC, a Delaware limited liability company

55. BR Carroll Glenridge, LLC, a Delaware limited liability company

56. BR Carroll Glenridge JV, LLC, a Delaware limited liability company

57. BR Glenridge JV Member, LLC, a Delaware limited liability company

58. BRG Glenridge, LLC, a Delaware limited liability company

59. BR Carroll St. Lucie, LLC, a Delaware limited liability company

60. BR Carroll St. Lucie JV, LLC, a Delaware limited liability company

61. BR St. Lucie JV Member, LLC, a Delaware limited liability company

62. BRG St. Lucie TRS, LLC, a Delaware limited liability company

63. BRG St. Lucie Manager, LLC, a Delaware limited liability company

64. BRG St. Lucie, LLC, a Delaware limited liability company

65. BR 8700 Brodie Lane, LLC, a Delaware limited liability company

66. BR F&B 8700 Brodie Lane JV, LLC, a Delaware limited liability company

67. BR 8700 Brodie Lane JV Member, LLC, a Delaware limited liability company

68. BRG 8700 Brodie Lane, LLC, a Delaware limited liability company

69. BR Roswell, LLC, a Delaware limited liability company

70. BR Hawthorne Springhouse JV, LLC, a Delaware limited liability company

71. BR Springhouse Managing Member, LLC, a Delaware limited liability company

72. BR Springhouse TRS, LLC, a Delaware limited liability company

73. BEMT Springhouse, LLC, a Delaware limited liability company

74. BR 8800 South First, LLC, a Delaware limited liability company

75. BR F&B 8800 South First JV, LLC, a Delaware limited liability company

76. BR 8800 South First JV Member, LLC, a Delaware limited liability company

77. BRG 8800 South First, LLC, a Delaware limited liability company

78. BR Preston View, LLC, a Delaware limited liability company

79. BR Wesley Village, LLC, a Delaware limited liability company

80. BR/CDP UCFP Venture, LLC, a Delaware limited liability company

81. BR Orlando UCFP, LLC, a Delaware limited liability company

82. BRG UCFP Investor, LLC, a Delaware limited liability company

83. BRG Preston View Manager, LLC, a Delaware limited liability company

84. BRG UCFP TRS, LLC, a Delaware limited liability company

85. BR CWS Canyon Springs Owner, LLC, a Delaware limited liability company

86. BR CWS Cibolo Canyon Owner, LLC, a Delaware limited liability company

87. BR CWS Crown Ridge Owner, LLC, a Delaware limited liability company

88. BR CWS Cascades I Owner, LLC, a Delaware limited liability company

89. BR CWS Cascades II Owner, LLC, a Delaware limited liability company

90. BR CWS 2017 Portfolio JV LLC, a Delaware limited liability company

91. BR CWS Portfolio Member LLC, a Delaware limited liability company

92. BRG CWS Portfolio, LLC, a Delaware limited liability company

93. BR-HR Cypress Creek, LLC, a Delaware limited liability company

94. BR-HR Cypress Creek JV, LLC, a Delaware limited liability company

95. BR Cypress Creek JV Member, LLC, a Delaware limited liability company

96. BRG Cypress Creek, LLC, a Delaware limited liability company

97. BR Citrus Tower, LLC, a Delaware limited liability company

98. Bell BR Waterford Crossing JV, LLC, a Delaware limited liability company

99. BR Waterford JV Member, LLC, a Delaware limited liability company

100. BRG Citrus Tower Manager, LLC, a Delaware limited liability company

101. BR Waterford JV Minority Member, LLC, a Delaware limited liability company

102. BRG Waterford, LLC, a Delaware limited liability company

103. BR Greystone, LLC, a Delaware limited liability company

104. BRG Greystone Manager, LLC, a Delaware limited liability company

105. BRG Greystone, LLC, a Delaware limited liability company

106. BR Hunters Creek, LLC, a Delaware limited liability company

107. BRG Hunters Creek Manager, LLC, a Delaware limited liability company

108. BRG Hunters Creek, LLC, a Delaware limited liability company

109. BR Metrowest, LLC, a Delaware limited liability company

110. BR Metrowest Holdco, LLC, a Delaware limited liability company

111. BRG Metrowest Manager, LLC, a Delaware limited liability company

112. BRG Metrowest, LLC, a Delaware limited liability company

113. BRG FNMA Shelf 1, LLC, a Delaware limited liability company

114. BRG FNMA Shelf 2, LLC, a Delaware limited liability company

115. BRG FNMA Shelf 3, LLC, a Delaware limited liability company

116. BRG FNMA Shelf 4, LLC, a Delaware limited liability company

117. BRG FNMA Shelf 5, LLC, a Delaware limited liability company

118. BRG FNMA Shelf 6, LLC, a Delaware limited liability company

119. BRG FNMA Shelf Manager, LLC, a Delaware limited liability company

120. BRG FNMA Shelf Member, LLC, a Delaware limited liability company

121. BR Greenville, LLC, a Delaware limited liability company

122. BRG Greenville Manager, LLC, a Delaware limited liability company

123. BRG Greenville, LLC, a Delaware limited liability company

124. BR CWS Plum Creek, LLC, a Delaware limited liability company

125. BR CWS Plum Creek JV, LLC, a Delaware limited liability company

126. BR Plum Member, LLC, a Delaware limited liability company

127. BRG Plum, LLC, a Delaware limited liability company

128. BR Sands Parc, LLC, a Delaware limited liability company

129. BR Sands Parc Manager, LLC, a Delaware limited liability company

130. BRG Sands Parc, LLC, a Delaware limited liability company

131. BR F&B Cactus Street, LLC, a Delaware limited liability company

132. BR F&B Cactus Street JV, LLC, a Delaware limited liability company

133. BRG Cactus Street, LLC, a Delaware limited liability company

134. BR F&B Willow Chase BLVD, LLC, a Delaware limited liability company

135. BR F&B Willow Chase BLVD JV, LLC, a Delaware limited liability company

136. BR Willow Chase BLVD Member, LLC, a Delaware limited liability company

137. BRG Willow Chase BLVD, LLC, a Delaware limited liability company

138. BR CWS Lakewood, LLC, a Delaware limited liability company

139. BR CWS Lakewood JV, LLC, a Delaware limited liability company

140. BRG Lakewood Manager, LLC, a Delaware limited liability company

141. BRG Lakewood, LLC, a Delaware limited liability company

142. BR T&C BLVD., LLC, a Delaware limited liability company

143. BR T&C BLVD JV Member, LLC, a Delaware limited liability company

144. BRG T&C BLVD Houston, LLC, a Delaware limited liability company

145. BR Bellaire BLVD, LLC, a Delaware limited liability company

146. BR Southside Member, LLC, a Delaware limited liability company

147. BRG Southside, LLC, a Delaware limited liability company

148. BR-TBR Whetstone Owner, LLC, a Delaware limited liability company

149. BR-TBR Whetstone Venture, LLC, a Delaware limited liability company

150. BR Whetstone Member, LLC, a Delaware limited liability company

151. BRG Whetstone Durham, LLC, a Delaware limited liability company

152. CB Owner, LLC, a Delaware limited liability company

153. BR/CDP CB Venture, LLC, a Delaware limited liability company

154. BR Cheshire Member, LLC, a Delaware limited liability company

155. BRG Cheshire, LLC, a Delaware limited liability company

156. BR – ArchCo Domain Phase 1, LLC, a Delaware limited liability company

157. BR ArchCo Domain 1 Mezz, LLC, a Delaware limited liability company

158. BR – ArchCo Domain Phase 1 JV, LLC, a Delaware limited liability company

159. BR Member Domain Phase 1, LLC, a Delaware limited liability company

160. BRG Domain Phase 1 Development Manager, LLC, a Delaware limited liability company

161. BRG ArchCo Real Estate Development Manager, LLC, a Delaware limited liability company

162. BRG Domain Phase 1, LLC, a Delaware limited liability company

163. BR ArchCo Flagler Village, LLC, a Delaware limited liability company

164. BR Flagler Investor, LLC, a Delaware limited liability company

165. BR ArchCo Flagler Village JV, LLC, a Delaware limited liability company

166. BR Flagler JV Member, LLC, a Delaware limited liability company

167. BRG Flagler Village Development Manager, LLC, a Delaware limited liability company

168. BRG Flagler Village, LLC, a Delaware limited liability company

169. BR-TBR Lake Boone NC Owner, LLC, a Delaware limited liability company

170. BR-TBR Lake Boone Capital Member, LLC, a Delaware limited liability company

171. BR-TBR Lake Boone NC Venture, LLC, a Delaware limited liability company

172. BR Lake Boone JV Member, LLC, a Delaware limited liability company

173. BRG Lake Boone NC, LLC, a Delaware limited liability company

174. BR ArchCo Morehead, LLC, a Delaware limited liability company

175. BR ArchCo Morehead Mezz, LLC, a Delaware limited liability company

176. BR ArchCo Morehead JV, LLC, a Delaware limited liability company

177. BR Morehead JV Member, LLC, a Delaware limited liability company

178. BRG Morehead Development Manager, LLC, a Delaware limited liability company

179. BRG Morehead NC, LLC, a Delaware limited liability company

180. BR NCC Boca Apok Owner, LLC, a Delaware limited liability company

181. BR NCC Boca Apok Venture, LLC, a Delaware limited liability company

182. BR Boca JV Member, LLC, a Delaware limited liability company

183. BRG Boca, LLC, a Delaware limited liability company

184. BR Crescent Perimeter, LLC, a Delaware limited liability company

185. BR Crescent Perimeter Venture, LLC, a Delaware limited liability company

186. BR Perimeter JV Member, LLC, a Delaware limited liability company

187. BRG Perimeter, LLC, a Delaware limited liability company

188. BR Vickers Roswell, LLC, a Delaware limited liability company

189. BR Vickers Roswell JV, LLC, a Delaware limited liability company

190. BR Vickers Roswell JV Member, LLC, a Delaware limited liability company

191. BRG Vickers Roswell, LLC, a Delaware limited liability company

192. BR Wesley Village II, LLC, a Delaware limited liability company

193. BRG Wesley Village II, LLC, a Delaware limited liability company

194. BRG Leander Investor, LLC, a Delaware limited liability company

195. BRG Wayforth Investor, LLC, a Delaware limited liability company

196. BRG Montopolis Investor, LLC, a Delaware limited liability company