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Exhibit 21.1

Subsidiaries of the Registrant
As of 12/31/13

Subsidiary	Jurisdiction of Formation
101 Marietta Street Associates		Georgia
128th Street Associates, LLC		Florida
16th Street Partners, LLC		Florida
88th Street Partners LLC		Delaware
Archetype COPS I Partner LLC		Delaware
Archetype Employees LLC		Delaware
Archetype Holdings LLC		Delaware
Archetype Investment Management LLC		Delaware
Archetype Realty Corporation		Delaware
Bert L. Smokler, LLC		Delaware
CorAmerica Realty Financing Company, LLC		Delaware
DCA Homes, LLC		Florida
DCA Management, LLC		Florida
Diesel Ltd.		Bermuda
Diesel Mortgage Investments, LLC		Delaware
DSHI Opco LLC		Delaware
Gaslamp Block Holdings, LLC		Delaware
Hatfield Philips Agency Services Limited		United Kingdom
Hatfield Philips Deutschland GmbH		Germany
Hatfield Philips International Limited		United Kingdom
Homesite Land Ventures, LLC		Delaware
JPMC 1997-C4 Parkwood Drive GP, LLC		Texas
JPMC 1997-C4 Parkwood Drive Limited Partnership		Texas
LEI Member Limited		Bermuda
Leisure Colony Management LLC		Florida
Leisure Communities Management, LLC		Florida
LFS Asset, LLC		Nevada
Lincoln Road Asset Manager, Inc.		Delaware
Lincoln Road Capital Holdings, LLC		Delaware
Lincoln Road Portfolio Manager, LLC		Florida
Lincoln Road Real Estate Partners, LLC		Delaware
Lincoln Road Texas GP, Inc.		Delaware
Lincoln Road Texas Limited Partnership		Delaware
LNR 16th Street, LLC		Florida
LNR AFIS Asset Services LLC		Delaware
LNR AFIS Holding I LLC		Delaware
LNR AFIS Holding II LLC		Delaware
LNR AFIS Holding III LLC		Delaware
LNR AFIS Holdings LLC		Delaware
LNR AFIS Investments LLC		Delaware
LNR Alabama Partners, LLC		Delaware
LNR Arrowhead Limited Partnership		Delaware
LNR Asset Services Limited		United Kingdom
LNR Bressi Commercial, LLC		California
LNR California Partners, LLC		California
LNR Capital Management, LLC		Delaware
LNR Capital Services, LLC		Florida
LNR CDO 2002-1 Ltd.		Cayman Islands

Subsidiary	Jurisdiction of Formation
LNR CDO 2002-1, LLC		Delaware
LNR CDO 2003-1 Ltd.		Cayman Islands
LNR CDO 2003-1, LLC		Delaware
LNR CDO Depositor, LLC		Delaware
LNR CDO III Ltd.		Cayman Islands
LNR CDO III, LLC		Delaware
LNR CDO IV Ltd.		Cayman Islands
LNR CDO IV, LLC		Delaware
LNR CDO V LLC		Delaware
LNR CDO V Ltd.		Cayman Islands
LNR CDO VI Ltd.		Cayman Islands
LNR Central Park, LLC		California
LNR CFL Depositor, LLC		Delaware
LNR CGA Holdings, LLC		Nevada
LNR CPG Services, LLC		California
LNR Crossroads Marketplace, LLC		California
LNR Dakota Partners, LLC		North Dakota
LNR Delta Member Ltd.		Cayman Islands
LNR Delta Opco Ltd.		Cayman Islands
LNR DSHI Legacy, LLC		Florida
LNR Eastern Lending, LLC		Georgia
LNR Euro CMBS S.à.R.L.		Luxembourg
LNR Europe Hector Holdings Limited		Bermuda
LNR Europe Holdings S.à r.l.		Luxembourg
LNR European Advisors Limited		United Kingdom
LNR Fontana, LLC		California
LNR Freeport Southwest, LLC		Delaware
LNR Governor Hunt Road North, LLC		North Carolina
LNR Governor Hunt Road South, LLC		North Carolina
LNR Illinois Partners, LLC		Illinois
LNR Land Partners Sub, LLC		Delaware
LNR LW Nevada Assets, LLC		Nevada
LNR Madison Square, LLC		Delaware
LNR Mallard Creek, LLC		North Carolina
LNR Massachusetts Partners, LLC		Massachusetts
LNR New Jersey Partners, LLC		New Jersey
LNR Newport Plaza, LLC		California
LNR Northeastern Investments, LLC		Delaware
LNR NWHL Holdings, LLC		Delaware
LNR Ocala Interhold, LLC		Delaware
LNR Partners Archetype, LLC		Delaware
LNR Partners California Manager, LLC		California
LNR Partners Europa Associates Management, LLC		Florida
LNR Partners Europe Limited		United Kingdom
LNR Partners Germany GmbH		Germany
LNR Partners United Kingdom Ltd.		United Kingdom
LNR Partners, LLC		Florida
LNR Philadelphia Place IV, LLC		Delaware
LNR Property LLC		Delaware
LNR Property LLC Eastern Region		Georgia
LNR Property LLC Northeastern Region		Massachusetts
LNR Property Payroll LLC		Florida
LNR REFSG Funding, LLC		Florida

Subsidiary	Jurisdiction of Formation
LNR REFSG Holdings, LLC		Florida
LNR REFSG Investments, LLC		Delaware
LNR Research Drive, LLC		North Carolina
LNR Retail Corners Manager, LLC		Delaware
LNR Rolling Ridge, LLC		California
LNR Scotts Valley Hilton LLC		Delaware
LNR Securities CDO Legacy, LLC		Delaware
LNR Securities Equity, LLC		Delaware
LNR Securities Holdings, LLC		Delaware
LNR Securities Preferred, LLC		Delaware
LNR Securities Reliance VI, LLC		Delaware
LNR Securities Reliance, LLC		Delaware
LNR Texas Partners, LLC		Texas
LNR Town Center Entertainment, LLC		California
LNR UK CMBS S.à.R.L.		Luxembourg
LNR Utah Partners, LLC		Utah
LNR Von Karman, LLC		California
LNR Westbrook Business Center, LLC		North Carolina
LNR Western Investments, Inc.		California
LNR Withers Cove, LLC		North Carolina
LNR Worthington, LLC		North Carolina
Madison Square 2004-1 Corp.		Delaware
Madison Square 2004-1 Ltd.		Cayman Island
Madison Square Company LLC		Delaware
Madison Square Mortgage Securities, LLC		Delaware
Madison Square Sunblock, Inc.		Delaware
Ocala Capital Management Luxembourg S.à.R.L.		Luxembourg
Ocala Capital Management, LLC		Delaware
PrimeStar Fund I GP, L.L.C.		Delaware
PrimeStar Fund I TRS, Inc.		Delaware
PrimeStar Fund I TRS, L.L.C		Delaware
PrimeStar Fund I, L.P.		Delaware
PrimeStar-F Fund I Trust		Delaware
PrimeStar-F Fund I, L.L.C.		Delaware
PrimeStar-H Fund I Trust		Delaware
PrimeStar-H Fund I, L.L.C.		Delaware
SPT 1166 Holdings, LLC		Delaware
SPT 250 South Holdings, LLC		Delaware
SPT 701 Lender, L.L.C.		Delaware
SPT 701 Loan Holdings TRS, L.L.C.		Delaware
SPT CA Fundings 2, LLC		Delaware
SPT CA Fundings, LLC		Delaware
SPT Gaslamp Holding, LLC		Delaware
SPT GBIV Holdings, LLC		Delaware
SPT Griffin Hodings, LLC		Delaware
SPT LNR CDO Cayman Ltd.		Cayman Islands
SPT LNR HP UK Ltd		United Kingdom
SPT LNR LEI UK Ltd		United Kingdom
SPT LNR Property Sub, LLC		Delaware
SPT LNR Property TRS, LLC		Delaware
SPT LNR Property, LLC		Delaware
SPT LNR Securities Holdings Parent, LLC		Delaware
SPT Operations, LLC		Delaware

Subsidiary	Jurisdiction of Formation
SPT Real Estate Sub I, LLC		Delaware
SPT Real Estate Sub II, LLC		Delaware
SPT Rosslyn Holdings, L.L.C.		Delaware
SPT TLB BB Holdings TRS Parent, LLC		Delaware
SPT TLB BB Holdings TRS, LLC		Delaware
SPT TLB BB Holdings, LLC		Delaware
SPT WD Holdings, LLC		Delaware
SPT-IX 701 Lender GP, L.L.C.		Delaware
SPT-IX 701 Lender, L.P.		Delaware
SPT-IX 701 Loan Holdings GP, L.L.C.		Delaware
SPT-IX 701 Loan Holdings, L.P.		Delaware
SRP 643 Sub II TRS, Inc.		Delaware
SRP 643 SUB II, LLC		Delaware
SRP 643 Sub TRS, Inc.		Delaware
SRP 643 SUB, LLC		Delaware
SRP PrimeStar, L.L.C.		Delaware
SRP Sub, LLC		Delaware
SRP TRS Sub, Inc.		Delaware
SRP TRS Sub, LLC		Delaware
Starwood Commercial Mortgage Depositor, LLC		Delaware
Starwood Mortgage Capital LLC		Delaware
Starwood Mortgage Funding I LLC		Delaware
Starwood Mortgage Funding II LLC		Delaware
Starwood Mortgage Funding III LLC		Delaware
Starwood Mortgage WD, L.L.C.		Delaware
Starwood Property Mortgage BC, L.L.C.		Delaware
Starwood Property Mortgage Holdings I, L.L.C.		Delaware
Starwood Property Mortgage Sub-1, L.L.C.		Delaware
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-2, 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-3-A, L.L.C.		Delaware
Starwood Property Mortgage Sub-4, L.L.C.		Delaware
Starwood Property Mortgage Sub-4-A, 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, L.L.C.		Delaware
Starwood Property Mortgage Sub-6-A, L.L.C.		Delaware
Starwood Property Mortgage Sub-7, L.L.C.		Delaware
Starwood Property Mortgage Sub-8, Ltd.		Cayman Islands
Starwood Property Mortgage Sub-9, L.L.C.		Delaware
Starwood Property Mortgage Sub-9-A, L.L.C.		Delaware
Starwood Property Mortgage Sub-CP, LP		Cayman Islands
Starwood Property Mortgage, L.L.C.		Delaware
Starwood Residential Properties, Inc.		Maryland
Starwood Waypoint Residential GP, Inc.		Delaware
Starwood Waypoint Residential Partnership, L.P.		Delaware
Starwood Waypoint Residential Trust		Maryland

Subsidiary	Jurisdiction of Formation
Structured Real Estate Solutions Limited		United Kingdom
SW-YB 1166 LLC		Delaware
Terra LNR I LLC		Delaware
West Coast Mortgage Holdings, LLC		Florida

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Exhibit 21.1

Subsidiaries of the Registrant As of 12/31/13