Exhibit 21

Entity	State of Formation
446-High Line LLC	New York
450 SPE Manager, Inc.	New York
701 Seventh JV LLC	Delaware
701 Seventh Partners LLC	Delaware
701 Seventh WRT Investor LLC	Delaware
Atrium Mall LLC	Delaware
FT-Churchill Lender LLC	Delaware
FT-FIN Acquisition LLC	Delaware
WRT Realty L.P.	Delaware
WRT TRS Management Corp.	Delaware
WRT-701 Seventh LLC	Delaware
WRT-High Line LLC	Delaware
WRT-Property Holdings LLC	Delaware
WRT-Springing Member LLC	Delaware